Bottled Water Packaging Market Size Expected to Reach USD 195.59 Bn by 2032

Precedence Research
Precedence Research

The global bottled water packaging market size is calculated at USD 114.11 billion in 2024 and is expected to reach around USD 195.59 billion by 2032, expanding at a CAGR of 6.9% from 2024 to 2032.

Ottawa, May 06, 2024 (GLOBE NEWSWIRE) -- The global bottled water packaging market size was valued at USD 106.68 billion in 2023 and is predicted to hit around USD 182.85 billion by 2031, a study published by Towards Packaging a sister firm of Precedence Research.

Report Highlights: Important Revelations

  • Exploring the lucrative bottled water market in North America.

  • Factors fuelling demand for bottled water packaging in the Asia Pacific.

  • Evaluating eco-friendly alternatives for bottled water packaging.

  • Continuous growth in the market for still bottled water packaging.

  • Tracing the path of bottled water from production to retail.

For the short version of this report @ https://www.towardspackaging.com/personalized-scope/5153

Bottled water is packaged in an extensive variety of containers, such as cartons, bags, cans, glass bottles, and several kinds of plastic bottles. These are mostly single-use items that usually have a capacity of one litre or less. The earliest known cases of water bottling at the Holy Well took place early in the history of the United Kingdom, where this business originated.

The global bottled water industry is expanding rapidly with an estimated 600 million households purchasing bottled water by 2022. That's almost 446 billion litres of water each year, or one million bottles per minute. A major factor contributing to the increase in demand for bottled water is the renewed interest that European and American colonists have shown in spa culture and water therapy. Bottled water has changed significantly throughout the ages, with packaging and flavour profiles changing as a consequence of changes in consumer preferences and brand dynamics.

Today, bottled water firms place a high value on product packaging, recognising its important role in protecting customer health and safety while reducing environmental impact. The materials chosen are carefully considered, with an emphasis on those that provide strong protection without sacrificing sustainability.

Plastic is still a widely used material for packaging since it is strong, lightweight, and recyclable. In contrast to popular belief, all plastic bottles used for bottled water—including the caps—are recyclable. Furthermore, plastic containers usually need less energy during the manufacture, shipping, and recycling processes as compared to other materials like aluminium, cartons, and glass, which increases their attractiveness from an environmental perspective.