Bottled Water Market: Surging Demand and Global Expansion Propel Growth

LOS ANGELES - June 21, 2023 - PRLog -- Introduction
The global bottled water market is experiencing a significant upswing, driven by increasing health consciousness, convenience, and a demand for customization. This surge in demand has resulted in substantial growth, with the market value rising by 9.9% from USD 227.12 Billion in 2018 to USD 249.04 Billion in 2019. However, challenges in improving public water supplies by governments pose a threat to the U.N. goal of achieving safe drinking water for all by 2030.

Regional Dominance: Europe and the US Lead the Global Bottled Water Market
Europe and the US dominate the bottled water market, accounting for over 50% of its value. However, companies eye Asia and the Middle East for expansion, with China's rapid sales growth presenting attractive opportunities.

Premium Bottled Water Gains Strong Momentum in Europe, Targeting High-Income Consumers
In Europe, the market for premium bottled water is witnessing strong growth, especially in Western Europe. Premium bottled water commands a higher price and is targeted toward high-income consumers who prioritize quality and exclusivity. This trend is further fueling the growth of the bottled water market in Europe.

Tourism Impact: Rising Global Tourism Bolsters the Bottled Water Market
Global tourism, contributing 10.3% to GDP, drives the bottled water market. Travelers' demand for safe and convenient water fuels growth and creates opportunities.

Technological Advancements: Innovations Propel Bottled Water Market Growth
Technological advancements play a vital role in the growth of the bottled water market. Clear Water Manufacturing, for instance, has developed a machine capable of filtering, filling, and capping over 300 bottles per hour. Such innovations not only improve production efficiency but also contribute to meeting the increasing demand for bottled water.

Comprehensive Analysis and Insights on the Bottled Water Market
Makreo Research's report, titled "Bottled Water Market Analysis, Size, Share and Forecast (2018-2028)," provides a comprehensive analysis of the market. The report examines demand, production data, and industry trends, offering valuable insights to industry stakeholders.

For more information or to obtain a sample copy of the report, Click Here-
Bottled Water Market Analysis, Size, Share and Forecast (2018-2028) (https://www.makreo.com/report/bottled-water-market-analys...)

Conclusion
The bottled water market is witnessing a surge in demand driven by factors such as health consciousness, convenience, and customization. With Europe and the US leading the market, companies are increasingly eyeing developing markets like Asia and the Middle East.

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