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The global bottled water processing market size is projected to reach USD 285.43 billion by the end of 2027. The presence of several large scale companies will emerge in favor of market growth. The increasing demand for bottled water will bode well for market growth. According to a report published by Fortune Business Insights, titled “Bottled Water Processing Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Filter, Bottle Washer, Filler & Capper, Blow Molder, and Others), By Technology (Reverse Osmosis (RO), Ultrafiltration (UF), Microfiltration (MF), Chlorination, and Others), By Application (Still Water, Sparkling Water, and Flavoured Water ) and Regional Forecast, 2020-2027” the market was worth USD 153.61 billion in 2019 and will exhibit a CAGR of 8.1% during the forecast period, 2020-2027.
Bottled water processing involves the purification of water that is available from natural bodies and making it ready for transport or portable use. The increasing demand for stored foods and the increasing awareness regarding environment friendly packaging has created several growth opportunities for the companies operating in the market. The rising awareness regarding the consumption of safe and reliable foods and the effects of consuming contaminated water will emerge in favor of market growth. Additionally, the massive investments in the research and development of efficient packaging, accounting to the increasing awareness regarding safe packaging will have a huge impact on the growth of the overall bottled water processing market in the foreseeable future. The presence of large scale local companies will contribute to market growth.
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Ice River Springs Takes Over Nestle Canada’s Pure Life Water
The report highlights a few of the major industry development of recent times and discusses their impact on the growth of the overall market. Accounting to the increasing awareness and subsequently rising demand for bottled water processing across the world, there has been an increase in the investments associated with research and development activities. Due to healthy market competition, companies are looking to integrate advanced concepts and adopt newer strategies with the aim of establishing a strong brand image. In July 2020, Ice River Springs announced that it has taken over Nestle Canada’s Pure Life bottled water business. The latter plans to prepare new bottling water permits and in doing so, establish a wider consumer base across the world. Increasing number of such company collaborations will have a huge impact on the growth of the overall market in the forthcoming years.
Increasing Investments in Developing Efficient Packaging Will Emerge in Favor of Market Growth
The increasing awareness regarding the importance of safe and reliable packaging will have a huge impact on the growth of the overall market in the coming years. The presence of several large scale companies will provide impetus to the growth of the market in the foreseeable future. The rising investments in the integration of sustainable products in bottled water will create several opportunities for market growth.
SUEZ, Dow Chemical Company, Nestle, PepsiCo, and Coca Cola are Among the Leading Companies in the Market
The increasing awareness regarding the importance of bottled water processing has encouraged companies to integrate advanced concepts. The massive investments in processing will yield a few exceptional products in the coming years. SUEZ, Dow Chemical Company, Nestle, PepsiCo, Coca-Cola are among the leading companies that have been in the limelight in the past few years.
List of companies profiled in the report:
The global market is segmented on the basis of:
Value (USD billion)
By Equipment Type