The Bottled Water Processing Market is Projected to Grow at a CAGR of 8% from 2020, to Reach USD 403 Billion by 2028
The Global Bottled Water Processing Market was valued at USD 218 billion in 2020 and is estimated to grow at a Compound Annual growth rate (CAGR) of 8% between 2021 to 2028. Bottled Water is put through various processes before getting packaged. These procedures include Reverse Osmosis Water System, Ultrafiltration, Microfiltration, and Chlorination. Post these processes the water is cleansed and purified before being fit packed into bottles. It is estimated that there will be a rise in demand for packaged potable water. Asia Pacific region has played a substantial role in Bottled Water Processing Market. As a result of this growing demand for potable water, drinking water processing equipment manufacturers are choosing membrane filtration technologies. This is used to eliminate unwanted elements from water and to boost the standard and shelf-life of drinking water.
There has been a shift from tap water to bottled water due to the hygiene issues subject to tap water. Tap water is often sourced from contaminated water bodies and results in poor hygiene. This thought among the public has resulted in the shift to gallon-sized bottled water. Furthermore, the straightforward availability of drinking water for everybody at reasonable prices has led to the rise of its demand. This rise in demand has encouraged water processing firms to start out new plants to satisfy the increasing needs of the market Consumption of drinking water has increased over the last decade all around the world as a result of the increasing health awareness and body hydration benefits. Several government organizations and health federations across developed and developing countries are advocating policies and regulations to push and adopt a set of guidelines on water intake and healthy hydration.
The major factor that is obstructing the Bottled Water Processing Market growth is the improper discard of plastic products has led to rising unfavorable environmental effects. This awareness among the general public has resulted in very few customers switching from Bottled Water to whole-house water filtration systems or maybe in-house RO & UV water purifiers. the large cost required for putting in place new water processing facilities is primarily hampering Bottled Water Processing Market growth. the businesses during this market are expected to create large investments in installing new and advanced Water Processing machines. Moreover, these machines require regular maintenance for their efficient and safe operations, incurring high costs to the processing companies.
The Global Bottled Water Processing Market is segmented on the basis of Technology, the Bottled Water Processing Market can be divided into Reverse Osmosis, Ultrafiltration, Microfiltration, Chlorination, Bottle Washing & Filling, Others. On the basis of Equipment, the market is divided into Filters, Bottle Washers, Fillers & Cappers, Blow Molders, Shrink Wrappers, Others. On the basis of Application, the Bottled Water Processing Market is divided into Still Water, Bottled Water, and Flavoured Water.
The Asia Pacific is estimated to account for the largest market share in the Bottled Water Processing Market in 2020. The region is projected to supply huge growth potential to the bottled water processing market. The region is witnessing large growth due to the rapid economic growth in countries like India and China. It is attracting investors for setting up production facilities due to the convenience of availability of raw materials, skilled labor, land, and equipment at lower costs. The sales of bottled water equipment are mainly concentrated during this region,
Some of the major players operating within the global bottled water include Processing market includes Axeon Water Technologies, Inline Filling Systems Inc., Koch Membrane Systems Inc., Liquid Packaging Solutions Inc., Norland International Inc., PALL Corporation, The DOW Chemical Co., Velocity Equipment Solutions Inc. Lenntech and Tata Global Beverages