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Bottled Water Market Growth Projections
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Overview
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The global bottled water market is projected to reach USD 303.95 billion in 2022 and grow at a CAGR of 5.9% from 2023 to 2030. Increasing health concerns and water scarcity are driving demand, with still water and functional water segments dominating the market. The off-trade segment holds the largest revenue share, but the on-trade channel is expected to grow rapidly. PET packaging is dominant, with Asia Pacific and North America being key contributors to the market.
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How might the dominance of the still water and functional water segments impact the overall bottled water market?
How might the growth of the on-trade channel affect traditional retail distribution channels in the bottled water market?
What strategies can companies employ to address the increasing demand for bottled water amidst health and environmental concerns?
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