Spring Water Market to Reach $465.2 Billion, Globally, by 2031 at 8.7% CAGR: Allied Market Research
PORTLAND, Ore., March 7, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Spring Water Market by Packaging Type (Bottled, Canned), by Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online Retail): Global Opportunity Analysis and Industry Forecast, 2021-2031." according to the report the global spring water industry generated $210.7 billion in 2021, and is estimated to reach $465.2 billion by 2031, witnessing a CAGR of 8.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
- PORTLAND, Ore., March 7, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, " Spring Water Market by Packaging Type (Bottled, Canned), by Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online Retail): Global Opportunity Analysis and Industry Forecast, 2021-2031."
- according to the report the global spring water industry generated $210.7 billion in 2021, and is estimated to reach $465.2 billion by 2031, witnessing a CAGR of 8.7% from 2022 to 2031.
- However, rise in environmental pollution caused by spring water plastic bottles, lack of awareness about health issues caused by low-cost tap water, and high cost of spring water restrict the growth of the market.
- Growing public awareness of the advantages of spring water has opened up new opportunities for regional makers and retailers.