In 2019, per capita of bottled water consumption approached 44 gallons in 2019, while average intake of carbonated soft drinks dipped below 37 gallons. Consistent with that data, sales revenues for the U.S. bottled water market in 2019 were $19.4 billion in wholesale dollars, a 5.6% increase over the previous year.
Do water bottle companies make money?
As you might assume, the profit margins in the bottled water industry are exceedingly high; the normal profit margin on bottled water is an astounding 50 to 200%. Ironically, as select corporations become richer because of these profit margins, many in the developing world lack access to clean water.Dec 17, 2020
Is there money in water business?
You Can Make Money in the Water Business, Lux Research Says The $600 billion water industry boasts a sizable number of profitable large companies, according to Lux Research, which says new entrants are bringing emerging technologies that will disrupt the industry and create new opportunities.Jan 22, 2014
What water bottle company makes the most money?
What is the number one selling bottled water? Aquafina and Dasani are the best selling bottled water brands in the world — both exceeding USD 1 billion in sales annually.Nov 9, 2020
Can I start my own water bottle company?
Starting a bottled water business on your own requires an initial investment of $10,000 to $50,000. Also, consider rent, utilities, employee wages and other ongoing costs. Working with a private-label bottled water supplier can save you time and money.Nov 15, 2019
How much does it cost to start a water bottle company?
Startup costs can range from $500,000 to $750,000 for a “bare bones” plant. However, some plants may require more capital, up to $1.5 million, or more, depending on the size of your operation. You will also need a license from the U.S. Food And Drug Administration (FDA).Oct 22, 2020
How do I start a water bottle business?
- STEP 1: Plan your business. ...
- STEP 2: Form a legal entity. ...
- STEP 3: Register for taxes. ...
- STEP 4: Open a business bank account & credit card. ...
- STEP 5: Set up business accounting. ...
- STEP 6: Obtain necessary permits and licenses. ...
- STEP 7: Get business insurance.
Can I bottle water and sell it?
Once you have met the requirements to bottle the water and sell it in your state, you will need to go through a similar process for each state where you plan to sell the water. Most states require that you be certified before you can sell water there even if you produce the water in another state.Mar 9, 2020