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.