The global bottled water market size was valued at USD 217.66 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.1% from 2021 to 2028. Portability, easy usage and installation process, and minimal maintenance costs are the key factors to drive the market over the next few years.
The demand for bottled water rose in the initial months of lockdown stemmed from the stockpiling attitude of consumers in anticipation of lockdowns and scarcity. The trend, however, soon declined further, coupled with decreased sales caused due to setbacks of the tourism industry globally.
The demand for bottled water is driven by the fear of diseases as an aftermath of drinking contaminated tap water and the easy portability and convenience provided by bottled water. Environmental pollution caused by plastic trash poses a challenge for the market’s growth. The consumption of bottled water leads to health hazards.
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The bottled water industry is growing steadily. The industry under review is well known and develops at a reasonable rate. The risk of disease due to drinking polluted tap water, preference for consumers for clean drinking water, and easy portability and convenience provided by bottled water can be attributed to this. However, market growth prospects can be achieved by the introduction of environmentally friendly packaging and aromatic water with regulated components.
Key Player Mentioned:
- Nestlé
- PepsiCo
- The Coca-Cola Company
- DANONE
- Primo Water Corporation
- FIJI Water Company LLC.
- Gerolsteiner Brunnen GmbH & Co. KG
- VOSS WATER
The market is consolidated in nature and is characterized by the presence of various well-established players and several small and medium players. Major players in the market are adopting a number of strategies, including mergers & acquisitions, collaborations, product launches, and expansion of products, on account of capturing the major market share and expanding their customer base across the globe. For instance, in June 2020, Chilled launched cannabidiol water in France. The 250 mL can contain sparkling water sourced in Austria, 15 mg of cannabidiol produced in Switzerland, and an infusion of white hibiscus from Senegal.
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Product Segment Analysis:
- Spring
- Purified
- Mineral
- Sparkling
- Distilled
Regional Segment Analysis:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
COVID-19 Impact:
The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Glucose to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Glucose in the next 2 to 3 years.
KEY aspects covered in the report include:
- The market size and industry growth rate of the global and regional market across various segments
- The region or the sub-segment that is expected to drive the Bottled Water market in the forecast period 2021-2028
- Key companies operating in the global Bottled Water market and their market share
- The Factors that are estimated to drive the Bottled Water Market growth
- Key opportunities in the Bottled Water market
- Key technological advancements and market trends that shape the market
Good Reasons to Buy a Global Bottled Water Market Report:
- Offers detailed market breakdown and data triangulation that will help guide the market trends.
- The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
- Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
- Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.
- Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.
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The global spatial genomics and transcriptomics market size was valued at USD 163.8 million in 2020 and is expected to expand at a CAGR of 11.1% from 2021 to 2028.
Architecture analysis of genome content in histological specimens is considered a cornerstone in several biomedical research and diagnostics.
The growth of this segment can also be attributed to the availability of automated sequencing methodologies, such as laser capture microdissection technique (LCM), to meet the expanding demand for nucleic acid sequencing of biological specimens or single cells.
For Right Perspective & Competitive Insights, Request a Sample @: https://www.grandviewresearch.com/industry-analysis/spatial-genomics-transcriptomics-market/request/rs1 The determination of spatial arrangement of molecules in cells and tissue samples is the basis for biological research and clinical practice and has gained the attention of several entities involved in the field of genetics.
Key Player Mentioned:Natera Inc.10x GenomicsDovetail GenomicsIllumina, Inc.S2 Genomics, Inc.NanoString Technologies, Inc.Seven Bridges GenomicsHorizon Discovery Group plcThe software segment is anticipated to grow lucratively throughout the forecast period.
The increasing volume of ongoing genomic research studies has led to the need for robust software solutions for data management and their interpretation.
