Vetrina
Food Sector
Bottled Water Production Business Plan: with Feasibility Report and Financial Model Template
€ 15,00VAT included
Bottled water is one commodity that is consumed in all parts of the world and of course, those that are in the business of producing bottled water are known to generate sales year in and year out if the business is well–managed. As a matter of fact, the economic downturn hardly affects the consumption of bottled water simply because it is a commodity that is as important as the air we breathe.
Production companies in the bottled water industry basically purify and bottle water into plastic and glass bottles for consumption. The bottled water is properly capped and labeled accordingly before being sold to the general public. Companies in this industry usually have an assortment of water offerings, such as spring water, mineral water, sparkling water, and flavored water in a range of sizes and prizes.
Players in this industry are also involved in the manufacturing of ice manufacturing. It is common to find big corporations that are into the production of soft drinks and food and beverages engage in the production of bottled water.
Research conducted by IBIS World shows that in the United State of America, the level of concentration in the Bottled Water Production industry is modest, as the top four players are expected to generate 65.5 percent of revenue.
Given the heavy bulk weight of industry products and the relatively low value per unit sold, bottled water production is generally taken on by large companies with major economies of scale and heavy investments in transportation.
While the majority of bottled water production is performed as one of many activities within the corporate portfolios of international food and beverage companies, the remaining portion of the industry’s production is performed through small-sized local players.
The Bottled Water Production industry is a thriving sector of the economy of the United State of America and they generate a whooping sum of well over #5 billion annually from more than 565 registered and licensed bottle water production companies scattered all around America.
The industry is responsible for the employment of well over 14,360 people. Experts project the bottled water production industry to grow at a 4.0 percent annual rate. The Coca-Cola Company, Nestle, and Pepsi Co are the world leaders in the bottled water industry; they have the lion's market share in the United State and in most countries of the world.
Despite the fact that there are big corporations who are into the production of bottled water, the fact remains that starting a small-scale bottled water production business has minimal barriers to entry, with low start–up capital. Most players in the bottled water production industry are small- to medium-sized establishments that cater to the local community.
With this kind of business, if you want to start on a small scale, you can choose to start servicing your local community. All you would need is contacts, packaging, networking, and good marketing and customer service skills. However, if you intend to start it on a large scale, then you should consider spreading it beyond your local community to the state level and even national level.
Over and above, the bottled water production industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business; you can choose to start on a small scale servicing a community or you can chose to start on a large scale with several outlets in key cities all around United State.
Categories: Food Sector