Southeast Asia Bottled Water Market Size, Share, Growth Drivers, Revenue, Emerging Trends and Business Opportunities 2033 – SPER Market Research
Bottled water is purified drinking water in a package. Some of the reasons it is bought include its taste, ease of use, safety issues, poor tap water quality, and scarcity of drinking water. Bottled water comes in a variety of packaging styles, including glass, plastic, and cans. Manufacturers purify water using a range of methods and from various sources. Among the main methods for cleaning natural water are ozone, reverse osmosis, distillation, deionisation, filtering, distillation, and UV light disinfection.
According to SPER Market Research, ‘Southeast Asia Bottled Water Market Size- By Product Type, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Southeast Asia Bottled Water Market is estimated to reach 41 billion by 2033 with a CAGR of 6.08%.
Drivers: The bottled water market in South East Asia has grown substantially in recent years due to a number of causes. For starters, increased health and wellness awareness has prompted people to seek out healthier beverage options, with bottled water emerging as a popular choice. Furthermore, rising concerns about water quality and safety in certain areas have increased demand for convenient and dependable drinking water sources, hence propelling the bottled water sector. In addition to health reasons, the on-the-go lifestyle prevalent in today’s culture has also aided market growth. Bottled water’s convenience component, which provides a portable and rapid hydration solution, is ideal for today’s fast-paced lifestyles.
Restraints:
- The detrimental environmental impact of plastic waste: The negative environmental impact of plastic waste poses a significant challenge to the bottled water sector. Plastic bottle production and disposal produce a significant amount of rubbish, causing environmental pollution and problems. Furthermore, as people become more aware of the detrimental effects of plastic on the environment, they are seeking more ecologically friendly alternatives. As a result, several businesses are developing sustainable packaging solutions to lessen their products’ environmental impact. Plastic waste is a significant burden for the bottled water industry, requiring constant efforts to solve.
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The Covid-19 epidemic had a major effect on South East Asia’s bottled water business. When safety and hygiene became customers’ primary concerns, there was a brief spike in the demand for bottled water. Nonetheless, the outbreak also highlighted the need for ecologically friendly packaging and careful trash disposal methods.
The market for bottled water in Southeast Asia is dominated by Indonesia. Indonesia is the country in the region with the greatest demand for bottled water due to its big population and growing urbanisation. Major players in the market are Danone S.A, Spritzer Bhd, The Coca-Cola Company, PepsiCo. Inc, SodaStream Inc, Fraser & Neave Holdings Bhd, and Others.
Southeast Asia Bottled Water Market Segmentation:
By Product Type: Based on the Product Type, Southeast Asia Bottled Water Market is segmented as; Still Water, Carbonated Water, and Functional/Fortified Water.
By Distribution Channel: Based on the Distribution Channel, Southeast Asia Bottled Water Market is segmented as; On-Trade and Off-Trade.
By Region: This research also includes data for Thailand, Malaysia, Singapore, Indonesia, Vietnam, Philippines, Rest of Southeast Asia.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link –
Southeast Asia Bottled Water Market Future Outlook
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