The Global Lingerie market is projected to reach the valuation of USD 10,234.50 Million by 2029 with a CAGR of 2.2%

Published | 22 November 2019

Global Lingerie Market witness a market size of USD 10,234.50 Million in 2019 and projected to reach a valuation of USD 7,856.88 Million in 2029 at a CAGR of 2.2% during the forecast period of 2020-2029. The market is driven primarily by increased awareness of health and a growing consumer lifestyle. It is expected that the Lingerie market witness rapid growth fueled by strong demand for safe and hygienic drinking water. An improvement in user-friendly packaging is another significant factor in driving the Lingerie market. Strict regulations concerning water packaging and 5 gallons of bottled water quality, however, are expected to hamper the market growth to some degree. In addition, easy tap water availability and the concerns about rising plastic waste are expected to pose a challenge to industry participants.

Top-Loading Bottled Water Dispenser cater large market share amidst device offering in the Lingerie market

Based on device offering the global Lingerie market segmented into Top-Loading Bottled Water Dispenser and Bottom-Loading Bottled Water Dispenser. Top-Loading Bottled Water Dispenser cater to large market share amidst device offerings in the Lingerie market across the globe. Pesticides, fertilizers, germs, nitrates, copper, and lead; several things contaminate the drinking water, which is one of the factors due to which people opt for purified 5-gallon water delivery and lead to propel the demand of top loading and bottom loading water dispenser in the global market. Bottom loading water dispensers and top loading water dispensers share the same 5-gallon water bottle the only difference is the loading procedure and usage.

Asia-Pacific is the lucrative market across the globe for 5 Gallon water bottle device and the service sector

Based on the region the global Lingerie market segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is the lucrative market across the globe for 5 Gallon water bottle devices and the service sector. Within region Portability, ease of use and installation, and low maintenance costs are some of the factors driving the market for a water dispenser. Drinking water shortage in some areas requires robust sources to meet the rising demand for safe drinking water leading to higher sales of goods, thus increasing market growth. Promotional efforts by the leading producers often help to drive the demand. Low maintenance and after-sales services provided by the manufacturers also lead to product demand. Furthermore, the introduction of a range of products with advanced top and bottom loading dispensers coupled with self-cleaning methods, such as top load and wall-mounted, will further stimulate the market. The mentioned factor is expected to increase growth in the demand for Lingerie during the forecast period.

Improving concerns towards health is the key market opportunity for Lingerie

In Life health is a necessary aspect, being free from illness or injury directly affects people's capacity to produce and consume valuable goods and services. Millions of people die of treatable and preventable diseases and chronic illnesses than bullets and bombs owing to lack of access to deliver food, water, and medicines. The scarcity of freshwater among the major population is triggering the growth of Lingerie devices and services globally. In low and middle-income countries, around 38% of health care facilities lack an improved water source, over 19% do not have improved sanitation, and 35% lack water and soap for handwashing. Creating awareness among the population to adopt clean water delivery and usage services, leads to accelerate the market of global Lingerie. 

Lingerie: Competitive Landscape

Key players for the Lingerie device and service Market include: - Primo, Midea, Cott Corporation, Agthia’s, Danone, Costco, Nestle, Brio, Blue Star, Voltas, Whirlpool, Hitachi, Hawaii water, Panasonic, Honeywell, Hamilton Beach, and Other Prominent Players. In May 2020, Cott Announces Completion of Primo Water Corporation's Acquisition-Primo 's acquisition is consistent with Cott's strategy of turning into a pure-play water solution provider. Primo is a growing company, with sales in 2019 reaching $300 million. By adding leading water solutions companies to its portfolio, the acquisition adds more depth to Cott's current North American business distribution network. This acquisition will increase sales growth and EBITDA margins, increase earnings per share, and generate cash on equity IRR above their capital cost.