Bottled Water Market Research Till 2024
Albany, NY -- (SBWIRE) -- 12/17/2018 -- Bottled Water Market had gained revenue worth US$198.5 bn in 2017, which is further expected to grow up to US$307.2 bn by 2024. This growth is projected to occur at a splendid CAGR of 6.44% during the forecast period from 2017 to 2024. In terms of volume, an estimated demand of 528.2 bn liters of bottled water could be sold by the end of 2024.
Key Takeaways:
Bringing about extensive innovations in bottled water manufacturing processes, and striving towards increasing awareness among masses regarding benefits of using recycled bottles are prime strategies implemented by businesses working in the global bottled water market.
A rising awareness for drinking pure and clean water among masses all over the globe is majorly driving the global bottled water market.
Request For Report Brochure For Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=658
Rising Awareness for Drinking Water from Recycled Bottles Drives Market
A rising awareness for drinking pure and clean water among masses all over the globe is majorly driving the global bottled water market. We all know that the environment is degrading more by the day, and to save it from getting worse, it is highly necessary that consumers need to utilize specific goods in certain forms. Using reusable water bottles is one such way that can significantly contribute towards reducing harmful effects caused to the environment, specifically due to excessive garbage dumping. A rising awareness among the masses to use reusable water bottles for reducing plastic utilization is primarily driving the global bottles water market too. Additionally, easy availability and portability of water sold in bottled makes customers prefer buy the bottles instead of other packaged water items, consequently making the market grow at a fast pace.
Obtain Report Details @ https://www.transparencymarketresearch.com/bottled-water-market.html
Global Bottled Water Market: Drives and Restraints
Factors such as increasing health consciousness, hygiene awareness, lack of well-developed public water infrastructure and demand for functional bottled water are expected to fuel revenue and volume growth of the global bottled water market. Bottled water manufacturers are introducing new products with health benefits and new flavors which is resulting several product launches in the bottled water market. The new products offering functional benefits, better taste and convenience are preferred by consumers. Increasing disposable income and consumer preferences for bottled water over aerated drinks and rising demand for functional and flavored water are expected to further fuel demand for bottled water across the world. Globally, the growth of PET bottles sector has led to widespread supply of bottled water, through wide network organized markets as well as several grocery and club stores. These factors are expected to bolster growth of the bottled water market in the near future.