Global $315+ Billion Bottled Water Processing Market Forecast: 2019-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 14, 2019--The “Bottled Water Processing Market by Technology, Equipment, Product Type, Packaging Material, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The bottled water processing market is projected to grow at a CAGR of 8.3% from 2018, to reach USD 315.96 billion by 2023.
The market is driven by an increase in the consumption of bottled water, technological innovations in bottled water processing equipment, and increasing awareness about water and wastewater treatment processes. Additionally, stringent regulatory norms and standards for water quality are expected to increase the demand for ultrafiltration and reverse osmosis filtration technologies during the forecast period.
The still water segment is estimated to account for the largest share in the bottled water market in 2018
On the basis of product type, the bottled water market is segmented into still water and sparkling water. The still water segment is further sub-segmented into still flavored and still unflavored water, while the sparkling water segment is further sub-segmented into sparkling flavored and sparkling unflavored water.
The still water segment is estimated to account for the largest share in 2018. Increasing consumption through bulk formats such as coolers, dispensers, and pumps have helped drive the total bottled water processing market forward. On the other hand, smaller pack formats of still bottled water have observed strong availability and demand for household purposes.
The plastic segment in the bottled water market is projected to record the fastest growth through 2023
On the basis of packaging material, the bottled water market is segmented into plastic, glass, and others (retort pouches, and can packaging). Based on the packaging material, the plastic segment is projected to record the highest growth in the bottled water market between 2018 and 2023.
Due to their low cost, versatility, and easy availability, plastics are used in a variety of applications. Properties such as durability, safety, hygiene, and lightness of weight have made plastic packaging popular. The upcoming trend of using plastic as a packaging material for bottled water includes the use of flexible packaging solutions such as pouches, which reduces the required amount of plastic resins used per package.
The major bottled water manufacturers are using PET (polyethylene terephthalate) plastic packaging solutions for potable drinking water. These factors are projected to drive the bottled water market during the forecast period significantly.
The bottled water processing market is projected to witness high growth in the Asia Pacific during the forecast period
The bottled water processing market in the Asia Pacific is projected to witness the highest growth during the forecast period. The Asia Pacific bottled water equipment market is witnessing a trend of offering integrated and multi-functional solutions, due to which the demand for processing, filling, capping and packaging machines are increasing.
The government initiatives pertaining to drinking water along with the increasing need for high-quality water are factors projected to propel the demand for bottled water equipment. These developments are projected to drive the growth of this market significantly in the Asia Pacific during the forecast period.
- Stringent Regulatory and Sustainability Policies Concerning the Environment
- Increase in Consumption of Bottled Water
- Increasing Awareness Regarding Water and Wastewater Treatment
- Technological Innovations in Bottled Water Equipment
- Scarcity of Energy Increases Operational Cost for the Bottled Water Processing Industry
- Growth Opportunities in the Asian Market
- Government Funds for SMEs
- Bottled Water Processors Demand After-Sales Services to Enhance Operational Efficiencies
- High Capital Investment for Bottled Water Equipment
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Periodization Considered
1.5 Currency Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in the Bottled Water Market
4.2 Bottled Water Equipment Market, By Region
4.3 Bottled Water Market, By Packaging Material
4.4 Bottled Water Equipment Market, By Technology
4.5 Bottled Water Market, By Region
5 Market Overview
5.3 Market Dynamics
6 Bottled Water Market, By Product Type
6.2 Still Water
6.3 Sparkling Water
7 Bottled Water Market, By Packaging Material
8 Bottled Water Equipment Market, By Equipment
8.3 Bottle Washers
8.4 Fillers & Cappers
8.5 Blow Molders
8.6 Shrink Wrappers
9 Bottled Water Equipment Market, By Technology
9.2 Ion Exchange and Demineralisation
10 Bottled Water Processing Market, By Region
10.2 North America
10.4 Asia Pacific
10.5 South America
10.6 Rest of the World
11 Competitive Landscape
11.2 Competitive Leadership Mapping
11.3 Bottled Water Equipment Market Ranking, By Key Player, 2017
12 Company Profiles
12.5 Tata Global Beverages
12.9 Alfa Laval
12.10 The 3M Company
12.11 Pall Corporation
12.12 Lenntech B.V.
For more information about this report visit https://www.researchandmarkets.com/research/cdgsrs/global_315?w=4
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Related Topics:Bottled Water
INDUSTRY KEYWORD: NATURAL RESOURCES OTHER NATURAL RESOURCES
SOURCE: Research and Markets
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PUB: 02/14/2019 01:05 PM/DISC: 02/14/2019 01:05 PM