The water packaging market is predicted to be valued at US$ 36.4 billion in 2034, having been forecast to be worth US$ 26.7 billion in 2024. The industry is projected to grow at a CAGR of 2.5% between 2024 and 2034.
Rising demand for packaged water products can be attributed to growing knowledge of the health advantages of drinking water and the significance of being hydrated. The industry is expanding as a result of consumers’ need for convenient, safe, and clean solutions for staying hydrated.
Packaged water is convenient, especially for customers who need to stay hydrated and lead increasingly hectic lives.Customers can drink water from bottles, pouches, and other packaging wherever they go—at home, at school, or on the go—and this provides them with the utmost convenience.
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Growing urbanization and shifting lifestyles have fueled the market for water packaging.Urban dwellers rely on packaged water due to issues with tap water quality, availability of clean drinking water sources, and practicality of packaged alternatives.
The industry has grown as a result of more advancements in packaging materials such PET bottles, pouches, and cartons. For the purpose of increasing product attractiveness and catering to consumer preferences, market actors are always creating novel packaging formats, closures, and labeling strategies.
Key Takeaways
- From 2019 to 2023, the water packing market expanded at a CAGR of 3.2%.
- Based on packaging bottles, the bottle segment is expected to account for a market share of 61.20% in 2024.
- The demand for water packing in China is predicted to grow at a CAGR of 5.7% through 2034.
- In the United States, the water packing industry is estimated to register a CAGR of 2.3% from 2024 to 2034.
- The United Kingdom is projected to expand by a CAGR of 2.5% between 2024 and 2034.
- The water packing market in India is anticipated to record a CAGR of 6.5% during 2034.
“The easy availability of flavoured and functional water and increasing demand for convenient packing format is driving the water packaging market,” says an FMI analyst.
Competitive Landscape
The market players operating in the water packaging market offer diverse packaging solutions catering to different consumer needs. Market players collaborate with distributors and stakeholders to expand their market reach.
- Adam Pack specializes in solving the package problems of the beverage industry by providing several package types, including PET bottles, glass bottles, and closures. Besides, the market of Adam Pack is centered around beverage packaging in general, and this product range is certainly through the details like color options and advertising graphics suitable for water-packaged products.
- Sidel offers packaging solutions suitable for still and flavored water products. Their PET packaging solutions focus on lightweight, sustainability, and production efficiency.
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Water Packaging Market – Key Segments
By Packaging Format:
- Bottle
- Cans
- Pouches
- Cup
By Material:
- Plastic
- Metal
- Glass
By End Use:
- Everyday
- Sports
- Travel
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
More Valuable Insights Available
Future Market Insights offers an unbiased global water packaging market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034
To understand opportunities in the water packaging industry, the industry is segmented based on Packaging Format (Bottles, Cans, Pouches, Cup), by Material (Plastic, Metal, Glass) By End-use (Everyday, Sports, Travel), Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).
About the Packaging Division at Future Market Insights
The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analysed the industry lucidly in 50+ countries for over a decade. The team briefly analyses key trends, including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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