Water & Ice Manufacturing Industry Profile

Companies in this industry produce bottled water and packaged ice. Major companies include Coca-Cola (Dasani, Smartwater), DS Services, Home City Ice, Mountain Valley Spring, PepsiCo (Aquafina), and Reddy Ice (all based in the US), along with Arctic Glacier (Canada), Groupe Danone (France), and Nestlé Waters (Switzerland).

The global market revenue in the bottled water segment amounts to about $330 billion in 2022 and is forecast to reach a compound annual growth rate (CAGR) of about 6% from the 2022-2026 forecast period, according to Statista. Most revenue is generated in the US, accounting for more than $85 billion in 2022. In terms of volume, the bottled water segment is expected to reach about 515.00bn L by 2027.

The US water and ice manufacturing industry includes about 700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $7 billion.

Bottled water and ice manufacturing companies are part of the nonalcoholic beverage industry, which also includes soft drink manufacturers and is covered in a separate First Research profile.

COMPETITIVE LANDSCAPE

Demand for bottled water and packaged ice is driven by consumer spending, population growth, and weather conditions. Public health concerns also increase demand for bottled water in developing regions with inadequate supplies of clean water. The profitability of individual companies depends on efficient operations, effective product pricing, and geographic concentration of key customers. Large companies have advantages in ...