PUBLISHER: KBV Research | PRODUCT CODE: 1500858
PUBLISHER: KBV Research | PRODUCT CODE: 1500858
The Europe Still Bottled Water Market would witness market growth of 5.0% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 23,284.07 million units (1 Litre), showcasing a growth of 12.1% (2020-2024).
Sales of still bottled water in supermarkets and hypermarkets continue to be robust, driven by consumer demand for convenient and readily available hydration options. These retail channels offer a wide selection of still bottled water brands in various sizes and packaging formats, catering to diverse preferences and needs. Thus, the Germany market would sale 3,672.79 million units (1 Litre) of still bottled water by supermarket and hypermarkets by 2031.
The Germany market dominated the Europe Still Bottled Water Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $27,105.7 million by 2031. The UK market is exhibiting a CAGR of 4.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5.9% during (2024 - 2031).
Environmental considerations are also shaping the market. With growing awareness about plastic pollution and its detrimental environmental effects, the industry is under increasing pressure to adopt sustainable practices.
Additionally, many companies also emphasize their commitment to sustainability through various initiatives such as reducing plastic usage, enhancing recycling programs, and promoting recycled materials in their packaging. These efforts cater to the environmentally conscious consumer and align with broader sustainability goals.
In Europe, tourism plays a pivotal role in the economy, with popular destinations like Italy, Spain, and France attracting millions of visitors annually. According to Eurostat, in 2022, Spain was the most visited tourism destination in the EU for international tourists (people traveling outside their country), with 271 million nights spent in tourist accommodation establishments, or 22.4 % of the EU total. Tourists exploring historical sites and cultural landmarks often prefer bottled water for convenience and safety.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe 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)