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Packaged Water Market Size To Reach $509.18Bn By 2030

Packaged Water Market Size To Reach $509.18 Billion By 2030

January 2025 | Report Format: Electronic (PDF)

Packaged Water Market Growth & Trends

The global packaged water market is anticipated to reach USD 509.18 billion by 2030, expanding at a CAGR of 6.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. increasing health awareness, and rising disposable income are the key factors that are driving the market growth.

The increasing health awareness is driving people to add nutrition in their diet. Factors such as poor quality of tap water, risk of water borne diseases, and ease of availability of packaged water has increased the demand for packaged water. Companies have positioned and advertised packaged water as pure and healthy option; therefore, fueling market growth. In addition, the launch of new products such as flavored water and functional water has increased the urge of customers to prefer such drinks than carbonated drinks. Flavored water and functional water contain certain amount of nutrients that help people intake more fluids. Consumption of bottled water has increased over the last decade as US sales of carbonated soft drinks, particularly colas, have steadily declined. The decline is mainly driven by consumer concerns about soda sugar content and increased awareness of obesity and diabetes rates, as well as perceived health risks associated with some artificial sweeteners.

Presence of untapped opportunities in emerging countries such as Brazil and Mexico are expected to propel the growth of packaged water market during the forecast period. Rise in consumer awareness and adoption of healthy practices in the region are key contributors to the market growth in these regions.

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Packaged Water Market Report Highlights

Still water dominated the global market, accounting for a revenue share of 72.6% in 2023. Still water is the most common form of water available for consumers at an attractive pricing, driving steady sales in this segment.
The off-trade segment accounted for a dominant revenue share in 2023. Packaged water is widely available in supermarkets, convenience stores, and groceries, making it easy for consumers to purchase this product during regular shopping trips.
The PET segment accounted for the largest revenue share in the market in 2023. PET is a lightweight and durable material that is extensively being utilized in bottled water packaging processes globally.
Asia Pacific accounted for a leading revenue share of 45.3% in the global market in 2023. The demand for convenient and safe drinking water has increased in the region, owing to rapid industrialization and urbanization in regional economies.