BrandWeek: ‘Sales drought’ for big water bottlers
The market for bottled water may be drying up.
Despite massive discounting, brands like Aquafina and Poland Spring are experiencing a sales drought unlike any the category has ever seen. After almost a decade of triple and then double-digit growth, sales volume grew less than 1% for the first half of the year, per Beverage Digest, Bedford Hills, N.Y.
The chief culprit: the economy. Shoppers are less interested in paying for a product that they can get for free.