The ‘Europe Bottled Water Market Trends, Report and Forecast 2023-2028′, by Expert Market Research, gives an extensive outlook of the Europe bottled water market, assessing the market on the basis of its segments like type, distribution channels, and major regions.
Europe Bottled Water Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 57.2 Billion
• Forecast CAGR (2023-2028): 5.70%
• Forecast Market Size (2027): USD 82.6 Billion
The market expansion of bottled water in Europe is being driven by the expanding home and office delivery segment based on the distribution channel. Rapid urbanisation is causing water quality to deteriorate, pushing individuals to use bottled water at home and boosting market growth. The market for bottled water in Europe is being supported by the growing retail sector and the rise of e-commerce, which is giving consumers easy access to and a wider choice of bottled water brands to choose from.
They can buy bottled water thanks to their increased purchasing power and rising living standards, which is fueling the region’s consistent market expansion for bottled water. Additionally, the ease of handling bottled water due to its lightweight PET construction is driving up demand from office workers and leading to the growth of the industry in Europe.
Europe Bottled Water Industry Definition and Major Segments
Drinking water that is acquired from springs, wells, or public water supplies is referred to as “bottled water.” They are packaged in plastic bottles or other sustainable materials for human consumption after being filtered to get rid of the pathogens in the water. Except for antimicrobial agents and additives for functional purposes, it typically includes no additional components.
The market for bottled water in Europe, by type, is divided into:
• Still Water
• Sparkling Water
• Functional Water
Based on distribution channels, the market is segmented into:
• Supermarkets and Hypermarkets
• Convenience Stores
• Home and Office Delivery
• On Trade Channels
• Others
The EMR report looks into the following regional markets of bottled water in Europe:
• Germany
• United Kingdom
• France
• Italy
• Spain
Europe Bottled Water Market Trends
The sustained market expansion of bottled water in Europe is being aided by customers’ increased concerns about diseases transmitted through water. The market growth of bottled water in Europe is being driven by the growing consumer preference for it over tap water due to its better quality and purity. The region’s market is also being stimulated by the strict government laws governing the clean production and labelling of bottled water since it is subject to regular quality checks.
The market for bottled water is being supported by the growing use of recyclable and sustainable bottled water packaging to preserve the original purity and special characteristics of natural mineral and spring waters and to safeguard the environment. The market is expanding as a result of the growth of hotels and restaurants in Europe and the use of bottled water for catering services. Over the course of the projection period, the market is anticipated to grow due to the significant presence of various bottled water companies and the introduction of innovative products like flavoured water.
Key Market Players
The major players in the Europe bottled water market are:
Nestlé SA
The Coca-Cola Company
Danone S.A
PepsiCo Inc
Rubicon Water S.L.U
Shepley Spring Ltd
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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