According to a market report by Lucintel, the future of the bottled water market in the US looks promising with opportunities in the on-trade and off-trade retail markets. The major drivers for this market are rapid expansion of restaurants, emergence of eco-friendly packaging and flavored water, increase incidence of water-borne disease, and declining water supplies due to climate change.
In this market, purified, mineral, spring, sparkling, and distilled water are the major product types. Purified bottled water product is expected to remain the largest segment over the forecast period due to growing popularity among the working class and millennial populations and increasing water needs due to population growth.
Within the bottled water market, the off-trade segment is expected to witness the highest growth over the forecast period due to easy access & availability of the products and the presence of a large number of brands.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the bottled water market in the US by product type, packaging, and distribution channel and has compiled a comprehensive research report titled “Growth Opportunities for the Bottled Water Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the bottled water market in the US by product type, packaging, and distribution channel as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
Spring
Purified
Mineral
Sparkling
Distilled
Others
By Packaging [$ Million Shipment Analysis from 2015 to 2026]:
Glass Bottle
Drum
Plastic Bottle
Cans
Others
By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:
A more than 50 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.