Bottled Water Packaging Market 2019 Segments, CAGR, Size, Share and forecastPosted by sagark on November 4th, 2019 Bottled Water Packaging Market Overview The bottled water packaging market is projected to boom during the forecast period owing to a number of driving factors. This includes the burgeoning usage of recyclable packaging materials to curb down hazardous materials in the environment and the evolving lifestyle of consumers. The market is reportedly going through a number of changes with evolving customer expectations like acceleration of technological innovations, availability in small sizes, and shifts in competitive power. The demand for bottled water is witnessing significant growth due to the scarcity of clean drinking water and quality of tap water. Needless to say, bottled water has gone on to become an icon of healthy lifestyle across emerging nations. All these drivers are expected to push the growth of the global market and aid in garnering a CAGR of 5.27% during the forecast period of 2017 and 2023. Request Free Sample Copy With TOC @ https://www.marketresearchfuture.com/sample_request/5187 Competitive Landscape The global bottled water packaging market includes various key players. These players are giving constant efforts to make a mark in the global market. Some of the players identified by MRFR are
Regional Analysis The global bottled water packaging market segmentation is based upon four geographical locations, namely Asia Pacific, Europe, North America, and the Rest of the World (RoW). MRFR identifies in its report that the North American region held a majority of the market share as per the last conducted study. Furthermore, the region is expected to continue its dominance over the forecast period due to the high consumption of bottled water herein. It is reported through various studies, namely the Beverage Marketing Corporation (BMC) and the International Bottled Water Association (IBWA), that Americans are consuming far more bottled water than any other packaged beverages available in the market like carbonated drinks. It is noted that concerns related to health, improving living standards of consumers, and the surging demand and consumption rate of bottled water are some of the driving factors pushing the demand for the market. In Asia Pacific, the rising population and the improving purchasing power of the consumers in developing regions like India and China is significantly influencing a positive growth herein. The regional market is expected to attain increasing growth over the forecast period due to the rising demand for bottled water. The European region, on the other hand, boasts similar growth factors as that of North America. However, the region stands behind in the overall standings. The Rest of the World (RoW) geographical segment is expected to grow at a mediocre pace over the forecast period as compared to the other mentioned regions. Market Segmentation The global bottled water packaging market segmentation is based upon the following components: material, application, and product. By material, the market includes glass, plastics, and others. By product, the market divides into mineral water, well water, distilled water, and others. By application, the market segments into industrial, municipal, and others. Access Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/bottled-water-packaging-market-5187 Like it? Share it! More by this author |