What is the trend in consumption of bottled water?
According to an article published in Beverage Industry in September 2021, sales of bottled water grew by 4.7% in 2020.
What is the future of the bottled water industry?
Market Overview Global Bottled Water Market is projected to register a CAGR of 6.2% during the forecast period (2022 – 2027). The demand for bottled water rose in the initial months of lockdown stemmed from the stockpiling attitude of consumers in anticipation of lockdowns and scarcity.
How bottled water consumption have changed over the years?
Americans consumed 15 billion gallons of bottled water in 2020, up 4.2 percent from 2019 (compared to 3.7 percent increase the previous year). That means, on average, each American drank 45.2 gallons of bottled water in 2020, a 3.5 percent increase over the previous year.
Why is there such a high demand for bottled water?
Increasing demand for bottled water owing to the rising scarcity of fresh and pure drinking water across the globe is driving the market. Factors such as health benefits with added minerals and nutrients are likely to fuel the demand for bottled water over the forecast period.
What is the future outlook of plastic water bottles?
The bottled water packaging market was valued at USD 181.70billion in 2020 and is expected to reach USD 278.31 billion by 2026, at a CAGR of 6.86% over the forecast period 2021 – 2026.
Are bottled water sales increasing?
Americans consumed 15 billion gallons of bottled water in 2020, up 4.2 percent from 2019 (compared with 3.7 percent increase the previous year). That means, on average, each American drank 45.2 gallons of bottled water in 2020, a 3.5 percent increase over the previous year.
Why is the demand for bottled water so high?
Post-consumer PET and HDPE plastic is in huge demand by industries because they want to use that recycled plastic to make more products. Many bottled water companies use recycled PET and HDPE plastic to create new bottles, which reduces the need for virgin plastic.
How do I market my bottled water business?
5 ways to use promotional water bottles to market your brand
- Personalize your water bottles for select customers.
- Give the promotional water bottles away at charity runs.
- Give the bottles out as limited freebies.
- Give the bottles to the local sports team.
- Use the water bottles as social media giveaways.
What are the latest trends in bottled water?
To further gain markets, trends in bottled water include new product development, wide spread marketing and packaging efforts, and the emergence of new industries tapping into bottled water.
What factors are driving the growth of the bottled water market?
Besides this, the easy availability of smart vending machines for bottled water in numerous counties is positively influencing the market growth. Additionally, the growing focus on introducing lightweight, eco-friendly packaging solutions is anticipated to create lucrative opportunities for manufacturers.
How big is the bottled water industry?
The bottled water industry is now growing at 8% to 10% annually – about twice as fast as other beverages. In fact, in 2003 bottled water became the second largest commercial beverage category by volume in the United States, surpassing milk, coffee, beer, and is now second only to carbonated soft drinks.
Where can I find information about bottled water consumption statistics?
The files below link to Beverage Marketing Corporation’s annual industry update for IBWA’s membership magazine, Bottled Water Reporter. For more information about bottled water consumption statistics, visit the Beverage Marketing Corporation’s website.