Bottled water market seen reaching $515.3 billion by 2031

Allied Market Research says the global bottled water market will grow from $301.7 billion in 2021 to $515.3 billion by 2031, driven by health awareness, rising demand in developing markets and sustainability pressures. Asia-Pacific is projected to be the fastest-growing region, with a 7.0% CAGR.

Why it matters: - The bottled water market is set to expand as consumers shift away from sugary drinks and toward healthier beverages. - The category is also being reshaped by demand for safe drinking water, especially in developing economies. - Sustainability pressures are pushing packaging and production changes across the industry.

What happened: - Allied Market Research published a report on June 10, 2026, projecting the global bottled water market will reach $515.3 billion by 2031. - The report pegs the market at $301.7 billion in 2021 and forecasts a 5.5% CAGR from 2022 to 2031. - The study says Asia-Pacific accounted for 27.0% of global market share in 2021 and will post the fastest regional growth at a 7.0% CAGR. - The report profiles major companies including Danone, Niagara Bottling, Nestlé Waters, PepsiCo, The Coca-Cola Company, VOSS of Norway AS, Nongfu Spring, Icelandic Glacial, BlueTriton Brands and Hangzhou Wahaha Group.

The details: - The report examines competitive positioning, business segments, product portfolios, revenue contributions and geographic footprints of leading players. - It also covers market drivers, restraints, opportunities, pricing trends and regulatory developments. - The research uses Porter’s Five Forces analysis across North America, Europe, Asia-Pacific and LAMEA. - The study says its findings draw on more than 3,500 industry documents, including annual reports, product literature, government publications, industry announcements and journals. - A sample of the report is available here. - The company also offers access to statistical data and graphs through its purchase options page.

Between the lines: - Health and wellness trends are creating a long-term demand tailwind for bottled water, not just a short-term boost. - Asia-Pacific’s growth reflects both consumer demand and manufacturing economics, including lower labor costs and cheaper production infrastructure. - Environmental rules such as the European Union’s Single-Use Plastics Directive are accelerating the move toward recyclable materials and lighter packaging. - China remains the largest bottled water consumer in Asia-Pacific, followed by India and Japan.

What’s next: - Bottled water makers are likely to keep investing in recyclable packaging, lightweight materials and more sustainable production methods. - Companies with strong positions in Asia-Pacific may benefit most if the region continues to outpace the global market. - Regulatory pressure on plastic waste is expected to keep shaping product design and supply chains.

The bottom line: - Bottled water remains a high-growth global category, with health, safety and sustainability now driving the next phase of competition.