Around the world, bottled water has gained popularity as a household item. The ease of having access to clean, safe drinking water has made it a popular choice for many people. Whose nation sells the most bottled water, though?
China is the country that sells the most bottled water globally, according to latest figures. China, the world’s second-largest consumer of bottled water, sold 73.8 billion liters of water in 2019, more than twice what was sold in the United States. The enormous population and rapid urbanization of China are two factors that have contributed to the market for bottled water expanding.
With a global market size of more than $200 billion in 2018, the bottled water industry is a multi-billion dollar one. All varieties of water, including tap water, spring water, and mineral water, are often included in the water market. On the other hand, the bottled water market particularly refers to packaged drinking water offered for sale in bottles or containers.
In the upcoming years, it is anticipated that the bottled water market will expand even more, with Asia-Pacific nations leading the charge. This development can be linked to rising consumer health consciousness and growing worries about the quality of tap water.
Businesses can put their attention on aspects like packaging, pricing, and marketing to boost sales of bottled water. A larger spectrum of customers can be attracted by using various packaging sizes and styles, such as sports bottles and eco-friendly alternatives. Pricing techniques that increase client attraction include giving discounts for large purchases or subscription services. Sales can be boosted by persuasive marketing initiatives that emphasize the convenience and health advantages of drinking bottled water.
In conclusion, China is the world’s largest consumer of bottled water, and the sector is expanding with a market value of more than $200 billion worldwide. By concentrating on packaging, price, and marketing tactics that cater to consumers’ wants and tastes, businesses can boost sales of bottled water.