Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Bottled water is a packaged drinking water especially packed in plastic or glass water bottles and are available in different sizes from small to large. It is also available in the carbonated form that contains dissolved carbon dioxide gas. Bottled water is the most convenient way to use since it is handy and enables the consumer to carry them easily and are suitable for on-the-go usage. They are available in retail and departmental stores. They are gaining huge demand across the working class and Millennia’s populations.

The U.S. bottled water market was valued at US$ 17,400 Mn in terms of revenue and was pegged at 10,600 million units in terms of volume in 2018

Drivers

Growing health consciousness among consumers is a prime factor fueling the market growth of bottled water. Rising cases regarding various health issues such as gastrointestinal diseases, neurological disorders, and reproductive problems caused by the drinking of contaminated water are fueling the demand for clean and hygienic bottled water in the U.S and packaged water protects it against various types of bacterial contamination. Hence, rising awareness regarding the health benefits of bottled water is expected to propel the market growth of U.S. bottled water.

Among distribution channel, others (food service & vending) segment dominated the U.S. bottled water market in 2018, accounting for 38% share in terms of value, followed by supermarkets and grocery stores, respectively.

Figure 1. U.S. Bottled Water Market Share (%), By Distribution Channel, 2018

U.S. Bottled Water  | Coherent Market Insights

Market Restraints

Bottle water is expensive as compared to tap water which is limiting its adoption across low-income class people. This factor is expected to hamper the market growth. Moreover, it is not a money-saving option and some time it offers no difference with tap water and may have similar or worse quality than tap water. These factors are projected to hinder the market growth of bottled water over the forecast period.

Market Opportunities

The advent of advanced technology and practices for reducing production time is expected to foster market growth over the forecast period. For instance, in June 2018, North Carolina-based clear water manufacturing has introduced a machine that can filter, fill and cap more than 300 bottles of water per one-hour cycle on-site at any location, such as campuses, hotels, and stadiums or in retail spaces. Therefore, advancement in technology is expected to propel the market growth.

Increasing investment by major players for reducing single-use bottles is expected to boost the market growth of U.S bottled water. For instance, in January 2019, FloWater raised $15 million to put bottled water out of business for eradicating the plastic water bottles by using the newest technology in its water refill stations, FloWater asserts that their water tastes and hydrates better than any bottled water, even premium brands. Hence, this factor is expected to foster market growth over the forecast period.

Figure 2. U.S. Bottled Water Market – Opportunity Analysis

U.S. Bottled Water  | Coherent Market Insights

Among material, PET segment accounted for largest market volume share of 67% in 2018, in the U.S. bottled water market.

Figure 3- U.S. Bottled Water Market Share (%), By Material, 2018

U.S. Bottled Water  | Coherent Market Insights

Market Trends/Key Takeaways

An increasing number of acquisitions among key players in the U.S bottled water is expected to foster market growth over the forecast period. For instance, in November 2019, Nestlé Waters North America (NWNA) has announced the acquisition of bottled water distributor Watchung Spring Water in the US. The acquisition enable NWNA to expand ReadyRefresh by Nestlé beverage delivery service to the New Jersey coast. Hence, the rising adoption of such a growth opportunity is expected to fuel market growth.

Regulations

According to section 21 CFR 165.110, U.S. Food and Drug Administration (FDA), the regulatory authority for bottled water, describes bottled water as “water that is intended for human consumption and that is sealed in bottles or other containers with no added ingredients except that it may contain safe and suitable antimicrobial agents.”

Figure 4 – U.S. Bottled Water Market - Value Chain Analysis

U.S. Bottled Water  | Coherent Market Insights

Competitive Section:

Company Names 

Players active in the market are Nestle Waters, PepsiCo, Inc., The Coca-Cola Company, Groupe Danone, Suntory Beverage & Food Ltd, Mountain Valley Spring Company, LLC, and CG Roxane, LLC

Bottled water is considered as a consumer food product by U.S. Food and Drug Administration (FDA). The FDA has set strict standards of identity for bottled water. The FDA categorizes bottled water into spring water, purified water, mineral water, sparkling water, artesian water, and well water. Companies are focusing on new product launches in order to strengthen their market presence. For instance, in November 2019, Coca-Cola launched its new sparkling water line, AHA. AHA will be available in eight flavors, out of which black cherry + coffee and citrus + green tea will contain added caffeine. The product will be available in U.S. market from March 2020.

