Increasing health awareness and adverse risks from consumption of unprotected portable water are fueling the demand for safer and more hygienic bottled water.

New York, NY -- (SBWire) -- 09/12/2017 --Demand for bottled water in the US is anticipated to be influenced by increases awareness about health benefits of drinking mineral water. The high content of nutrition in packaged or bottled water remains a major factor safeguarding millions of lives in the US.

In addition, the latest data released by Persistence Market Research (PMR) reveals in 2017 and beyond, consumption of packaged water in the US is expected fall, reflecting as sluggish growth. As per the PMR findings, the market for bottled water market in the US is set to reach a valuation of US$ 22,226.2 Million over 2024, witnessing a 4% CAGR.

Opposed to the popular opinion, consumption of bottled water in the country is expected to lose ground owing to increasing adoption of advanced water distribution and purification systems. Currently, the market is valued at US$ 16 Billion and is expected to be driven by certain factors that include:

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Stringent Regulations limiting Production opportunities of Packaged Water: Unfavorable US regulatory norms are expected to hinder the growth of bottled water market in the country. These stringent regulations are aimed at implementing eco-friendly procedures of manufacturing bottled water in the country. Resolute implementation of such regulations is anticipated to limit the market growth.

The impact of Environment: Incidentally, the local authorities in the state of San Francisco detained the sale of water packed in plastic bottles in 2016 as a measure to control environment degradation. Companies processing massive volumes of package water partly contribute to environmental altercation by extensive water extraction and excessive use of non-bio degradable substances such as polymerised materials.

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PMR also identified a riveting factor referring to the introduction of greener packaging materials in manufacturing containers. The market for bottled water in the US is estimated witness a timely growth when manufacturers will adopt to more eco-friendly and efficient alternatives for plastic bottles.

This could be achieved by using 100% recycled PET bottles, for instance, Nestle Waters is one of the leading producers of bottled water in the country that has adopted a similar manufacturing procedure. Some of the other key players operating in the US bottled water market include CG Roxane, LLC., Mountain Valley Spring Company, LLC., PepsiCo, Inc., Groupe Danone, Suntory Beverage & Food Ltd., and The Coca-Cola Company.

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As per the PMR data, consumption of bottled water products surpassed 10,000 million units in 2016. In 2017 and beyond, the 3-gallon bottled water product is expected to remain the predominant segment of the market in the country. HDPE materials will account for more than 50% share of the market owing to strict environmental regulations limiting the use PET bottles.

Through 2024, screw caps and Snap-On caps is expected account for over 70% revenue share of the market. Nonetheless, supermarkets will continue to be the largest bottled water distribution channel in the country, commanding for more than 35% share in terms of value by the end of 2024.

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