Coherent Market Insights

Water Filter Jug Market to Surpass US$ 1,536.9 Mn By 2031

Water Filter Jug Market to Surpass US$ 1,536.9 Mn By 2031 - Coherent Market Insights

Publish In: Sep 09, 2024

The global water filter jug market Growth Due to Rising Health Concerns and Increased Portability

The global water filter jug market is estimated to be valued at USD 950.8 Mn in 2024, exhibiting a CAGR of 7.1% over the forecast period (2024-2031). The market is expected to witness significant growth owing to rising health concerns among consumers regarding the consumption of contaminated water and increased portability offered by water filter jugs. Furthermore, easy replacement of filters and compact designs are attracting more consumers.

Market Dynamics:

Increasing Health Concerns - There is growing awareness among consumers about the importance of consuming clean and safe drinking water due to rising health issues like diarrhea, cholera, and other waterborne diseases. Water filter jugs help remove impurities, chemicals, and other contaminants to provide clean drinking water.

Improved Portability - Water filter jugs are highly portable products that can be carried anywhere easily like homes, offices, and outdoor activities. Their compact designs make them very convenient to use on-the-go without requiring plumbing infrastructure like other water filters. This has enhanced their popularity, especially among millennial population. The portability enables access to clean water anywhere and anytime.

Growing health awareness among consumers is driving the global water filter jug market

The rising health consciousness among people around the world has significantly contributed to the growth of the global water filter jug market. People have become more aware of the importance of drinking clean and pure water for overall well-being. Many regions such as North America and other, face issues related to water contamination and impurities in the local water supply. This has increased the demand for affordable and effective household water purification solutions like water filter jugs. Customers want a convenient way to remove germs, chemicals, and other contaminants from tap or well water in their homes. Water filter jugs allow people to easily filter and store purified drinking water within their kitchens or home offices. The increasing focus on preventive healthcare and importance given to water quality is a key driver propelling the sales of water filter jugs globally.

Stringent regulations regarding drinking water quality have boosted market growth

Stringent regulations and quality standards implemented by governments and regulatory bodies worldwide have positively impacted the water filter jug industry. Many countries China and other have updated and strengthened their guidelines on the maximum permissible levels of contaminants in public water networks and supplies. This has compelled water utilities to invest more in water treatment infrastructure and processes. At the same time, it has raised awareness among citizens about potential issues in their local water sources. People do not want to take risks and prefer switching to filtered water for daily usage. The regulations ensure higher quality benchmarks for tap water are maintained. However, they have also highlighted the need for point-of-use water filtration solutions at household levels. Water filter jugs fulfill this need and allow users to further filter water as per their requirements within the comfort of their homes.

High replacement costs can discourage repurchases

One major challenge hindering the sales and growth of the water filter jug market is the high replacement cost of filters. While the initial purchase of a water filter jug is affordable, customers need to regularly replace spent filters after every few months of use. The filter replacement packs can be relatively expensive compared to the low and frequent consumption of purified water. This discourages some users from routinely buying new filters. As a result, they may stop using the product or switch to other unfiltered water sources. Manufacturers need to focus on developing long-lasting and durable filters that do not need frequent replacements. They should aim to reduce the life-cycle cost of ownership for buyers through competitive filter pricing and subscription plans.

Availability of substitutes threatens market share

The presence of alternative water purification options provides competition and acts as a restraint for the water filter jug industry. Products like undersink RO systems, countertop water filters, pitcher filters, and bottled water offer substitutes for consumers. Each has its unique features that may attract certain customer segments. For instance, bottled water is a very portable and convenient option for travel and outdoor use compared to bulky water filter jugs. Some substitutes are also technologically advanced, providing benefits like removal of all types of contaminants that jugs cannot match. This encourages switching’s and hampers the consistent growth of the water filter jug market share year-over-year. Manufacturers need to focus on highlighting the specific daily usage advantages of jugs to minimize the impact of substitutes.

Growing health and environmental concerns create new demands

The rising awareness of various health issues associated with chemical contaminants in water presents opportunities for market expansion. Consumers are increasingly worried about dissolved heavy metals, long-term consumption of disinfectant by-products, and other emerging contaminants beyond just bacteriological quality. While Brita and PUR filters mainly focus on removal of chlorine, lead, and cysts, new filters addressing trace organic pollutants can tap the rising demand from health-conscious customers. Similarly, growing environmental movement worldwide has highlighted the problems of plastic water bottle usage. This shift focusses towards sustainable and zero-waste solutions like water filter jugs with long-lasting ceramic/stainless steel designs. Manufacturers developing novel filters targeting new health hazards and catering to environmental movement can experience revenue growth in the coming years.

Remote and rural areas present an untapped market potential

A major avenue for future business development lies in selling water filter jugs within remote villages, inland areas, and island communities across developing nations. Many rural regions still lack access to safely managed drinking water supply and basic water treatment facilities. Point-of-use household products can help provide an affordable solution in such areas to prevent waterborne diseases. However, traditional brands have largely ignored these remote geographies with low population densities and purchasing power. By tailoring appropriate marketing strategies, affordable product offerings, and distribution networks specific to rural markets, there exists a big untapped potential yet to be realized.

Link - https://www.coherentmarketinsights.com/market-insight/water-filter-jug-market-4463

Key Developments:

In August 2023, Brita introduced a new line of sustainable water filter jugs made from recycled materials. This innovative product range underscores Brita's dedication to environmental responsibility and the promotion of sustainable living. By using recycled materials, these jugs not only contribute to reducing plastic waste but also offer consumers an effective solution for accessing clean drinking water. This launch positions Brita as a leader in eco-friendly water filtration options, appealing to environmentally conscious consumers who aim to lessen their impact on the planet.

In 2023, Pur announced a partnership with Beautiful by Drew, a lifestyle brand created by actress and entrepreneur Drew Barrymore, to enhance water filtration solutions. This collaboration seeks to merge Pur's expertise in water filtration technology with Beautiful by Drew's focus on stylish and functional home products, aiming to provide consumers with both effective and aesthetically pleasing filtration options.

In 2022, Brita (Taunusstein, Germany), INEOS Styrolution (Frankfurt, Germany), and BASF (Ludwigshafen, Germany) revealed that Brita had chosen a selection of INEOS' sustainable materials, including Terluran® ECO, Styrolution® PS ECO, and NAS® ECO, for its water filter jugs. This collaboration emphasizes the commitment of all three companies to sustainability and the development of environmentally friendly products.

In October 2020, Strix Group Plc, a prominent manufacturer of kettle safety controls, acquired LAICA S.p.A., a well-known manufacturer of water filter jugs. This strategic acquisition is expected to significantly expand Strix Group's global presence and enhance its product portfolio, allowing the company to offer a wider range of solutions in the water filtration market.

Key Player:

Brita GmbH, PUR Water, Aqua Optima, ZeroWater, BWT AG, CamelBak Products, LLC, Mavea GmbH, Nakii, Soma Water, Waterdrop, Tupperware Brands Corporation, LG Electronics, Philips, Midea Group, Panasonic Corporation, New Wave Enviro, EcoVessel, Lifestraw, Brita USA, and Santevia Water Systems

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