Albany, NY -- (SBWIRE) -- 06/29/2018 -- Globally, the demand for bottled water has been growing due to increasing health and wellness concerns. One of the major reason is that it is the most convenient sources of water as it is available in various convenient packages, which enable consumers to carry them easily. Recently, a fresh market intelligence study titled "Global Bottled Water Market (Value, Volume): Analysis By Type (Still, Sparkling, Spring), By Region, By Country: Opportunities and Forecast (2018-2023)" has been publicized to its vast repository. Moreover, factors that affect the market such as drivers, restraints, and trends have been deliberated.
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This 174-pages study provides information on the basis of different parameters. Some of the prime aspects of the study include market size and growth, trends and strategies, segmental analysis and regional overview. The regional analysis section offered in the study presents data on sales, revenue and market share of bottled water, for each region, from 2012 to 2017 and forecast to 2023. Some of the major findings from the report covers-
- According to the key evaluations, global bottled water market is projected to display a robust growth symbolized by a CAGR of 10.67% by value during 2018-2023, chiefly driven by increasing demand for pure drinking water and rising penetration of leading companies across the globe.
- In the present time, bottled water manufacturers are presenting new products in the market with health benefits and new flavors. It is resulting in several product launches in the bottled water market. The new products are offering functional benefits, convenience and better taste which are preferred by consumers. This is one of the prime factors prompting the market growth of bottled water.
- Furthermore, the research observes that the Asia Pacific is expected to grow at the fastest rate, mainly driven by increasing young working population, rising number of water-borne diseases, growing concerns over the safety & purity of tap water, surging manufacturing units in the region. For each regional market, the study has covered and analyzed the potential of the market and provides statistics and information on market size (based on value and volume), shares and growth factors.
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- As the research proceeds, the market has been segmented on the basis of type of bottled water, including still, sparkling and spring. Of these, still water is the largest sub-segment of bottled water.
The final section of the report deals with the competitive landscape which highlights the key players that are operating in the market. They are Nestle Waters, Parle Bisleri, Coca Cola, Pepsi, Danone Waters, and Fiji Water.
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