ICAP: Great growth for the bottled water sector in Greece | News about the Economy
THE branch of bottled waters present great growth in recent decades in our country. The increase in tourist traffic combined with the inadequacy of the water supply network in various regions of the country, as well as the eating habits of consumers, in the context of a healthier lifestyle, played an important role in boosting demand.
According the conclusions of the ICAP CRIF Sector Study, of bottled water in Greece includes on the one hand a large number of small and medium-sized enterprises, and on the other hand large-sized enterprises, which are either exclusively engaged in bottling water, or are active in the wider food and beverage sectors. The larger companies make use of the already established and organized sales networks and distribution of their products (such as juices and soft drinks), achieving economies of scale. At the same time, some companies also bottle water on behalf of third parties (private label products), which they are also active in the wider food and beverage industries. Finally, the number of imported products in the sector is very small, while basically, their sales of the examined products as a small percentage of their total sales.
Significant changes have taken place over the years as regards the packaging of bottled water. In particular, PVC packaging has been replaced by the safer – and fully recyclable – PET type packaging, while the use of glass bottles has expanded, mainly in mass catering areas. Finally, in the two years 2020-2021, bottled water in paper packaging was released for the first time in Greece. The mentioned paper packages are in harmony with the need for sustainability and innovation, while at the same time protecting the water from solar radiation and air.
H Stamatina Panteleou, Director of Economic & Sectoral Studies of ICAP CRIF points out that the domestic production of bottled water showed an upward trend in the period 2016-2019, while it suffered a decrease in 2020, as a result of the effects of the Covid-19 pandemic. In the following two years 2021-2022, domestic production returned to positive rates of change, marginally surpassing pre-pandemic levels.
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