Starting a water business can be a lucrative and rewarding venture. The global bottled water market is expected to reach $391.41 billion by 2027, growing at a CAGR of 9.5% from 2020 to 2027. The demand for clean, safe drinking water is only increasing, as more and more people become aware of the health risks associated with contaminated water. Starting a water business can be a great way to tap into this growing market, whether you’re looking to start a small local operation or a large-scale bottling plant.
If you’re thinking about starting a water business, there are a few things you’ll need to do to get started. First, you’ll need to develop a business plan. This will outline your company’s goals, strategies, and financial projections. You’ll also need to choose a business structure, such as a sole proprietorship, partnership, or LLC. Once you have a business plan and a business structure, you’ll need to obtain the necessary licenses and permits. These will vary depending on your location, but they typically include a business license, a water permit, and a health permit. You’ll also need to find a reliable source of water. This could be a municipal water supply, a private well, or a spring. Once you have a source of water, you’ll need to purchase the equipment necessary to bottle and distribute your water. This equipment can include a water filtration system, a bottling machine, and a delivery truck. You’ll also need to develop a marketing plan to promote your business and attract customers. This could include advertising, social media marketing, and public relations.