Market Dynamics

Rising focus of the manufacturers in the capacity expansion and enhancement is expected to fuel the market growth of U.S bottled water. For instance, in October 2016, Nestle Waters North America is planning to significantly increase the amount of Michigan groundwater it pumps from under the state in conjunction with a 36 million dollar expansion of its Ice Mountain bottling plant. The company has asked the Michigan Department of Environmental Quality (DEQ) for permission to increase allowed pumping from 150 to 400 gallons-per-minute at one of its production wells north of Evart.

The growing focus of manufacturers in launching the eco-friendly packaging solution of water is expected to augment the market growth over the forecast period. For instance, in July 2019, PepsiCo just announced that it will start rolling out its popular Aquafina water in aluminum cans in 2020 subjected to rising concern about global, non-recyclable waste mounts, the move comes as the brand's biggest attempt to reduce single-use plastic containers as aluminum is easier to recycle than many materials and is already recycled more often than other similar packaging types.

Rising government regulations regarding recyclable packaging solutions and decreasing carbon footprint are projected to hinder the growth of the U.S. bottled water market. Moreover, it promotes more usage of fossil fuels thus manufacturers are highly depended on fossil fuels for the production of bottles. This factor is expected to restrict the market growth of U.S. bottled over the forecast timeframe.

Key features of the study:

  • This report provides in-depth analysis of U.S. bottled water market and provides market size (US$ Million & Mn Units) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the U.S. bottled water market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes, Nestle Waters, PepsiCo, Inc., The Coca-Cola Company, Groupe Danone, Suntory Beverage & Food Ltd, Mountain Valley Spring Company, LLC, and CG Roxane, LLC
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
  • The U.S. bottled water market report caters to various stakeholders in this industry including investors, suppliers, alcohol manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the U.S. bottled water market

Detailed Segmentation:

  • U.S. Bottled Water Market, By Capacity:
    • 3 Gallons
    • 5 Gallons
    • Others
  • U.S. Bottled Water Market, By Material:
    • PET
    • HDPE
    • Others
  • U.S. Bottled Water Market, By Cap Type:
    • Screw Cap
    • Snap-on Cap
    • Sports Cap
    • Snap Screw Cap
    • Others
  • U.S. Bottled Water Market, By Distribution Channel:
    • Supermarkets
    • Grocery Stores
    • Convenience Stores
    • Others
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
    • Nestle Waters *
    • PepsiCo, Inc.
    • The Coca-Cola Company
    • Groupe Danone
    • Suntory Beverage & Food Ltd
    • Mountain Valley Spring Company, LLC
    • CG Roxane, LLC

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Capacity
      • Market Snippet, By Material
      • Market Snippet, By Cap Type
      • Market Snippet, By Distribution Channel
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. U.S. Bottled Water Market, By Capacity, 2017- 2027 (US$ Million & Million Units)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • 3 Gallons
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • 5 Gallons
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
      •  
  5. U.S. Bottled Water Market, By Material, 2017- 2027 (US$ Million & Million Units)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • PET
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • HDPE
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
  6. U.S. Bottled Water Market, By Cap Type, 2017- 2027 (US$ Million & Million Units)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Screw Cap
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • Snap-on Cap
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • Sports Cap
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • Snap Screw Cap
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
  7. U.S. Bottled Water Market, By Distribution Channel, 2017- 2027 (US$ Million & Million Units)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Supermarkets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • Grocery Stores
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • Convenience Stores
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2027, (US$ Million & Million Units)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Nestle Waters
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • PepsiCo, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Coca-Cola Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Groupe Danone  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Suntory Beverage & Food Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mountain Valley Spring Company, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • CG Roxane, LLC  
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The U.S. bottled water market is estimated to surpass US$ 17,400 Million by 2027.
Major players operating in the U.S. bottled water market include Nestle Waters, PepsiCo, Inc., The Coca-Cola Company, Groupe Danone, Suntory Beverage & Food Ltd, Mountain Valley Spring Company, LLC, and CG Roxane, LLC.
Growing health consciousness among consumers is one of the major factors that is expected to propel growth of the market over the forecast period.
High cost of bottle water is limiting its adoption across low-income class people and this is one of the major factors that is expected to hamper growth of the market.
The increasing number of acquisitions among key players is one of the major trends that has been observed in the market.
The U.S. bottled water market was pegged at 10,600 million units, in terms of volume in 2018 and is expected to surpass US$ 17,400 Million by 2027.
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