Topic: Bottled water market worldwide (2024)

FAQs

What is the market for bottled water? ›

The global bottled water market size was estimated at USD 303.95 billion in 2022 and is expected to reach USD 325.83 billion in 2023.

The global Bottled Water market was valued at USD 773240 million in 2020 and is expected to reach USD 1393920 million by the end of 2027, growing at a CAGR of 8.8% during 2021-2027. This report focuses on Bottled Water volume and value at the global level, regional level and company level.

The bottled water market globally is rapidly growing with approximately 550 million households consuming bottled water in 2024. That's more than 446 Billion litres of water per year or 1 million bottles per minute. As a consequence, our oceans are literary swimming in plastic.

The water bottling process releases 2.5 million tons of carbon dioxide into the atmosphere annually. Disposable water bottle waste washes into the ocean, killing 1.1 million marine creatures yearly.

In the bottled water market in 2023, the United States generated the highest revenue at approximately 94 billion U.S. dollars. China and Germany followed in second and third place with around 73 and 21 billion U.S. dollars, respectively. In terms of consumption volume, China was the leading market.

Drinking water – tap, filtered, or bottled – is important for healthy hydration and plays a vital role in people's lives. Consumers choose bottled water for several reasons, including taste, quality, and convenience.

Tap water is carefully prepared to be drinkable, but it goes through a lot to get to your faucet that can add contaminants and impurities back into it after it has been filtered. Bottled water is safe from these issues as it goes into the bottles in its purest form, clean of any debris or impurities.

The Global Bottled Water Products market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

The global bottled water market size surpassed USD 302 billion in 2022 and is expected to rise around USD 503.05 billion by 2032, poised to grow at a CAGR of 5.24% from 2023 to 2032.

Today bottled water is consumed all around the world but the rate of consumption varies greatly from country to country. No one will be surprised to learn that the four countries that consume the most are the USA, China, Indonesia and Canada.

Who uses bottled water? ›

YouGov Profiles shows that daily bottled water drinkers are pretty evenly spread throughout the over-25s – making up 30% of 25-39 year-olds, 31% among those aged 40-59 and 26% of the 60+ bracket.

Globally, 70 percent of freshwater withdrawals are used for agriculture. However, water requirements vary significantly depending on food type. The charts show the global average freshwater withdrawals in liters per kilogram of food product, per 1000 kilocalories, and 100 grams of protein.

Recently, researchers have found microplastics and arsenic in bottled water. As plastics gradually break down, they can form tiny particles known as microplastics and even smaller particles known as nanoplastics.

Companies that manufacture, distribute and sell bottled water products employ approximately 227,477 Americans, paying them $10 billion in wages and benefits. From large cities to small towns, the U.S. bottled water industry is a critical component of our nation's economy and infrastructure.

Global Bottled Water Market Insights

Global Bottled Water Market size was valued at USD 283 billion in 2021 and is poised to grow from USD 308.1 billion in 2022 to USD 509.2 billion by 2030, growing at a CAGR of 7% in the forecast period (2023-2030).

As consumers prioritize health and convenience, the demand for bottled water is expected to continue to rise. Additionally, the focus on premium and functional waters, sustainable packaging solutions, and the need for safe drinking water in certain regions will shape the future of the market.

Water Bottle Market size was valued at USD 8.2 billion in 2022 and is anticipated to register a CAGR of over 4.5% between 2023 and 2032 due to the increasing health awareness. With a growing focus on personal well-being, consumers are increasingly choosing water as a healthier beverage option over sugary alternatives.

Bottled water's total volume sold in 2022 was 15.9 billion gallons, its highest volume ever, surpassing carbonated soft drinks for the seventh year in a row. In terms of retail dollars, 2022 sales approached $46 billion, up from $40.8 billion in 2021.

Bottled Water Industry Report

Distribution is mainly through off-trade channels like supermarkets, with a notable preference for functional water in North America. The competitive landscape is marked by innovation in products, packaging, and marketing to cater to health-conscious consumers.