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Bottled Water Processing Market - New Revenue Pockets
Water as a healthy drink choice and bottled water as the healthiest packaged beverage option is on the rise compared to soft drinks. A consumerís interest for bottled water includes its association with health, convenience, safety, and value. In addition, many consumers prefer the taste of bottled water. Bottled water in the U.S. is widely regulated by the Food and Drug Administration (FDA) as a packaged food product and it provides a consistently safe and reliable source of drinking water. Many bottled water manufacturers are launching new bottled water products with exotic flavoring, bold and attractive packaging. They are also bringing to market a wider range of flavor bottled water.
This growth in demand for bottled water in terms of both quantity as well as quality as per governmental regulations drives the bottled water processing market. The Asia-Pacific market is expected to grow at the highest CAGR of 6.2% by 2019 in the bottled water processing market due to huge growth opportunity of bottled water industry in countries such as India China, Indonesia, Thailand, and Malaysia. High volume consumption, bulk water purchases, shifting trends in drinking habits, and rising disposable income are some of the qualities which are driving the bottled water processing market in these countries.
The North American region accounted for the largest share ~30% of the global bottled water processing market in 2013. The U.S. accounted for the largest market in the world in 2013, while India and China is projected to be the fastest-growing market for the next five years. Germany and Italy were the two major bottled water consumers in 2013 in Europe and are projected to grow at a CAGR of 6.5% and 6.1% respectively, between 2014 and 2019. The increasing consumption of bottled water in different formats in matured markets such as North America and Europe is projected to drive the bottled water processing market in these regions for the period under consideration.
Asia-Pacific is projected to be the fastest-growing bottled water processing market globally for the period under consideration. The market is projected to grow significantly at a CAGR of 6.2% during 2014 to 2019. Key players such as General Electric Co. (U.S.), Pall Corporation (U.S.), and The Dow Chemical Co. (U.S.) have expanded their geographical presence in the Asia-Pacific countries such as China and India; the region is projected to be the fastest-growing bottled water processing market globally in coming five years.
The filter segment is projected to be the fastest-growing in the next five years owing to its increasing usage for purification of source water. The market is projected to grow considerably at a CAGR of 6.0% between 2014 and 2019. The reverse osmosis segment dominated the market in 2013 and is projected to grow at the highest CAGR of 6.1% from 2014 to 2019.
Bottled Water Processing Market by Equipment (Filter, Bottle washer, Filler, Capper, Blow molder, Shrink wrapper), Technology (RO, UF, MF, Chlorination, Washing, Filling), Application (Still, Flavored, Sparkling) & Region - Trends & Forecasts to 2019
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