Now ‘water’ will also become expensive in India! A new crisis is looming amid the Iran war

The impact of the ongoing war in the Middle East is now visible on India’s packaged drinking water market as well. The cost of bottled water is rising rapidly due to rising global oil prices and supply chain disruptions. Sources associated with the industry say that this may have a direct impact on the pockets of consumers in the coming days.

According to reports, India’s packaged water market is believed to be worth around $5 billion and is among the fastest growing markets in the world. According to experts, the quality of groundwater remains a major challenge in the country. According to research, about 70 percent of groundwater in India is polluted in some form or the other, due to which a large population depends on bottled water for safe drinking water.

Just before the summer season, the increasing cost pressure on this industry is becoming a cause for concern. Many packaged water companies have told in letters sent to their distributors that due to the war, the prices of raw materials are increasing rapidly. Due to this, some companies have already started increasing prices at the distribution level.

According to industry data, there has been a big jump in the price of polymer used in making plastic bottles. Polymer is made from crude oil and the rise in global oil prices has a direct impact on it. The cost of bottling material per kilogram has increased by nearly 50 percent in recent weeks.

The prices of not only the bottle, but also its lid, label and packaging material are increasing rapidly. According to the industry, the price of bottle caps has more than doubled. At the same time, the cost of corrugated boxes, labels and adhesive tapes used for packaging has also increased significantly.

Industry experts say that if global oil prices continue to rise and the supply chain does not improve, we may see an increase in the retail prices of bottled water in the coming months. In such a situation, it can prove to be an additional financial burden for consumers dependent on bottled water during the scorching heat.

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