From 2014 to 2017 due to increasing concern regarding various health problems caused by consumption of contaminated water, the global bottled market grew to over $200 billion following 9% yearly growth, according to the report on the bottled water market from The Business Research Company. In addition to health concerns, rising disposable income also let people in the Asia Pacific region influence the growth of the market significantly.
By volume, the market grew by 100 billion liters. The predictions for the bottled water market are above previous expectations. By value, the market is going to reach around $350 billion by 2021, following 10% year-on-year growth. The volume’s growth will be a bit lower, but not by a significant number, at 9.3. Global per capita average bottled water expenditure will also be in a growth stage to 2021, raising to $45.3 by 2021 from $32.3 per head in 2017.