Due to the opposition of government departments and the public, the two giants of the international beverage industry, Coca-Cola and Pepsi, are faced with the problem of recycling plastic containers.
Yesterday, the British Ministry of the Environment, Food and Rural Affairs and the City of San Francisco stated that bottled water wastes a lot of plastics and energy, and they are concerned about this. "Tap water can completely replace bottled water," said the relevant official in the government department.
As the problem of carbonated beverages has become increasingly severe, both Coca-Cola and Pepsi are working on the non-carbonated beverage business. According to a statistic, the current global sales of carbonated beverages have already relegated to second place in the beverage industry. With this, bottled water brings billions of dollars worth of market value to beverage manufacturers.
At the end of May this year, Coca-Cola negotiated with the second largest bottled water company in the UK, Highland Spring, and plans to acquire the company for a price of 500 million pounds (about 1 billion U.S. dollars). Prior to this, Coca-Cola officially stated that it would purchase vitamin beverage maker Glaceau for $4.1 billion in cash.
Some analysts believe that widespread criticism of bottled water by consumers and governments may impact the billion-dollar market and cause Coca-Cola, PepsiCo and Nestlé to lose an important source of profit.
Yesterday, the British Ministry of the Environment, Food and Rural Affairs and the City of San Francisco stated that bottled water wastes a lot of plastics and energy, and they are concerned about this. "Tap water can completely replace bottled water," said the relevant official in the government department.
As the problem of carbonated beverages has become increasingly severe, both Coca-Cola and Pepsi are working on the non-carbonated beverage business. According to a statistic, the current global sales of carbonated beverages have already relegated to second place in the beverage industry. With this, bottled water brings billions of dollars worth of market value to beverage manufacturers.
At the end of May this year, Coca-Cola negotiated with the second largest bottled water company in the UK, Highland Spring, and plans to acquire the company for a price of 500 million pounds (about 1 billion U.S. dollars). Prior to this, Coca-Cola officially stated that it would purchase vitamin beverage maker Glaceau for $4.1 billion in cash.
Some analysts believe that widespread criticism of bottled water by consumers and governments may impact the billion-dollar market and cause Coca-Cola, PepsiCo and Nestlé to lose an important source of profit.
A
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