The GlobalBottled Water ProcessingMarket was valued at USD 218 billion in 2020 andis estimatedto grow at a Compound Annualgrowth 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 beingfitpacked into bottles. It is estimated that there will be a risein demand for packagedpotablewater.Asia Pacific region has playeda substantialrolein Bottled WaterProcessing Market. As aresult ofthis growing demand for potable water,drinking waterprocessing equipment manufacturers arechoosingmembrane filtration technologies. This is used to eliminate unwanted elements from water andto boostthe standardand shelf-life of drinkingwater.
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 straightforwardavailability ofdrinking waterfor everybodyat reasonable prices has led to the rise of its demand. This rise in demand has encouraged water processing firmsto start outnew plantsto satisfythe increasing needs of the market Consumption ofdrinking waterhas increased over the last decade allaround theworldas a result ofthe increasing health awareness and body hydration benefits. Several government organizations and health federations across developed and developing countries are advocating policies and regulationsto pushand adopt a set of guidelines on water intake and healthy hydration.
The majorfactorthat isobstructing the Bottled Water Processing Market growth is the improper discard of plastic products has led to rising unfavorable environmental effects. This awareness amongthe general publichas resultedin veryfew customers switching fromBottled Waterto whole-house water filtration systemsor maybein-house RO & UV water purifiers.the largecostrequired forputting in placenew water processing facilities is primarily hamperingBottled WaterProcessing Market growth.the businessesduring thismarket are expectedto createlarge investments in installing new and advanced Water Processing machines. Moreover, these machines require regular maintenancefor theirefficient and safe operations, incurring high costs to the processing companies.
The GlobalBottled WaterProcessing Market is segmented onthe basisof Technology, the Bottled WaterProcessingMarket can be dividedinto Reverse Osmosis, Ultrafiltration, Microfiltration, Chlorination, Bottle Washing & Filling, Others. Onthe basisof Equipment, the marketis dividedinto Filters, Bottle Washers, Fillers & Cappers, Blow Molders, Shrink Wrappers, Others. Onthe basisof Application,the Bottled Water Processing Market isdivided into Still Water,Bottled Water, and Flavoured Water.
The Asia Pacific is estimated to account forthe largestmarket share intheBottled WaterProcessing Market in 2020. The region is projectedto supplyhuge growth potential to thebottled waterprocessing market. The region is witnessing largegrowthdue tothe rapideconomic growthin countrieslikeIndia and China.It isattracting investors forsetting upproduction facilitiesdue tothe convenienceof availability of raw materials, skilled labor, land, and equipment at lower costs. The sales ofbottled waterequipment are mainly concentratedduring thisregion,
Some ofthe major players operatingwithin theglobalbottled water includeProcessing 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