BOTTLE WATER SUPPLY SUPPLY PROSPECTS UP TO 5 YEARS
Euromonitor expects the global bottled water market to nearly double in the next five years.
Recent research by Euromonitor says that the world bottled water market could nearly double to $ 319 billion in value by 2022.
Euromonitor recently published a report that predicts bottled water consumption will outpace the carbonated drink market for the first time in the US.
The bottled water sector is estimated at $ 170 billion in 2015, and is expected to increase by nearly 10 percent by 2020.
Predictably, water dominates with more than 35% of the market share, while carbonated drinks account for about 22%. Bottled water will rise the fastest as consumers prefer drinking water to provide energy.
Asia-Pacific will continue to lead the world in terms of growth, with India growing fastest (about 15.1% per annum). North America is expected to occupy the largest market share in the world.
According to Tran Ngoc - VOV