Bottled water is packaged drinking water that has been treated. The taste, convenience, safety concerns, low quality of tap water, and lack of drinking water are some of the reasons it is purchased. Cans, glass bottles, and plastic bottles are some of the packaging options for bottled water. Water from diverse sources is purified by manufacturers using a variety of techniques. Ozone, reverse osmosis, distillation, deionisation, filtration, distillation distillation, and UV light disinfection are important techniques for purifying natural water.
Southeast Asia Bottled Water Market Driving Factors and Challenges
Driving Factors- The growing need for safe and clean drinking water in the face of rising tap water contamination is propelling the bottled water market in Southeast Asia to unprecedented heights. The market for bottled water is growing quickly in recently industrialised nations like Malaysia, Thailand, the Philippines, Indonesia, and Vietnam. This increase has been further fuelled by the desire for foreign brands over indigenous ones, which are thought to differ in quality. Macroeconomic drivers including growing disposable incomes, more travel, and eating out are also fuelling the market's growth. The increased awareness of health and wellbeing, combined with campaigns promoting healthy lifestyles, is driving up demand for bottled water. In Indonesia, a lack of access to clean water and the presence of waterborne infections have resulted in an increased reliance on bottled water for drinking and cooking.
Challenges- Customers' concerns about the effects plastic bottles have on the environment and the difficulties in managing garbage have led to an increasing desire for sustainable alternatives.
The market is inundated with bottled water products that are both subpar and counterfeit, endangering customer health and confidence in well-known brands.
Impact of COVID-19 on Southeast Asia Bottled Water Market
The market for bottled water in South East Asia was significantly impacted by the Covid-19 outbreak. The demand for bottled water temporarily increased as customers' top concerns turned to safety and hygiene. The epidemic did, however, also draw attention to the necessity of environmentally friendly packaging and conscientious trash disposal techniques.
Southeast Asia Bottled Water Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Danone S.A, Spritzer Bhd, The Coca-Cola Company, PepsiCo. Inc, SodaStream Inc, Fraser & Neave Holdings Bhd, Nestle S.A, Vinh Hao Mineral Water Corporation, Asia Brewery Incorporated, Universal Robina Corporation.
Southeast Asia Bottled Water Market Segmentation:
By Product Type: Based on the Product Type, Southeast Asia Bottled Water Market is segmented as; Still Water, Carbonated Water, and Functional/Fortified Water.
By Distribution Channel: Based on the Distribution Channel, Southeast Asia Bottled Water Market is segmented as; On-Trade and Off-Trade.
By Region: This research also includes data for Thailand, Malaysia, Singapore, Indonesia, Vietnam, Philippines, Rest of Southeast Asia.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.