According to MarketsandMarkets the bottled water processing market is projected to grow at a CAGR of 8.3% from 2018, to reach USD 315.96 billion by 2022. The market is driven by an increase in the consumption of bottled water, technological innovations in bottled water processing equipment, and increasing awareness about water and wastewater treatment processes. Additionally, stringent regulatory norms and standards for water quality are expected to increase the demand for ultrafiltration and reverse osmosis filtration technologies during the forecast period.
The plastic segment in the bottled water market is projected to record the fastest growth through 2023
On the basis of packaging material, the bottled water market is segmented into plastic, glass, and others (retort pouches, and can packaging). Based on packaging material, the plastic segment is projected to record the highest growth in the bottled water market between 2018 and 2023. Due to their low cost, versatility, and easy availability, plastics are used in a variety of applications. 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 reduces 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. These factors are projected to drive the bottled water market during the forecast period significantly.
Based on technology
The bottled water equipment market segmentation includes ion exchange and demineralization, filtration, disinfection, and packaging. The filtration segment is projected to witness the fastest growth from 2018 to 2023. Filtration is the method of eliminating suspended solids and colloidal particles from water & wastewater by passing it through a permeable or porous bed of materials. Membrane filtration is gradually replacing traditional water and wastewater treatment technologies such as physical filtration or biological and chemical treatment. This technology is gaining acceptance and widely being utilized throughout the world, as it is an effective, efficient, easy-to-use, and economical water treatment method available.
The key players in the bottled water processing market include the players from the bottled water market and the bottled water equipment market. These key players focused on various business strategies such as new product launches, partnerships, and collaborations to enhance their presence in the bottled water processing market. Key players such as GEA (Germany), Suez (US), and DowDuPont (US), Nestlé (Switzerland), PepsiCo (US), undertook these strategies to improve their distribution network, gain a stronger foothold, and enhance their market shares. Major players in the bottled water processing market are making efforts to diversify their business in Asia Pacific, the Middle Eastern, and South American regions due to enormous growth potential in countries such as India and China for the clean water.
This research report categorizes the bottled water processing market based on product type, packaging material, equipment, technology, and region.
On the basis of product type, the bottled water processing (bottled water) market has been segmented as follows:
- Still water
- Still flavored water
- Still unflavored water
- Sparkling water
- Sparkling flavored water
- Sparkling unflavored water
On the basis of equipment, the bottled water processing (bottled water equipment) market has been segmented as follows:
- Filters and cappers
- Blow molders
- Shrink wrappers
- Bottle washers
- Others (include case packing equipment, labeling equipment, quality control instruments, and miscellaneous tools)