- September 2020 |
- Consumer Goods / Consumer Durables
Global 5-Gallon Water Bottles Market, By Device Offering (Top-Loading Bottled Water Dispenser and Bottom-Loading Bottled Water Dispenser), By Water Service Offering (Exchange and Refill), By End User (Households and Commercial Offices), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Market Competition Scenario & Outlook, 2016-2026
Global 5-Gallon Water Bottles Market size- Industry Trends & Forecast Report 2026
Global 5-Gallon Water Bottles Market witness market size is estimated to be USD 7,856.88 Million in 2019 and, is anticipated to reach worth USD 10,234.50 Million in 2026 at a CAGR of 2.2% during the projection period of 2020-2026. Key factors driving demand for the 5-gallon water bottles and service industry include portability, ease of use and instant delivery with affordable costs. In some regions, drinking water scarcity needs sound sources to meet the growing demand for safe drinking water, consequently leading to increased product sales inducing market growth. Filtered, contamination-free drinking water with convenient exchange and refill facilities in developed region propel the market growth of 5-Gallon Water Bottles market.
Global 5-Gallon Water Bottles Market Overview
A water dispenser, known as a water cooler is a cooling or heating system that provides water with a refrigeration device. It is usually placed near the bathroom for proximity to the plumbing system, and a drain line is provided to the drainage system from the water cooler. Water dispensers come in variations ranging from wall-mounted to hybrid units for the bottle filler water dispenser, to bi-level units and other types. Usually, bottled water dispensers are available in 5-gallon or 10-gallon dispensers, which are commonly placed on top of the device.
Top loading water dispensers are easy to set up and made of high-strength, lightweight plastic and are typically easy to carry. Most of them weigh less than 40 pounds and only need one or two individuals to move. Bottom-Loading and Top-loading Bottled Water Dispensers are made of the same materials. The only difference is the water pump used to move up the water into the water tank. They can be shifted and maneuvered with the same ease as top charging water dispensers.
Global 5-Gallon Water Bottles Market Outlook and Trends
Increasing Global Awareness about Safe Drinking Water
Increasing consumer awareness about water safety and quality, owing to rising water-borne diseases across the globe, is one of the fundamental factors responsible for the growth of the water dispenser & services market. Besides, government initiatives through various...