Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) — The “Bottled Water Packaging Market – Forecasts from 2023 to 2028” report has been added to ResearchAndMarkets.com’s offering.
As the quest for convenient, clean, and safe drinking options continues to drive consumer behavior, the global bottled water packaging market is seeing substantial growth. According to recent market analysis, this sector is on track to expand at a compound annual growth rate (CAGR) of 2.84%, progressing from a valuation of US$274.13 billion in 2021 to US$333.578 billion by the year 2028.
The surge in this market is supported by a variety of key factors, including an uptick in health consciousness, the demand for portable water solutions, and advances in sustainable packaging technologies.
Various materials are playing crucial roles in shaping the landscape of bottled water packaging solutions. Plastic, glass, and metal are among the leading choices for manufacturers, designed to meet stringent standards of consumer convenience and safety. This segment’s growth is accelerated by the crucial need to maintain water hygiene and freshness, factors that are indispensable to the modern consumer’s lifestyle.
The market research highlights several drivers fueling the expansion of the bottled water packaging industry:
- Rising awareness about the health benefits of proper hydration
- Greater emphasis on convenient and portable water sources
- Increasing income levels and consumer purchasing power
- Urbanization trends necessitating packaged water due to limited access to safe drinking water
- The burgeoning adoption of eco-friendly packaging options in response to environmental concerns
Products offered by key companies in the sector are setting examples with innovative packaging solutions. A prominent example is the launch of water bottles made from up to 100% recycled materials by industry players, which not only revolutionizes the eco-friendliness of the packaging but also meets evolving consumer expectations for sustainability.
In the Asia-Pacific region, the market for bottled water packaging is flourishing, with countries like China and India leading the charge. The region’s significant market share is underscored by its large population, increasing health awareness, and rising disposable incomes.
Key Developments in the Bottled Water Packaging Market
Recent developments in the market have seen innovative collaborations and product launches. For instance, Crown Embalagens Metálicas da Amazônia’s partnership with Socorro Bebidas to introduce a new line of flavored mineral water packaged in aluminum cans aligns with the market’s shift towards unique and sustainable packaging options. Similarly, DASANI’s commitment to 100% recycled PET plastic bottles represents a significant milestone in reducing the carbon footprint and enhancing recyclability within the sector.
The report segments the market to enable a granular understanding of various dynamics across:
- Product Types like still, carbonated, flavored, and functional bottled water
- Material Types including plastic, aluminum, and glass
- Geographical Regions covering North America, Europe, Asia Pacific, South America, and the Middle East & Africa
This comprehensive analysis of the bottled water packaging market sheds light on the current trends, growth drivers, and the competitive landscape, providing stakeholders with vital insights for strategic planning and decision-making.
|No. of Pages
|2021 – 2028
|Estimated Market Value (USD) in 2021
|Forecasted Market Value (USD) by 2028
|Compound Annual Growth Rate
By Product Type
- Still Bottled Water
- Carbonated Bottle Water
- Flavored Bottle Water
- Functional Bottle Water
By Material Type
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Asia Pacific
- South Korea
- Alpack Packaging
- Alpha Packaging
- Amcor Limited
- Ball Corporation
- Graham Packaging Company
- Greif Inc.
- Plastipak Holdings Inc.
- Sidel International
- Silgan Holdings Inc.
- Tetra Pak International SA
For more information about this report visit https://www.researchandmarkets.com/r/y2ur90
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
- Bottled Water Packaging Market