Bottled Water Market Size

Statistics for the 2023 & 2024 Bottled Water market size, created by Mordor Intelligence™ Industry Reports. Bottled Water size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

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Market Size of Bottled Water Industry

Bottled Water Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 274 Billion
Market Size (2029) USD 380.5 Billion
CAGR (2024 - 2029) 6.79 %
Fastest Growing Market South America
Largest Market North America

Major Players

Bottled Water Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Bottled Water Market Analysis

The Bottled Water Market size is estimated at USD 274 billion in 2024, and is expected to reach USD 380.5 billion by 2029, growing at a CAGR of 6.79% during the forecast period (2024-2029).

People nowadays have become more conscious of the potential risks of contaminated tap water. According to WHO, in 2022, at least 1.7 billion people globally used drinking water sources contaminated with feces. Therefore, consumers are drawn to bottled water due to the easy portability, convenience, and safety assurance of packaged drinking water. Furthermore, due to the increasing tourism at the global level, food service channels, such as hotels and restaurants, offer quality service to their tourists. These channels contribute to the high share of sales in the bottled water category, primarily from the still-bottled water segment. For instance, according to the Ministry of Tourism and the Bureau of Immigration of India, the number of foreign tourist arrivals in India increased from 2.74 million in 2020 to 6.19 million in 2022. Hence, the number of drinking water bottles produced by Indian Railway Catering and Tourism Corporation Limited increased to 357.7 million in FY2023 from 275 million in FY2020. Moreover, companies are adopting various strategies to market their products, such as sponsorships and advertising. For instance, in January 2022, Danane SA launched its new bottled sparkling water through its brand Evian in the United Kingdom. The company promoted the product through various advertisement campaigns across social media platforms and televisions to penetrate the market.

Bottled Water Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)