Over time, bottled water has gained popularity as a product. People use it as an easy-to-use and healthful substitute for tap water. Bottled water is a multi-billion dollar industry in the US. Americans spent $18.5 billion on bottled water in 2019, a huge rise from the $11.2 billion spent in 2010, according to the International Bottled Water Association. But how much do consumers spend yearly on bottled water?
Americans often spend $100 a year on bottled water. However, this figure changes according to the person’s consumption patterns and the area they reside in. People may spend more on bottled water, for instance, if they reside in a region with poor tap water quality or limited access to clean drinking water. People who favor expensive brands or larger sizes could also spend more money.
In the USA, the price of a litre of water varies depending on the retailer and area. Bottled water typically costs between $0.50 and $2.00 for a litre. More expensive options include imported water or premium brands. It is important to keep in mind that bottled water is substantially more expensive than tap water, which is less expensive per gallon.
A large expenditure may be required to launch a bottling facility. Building a bottling facility can be expensive depending on the location, size, and equipment. While a huge plant can cost millions of dollars, a tiny plant may cost roughly $100,000. Operating expenses including labor, utilities, and maintenance can also accumulate over time.
Depending on the size of the business, beginning a bottled water business in Ethiopia might cost a variety of amounts. A small-scale bottled water business can be started for between $20,000 and $50,000, according to a research by the Ethiopian Ministry of Water, Irrigation, and Energy. This price covers costs for things like marketing, equipment, and licenses. However, launching a bigger business can cost a lot more money.
In conclusion, bottled water can be an expensive habit even while it offers a handy and healthful alternative to tap water. Depending on region and personal preferences, Americans spend an average of $100 year on bottled water. A bottling factory can cost hundreds of thousands to millions of dollars to build, making it another expensive investment. Similar to this, it can cost tens of thousands to several hundred thousand dollars to launch a bottled water business in Ethiopia.