Bottled Water Processing Market size, share, Growth
Bottled Water Processing Market was worth USD 2.0 billion in 2019 and is estimated to be growing at a CAGR of 5.73%, to reach USD 2.7 billion by 2024.
Bottled Water Processing Market Overview:
Bottled Water Processing Market was worth USD 2.0 billion in 2019 and is estimated to be growing at a CAGR of 5.73%, to reach USD 2.7 billion by 2024. 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.
Bottled Water Processing Market Drivers and Restraints:
The Bottled Water Processing 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 has 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. These issues restrains the growth of the market.
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Report segmented as
By Equipment:
• Filter
• Bottle Washer
• Filler
• Capper
• Blow Molder
• Shrink Wrapper
By Technology:
• RO
• UF
• MF
• Chlorination,
• Washing,
• Filling
By Application:
• Still
• Flavoured
• Sparkling
Geographical Analysis of Bottled Water Processing Market:
On the basis of geography, the global market is analysed 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.
Important Key Players of Bottled Water Processing Market:
Some of the major companies dominating the Bottled Water Processing Market, by their products and services include Pall Corporation, General Electric, The Dow Chemical Co., Seychelles Environmental Technologies Inc., Velocity Equipment Solutions Inc., Norland International Inc., Liquid Packaging Solutions Inc., and Axeon Water Technologies.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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