Bottled Water Packaging Market Size, Share And COVID Impact Analysis, By Material (Plastic, Glass, Metal, and Others), By Product (Still Bottle Water, Carbonated Bottle Water, Flavored Bottle Water, and Functional Bottle Water), And Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI106865 | Status : UpcomingBottled water is considered one of the most consumed beverages due to its convenience. Bottle packaging is also convenient for long-distance water transport. Boiling water at home is time consuming and energy inefficient. This is expected to contribute significantly to the growth of the bottled water packaging market. In emerging markets, it has become an icon of a healthy lifestyle.
Recent improvements in logistics have made it possible to use different types of plastic containers such as polyethylene, polypropylene and polyvinyl chloride to produce different forms of packaged water such as bags, cans, pots, barrels and bottles. The packaging of bottled water depends heavily on the weight and ease of use of the bottle, and plastic fulfils that requirement. The packaging process and the development of multiple packaging alternatives are expected to drive the bottled water packaging market over the forecast period.
The advent of cheap, lightweight, non-reactive PET bottles has transformed the packaged drinking water market and made it affordable to the public. Previously, glass bottles were used for distribution, but the product was limited to aristocrats. Strict water quality regulations and the development of the latest water purification technologies have also contributed to the significant growth of the market.
Impact of COVID-19 on the Bottled Water Packaging Market
The unanticipated adjustments in global markets as a result of the COVID-19 virus's abrupt spread have caused many significant and minor tremors in businesses of all kinds, including the Bottled Water Packaging market. The shutdown of manufacturing facilities due to stringent norms of government resulted in a decline in Bottled Water Packaging production capacity.
Strict restriction rules enacted by the World Government to combat the outbreak of the virus created logistic difficulties for the bottled water treatment sector. This created a new bottleneck in the industry, but customers continues to prefer staple inventory. This helped maintain demand for bottled water during the COVID-19 crisis. In addition, the COVID-19 pandemic had disrupted everything in the packaging industry as production had ceased, customers have become self-reliant at home, and global trade between multiple countries had ceased. The packaging market was facing a slowdown, significantly hampering the production and demand of the global bottled water packaging market.
Key Insights
The report will cover the following key insights:
- Regulatory Scenario of Bottled Water Packaging
- Key Development of Bottled Water Packaging
- Key trends in Bottled Water Packaging Market
- Impact of COVID-19 on Bottled Water Packaging Market
Analysis by material
On the basis of material, the market is segmented into plastic, glass, metal, and others.
- Plastic is the most popular material for making water bottles. Plastic containers are a cheap, lightweight and durable material for making containers.
- Polyethylene terephthalate (PET) is the most commonly used type of plastic and is 100% recyclable.
- According to the National Association of Container Distributors, consumer and corporate pressure on lightweight packaging is driving the growth of polyethylene terephthalate. In addition, lightweight construction is the focus of attention in the bottled water sector. According to the International Drinking Water Association, the average weight of 16.9 ounce PET bottles decreased by 48% between 2000 and 2014 to 9.89 grams. This weight loss has created a market for plastic packaging of bottled water.
Regional Analysis
The global Bottled Water Packaging market has been categorized into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is expected to hold prime share attributed to the presence of large market players and a huge customer base. According to a study by the International Bottled Water Association (IBWA), bottled water is a popular beverage in the United States and is believed to be healthier and safer than tap water. The Asia-Pacific region is the fastest growing regional market for bottled water packaging. Increased awareness of the importance of safe drinking water and lifestyle improvements are key factors driving market growth in the region. In addition, the presence of the PET bottle manufacturing industry in the region is also contributing to the growth of the market. Latin America and Middle East & Africa are expected to record a relatively higher CAGR by the end of the forecast period.
Europe and Middle East & Africa regions are also important markets for the bottled water packaging market. Due to the high standard of living of people, there is a high demand for packaged drinking water. During the forecast period, the Latin America region is expected to grow moderately.
Key Players Covered
The report will include the profiles of key players such as Amcor Plc, Berry Plastics Corporation, Plastipak Holdings, Inc., Graham Packaging Company, L.P., Apex Plastics Inc., Greiner Packaging GmbH, CKS Packaging, Inc., Peninsula Packaging, LLC, Alpha Group Packaging, Sidel, Inc. and others.
Segmentation
By Material | By Product | By Geography |
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Key Industry Developments
- In March 2021 Nestlé, a leading multinational food and beverage company, has announced the acquisition of premium bottled water brand Essentia Water to strengthen its premium alkaline water business.
- Global
- 2023
- 2019-2022