Bottled water is drinking water that has been bottled for individual or large usage in glass or plastic bottles. Because it is convenient, especially in places where tap water is hazardous or unavailable, it is frequently consumed. There are several types of bottled water, such as mineral water, which naturally contains minerals and salts; sparkling water, which is carbonated; artesian water, which comes from a pressurized underground aquifer; spring water, which is collected from natural springs; and purified water, which is treated to remove impurities. Typically, this water is checked for safety and quality and sealed in sanitary circumstances. The taste, mobility, and apparent purity of bottled water make it a popular choice.
According to SPER market research, ‘Southeast Asia Bottled Water Market Size- By Product Type, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Southeast Asia Bottled Water Market is estimated to reach USD 41 billion by 2033 with a CAGR of 6.08%.
Drivers:
Southeast Asia's bottled water business is expanding quickly as a result of a confluence of socioeconomic, environmental, and health concerns. Due to worries about the quality and safety of tap water, many customers now turn to bottled water as a safer substitute. Rising living standards and urbanization have raised demand, especially in urban areas where infrastructure may not be able to keep up with demand. Higher disposable earnings also make it possible for more individuals to purchase bottled water, especially high-end and useful varieties. Choosing bottled water over sugary drinks is also encouraged by the move toward healthy lifestyles. Tourism is important because tourists frequently choose bottled water for security reasons. To draw in eco-aware customers and cut down on plastic waste, businesses are also implementing sustainable packaging options.
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Restraints:
A number of significant obstacles could prevent the Southeast Asian bottled water market from expanding in the long run. Concerns about the environment, especially the pervasive use of single-use plastic bottles, have brought up sustainability issues and put more pressure on businesses to employ environmentally friendly packaging. With so many domestic and international competitors, market fragmentation exacerbates competition and hinders the growth of smaller brands. Products that are subpar or counterfeit can undermine consumer confidence and present health hazards. Businesses that operate regionally also face compliance problems due to regulatory variances across nations. Profitability is also impacted by growing labor, logistical, and raw material costs. Competition is heightened by the expansion of non-traditional beverage options and upgrades to public water systems, which forces businesses to stay creative and win over customers. Jakarta dominates the Southeast Asian bottled water industry due to its fast development, which has made it difficult to maintain safe and clean tap water, forcing locals to rely largely on bottled water for everyday purposes. Some significant market players are Danone S.A, Spritzer Bhd, The Coca-Cola Company, PepsiCo. Inc, SodaStream Inc, Fraser & Neave Holdings Bhd and others.
For More Information, refer to below link: –
Southeast Asia Bottled Water Market Share
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