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Bottled Water Production in China - Market Research Report (2014-2029)

IBISWorld IBISWorld Beijing, China Last Updated: May 2024 1532

Revenue

$27.3bn

2024

$27.8bn

Past 5-Year Growth

Profit

$X.Xbn

Employees

146k

Businesses

842

Wages

$X.Xbn

Bottled Water Production in China industry analysis

The Bottled Water Production industry has developed steadily over the past five years. The government has implemented several industry standards and regulations over the period, which have boosted confidence both in the market and with consumers. The industry's competitive landscape has also changed over the past five years, with growth in foreign and private capital and investment across the industry. While state-owned enterprises were the main players in the industry 20 years ago, most have withdrawn from the industry. Private and publicly listed companies now make up the largest proportion of industry firms.Foreign and joint venture companies benefit from advanced technologies and equipment for bottled and canned water production. These firms generally have larger capital reserves and can invest more in research and development for new products.In large and medium-sized cities with relatively developed economies, buying bottled water has become a very common behavior. Even in small cities and villages, with the improvement of people's living standards, more and more people tend to buy bottled water. Rising domestic demand and higher output have supported industry revenue growth over the past five years. Industry revenue is expected to increase at a CAGR of 1.5% over the five years through 2023, to $27.3 billion. This trend includes anticipated revenue growth of 1.8% in 2023. Rising purchase cost and increasing competition affect profit margins, and profit is expected to account for 7.9% of industry revenue in 2023.Internal and external competition are anticipated to intensify over the next five years as the industry continues to mature. In particular, domestic and office tap water purifying machines, which compete with industry products, are projected to become more common over the period. Industry revenue is forecast to grow at annualized 1.6% over the five years through 2028, to $29.6 billion.

Trends and Insights

  • Rising incomes and health concerns support development of the industry. More individuals have opted to drink bottled water instead of boiling their own tap water or choosing other high-sugar beverages.
  • Bottled water is the most popular industry product. Bottled water is generally less expensive and small bottles are convenient for daily use, and bottled water account for almost half of industry revenue.
  • Zhejiang is the largest manufacturing area of bottled water products. Both Nongfu Spring Co. Ltd. and Hangzhou Wahaha Group Co. Ltd., two of the industry's major companies, are located in the province.
  • The competition is intense. The existing enterprises have established their own well-known brands, and the enterprises are attaching more importance to promotion and advertising.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $27.3bn in 2024.

Trends and Insights

Bottled Water Production in China
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

China's bottled water consumption has significant growth potential

  • The per capita consumption of bottled water in China remains less than levels in other countries, especially in the developed countries and regions.

Biggest companies in the Bottled Water Production in China

Company
Market Share (%)
2023
Revenue ($short_0)
2023

There are no companies that hold a large enough market share in the Bottled Water Production in China industry for IBISWorld to include in this product.

Products & Services Segmentation

Bottled Water Production in China
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Canned water, Bottled water and Bulk or barreled water. Canned water is the largest segment of the Bottled Water Production in China.

Trends and Insights

Bottled water is the most popular packaged water product segment

  • Bottled water is drinking water that is usually packaged in transparent plastic bottles with volumes between 300 milliliters and 4 liters.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

The Bottled Water Production industry comprises companies involved in collecting and packaging water. This water is sourced from underground mineral water reserves and other water supplies in accordance with the government’s Standards for Drinking Water Quality. The water is then sealed in plastic bottles, cans, glass bottles, barrels or other containers, without any additives.

What's included in this industry?

Bottled waterCanned waterBulk or barreled waterOther drinking water

Companies

Purchase this report to view all major companies in this industry.

