The bottled water processing market
is
projected to grow at a significant growth rate due to factors such as increase
in trends of premium & functional water, rapid urbanization, rise in
disposable income, growth in retail channels across the globe, and rise in
investments by key players in this market. Safety and portability of drinking
water have become a global concern, as the rapidly increasing population and
industrialization place pressure on existing water resources, forcing many
consumers to turn to bottled water for drinking purpose, other than natural
resources. The bottled water processing market is estimated to account for
about USD 211.61 billion in 2018 and is projected to reach a value of about USD
315.96 billion by 2023, at a CAGR of 8.3%.
The plastic segment is estimated to dominate the global bottled
water market in 2018
By packaging
material, the plastic segment is estimated to dominate the global bottled water
market in 2018. Properties such as durability, safety, hygiene, and lightness
of weight have made plastic packaging popular. The upcoming trend of using
plastic as a packaging material for bottled water includes the use of flexible
packaging solutions such as pouches, which reduce the required amount of
plastic resins used per package. The major bottled water manufacturers are
using PET (polyethylene terephthalate) plastic packaging solutions for potable
drinking water. Bottled water manufacturers are also using bio-based packaging
materials, which consist of renewable resources for the production and
commercialization of PET plastic bottled water products.
The filters
segment is estimated to account for the largest share in the bottled water
equipment market in 2018.
By equipment,
the filters segment is estimated to account for the largest share in the
bottled water equipment market in 2018. Filters are majorly used for the
removal of visible particles and for eliminating the microorganisms from
potable water. The filtration process is one of the key methods used for the purification
and desalination of water. The major membrane filtration techniques used for
processing bottled water includes microfiltration (MF), ultrafiltration (UF),
and nanofiltration (NF).
The Asia Pacific market is projected to grow at the highest CAGR
in the global bottled water processing market during the forecast period.
Asia Pacific is
a flourishing market for domestic manufacturers such as Aqua Pro systems
(India) and Ion Exchange Ltd (India). These key players have manufacturing
sites in this region and are focusing on increasing their production
capacities. This region has also witnessed significant growth in the
manufacturing activities of these equipment due to the support of local
governments. Increasing investments in R&D activities is also one of the
factors driving the market in the Asia Pacific.
Key Market Players
The key players
in the bottled water equipment market include DowDuPont (US), GEA (Germany),
Alfa Laval (Sweden), The 3M Company (US), Lenntech B.V. (South Holland), Suez
(US), Pall Corporation (US); and prominent players in the global bottled water
market including Nestlé (Switzerland), PepsiCo (US), Coca-Cola (US), Danone
(France), and Tata Global Beverages (India). These players are focusing on
improving their presence by undertaking new product launches, acquisitions,
expansions, and partnerships & collaborations, along with developing
products specific to the requirements of consumers and their preferences in
these regions. These companies have a strong presence in Europe, North America,
and Asia Pacific. They have also set up manufacturing facilities in various
regions and have strong distribution networks.