Future Market Insights recently concluded a study on the water packaging market. As per its analysis, the market holds considerable potential, with an expected valuation of USD 26.7 billion in 2024. Looking into the future, the water packaging market shows a sluggish yet positive growth path. A CAGR of 2.5% is estimated for this industry from 2024 to 2034. Following an expansion rate of 1.4x, the water packaging ecosystem is en route to attain a valuation of USD 36.4 billion in 2034.
| Attributes | Key Insights |
|---|---|
| Water Packaging Market Size in 2024 | USD 26.7 billion |
| Water Packaging Market Value in 2034 | USD 36.4 billion |
| Value-based CAGR from 2024 to 2034 | 2.50% |
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From 2019 to 2023, the water packaging market experienced a CAGR of 3.2%. A sharp increase in bottled water sales was recorded in recent years when consumers steadily opted for convenience and portability while keeping hydrated.
| Historical CAGR (2019 to 2023) | 3.2% |
|---|---|
| Forecast CAGR (2024 to 2034) | 2.5% |
Globally, bottled water sales rose to the highest point due to concerns about the safety of tap water, increasing levels of health care, and a rising trend toward individualism.
Packaging innovation played a significant role in shaping the water packaging market. Manufacturers have introduced lightweight bottles with environment-friendly packaging material and convenient packaging format to enhance the appeal of the product. Consumers seeking healthy and functional beverage options are forecasted to maintain the robust growth in the water packaging market.
The makers will mainly come up with the water products that give out the healthy aspects, the natural aspect and the nutritional aspects to meet the rising and diverse consumer tastes. Projections indicate that the global water packaging market is expected to experience a CAGR of 2.5% from 2024 to 2034.
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The provided table highlights the top five countries in terms of revenue, with China and India leading the list. Based on a comprehensive analysis, India presents a substantial opportunity due to the strong presence of fermented food and beverage manufacturers.
| Countries | The Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 2.3% |
| The United Kingdom | 2.5% |
| China | 5.7% |
| Japan | 2.6% |
| India | 6.5% |
The water packing market in the United States is poised to register a CAGR of 2.3%. The water-packing market growth in the United States is attributed to the increasing awareness among consumers regarding the importance of hydration and the health benefits of drinking water.
Increasing demand for packaged water products, especially single-serve bottles, enhances the growth of this market in the country. Packed water's easy availability in various formats contributes to market growth.
The water packing market in the United Kingdom is poised for substantial growth, with a 2.5% CAGR from 2024 to 2034. Growth is expected to be driven by evolving consumer preferences and sustainability initiatives.
There is a notable shift in consumer preferences toward packaged water products, encompassing still, and sparkling, flavored, and functional waters. The evolving landscape is contributing significantly to market growth. Increasing demand for single-serve bottles and pouches is driving the market growth in the United Kingdom.
The water packing market in China is expected to register a CAGR of 5.7%. Increasing consumer awareness of health and wellness and a growing focus on hydration benefits are driving the market demand in China.
With China’s rapid urbanization, consumers are opting for convenient and on-the-go hydration solutions. Packed water, especially in single-serve bottles or pouches, is in more demand in the country.
Concern over contaminated or polluted water makes Chinese consumers consider packed water a more dependable and safer alternative. Packed water is safe, hygienic, and clean, one of the main factors propelling the market’s expansion.
Japan's water packaging market is expected to register a CAGR of 2.6% between 2024 and 2034.
Many Japanese consumers now choose packaged water, such as bottled mineral water and purified water, due to worries about the safety and contamination of tap water, contributing to market growth in the country.
Japan’s thriving tourism industry creates significant demand for bottled water among domestic and international travelers, boosting market growth.
The water packaging market is expected to register a CAGR of 6.5% between 2024 and 2034 in India.
The rise of e-commerce platforms and delivery services in India has made it easier for consumers to purchase packed water online and deliver it directly to their homes or workplaces. This factor contributes to market growth. Fast-paced lifestyle and high urbanization rates contribute to the demand for convenient hydration solutions.
Health and well-being encouraging trends among Indian consumers attracted more people to opt for packed water. Bottled water is the most favored choice of beverage by consumers who believe they will be healthier with it, and therefore, more water will be used up individually as they would have resorted to sodas and other unhealthy drinks.
The section below shows the leading segment. The bottles segment is expected to account for a market share of 61.2% in 2024. Based on material and plastic, the segment is expected to have a share of 59.6%.
| Category | Market Share |
|---|---|
| Bottle | 61.2% |
| Plastic | 59.6% |
The bottling segment emerged as the dominant force in the water packaging market, commanding 61.2% of the total market share in 2024.
Bottled water is a source for those people who are commuting, exercising, or traveling. It is made to offer a solution for hydration with added convenience without the need for any other equipment or preparation.
PET bottles are the optimal package for customers as they are light and compact. They are easy to move around simply and drinks could be consumed everywhere easily.
A uniform packing system in the form of bottles ensures the trustworthiness of the product and the manufacturer. It gives customers confidence that the product is safe and not altering its form. The water maintained in the rounded neck bottles is provided with seals and a barrier, which helps with proper hygiene and safety.
Based on material type, the plastic segment is expected to account for a market share of 59.6% in 2024. Plastics are an affordable medium for packaging water. While compared with other alternatives like glass metal, plastic bottles are more cost-effective to create, which benefits both consumers and manufacturers.
Plastic bottles are lighter, lowering the shipping cost and carbon emission. Because of this, plastic bottles are well suited for extensive distribution and long-distance transportation networks.
Plastic packaging is well-known for its hardness and shattering resistance. The possibility of breaking the packaging while handling, moving, and storing is very low.
The global water packaging market is highly fragmented and competitive owing to various global and local players across the globe. Market players maintain high product quality, safety standards, and regulatory compliance to build consumer trust and confidence.
Company operators are more committed to environmentally sound and recyclable materials, waste reduction methods, and carbon footprint decrease in their processes to be in tandem with consumer behavior and environmental regulations.
Resolving green issues and producing sustainable packaging are becoming criteria for top consumer brands whose target audience is environment-concerned people.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 26.7 billion |
| Projected Market Valuation in 2034 | USD 36.4 billion |
| Value-based CAGR 2024 to 2034 | 2.50% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Packaging Format, Material, End-Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Tetra Pak International; Elopak; SIG Group; Adam Pack; Stora Enso Oyj; LamiPak; Sidel International; Silgan Holdings |
As of 2024, the market for water packaging is expected to be valued at USD 26.7 billion
By 2034, the market value of water packaging is expected to reach USD 36.4 billion
From 2024 to 2034, the water packing market is expected to flourish at a CAGR of 2.5%.
The bottles segment is expected to account for a market share of 61.20% in 2024.
India is likely the top-performing markets, with a CAGR of 6.5%.
| Estimated Size, 2025 | USD 147.2 billion |
| Projected Size, 2035 | USD 201.7 billion |
| Value-based CAGR (2025 to 2035) | 3.2% |
| Market Value for 2024 | USD 45.1 billion |
|---|---|
| Market Value for 2034 | USD 56.7 billion |
| Market CAGR (2024 to 2034) | 2.30% |
| Market Size (2024E) | USD 2.9 billion |
|---|---|
| Market Valuation (2034F) | USD 4.0 billion |
| Value-based CAGR (2024 to 2034) | 3.3% |
| Market Value for 2024 | USD 8.8 billion |
|---|---|
| Projected Market Value for 2034 | USD 11.3 billion |
| Value-based CAGR (2024 to 2034) | 2.6% |
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