The Asia Pacific Still Bottled Water Market would witness market growth of 5.9% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 19,215.15 million units, showcasing a growth of 12.8% (2020-2023).
Glass-type still bottled water offers a premium and eco-friendly option for consumers seeking purity and sustainability in their hydration choices. Unlike plastic bottles, glass containers maintain the natural taste and quality of water without imparting any unwanted flavors or chemicals. Thus, the China market would utilize 2,271.14 million units (1 Litre) of glass type still bottled water by 2030.
The China market dominated the Asia Pacific Still Bottled Water Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $25,787.3 million by 2031. The Japan market is registering a CAGR of 5.4% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.7% during (2024 - 2031).
Another substantial factor that contributes to the market's expansion is the perception that bottled water is a more dependable and secure source of hydration than tap water. Water quality and safety concerns persist in many regions, driving consumers to seek bottled water as a trustworthy alternative.
Moreover, this is particularly pertinent in developing nations, where contamination risks and infrastructure deficiencies may jeopardize the safety of tap water. Even in developed nations, incidents of water contamination and aging infrastructure can occasionally lead to tap water being perceived as unreliable, thereby boosting bottled water sales.
Many Asian countries are investing heavily in tourism infrastructure, leading to the development of new resorts, hotels, and transportation networks. This increased tourist activity creates a higher demand for bottled water, particularly in areas where tap water quality might be uncertain for visitors. In South Asia, tourism is a major economic driver, with over 490 million international tourists visiting in 2018, as reported by the World Bank.
Free Valuable Insights: The Global Still Bottled Water Market is Predict to reach USD 388.4 Billion by 2031, at a CAGR of 5.3%
Based on Bottle Type, the market is segmented into PET, and Glass. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Grocery Stores, Online, and Others. Based on Size, the market is segmented into 0.5 Liters to 1.0 Liters, More than 1.5 Liters, Up to 0.5 Liters, and 1.0 Liters to 1.5 Liters. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Bottle Type (Volume, Million Units (1 Litre), USD Billion, 2020-2031)
By Distribution Channel (Volume, Million Units (1 Litre), USD Billion, 2020-2031)
By Size (Volume, Million Units (1 Litre), USD Billion, 2020-2031)
By Country (Volume, Million Units (1 Litre), USD Billion, 2020-2031)
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