PUBLISHER: KBV Research | PRODUCT CODE: 1500823
PUBLISHER: KBV Research | PRODUCT CODE: 1500823
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.
Bottle Type Outlook
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.
Distribution Channel Outlook
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.
Size Outlook
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.
By Regional Analysis
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.
List of Key Companies Profiled
Global Still Bottled Water Market Report Segmentation
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)