There is a continuous growth in “Bottled Water Packaging” Market in last five years and also continue for the forecast year 2023. Bottled Water Packaging industry report analyses the outline of the global market with respect to major regions and segmented by types and applications. Bottled Water Packaging Market covers top manufacturers, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings.
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The bottled water packaging market is expected to witness a CAGR of 6.86% over the forecast period of 2018–2023. The report considers various materials used for bottle packaging and the type of packaging solutions. The regions examined in the report include North America, Europe, and others. The study also identifies, how raising awareness regarding the benefits of consuming safe water is affecting the market.
Over the years, since the advent of materials such as polymers, the concept of water in sealed cans and bottles has become mainstream and has evolved at a fast pace. While initially, it was intended for small-scale use, the commercialization of bottled water and the followed surge of locally made imitation products caused an explosion in the demand and distribution of bottled water. Researchers have come up with innovative ways to seal in carbonated water. Besides, bottle manufacturers are also investing in advertising & marketing campaigns to gain an extended customer base and eventually capture high industry share. Bottle packaging also makes it convenient for transportation of water over greater distances. Moreover, the frequent use of bottled water by tourists and travelers around the world is expected to drive the bottled water packaging market.
Awareness About the Benefits of Consuming Safe Water Driving the Market
Bottled water is considered as a safer option over tap water. Growth in waterborne diseases specifically, in rural areas are contributing towards increasing demand for bottled water packaging. Moreover, to avoid ill-health conditions, regions having unpotable water supply are shifting toward canned water bottle supply. Presently, with more than 700 million people across 43 countries suffering from water scarcity and the sustained rise in wastewater generation, the demand for safe water has surged. Also, growth in the consumption of clean packaged drinking water, due to increased health consciousness in the majorly populated countries is further expected to drive the demand.
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