Bottled Water Processing Market Will Reach USD 2.24 billion by 2021
Posted by rohan on January 20th, 2018
According to the report “Bottled Water Processing Market By Equipment (Filter, Bottle Washer, Filler, Capper, Blow Molder, Shrink Wrapper), By Technology (RO, UF, MF, Chlorination, Washing, Filling), By Application (Still, Flavored, Sparkling), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Global Bottled Water Processing Market was worth USD 1.7 billion in 2016 and is estimated to be growing at a CAGR of 5.67%%, to reach USD 2.24 billion by 2021.
Browse 180 pages of research report on Global Bottled Water Processing Market @ http://www.marketdataforecast.com/market-reports/global-bottled-water-processing-market-2562/
Global Bottled Water Processing Market Overview:
The market is showcasing moderate potential in the mentioned forecasting period. Water is an important product of our day to day to life and it is also important on chemical and microbiological levels. The main purpose of bottled water processing is to produce water that is free of pathogenic organisms and protozoa which would otherwise deteriorate the quality of water and reduce its shelf life. Growing health concerns related to drinking water boosts the global bottled water processing market.
The market is driven by the rapid growth in the purity requirements in the beverages sector. Additionally, the growing health concerns and subsequently the increased consumption of bottled water have added fuel in the growth of the market. The major factor restraining the growth of the bottled water processing market is the high capital investments required in the setting up of a new facility. Also, the waste created by bottled water in the form of plastic is a major concern for many environmentalists. This issue restrains the growth of the market.
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Global Bottled Water Processing Market Segmentation:
The Global Bottled Water Processing Market is broadly categorized into the equipment type (Filter, Bottle Washer, Filler, Capper, Blow Molder, Shrink Wrapper), the technology used (RO, UF, MF, Chlorination, Washing and Filling). Based on application, the market is further segmented into Still water, flavored water and Sparkling water. Still water accounted for the highest revenue of the overall market and flavored water is projected to witness highest growth rate during the forecast period. On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Bottled Water Processing market was dominated by North America, with the overall market share of over 30% globally. North America was followed by Europe and Asia Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Some of the major companies dominating the market are:
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About the Authorrohan
Joined: September 20th, 2017
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