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Bottled Water Market in US will net US$ 22,226.2 Mn
Revenues by End of 2024
Consumers in the US are privy to the fact that drinking potable water isn’t enough to safeguard one’s
health from viral diseases and water-borne infections. Consumption of bottled water in the States is
expected to be driven by rising awareness regarding the benefits of drinking mineral water. Higher
nutritional content in bottled or packaged drinking water continues to play a significant role in
protecting lives of millions of US consumers. Nevertheless, a latest research report published by
Persistence Market Research projects that years from now, the demand for bottled water in US will
lose traction and incur growth at a sluggish pace. According to its report, Persistence Market
Research predicts that by the end of 2024, the US bottled water market will have reached US$
22,226.2 Mn value, registering a modest CAGR of 4%.
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Contrary to the popular opinion, the demand for bottled water in US is likely to lose out to rising
adoption of advanced water purification & distribution systems. The US$ 16 Bn market for bottled
water in the US is, thus, expected to attain a restrained growth on the account of following factors:
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Environmental Impact of Bottled Water: In early 2016, San Francisco’s local authorities
controlled the sales of plastic water bottles as an initiative to check environmental pollution.
Companies producing large volumes of bottled water products will continue to adversely alter
the environment through excessive water extraction techniques and extensive use of nondecomposable materials such as plastics and other polymerized materials.
Regulations Curbing the Production of Packaged Water: Authoritative bodies in the US
will continue to control the production of bottled water by imposing unfavorable regulations.
These regulations are directed to reduce the carbon footprint of bottled water manufacturers
on the country’s environment. Steadfast implementation of such norms is expected to hinder
the production of bottled water in the US.
A riveting factor compiled in this report mentions the emergence of eco-friendly packaging materials
in production of bottled water. The US bottled water market is slated to incur opportune growth when
manufacturers will begin procurement of eco-friendly yet equally competent alternatives for plastic
bottles. This will be done by rapid adoption of 100% recycled PET bottles. Nestle Waters is one such
leading manufacturer of bottled water in the US that has undertaken similar measures. Other
prominent manufacturers of bottled water in the US include PepsiCo, Inc., The Coca-Cola Company,
Mountain Valley Spring Company, LLC., Groupe Danone, Suntory Beverage & Food Ltd., and CG
Roxane, LLC.
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http://www.persistencemarketresearch.com/market-research/us-bottled-water-market/toc
The report further reveals that in 2016, over 10,000 million units of bottled water products were
consumed in the US. The demand for 3-gallon bottled water products is projected to remain high
through 2024. Almost two-third of the US bottled water market will continue to be dominated by
HDPE materials as PET bottles are likely to lose out competitiveness due to strict environmental
regulations. By the end of 2024, nearly three-fourth of revenues amassed in the US bottled water
market are anticipated to come from sales of products with screw caps and Snap-On caps. The
report also identifies supermarkets as the largest distribution channel for bottled water in the US,
accounting for over 35% value share towards the end of the forecast period.
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/us-
bottled-water-market.asp
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