That’s $1,065.80 annually. The water itself accounts for less than $0.00001 and the rest is a markup based on plastic bottle production, including packaging, marketing, and other factors to increase the price. So if you’d like to save over $1,000 each year and help contribute to making the Earth a bit more environmentally friendly, perhaps it’s time to take the plunge and switch from bottled water to tap water. Why not supply it in a way that is less of a cost on all levels? All Rights Reserved. For example, if 50 people decide to eliminate bottled water from their daily routines, that’s already 1,500 plastic bottles that aren’t going to end up in a landfill or the ocean every month. Learn Where All Your Money Goes and Fix Budget Leaks, How to Create a Monthly Budget While on Food Stamps. The number of bottles sold has risen consistently since the 1990s, ultimately comprising 22% of the beverage category in 2018 (versus just 16.5% in 2013).. Research shows approximately 91% of plastic isn’t recycled and much of this ends up in our oceans. Plastics News. When it comes to staying hydrated, many don’t enjoy the taste of plain tap water because of the additional chemicals and sediments that often lace city water pipes. According to the Beverage Marketing Corporation (BMC), the average wholesale price per gallon of domestic non-sparkling bottled water was $1.11 in 2016.As a popular retail food product, bottled water is available at many differing price points. Torrey Kim is a former writer The Balance. 1700 Diagonal Road It seems like a lot to risk for a resource that, in most areas, is readily available at a fraction of the cost. In today’s world where consumers buy more bottled water than any other bottled beverage, the demand for filtered, delicious water is evident. BMC also notes that research shows consumers most often tend to buy bottled water in bulk from supermarkets or large discount retailers as they often prefer to purchase bottled water in cost-saving volume. According to a 2018 report from the Food and Water Watch organization, almost 64% of bottled water sold today is derived from municipal tap water.. However, there’s no need to compromise taste for convenience when you can get both from FloWater’s Water Refill Station. This delivery system transforms tap water into purified drinking water that tastes crisp and clean without putting an additional strain on the environment. It even offers something more purified, This delivery system transforms tap water into purified drinking water that tastes crisp and clean without putting an additional strain on the environment. 1 beverage in the United States," Accessed Oct. 22, 2019. These stations are designed to hold seven gallons of purified water available on-demand to meet the needs of the largest of crowds. Economic and Environmental Cost Breakdown of Bottled Water The average plastic bottle of water costs $1.29. When you factor that number to the billions of people that make up the planet, that’s quite a difference that can be made from one small change. Plastic waste pollutes our waters, disrupts marine ecosystems, and affects the availability of fish and other seafood. that’s readily available and reduces your carbon footprint, but you are also lowering the cost of bottled water for yourself as well as for the future generations. By setting up a water refill system that is eco-conscious and can deliver to a high capacity of people, it changes the drinking water game. At WaterTech, We Believe There is a Better Solution. At a unit price, that’s about 4 cents per ounce. U.S. Department of Energy. Suite 650 From the amount of energy that’s needed for plastic bottle production to the landfill waste that continues to pile up without decomposition, bottled water is costly. "2018 State of the Beverage Industry: Bottled water remains the No. If you feel like your tap water has a taste that doesn’t appeal to you, consider getting an inexpensive water filter that will remove chemicals and other compounds before you drink the resulting water. Many people say they prefer the taste of bottled water over tap water, but in reality, those who favor bottled water are probably already drinking water pulled from public sources. “When bottlers are not selling municipal water, they are pumping and selling common water resources that belong to the public, harming the environment, and depleting community water supplies,” reads the study. The danger of plastic waste is alarming but without ready-made solutions to take its place, people will continue to rely on convenience versus how much it affects the planet long-term. It takes: Plastic bottles meant for recycling centers often end up in landfills where it will take hundreds of years from them to decompose fully. "Water and Wastewater Annual Price Escalation Rates for Selected Cities across the United States," Page 6. Women: 4 cents per ounce x 73 ounces daily = $2.92 per day. "Dietary Reference Intakes for Water, Potassium, Sodium, Chloride, and Sulfate," Page 73. The National Academies of Sciences, Engineering and Medicine recommends that men consume about 125 ounces of fluid a day and women should drink about 91 ounces daily. Since 20% of this consumption typically comes from food and 80% is derived from beverages, we’ll assume that men consume about 100 ounces of fluid a day and women drink about 73 ounces. However, for the sake of this calculation, we’ll assume you’re buying in bulk if you exclusively drink bottled water, thus using the 70 cent-per-bottle cost. The water itself accounts for less than $0.00001 and the rest is a markup based on plastic bottle production, including packaging, marketing, and other factors to increase the price. Women: $0.000027 per ounce x 73 ounces daily = $0.0020 per day. She covered budgeting, saving money, and couponing.