PUBLISHER: KBV Research | PRODUCT CODE: 1500851
PUBLISHER: KBV Research | PRODUCT CODE: 1500851
The North America Still Bottled Water Market would witness market growth of 4.8% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 21,196.02 million units (1 Litre), showcasing a growth of 11.8 % (2020-2023).
PET (Polyethylene Terephthalate) type still bottled water is widely used for its convenience, portability, and durability. It serves as a convenient hydration solution for consumers on the go, offering a reliable source of clean drinking water in a lightweight and easily transportable packaging format. Thus, the Canada market would utilize 5,012.30 million units (1 Litre) of PET (Polyethylene Terephthalate) type still bottled water by 2031.
The US market dominated the North America Still Bottled Water Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $101,593.5 million by 2031. The Canada market is experiencing a CAGR of 7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2024 - 2031).
The demand for it has surged as consumers have become more aware of the health benefits of adequate hydration. Unlike sugary soft drinks and other beverages laden with calories and artificial ingredients, this offers a pure, calorie-free option that appeals to health-conscious individuals.
Additionally, shift towards healthier beverages is also influenced by the growing prevalence of lifestyle-related diseases such as obesity, diabetes, and cardiovascular ailments, which have prompted many to reconsider their dietary choices.
Hydration has become a top priority for individuals in North America as a result of the increasing emphasis on health and wellness. Still bottled water offers a healthy and calorie-free alternative to sugary drinks, appealing to health-conscious consumers. In the United States, the tourism and travel industry also boost the demand for it.
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 U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
North America 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 Country (Volume, Million Units (1 Litre), USD Billion, 2020-2031)