The bottled water market in Finland, expressed in million Euros, experienced significant variability between 2013 and 2023. From 2013 to 2016, the market exhibited fluctuations with a notable drop in 2016. A robust recovery occurred from 2017 onwards, peaking in 2021 at 103.64 million Euros. The years 2022 and 2023 saw slight decreases of -0.59% and -0.54% year-on-year, respectively, bringing the market value to 102.47 million Euros in 2023.
Looking ahead, the forecasted data from 2024 to 2028 shows a steady decline with a CAGR of -0.43%, resulting in a market value of approximately 99.749 million Euros by 2028, translating to an overall decline of -2.13%.
Future trends to watch for:
- The impact of sustainability trends on consumer preferences, potentially affecting bottled water sales.
- Innovations in packaging and the rise of eco-friendly alternatives.
- Potential regulatory changes influencing the bottled water industry.
- Shifts in consumer behavior due to price sensitivity and health consciousness.