Bottled Water Market: On-Trade Distribution Channel Segment Is Anticipated To Witness Lucrative Growth
Bottled Water Industry Overview The global bottled water market size was valued at USD 283.01 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2022 to 2030. Increasing concerns regarding various health problems such as gastrointestinal diseases caused by the consumption of contaminated water are leading to the increased demand for clean and hygienic packaged options. Drinking water scarcity in several regions further necessitates the demand for safe drinking water, leading to increased product sales, thereby augmenting market growth. Extensive restrictions imposed by governments worldwide to combat COVID-19 created logistical challenges for the bottled water industry. It has been more than one and a half years since the initial global outbreak of COVID-19. According to the International Bottled Water Association (IBWA), bottled water businesses have boosted their production capacities in 2020 to cater to the surge in demand for bott...