Iran war could make beer and bottled water pricier for Indians
AI Summary
The war with Iran is impacting India's $6 billion bottled water industry, potentially raising prices for consumers as manufacturers struggle to obtain raw materials. Bottled water prices have already increased, with market leader Bisleri raising prices by 11%. India relies heavily on bottled water, especially during the hot summer months, due to limited access to potable water. The rising cost of crude oil, used to produce PET resin pellets for plastic bottles, is a major factor driving up prices. Disruption to global shipping routes through the Strait of Hormuz has caused fuel prices to soar, increasing the cost of preforms, leading to temporary shutdowns of some bottle manufacturing plants in Maharashtra state. A prolonged war could make bottled water prohibitively expensive for many Indians.
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AI-ExtractedAbout 15% of urban households and 6% of rural households depend on bottled water for drinking.
Bisleri increased prices by 11%, making a box of 12 one-litre bottles costlier by 24 rupees.
About 20% of bottle manufacturing plants in Maharashtra state have temporarily shut operations.
The war with Iran is already putting India's $6bn bottled water industry under strain.
If things get worse, customers are likely to face the heat.
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