“Global Still Bottled Water Market to reach a market value of USD 388.4 Billion by 2031 growing at a CAGR of 5.3%”
The Global Still Bottled Water Market size is expected to reach $388.4 billion by 2031, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 81,162.12 million units (1 Litre), experiencing a growth of 12.3% (2020-2023).
North American consumers are increasingly health-conscious and prioritize staying hydrated. Bottled water is perceived as a convenient and healthy way to meet these needs. Thus, the Morth America region acquired 37.8% revenue share in the market 2023. In terms of volume the North America region would attain a volume of 47,069.34 million units (1 Litre) by 2031. The fast-paced lifestyle in North America fuels the demand for convenient on-the-go hydration options. Bottled water perfectly fits this need, with its portability and readily available single-serve sizes. Consumers in North America generally have higher disposable income compared to some other regions.
The rapid pace of global urbanization is a significant driver of the growing demand for bottled water. Urban populations are swelling as more people migrate to cities for better job opportunities, education, and lifestyle amenities.
Additionally, the surge in global tourism and travel significantly drives the demand for still bottled water. According to the United Nations World Tourism Organization (UNWTO), international tourist arrivals reached 1300 million in 2023. Thus, the increasing tourism and travel activities worldwide significantly drive the demand for bottled water.
However, the market faces significant competition from various alternative hydration solutions. One of the primary competitors is filtered water, which has gained substantial popularity among consumers. Hence, the market is facing significant competition from a diverse range of alternative hydration solutions.
On the basis of bottle type, the market is classified into PET and glass. The PET segment acquired 75.5% revenue share in the market in 2023. In terms of volume the PET segment would register a volume of 1,01,700.91 million units (1 Litre) by 2031. PET bottles are incredibly lightweight compared to glass or even aluminum alternatives.
By distribution channel, the market is divided into supermarkets & hypermarkets, convenience stores, grocery stores, online, and others. The supermarkets & hypermarkets segment procured 41.5% revenue share in the market in 2023. In terms of volume the supermarkets & hypermarkets segment would attain a volume of 55,611.34 million units (1 Litre) by 2031.
Based on size, the market is characterized into up to 0.5 liters, 0.5 liters to 1.0 liters, 1.0 liters to 1.5 liters, more than 1.5 liters. The 0.5 liters to 1.0 liters segment garnered 52.4% revenue share in the market in 2023. In terms of volume the 0.5 liters to 1.0 liters segment would attain a volume of 60,275.28 million units (1 Litre) by 2031.This size range offers a comfortable middle ground.
Free Valuable Insights: Global Still Bottled Water Market size to reach USD 388.4 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment witnessed 23.5% revenue share in the market in 2023. In terms of volume the Aisa Pacific region would attain a volume of 35,043.19 million units (1 Litre) by 2031. As economies in the Asia Pacific region develop, disposable income is rising.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 260.1 Billion |
| Market size forecast in 2031 | USD 388.4 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 5.3% from 2024 to 2031 |
| Quantitative Data | Volume in Million Units (1 Litre), Revenue in USD Billion, and CAGR from 2020 to 2031 | Number of Pages | 387 |
| Tables | 730 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Bottle Type, Distribution Channel, Size, Region |
| Country scope |
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| Companies Included | PepsiCo, Inc., Nestle S.A., Danone S.A., The Coca-Cola Company, Nongfu Spring Co., Ltd., Mountain Valley Spring Company, LLC (Primo Water Corporation), Gerolsteiner Brunnen GmbH & Co KG, VOSS of Norway AS (Reignwood Group), National Beverage Corporation (IBS Partners, Ltd.), and The Wonderful Company LLC (Fiji Water Company LLC) |
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 Geography (Volume, Million Units (1 Litre), USD Billion, 2020-2031)
The Market size is projected to reach USD 388.4 billion by 2031.
Rising urbanization and disposable income are driving the Market in coming years, however, Competition from alternative hydration solutions restraints the growth of the Market.
PepsiCo, Inc., Nestle S.A., Danone S.A., The Coca-Cola Company, Nongfu Spring Co., Ltd., Mountain Valley Spring Company, LLC (Primo Water Corporation), Gerolsteiner Brunnen GmbH & Co KG, VOSS of Norway AS (Reignwood Group), National Beverage Corporation (IBS Partners, Ltd.), and The Wonderful Company LLC (Fiji Water Company LLC)
In the year 2023, the market attained a volume of 81,162.12 million units (1 Litre), experiencing a growth of 12.3% (2020-2023).
The Convenience Stores segment is leading the Market 2020 in 2023; thereby, achieving a market value of $86.7 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $141.5 billion by 2031.
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