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Bottled Water Market Overview:
- The bottled water market size was valued at $217 billion in 2020.
- It is expected to expand at 11% annual growth to 2028.
- The US bottled water sales volume hit 14 billion gallons in 2019 – the highest ever.
- Bottled water profit margins range from 50% to 200%.
- Ironically, these profits exist while some lack drinking water globally.
- The average bottled water business startup cost ranges from $13K to $27K.
- Municipal tap water sells well if permitted and not labeled spring water.
- Billions are spent yearly on bottled water containing cancer-linked chemicals.
- Buying bottled water wastes money versus tap water.
- Continued demand growth is shown by 9 in 10 Americans wanting bottled water availability equal to other drinks.
Bottled Water Industry Financials:
- Portability and minimal maintenance drive market growth.
- Startup costs for a bottled water business range from $6,500 to $15,000.
- Your costs depend on the minimum your manufacturer allows you to order.
- Aquafina produced about $2.52 billion in US bottled water sales in the previous year.
- Bottled-water sales have boomed as consumers cut sugary soft drinks.
- U.S. bottled-water volumes rose 4% last year.
- Revenue from bottled water sales amounted to $61.326 million in 2020 so far.
- Americans spend $16 billion a year on bottled water.
- A single water bottle costs $1.45 on average.
- There are 167 water bottles used per person yearly in the US.