Market Dynamics To Escalate Demand For Bottled Water Market Throughout 2024 This press release was orginally distributed by SBWire Albany, NY — (SBWIRE) — 10/23/2018 — Bottled Water Market had gained revenue worth US$198.5 bn in 2017, which is further expected to grow up to US$307.2 bn by 2024.
This growth is projected to occur at a splendid CAGR of 6.44% during the forecast period from 2017 to 2024.
In terms of volume, an estimated demand of 528.2 bn liters of bottled water could be sold by the end of 2024.
We all know that the environment is degrading more by the day, and to save it from getting worse, it is highly necessary that consumers need to utilize specific goods in certain forms.
Request For Report Brochure For Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=658 Using reusable water bottles is one such way that can significantly contribute towards reducing harmful effects caused to the environment, specifically due to excessive garbage dumping.
A rising awareness among the masses to use reusable water bottles for reducing plastic utilization is primarily driving the global bottles water market too.
Additionally, easy availability and portability of water sold in bottled makes customers prefer buy the bottles instead of other packaged water items, consequently making the market grow at a fast pace.
Apart from increasing awareness levels for greater intake of water among prosperous parts of the world, the bottled water market also stands to gain impetus from growing popularity of carbonated water.
Companies operating in the bottled water market are coming up with ecofriendly packaging materials as well as providing for adequate recycling.
Mushrooming of small and medium enterprises (SMEs) is also stoking the demand for large-sized bottled water.