Global Demand for Bottled Water Market Is Going to Reach 465.12 Billion Liters by 2020
According to the report, the global bottled water market stands to grow from a volume of 267.91 billion liters in 2013 to 465.12 billion liters by 2020, registering an 8.3% CAGR during that period.
On the basis of product type, the market for bottled water is categorized into carbonated, still, functional, and flavored. In 2013, still bottled water held the largest share of the revenue at 64.9%, with carbonated bottled water following suit at 22.9%. Carbonated bottled water, however, is projected to lose market share over the coming years. Rise in the health-conscious population around the globe is anticipated to boost the demand for functional and flavored bottled water.
Geographically, the bottled water market is segmented into North America, Europe, Asia Pacific, and Rest of the World. In 2013, Asia Pacific dominated the global market with a 33% share, driven by its growing population, increasing health awareness, rise in disposable income, and introduction of innovative packaging solutions.
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