India's bottled water industry faces price pressure from Iran conflict
Business
India's $6 billion bottled water industry is feeling the heat from the Iran conflict.
With crude oil prices rising, making plastic bottles now costs more, so brands like Bisleri have bumped up their prices by 11%.
Plus, trouble at the Strait of Hormuz has pushed up fuel costs.
Multiple sectors face higher operating costs
It's not just bottled water: packaging and beverage companies are also struggling.
PET plastic (used for bottles) is pricier; glass bottle costs have jumped 20% due to natural gas shortages, and breweries are asking for price hikes too.
Even ceramics and fertilizer are facing higher operating costs, showing how one conflict can shake up a lot of industries at once.