Global Bottled Water Industry Overview
The global bottled water industry is projected to grow at a CAGR of 5.24% through 2027. The market was valued at $217.66 billion in 2020. Consumers pay fees for water treatment and distribution. Nearly two-thirds of bottled water sold in the US comes from municipal tap water, not spring water sources. The largest bottled water companies globally by sales are Nestlé Waters, Coca-Cola, Danone, and PepsiCo. Leading companies are exploring sustainability, including eco-friendly packaging and water conservation initiatives. The United States is the world’s leading consumer of bottled water. In 2020, private label brands dominated the US bottled water market with sales of approximately $2.9 billion.
Company Ownership in the Bottled Water Industry
The largest bottled water companies globally by sales are Nestlé Waters, Coca-Cola, Danone, and PepsiCo. Nestlé Waters North America generated $2.3 billion in sales in 2020. Aquafina, owned by PepsiCo, produced about $2.52 billion in sales in the same year.
The Source of Bottled Water
Nearly two-thirds of US bottled water comes from municipal tap water sources. Water is a finite resource requiring infrastructure investment, particularly in Canada. Companies in the bottled water industry meet rising consumer demand for safe hydration and are increasingly focused on sustainability and conservation efforts.