Albany, NY -- (SBWIRE) -- 09/29/2014 -- According to a new market report published by Transparency Market Research " Bottled Water Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", the market was valued at USD 11.16 billion in 2012, and is expected to reach USD 15.90 billion by 2019, growing at a CAGR of 5.2% from 2013 to 2019. Lack of adequate power infrastructure and increasing demand for reliable electricity delivery are the major driving forces of this market.
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Transparency Market Research Reports included a detailed market survey and analysis trends on “Bottled Water Market”. This report also includes more info about basic overview of the industry including definitions, applications and global market industry structure.
Bottled water market is one of the rapidly growing and competitive markets worldwide. It plays a significant role in solving the water pollution problems by providing safe and purified drinking water to people. Growing concerns about personal health and increasing promotional activities are some of themajor factors driving the market growth. Rise in water pollution level is encouraging the use of water filters or bottled water for daily for daily use, thus contributing to the market growth.
Tremendous growth in population, increasing disposable income, poor quality tap water, rampant water pollution, panic water buying triggered by chemical spills, and impact of natural calamities on water resources are some other important factors boosting the growth of bottled water industry. As this market shows tremendous growth potential, more number of players are entering in this market through acquisition, launch of flavored water, improved packaging, thus increasing competition in market. Consumer spending patterns and improving lifestyle of people is equally responsible for upsurge demand for bottled water in developed economies. This market is expected to reach $65.9 billion value by the end of the year 2012.