The global bottled water market was evaluated at US$198.5 bn in 2017. The market is expected to grow at remarkable 6.44% GAGR, and expected to reach USD 300 billion by 2024, according to the market experts.
Presently Indian market for bottled drinking water is at Rs. 18,000 crore and, with a growth of GAGR of 20.75%, its expected to cross the market cap of Rs. 40, 000 crore by year 2023.
Increasing health concerns, and unavailability of clean drinking water have led to the growth of the bottled water market in India.
There are 5,735 licensed bottlers for packaged drinking water across India, alongside uncountable unbranded ones.
There are more than 3000 unbranded players in Delhi itself. To produce 1 later of bottled water 2000 times more energy is required than to produce 1 litter of tap water.
One million plastic bottles per minute are purchased at a global level, which amounts to a yearly total of 525.7 billion.
In year 2020 India is going to produce, Approximately, 2500 crore of plastic bottle, as waste, adding upto 30% of total projected plastic waste of 30,000 MT.
To produce 1 later of bottled water 2000 times more energy is required than to produce 1 litter of tap water.
It takes 450-1000 years for a plastic bottle to degrade, depending on the quality of material used.
However, /3 what the world spends on bottled water in one year could pay for projects providing water to everyone in need.