Global bottled water market ‘could double’ in size
February 28, 2017
The global bottled water market could almost double in size in the next 6 years, according to a new report from US based Allied Market Research (AMR), reach a value of $US319 billion.
In 2015 the sector was valued at close to $US170 billion, but is expected to grow at a compound annual rate of 9.5% up to 2022. Asia-Pacific dominated the market, with market share of 35.6%, followed by Europe at 27.1%.
The findings seem to allay concerns that the bottled water market might level out at some point.