Related Terms

GB8537-1995GB17323-1998GB17324-1998POLYETHYLENE TEREPHTHALATE (PET)MINERAL WATER

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Rising incomes and health concerns support development of the industry. More individuals have opted to drink bottled water instead of boiling their own tap water or choosing ...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Bottled water is the most popular industry product. Bottled water is generally less expensive and small bottles are convenient for daily use, and bottled water account for al...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Zhejiang is the largest manufacturing area of bottled water products. Both Nongfu Spring Co. Ltd. and Hangzhou Wahaha Group Co. Ltd., two of the industry's major companies, a...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

The competition is intense. The existing enterprises have established their own well-known brands, and the enterprises are attaching more importance to promotion and advertis...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

High-quality water source help enterprises to stand out. Nearly all the top enterprises are located or having production bases in the regions with high-quality water source.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024

Detailed analysis

    External Environment

    Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

    Analyst insights

    This industry has a high capital intensity level. Industry manufacturers require sufficient funds and cashflow for raw materials, transportation, R&D, advertising and sales e...

    In this chapter

    • External Drivers
    • Regulation & Policy
    • Assistance

    Key metrics

    • Regulation & policy level and trend
    • Assistance level and trend

    Charts

    • Regulation & Policy historical data and forecast (2014-2029) 
    • Assistance historical data and forecast (2014-2029) 

    Detailed analysis

    • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
    • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
    • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

    Financial Benchmarks

    View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

    Analyst insights

    Rising purchase cost and increasing competition affect profit margins. The competition within the industry become increasingly intensified, and price of PET also presented a ...

    In this chapter

    • Cost Structure
    • Financial Ratios
    • Key Ratios

    Key metrics

    • Profit margin, and how it compares to the sector-wide margin
    • Average wages, and how it compares to the sector-wide average wage
    • Largest cost component as a percentage of revenue
    • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

    Charts

    • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
    • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
    • Investment vs. share of economy

    Data tables

    • Cash Flow & Debt Service Ratios (2014-2029)
    • Revenue per Employee (2014-2029)
    • Revenue per Enterprise (2014-2029)
    • Employees per Establishment (2014-2029)
    • Employees per Enterprise (2014-2029)
    • Average Wage (2014-2029)
    • Wages/Revenue (2014-2029)
    • Establishments per Enterprise (2014-2029)
    • IVA/Revenue (2014-2029)
    • Imports/Demand (2014-2029)
    • Exports/Revenue (2014-2029)

    Detailed analysis

    • Trends in the cost component for industry operators and their impact on industry costs and profitability 

    Key Statistics

    Industry Data

    Data Tables

    Including values and annual change:

    • Revenue (2014-2029)
    • IVA (2014-2029)
    • Establishments (2014-2029)
    • Enterprises (2014-2029)
    • Employment (2014-2029)
    • Exports (2014-2029)
    • Imports (2014-2029)
    • Wages (2014-2029)

    Top Questions Answered

    Unlock comprehensive answers and precise data upon purchase. View purchase options.

    What is the market size of the Bottled Water Production industry in China in 2024?

    The market size of the Bottled Water Production industry in China is $27.3bn in 2024.

    How many businesses are there in the Bottled Water Production in China industry in 2024?

    There are 842 businesses in the Bottled Water Production industry in China, which has grown at a CAGR of 2.0 % between 2019 and 2024.

    Has the Bottled Water Production industry in China grown or declined over the past 5 years?

    The market size of the Bottled Water Production industry in China has been growing at a CAGR of 1.5 % between 2019 and 2024.

    What is the forecast growth of the Bottled Water Production industry in China over the next 5 years?

    Over the next five years, the Bottled Water Production industry in China is expected to grow.

    What does the Bottled Water Production in China include?

    Bottled water and Canned water are part of the Bottled Water Production industry.

    How competitive is the Bottled Water Production industry in China?

    The level of competition is high and increasing in the Bottled Water Production industry in China.

    Related Industries

    Widen your competitive advantage with related industries

    Competitors

    • Soda Production in China
    • Juice Production in China
    • Tea Production in China

    Complementors

    • Water Resource Management in China

    International industries

    • Global Soft Drink & Bottled Water Manufacturing
    • Bottled Water Production in the US
    • Bottled Water Production in Canada
    • Soft Drink Manufacturing in Australia
    • Soft Drink, Juice and Bottled Water Manufacturing in New Zealand

    View all industries in China

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    Key data sources in China include:

    • National Bureau of Statistics China
    • General Administration of Customs
    • People’s Bank of China

    Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

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    • Industry and trade associations
    • Industry federations or regulators
    • Major industry players annual or quarterly filings

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