As per the report titled ‘Global Packaged Water Market, 2021-2027’ available with MarketStudyReport, global packaged water market is anticipated to grow with a CAGR of 4.6% through 2027.

 

Focus on gaining access to safe drinking water, easy portability, and increasing consumer preferences for mineral & vitamin-rich water are propelling the growth of global packaged water market. With increasing health awareness worldwide, it is observed that there is a swift change in the lifestyle of consumers, which is significantly boosting the product demand.  

 

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Rising concerns about obesity rate is compelling the consumers to switch from high-calorie carbonated drinks to healthier alternatives. Frequent launch of new products, and availability of wide range of substitutes are also adding to the development of the marketplace. 

 

However, hazardous impact of packaged water on the environment affects is restraining the market growth. Most packaging are non-recyclable, and improper disposal of such packages leads to over-flooding of landfills. This has encouraged governments across the globe to impose stricter regulations regarding recyclable packaging, which has affected the market severely.

 

Based on product terrain, global packaged water market is categorized into carbonated, functional, still, and flavored. While regionally bifurcation includes North America, Asia Pacific, Europe, Middle East & Africa, and South America, with emphasis on nations like the United States, Mexico, Canada, Brazil, Argentina, Colombia, Argentina, Chile, South Africa, Israel, UAE, Nigeria, Egypt, Iran, Saudi Arabia, Turkey, Thailand, Taiwan, Indonesia, Australia, Korea, India, China, Japan, Spain, Russia, Italy, France, UK, and Germany. 

 

Speaking of competitive arena, companies like The Coca-Cola Company, Danone Inc., Shenzhen Ganten Food & Beverage Co. Ltd., Hangzhou Wahaha Group, Nongfu Spring Co. Ltd., PepsiCo Inc., China Resources C'estbon Beverage (China) Co. Ltd., and Nestle Waters are amongst the top players in the global packaged water market. These industry players are undertaking various R&D initiatives and collaborations & acquisitions in order to amplify returns and expand regional footprint.