Bottled Water Market Size: The global bottled water market size reached US$ 255.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 455.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032. The escalating demand for flavored water, collaborations between bottled water brands and sports and tourism industries, and the convenience of online shopping and direct-to-consumer (DTC) sales channels are some of the major factors propelling the market.
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Global Bottled Water Market Trends:
The heightened emphasis on health and wellness among consumers has augmented the demand for bottled water as it is perceived as a healthier alternative to sugary beverages, thereby propelling market growth. Apart from this, rising environmental concerns and sustainability efforts that prompt companies to adopt eco-friendly packaging solutions like PET bottles and reduce their carbon footprint is another major growth-inducing factor. Furthermore, the convenience and accessibility associated with bottled water have catalyzed market growth as consumers seek on-the-go hydration solutions. Additionally, the rapid expansion of the urban population, particularly in the Asia Pacific region, where elevating urbanization levels and inflating disposable incomes are driving higher consumption rates, is contributing to market growth.