May 17, 2018: Heraldkeeper.com: The Global bottled water packaging market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of bottled water packaging will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2023).
MarketResearchFuture.com added New Report Named “Bottled Water Packaging Market 2018: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation By Material (Plastics, Glass and other), By Product (Well Water, Distilled Water, Mineral Water and Others), By Application (Municipal, Industrial and Others) and Region | Outlook to 2023” to its Database.
Global Bottled Water Packaging Market – Overview
The high demand for bottled water packaging is due to the growth in the increasing usage of recyclable packaging material to reduce hazardous material in the environment and changing lifestyle of consumers. A bottled water is drinking water packaged in plastic bottles. Moreover, increasing living standards, disposable income, education and awareness among consumers boosts the market growth. Premium bottled water offerings are estimated to gain higher popularity during the forecast period. Focus towards high-quality products & the changing lifestyle of consumers and increasing spending power, enhance the growth of the global bottled water packaging market.
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The global bottled water packaging market is completely dependent on the growing urbanisation. Thus, the increasing or decreasing demand of the end-user lifestyle has directly has an impact on the market. Moreover, the increase in the sales of premium-quality product has mainly been because of options available for finance. The availability of finance has eased the high quality beverages, due to which there has been a rise in the use of bottled water packaging market. Another factor responsible for the increase in vehicle sales is the macroeconomic development and the rise in the global middle class consumers. This is the primary factor that drives the growth of the global bottled water packaging market and has gained prevalence in the recent times, with population growth, increase in prevalence of waterborne diseases, and scarcity of tap water. Thus, the growth of the global bottled water packaging market is expected to go hand in hand with the growth of premium quality beverages.
The bottled water packaging market as a whole is a very dynamic industry. The growth of bottled water packaging market is influenced by the recyclability and awareness, among consumers. Development of new and diversified technologies require constant research & development support thus resulting in extensive capital investment at a constant rate. Lightweight packaging is popular among the consumers as it helps in the significant reduction of transportation costs, leading to increased profits. The key driving factors in packaging industries are coupled with innovative packaging. In the current scenario, the government has undertaken various initiatives for the packaged water market to improve health standards. The governments have invested in the seawater desalination and wastewater treatment, which is expected to drive the package water market.
Amcor Ltd. (Australia), SKS Bottle & Packaging Inc. (U.S.), Greif, Inc. (U.S.), Silgan Holdings (U.S.), ExoPackaging (India), American Pacific Corporation (U.S.), Berry Global, Inc. (U.S.), CKS Packaging (U.S.), Sidel Group (Italy) and Kaufman Container (U.S.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global bottled water packaging market.
Industry/ Innovation/ Related News:
November, 2017 – Consolidated Container Company (“CCC”) acquired all the assets of the U.S.-based polycarbonate water bottle business from Greif Packaging LLC, a subsidiary of Greif, Inc.
April, 2017 – Amcor Rigid Plastics opened new manufacturing plant facility in Texas with investment of 7 million dollar.
January, 2014 – American Pacific Corporation acquired by investment funds managed by H.I.G. Capital, LLC.
Global Bottled Water Packaging Market – Segmentation
The global bottled water packaging market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Material : Comprises Plastics, Glass and Other
Segmentation by Product Type : Comprises Well Water, Distilled Water, Mineral Water and Others
Segmentation by Application : Comprises Municipal, Industrial and Others
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Bottled Water Packaging Market: Regional Analysis
North America market is dominating the market of global bottled water packaging market due to growth in health awareness, higher standard of living, and rising demand and consumption of bottled water. According to the International Bottled Water Association (IBWA) and the Beverage Marketing Corporation (BMC), Americans are drinking more bottled water than any other packaged beverage.
Asia-Pacific is referred to as the second-largest bottled water packaging’s market due to factors such as rising population & increasing purchasing power of consumers in developing regions have fuelled the demand for bottled water packaging market.
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