Industry Analysis & Industry Trends
The Bottled Water Manufacturing industry has grown strongly over the past five years. This is largely due to consumers' growing preference for convenience and rising health consciousness. The growing popularity of active lifestyles and a shift away from beverages with high sugar content have driven demand for bottled water. However, industry competition has increased and the growing prevalence of private-label products has driven prices lower, forcing firms to focus on volume growth rather than price, slowing the industry's rate of expansion. Overall, industry revenue is expected to grow at an annualised 3.1% over the five years through 2016-17 to reach $736.2 million. This includes projected growth of 3.6% in the current year... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Bottled Water Manufacturing industry is in the mature phase of its life cycle. Industry value added, a measure of the industry's contribution to the economy, is forecast to grow at an annualised 1.9% over the 10 years through 2021-22. This represents an underperformance of the overall economy, which is projected to rise at an annualised 2.6% over the same period, indicating the industry's contribution to the economy is shrinking. This performance is largely due to rising competition and consolidation in the industry.
There has been a slowdown in product innovation and introductions. Instead, there has been greater focus on marketing existing lines, manufacturing efficiency and brand consolidation, which are indicators of an industry in the mature stage of its life cycle... purchase to read more