Bottled Water Packaging Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023
Market Research Future published a raw research report on Global bottled water packaging market that contains the information from 2015 to 2023. Global Bottled Water Packaging Market is expected to grow at CAGR ~5.27% from 2017 to 2023.
Taste the market data and market information presented through more than 55 market data tables and 45 figures spread in 111 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Bottled water Packaging Market Information from 2017 to 2023"
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Consumers are looking for beverage choices among other bottled drinks. Environmental awareness and stewardship and sustainable practices will continue and become a growing part of business model for the growth of the market. A wide variety of bottle packaging is made from plastic, due to its convenience and hygienic qualities. One of the main reasons plastic is such a popular material is its low cost. It is also lightweight, flexible, unbreakable and durable. At global level, packed water industry is considered as a significant contributor in the beverage industry, and accounts for over 80 billion liters per PET Bottles in the global market. Apart from bottled water, there is also a large market for plastic pouches, especially in the states of Tamilnadu and Gujarat. Among several other factors, general trend towards a healthier lifestyle is the key attribute. Concerns over the quality of public water supplies in various countries around the globe have also added significant support.
The global tube packaging market is segmented on the basis of materials (Plastics, Glass, and other), products (Well Water, Distilled Water, Mineral Water and Others), applications (Municipal, Industrial and Others) and geographies (North America, Europe, Asia Pacific and RoW). MRFR analysts observed that North America would grow at rapid pace in the forecast period. Owing to health awareness among age groups, North America is expected to experience higher growth throughout the forecast period. Bottled water packaging market is expected to grow at a CAGR of more than 5.27%.
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Many new bottled water products reflect a broader culinary trend toward bold and original flavors, such as the popularity of flavor additives and more options for sparkling water (Carbonated water). European consumers have long been drinking sparkling water, almost like a status symbol. The emerging countries such as India, China, and Indonesia are continuously investing in infrastructure development projects. Asia Pacific market is the most attractive, because of the high cash inflows from the infrastructure business and equipment utilization. Due to high investment, there is greater opportunity for the emerging nation in bottled water packaging market. With smaller packaging sizes, multi-packs, and situational package types, packaging innovations have become the norm for bottled packaging companies looking for new ways to meet consumers changing demands and attract consumers. That will continue to be a major trend in the industry, in the forecast period. According to study in 2016, India's top bottled water brands are Bisleri, PepsiCo's Aquafina, and Coca-Cola's Kinley. Coca-Cola re launched global water brand Bonaqua in May. The costs of purifying, bottling, advertising, transporting and storing bottled water can trickle down to the cost of the water itself. This means the product is significantly more expensive than tap water.
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We recognize the key players in the global bottled water packaging market as 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.)
This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global Bottled water Packaging market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
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