There’s big demand for bottled water.
So much so, the market could explode from $198.5 billion in 2017 to more than $300 billion over the next four years at a CAGR of 6.44%.
Total volume could reach nearly 530 billion litres by 2024, as noted by Transparency Market Research.
Around the world, the Asia Pacific region is expected to see robust growth and demand for bottled water. In addition, a growing variety of flavored water products in North America is expected to create plentiful opporutnities as well. In fact, the flavored water market could run from $17.2 billion in 2020 to more than $36.7 billion by 2025 at a CAGR of 11.5%.