Global Bottled Water Market Marks Quicker Rise of APEJ with Changing Lifestyle of People - Fact.MR
Bottled water has captured the worldwide consumer demand for safe and contaminant-free water in meeting the hydration requirements.
However, presence of BPA and other harmful chemicals in plastic bottles causing behavioral and neurological problems in children is predicted to hamper the growth of the global bottled water market. Stringent approval standards could be another factor delaying the growth of the global bottled water market. Lower cost of tap water and the advent of home water treatment are also expected to challenge the global bottled water market. Nonetheless, rising awareness about diarrhea, food poisoning, malaria, typhoid, and other waterborne diseases is expected to stoke the demand in the global bottled water market. Increasing inclination toward the use of more convenient water sources and adoption of healthy lifestyles could provide the global bottled water market a strong momentum for growth.
Fact.MR envisions the global bottled water market to earn a US$200.0 bn by the end of 2022. Among a number of products offered in the global bottled water market, spring water could gain a larger share as its sales are expected to cross a US$45.0 bn by the end of the forecast period 2017-2022.
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On the other hand, distilled water could show quicker progress in the global bottled water market. There are more segments that the global bottled water market is classified into: tap water, artesian well water/artesian water, sparkling bottled water, mineral water, and purified water.
By sales channel, the global bottled water market is segregated into grocery stores, online retailers, convenience stores, supermarket/