Global Bottled Water Packaging Market – Overview
Bottled Water demands extra care while Packaging to control the unwanted microbial growth and mineral deterioration. Over the past few years, a number of technologies have been introduced in the market to suffice the demand for the effective packaging of water. Due to which, the market for the Bottled Water Packaging has been growing steadily. Moreover, increasing population coupled with the augmenting demand for the safe drinking water worldwide propels the market growth to an extent.
Acknowledging the prominence and the value this market is garnering currently and the growth prospect the market is demonstrating worldwide, Market Research Future (MRFR), recently published a brilliant study report giving out the complete market insights up till 2023. According to MRFR, the Global Bottled Water Packaging Market Trends is expected to accrue exponentially by 2023, registering a CAGR of 7.1% during the review period (2022-2030)
Other factors propelling the market growth include the increasing pollution, growing urbanization & industrialization coupled with the growing economic conditions that improve consumers’ quality of life, increasing their affordability. Technological advancements transpired in the packaging technologies are predominantly fostering the market growth by introducing active and intelligent packaging solutions.
Get Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/5187
On the other hand, stringent regulations imposed by the government towards the improper disposal of plastic bottles and the lack of technical competencies for maintaining the proper sanitation, are hampering the market growth. Also, the cost associated with the manpower & the manufacturing of packaging are impacting the market growth substantially. Conversely, the technological improvements are likely to present cost-effective solutions for manufacturing, which coupled with the increasing demand especially in the developing markets is expected to provide impetus to the market growth.
Global Bottled Water Packaging Market – Competitive Analysis
The market appears to be highly competitive and fragmented owing to the presence of several large and small key players accounting for a substantial market share. These key players incorporate acquisition, partnership, collaboration, expansion, technology & product launch in order to maintain their market position. Manufacturers are striving to find ways to reduce raw material prices. Raw material suppliers apply the power to determine prices of raw materials, which has an impact on the business.
The major global companies playing a key role in the bottled water packaging market are :
- Amcor Ltd. (Australia)
- SKS Bottle & Packaging Inc. (U.S.)
- Greif, Inc. (U.S.)
- Silgan Holdings (U.S.)
- ExoPackaging (India)
- American Pacific Corporation (U.S.)
- Berry Global, Inc. (U.S.)
- CKS Packaging (U.S.)
- Sidel Group (Italy)
- Kaufman Container (U.S.)
Innovation/Industry/ Related News:
April 02, 2018 – The Co-op supermarket in the UK announced that it is to switch all of the bottled water to 50% recycled plastic (rPET). This move is projected to save about 350 tonnes of plastic annually.
March 16, 2018 – A Routine laboratory tests conducted in Singapore, by the Agri-Food and Veterinary Authority (AVA) show that the bottled water used in Singapore, successfully met the safety standards. These test reply sufficiently well to a recent study by Orb Media, (US) a non-profit media collective, which stated that the bottled water from the world's leading brands is contaminated with tiny plastic particles.
Scientists of Singapore tested around 250 bottles from China, Brazil, India, Kenya, Indonesia, Lebanon, Thailand, Mexico, and the USA, and found 93 percent of the samples are free from any kind of contamination or plastic particles.
Speak To Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/5187
Global Bottled Water Packaging Market – Segments
The Bottled Water Packaging Market can be segmented into 4 key dynamics for the convenience of the report and enhanced understanding;
By Materials : Comprises Plastic & Glass among others.
By Products : Well Water, Distilled Water, and Mineral Water among others.
By Applications : Municipal and Industrial, among others.
By Regions : North America, Europe, APAC and Rest of the World.
Segment Plastic by Materials, in 2016, accounted for the largest as in, 58.48% of the market share and a market value of USD 20,595.4 Million.
Access Report Deatails @
Global Bottled Water Packaging Market – Regional Analysis
Globally, North America market accounts for the leading market in the global Bottled Water Packaging Market. Owing to the increased awareness towards health & safe drinking water, the higher standard of living, and rising demand and consumption of bottled water, the region holds the largest market share. Continuing with the same trends, North America is expected to keep hegemony during the review period as well.
While the second-largest market for the Bottled Water Packaging, Europe, is expected to grow at a substantial CAGR. This growth attributes to the augmented adoption of eco-friendly techniques for bottled water packaging in the region.
Whereas Asia-Pacific region is emerging as the fastest growing market for the Bottled Water Packaging. Attributing to the factors such as the emergence of active and intelligent packaging solutions coupled with the rising population & increasing purchasing power of consumers; the regional market will register a considerable CAGR during 2022 to 2030.
Related Keywords:
Acetyls Market https://www.marketresearchfuture.com/reports/acetyls-market-7486
Food Grade Gases Market https://www.marketresearchfuture.com/reports/food-grade-gases-market-7608
Superwetting Surfactants Market https://www.marketresearchfuture.com/reports/superwetting-surfactants-market-7633
2-Ethylhexanol Market https://www.marketresearchfuture.com/reports/2-ethylhexanol-market-7638
Expandable Microspheres Market https://www.marketresearchfuture.com/reports/expandable-microspheres-market-7813
About Market Research Future -
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.
MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US) +44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com