Report: Bottled water market 'could double' in next 6 years
The global bottled water market could almost double in size in the next six years, reaching value of $319 billion, according to a new report from Allied Market Research. The sector was worth close to $170 billion in 2015, the company said, and is expected to grow at a compound annual rate of 9.5 percent up to 2022. The still bottle water segment dominates this market, occupying more than 35 percent of total share, driven largely by convenience as a motivating factor.
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