Global bottled water processing market has been projected to reach the 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.
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.
The rising disposable income, increasing awareness of consumers with regards to hygiene and product quality and the rising demand for better convenience are driving the bottled water sales hence the bottled water processing equipment market. The significant changes in dietary preference among consumers has spurred the demand for nutrition and aromatized water. This calls for advancements in bottled water processing. In Asia Pacific for instance, there is high dependence on natural sources of water, making wastewater treatment imperative in the region.
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“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,” –Nandini Roy Choudhury, Client Partner at Future Market Insights
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.
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 importance of essential resources support demand.
- New flavored product launches for millennial consumer demographics will support the market growth through 2029.
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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 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.
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Bottled Water Processing Equipment Market Taxonomy
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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