The bottled water market size volume in Austria has experienced notable trends over the years. From 2013 to 2015, the market observed fluctuations with a peak in 2015. However, from 2016 onwards, the volume demonstrated a consistent decline, reaching 698.6 million liters in 2023. The year-on-year percentage variation in 2022 was -0.69%, while in 2023, it further decreased by -1.95%. The compound annual growth rate (CAGR) over the last five years (2018-2023) stood at -3.5%. Forecasts indicate a continuing downward trajectory, with an expected CAGR of -1.62% over the next five years leading to 2028.
Future trends to watch for include:
- Shifts towards sustainable and eco-friendly packaging.
- Increasing consumer preference for tap and filtered water.
- Potential regulatory changes affecting bottled water sales and distribution.
- Technological advancements in water purification and bottling processes.
- Market penetration of new entrants offering innovative water products.
