Asia Pacific Bottled Water market is predicted to reach USD 69.08 billion in 2024 and USD 106.78 billion by 2029, growing at a CAGR of 9.1% during the forecast period.
Bottled water is packaged drinking water that is purified and free from contamination. It is available in plastic and glass water bottles. It is very easily accessible and priced at an affordable cost making it one of the convenient sources of water. The growing number of educated and health-conscious people is increasing thereby creating a heightened demand for hygienic food and drinks. As the demand for clean and hygienic water is increasing, the demand for bottled water will also increase. The growing demand for convenient, safe, healthy and refreshing drinks from health-conscious consumers will continue to drive the growth prospects of the bottled water market. A rise in healthcare awareness about waterborne diseases such as malaria, typhoid, diarrhoea, and food poison is further driving the market. Moreover, bottled water is more portable and convenient to use as it is handy, thus supporting the market growth. However, the lower cost of tap water as compared to bottled water is one of the major restraints of the market. Stringent regulations for the approval of bottled water and the presence of harmful chemical bisphenol can further hamper growth.
Key Players In Asia Pacific Bottled Water Market Are Nestlé Waters, Hangzhou Wahaha Group Co., Ltd, The Coca-Cola Company, Danone, PepsiCo Inc, Natural Waters of Viti Ltd, Icelandic Glacial Inc, Mountain Valley Spring Company, Dasani.
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