The Global Lingerie market is projected to reach the valuation of USD 10,234.50 Million by 2029 with a CAGR of 2.2%
Published | 22 November 2019
Global Lingerie
Market witness a market size of USD 10,234.50 Million in 2019 and projected to
reach a valuation of USD 7,856.88 Million in 2029 at a CAGR of 2.2% during the
forecast period of 2020-2029. The market is driven primarily by increased
awareness of health and a growing consumer lifestyle. It is expected that the
Lingerie market witness rapid growth fueled by strong demand for safe and
hygienic drinking water. An improvement in user-friendly packaging is another
significant factor in driving the Lingerie market. Strict regulations
concerning water packaging and 5 gallons of bottled water quality, however, are
expected to hamper the market growth to some degree. In addition, easy tap
water availability and the concerns about rising plastic waste are expected to
pose a challenge to industry participants.
Top-Loading Bottled Water Dispenser cater large
market share amidst device offering in the Lingerie market
Based on device
offering the global Lingerie market segmented into Top-Loading Bottled Water
Dispenser and Bottom-Loading Bottled Water Dispenser. Top-Loading Bottled Water
Dispenser cater to large market share amidst device offerings in the Lingerie
market across the globe. Pesticides, fertilizers, germs, nitrates, copper, and
lead; several things contaminate the drinking water, which is one of the
factors due to which people opt for purified 5-gallon water delivery and lead to
propel the demand of top loading and bottom loading water dispenser in the
global market. Bottom loading water dispensers and top loading water dispensers
share the same 5-gallon water bottle the only difference is the loading
procedure and usage.
Asia-Pacific
is the lucrative market across the globe for 5 Gallon water bottle device and
the service sector
Based on the region
the global Lingerie market segmented into North America, Europe, Asia-Pacific,
South America, and the Middle East & Africa. Asia-Pacific is the lucrative
market across the globe for 5 Gallon water bottle devices and the service
sector. Within region Portability, ease of use and installation, and low
maintenance costs are some of the factors driving the market for a water
dispenser. Drinking water shortage in some areas requires robust sources to
meet the rising demand for safe drinking water leading to higher sales of
goods, thus increasing market growth. Promotional efforts by the leading
producers often help to drive the demand. Low maintenance and after-sales
services provided by the manufacturers also lead to product demand.
Furthermore, the introduction of a range of products with advanced top and
bottom loading dispensers coupled with self-cleaning methods, such as top load
and wall-mounted, will further stimulate the market. The mentioned factor is
expected to increase growth in the demand for Lingerie during the forecast
period.
Improving
concerns towards health is the key market opportunity for Lingerie
In Life health is a necessary
aspect, being free from illness or injury directly affects people's capacity to
produce and consume valuable goods and services. Millions of people die of
treatable and preventable diseases and chronic illnesses than bullets and bombs
owing to lack of access to deliver food, water, and medicines. The scarcity of
freshwater among the major population is triggering the growth of Lingerie
devices and services globally. In low and middle-income countries, around 38%
of health care facilities lack an improved water source, over 19% do not have
improved sanitation, and 35% lack water and soap for handwashing. Creating
awareness among the population to adopt clean water delivery and usage services,
leads to accelerate the market of global Lingerie.
Lingerie:
Competitive Landscape
Key players for the
Lingerie device and service Market include: - Primo, Midea, Cott Corporation,
Agthia’s, Danone, Costco, Nestle, Brio, Blue Star, Voltas, Whirlpool, Hitachi,
Hawaii water, Panasonic, Honeywell, Hamilton Beach, and Other Prominent
Players. In May 2020, Cott Announces Completion of Primo Water Corporation's
Acquisition-Primo 's acquisition is consistent with Cott's strategy of turning
into a pure-play water solution provider. Primo is a growing company, with sales
in 2019 reaching $300 million. By adding leading water solutions companies to
its portfolio, the acquisition adds more depth to Cott's current North American
business distribution network. This acquisition will increase sales growth and
EBITDA margins, increase earnings per share, and generate cash on equity IRR
above their capital cost.
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