Bottled Water Processing Equipment Market - Detailed Account Of Growth Drivers, Trends, Opportunities, And Challenges Impacting By 2030
The Bottled Water Processing Equipment Market has experienced significant growth in recent years, driven by the increasing demand for packaged drinking water worldwide. Bottled water has become a preferred choice for consumers seeking convenience, purity, and portability. The rise in health consciousness, coupled with growing concerns over water quality, has further fueled the market’s expansion.
Rising issues related to water pollution as a result of
hazardous waste disposal in water bodies coupled with the technological
advances in bottled water processing equipment will drive the market.
Extensive restrictive measures set up by governments around
the world to combat the global coronavirus outbreak are creating logistical
challenges for the bottled water processing sector. While this is
creating new bottlenecks in the sector, consumers continue to prefer
stockpiling of essential commodities. This remains the key factor sustaining
demand for bottled water even during the global COVID-19 crisis.
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The global bottled water processing market has been
projected to reach a valuation of over US$ 392 Bn between 2019 and 2029, as
indicated by a new Future Market Insights (FMI) report. Bottled water
processing activities will remain strong amid the pandemic, as a lack of
adequate clean drinking water continues to be a critical problem across several
economies.
Key Takeaways of Bottled Water Processing Market Study
- Sales
of still water will continue to hold the lead for drinking water
applications, while demand for sparkling water is witnessing a higher
growth rate.
- Demand
for PET bottle packaging is set to remain significant owing to lower costs
and durability.
- Reverse
osmosis applications will hold pole position, while ultrafiltration will
gain ground as a lucrative application area during the forecast period.
- Asia
Pacific will hold a major share of the global bottled water processing
market, driven by rapid population growth and extensive contamination of
drinking water resources in the region.
“A key factor driving growth of the global bottled water
processing market is the rising demand for high-quality water from consumers
with health concerns during the pandemic. Further, attractive packaging and
product launches offered by leading players are likely to aid growth in the
market,” says the FMI analyst.
Bottled Water Processing Market – Key Growth Factors
- High
consumption of bottled water and tech advances in processing equipment are
the primary factors sustaining growth through the forecast period.
- Changes
in government policies towards water resources drive the market growth
through the forecast period.
- Rising
awareness among consumers on water and wastewater treatment procedures and
the importance of essential resources support demand.
- New
flavored product launches for millennial consumer demographics will
support the market growth through 2029.
Explore the full bottled water processing market report
with 112 illustrative figures, 128 data tables, and table of contents.
Bottled Water Processing Market – Key Restraints
- High
capital requirements for the development of new production facilities
hinder market growth.
- Environmental
concerns of associated with the production of bottled water, and pollution
from plastic bottle waste is having a negative impact on the market.
Impact of COVID-19 on the Bottled Water Processing Market
While the COVID-19 virus continues to spread rapidly, the
global demand for bottled water is anticipated to stay high. In addition, the
growth in demand is also supported by government initiatives to provide
populations in remote locations with essential commodities under the lockdown
period. The outbreak is expected to generate bottlenecks owing to supply chain
disruptions.
The demand for bottled water is unlikely to go down during
the pandemic, sustaining sales in the market. Stockpiling activities by consumers
would create temporary shortages of bottled water but creating lucrative
opportunities in the near future.
Competitive Landscape of Bottled Water Processing Market
Some of the major companies profiled in this FMI report
include but are not limited to, Axeon Water Technologies, Pall Corporation,
NorlandInternational Inc., Dow Chemical Co., Seychelles Environmental
Technologies Inc., Velocity Equipment Solutions Inc., General Electric, and
Liquid Packaging Solutions Inc. Players in bottled water processing market are
leveraging consumer concerns about chemical pollutants, and the lack of
legislation for the protection of safe drinking water around the world.
BOTTLED WATER PROCESSING EQUIPMENT MARKET TAXONOMY
The global Bottled Water Processing market is segmented
in detail to cover every aspect of the market and present complete market intelligence
to readers.
Equipment
- Filter
- Bottle
washer
- Filler
& capper
- Blow
molder
- Shrink
wrapper
Technology
- RO
- UF
- MF
- Chlorination
- Washing
- Filling
Application
- Flavored
water
- Mineral
water
- Still
water
- Spring
water
Information Source:
https://www.futuremarketinsights.com/reports/bottled-water-processing-market
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