By 2022, it is anticipated that the market for bottled water would grow to $307.2 billion. The market for bottled water in the US alone was worth $18.5 billion in 2018. Although there are numerous bottled water brands on the market, some of the main manufacturers are Nestle Waters, Coca-Cola, PepsiCo, and Danone.
The sale of bottled water brings in a sizable profit for these businesses. While Coca-Cola’s water division, which includes brands like Dasani and SmartWater, made $4.7 billion in revenue in 2019, Nestle Waters reported 2019 revenue of $7.8 billion. 2019 saw sales of $2.2 billion from PepsiCo’s Aquafina brand and $6.6 billion from Danone’s water division, which includes brands including Volvic and Evian.
It’s crucial to keep in mind that the Bureau of Indian Standards (BIS) accreditation is required for the process of opening a bottled water plant. An application must be submitted, an inspection must be taken place, and specific quality requirements must be met in order to receive certification. Depending on the size of the plant and the quantity of items being certified, certification costs can vary.
Starting a bottled water business demands a large equipment investment in addition to certification. Depending on the size of the company, the cost of a bottling line, which includes equipment for filling, capping, labeling, and packing bottles, can range from $50,000 to $750,000. Tanks for storing water, distribution vehicles, and water treatment systems are further important equipment.
You must do a number of actions in order to start a packaged drinking water plant. You must first do market research to ascertain local competition and demand. The next step is to find a location for your plant and acquire the relevant licenses and permissions. The next step is to make equipment purchases and hire personnel to run the plant. To promote your brand and draw clients, you must to create a marketing strategy.
You must get in touch with the parent business, Coca-Cola, if you’re interested in opening a Kinley water plant franchise, to learn more about the potential. Potential franchisees must have a minimum net worth of $1 million and $500,000 in liquid assets, according to the corporation. Additionally, initial franchise fees, ongoing royalties, and other costs associated with running the business must be paid by franchisees.
In conclusion, the bottled water sector is prosperous, with the leading firms bringing in billions of dollars a year. It takes a thorough business plan, major equipment investment, and BIS certification to start a bottled water plant. Before choosing, those who are interested in opening a franchise should thoroughly evaluate the prerequisites and financial commitments.
I cannot create spring water because I am only an AI language model. A spring or underground source can be used to naturally obtain spring water, which can subsequently be bottled and consumed. In order to ensure the purity and safety of the spring water, various certification requirements specified by regulatory organizations must be followed during the bottling process.