August 27th, 2022
China Packaged Water Market
The China Packaged Water Market is anticipated to expand at a remarkable CAGR during the forecast period (2020-2027).
The factors driving the growth of China Packaged Water Market includes increasing popularity of healthy drinks, rise in the cases of waterborne diseases such as Diarrhea, Cholera and Typhoid and accessibility to water bottled waters in China. According to the report published by Bloomberg, the retail sales of bottled water in China have significantly increased from around 200 billion yuan in 2019 to 215.9 billion yuan in 2020 and the bottled water segment was accounted for 32% of the sales of non-alcoholic beverage in China in 2020. Moreover, the growing demand for premium and quality water products, rapid expansion in the Food and Beverage Industry and increasing consumers inclination towards adopting healthy lifestyles, are some of the additional factors supplementing the market growth in China. In addition, increasing investments by the leading players on developing environment friendly packaged water products, improvements in the living standards, shortage of fresh water supply, growing disposable incomes, rise in water contamination and high population growth rate, are further propelling the Packaged Water Market in China.
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However, the growth of China Packaged Water Market is hindered due to rise in the prices of packaged water bottles in China.
The leading players operating in the China Packaged Water Market are Hangzhou Wahaha Group Co., Ltd, Icelandic Glacial Inc., Mountain Valley Spring Company, Nestle, Danone, The Coca-Cola Company, Otsuka Pharmaceutical Co. Ltd, PepsiCo China Ltd., Suntory (China) Holding Co., Ltd., and FIJI Water Company LLC, among others.
Product Type: Segment Analysis
Based on product type, the Still Water segment is anticipated to expand at a significant CAGR over the forecast period. The growing demand for filtered water and functional beverages, rising disposable incomes, rapid urbanization and changing consumption pattern of consumers, are some of the key factors responsible for the growth of the segment. As per the data available at Statista, the sales of energy drinks in China were estimated around 40 billion in 2019 and are further projected to reach 48.6 billion yuan by 2021.
Packaging: Segment Analysis
Based on packaging, the PET Bottles segment is predicted to capture the largest market share during the forecast period. The PET Bottles provides chemical resistance, enhances the strength-to-weight ratio, increases the durability along with its shatterproof properties are some of the features augmenting the growth of the segment.
China Packaged Water Market by Product Type
China Packaged Water Market by Packaging
China Packaged Water Market by Distribution Channel
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