Global Bottled Water Processing Market is anticipated to flourish at a CAGR of 5.0% over the Forecast Period (2018-2023) - Techsci Research


Posted February 5, 2019 by James_Smith

Global Bottled Water Processing Market is projected to reach USD 2.35 Billion by 2023, witnessing growth at a CAGR of over 5%, in value terms owing to the rising consumption of bottled mineral water globally.

 
Global Bottled Water Processing Market is projected to reach USD 2.35 Billion by 2023, witnessing growth at a CAGR of over 5%, in value terms owing to the rising consumption of bottled mineral water globally. Moreover, rising concerns related to water contamination as a result of toxic waste dumping in water bodies coupled with the technological advancements in bottled water processing equipment will propel the growth of the market in the forecast period. Based on the technology, the Global Bottled Water Processing market is dominated by Reverse Osmosis, which is expected to maintain its position in the forecast period due to its widespread use as a water-purifying technology as it is cost effective.

Based on the equipment, the Blow moulding segment holds the largest market share and is projected to lead the market in the forecast period as it is widely used for PET bottles. North America region leads the Bottled Water Processing market due to strict regulations imposed by the government to ensure water safety. Asia-Pacific region is projected to grow at the highest CAGR in the future due to growing investments in water testing by countries like India and China.

Some of the leading players in the Global Bottled Water Processing Market are General Electric (GE) Water & Process Technologies, The DOW Chemical Co., Koch Membrane Systems Inc., PALL Corporation, Seychelles Environmental Technologies Inc., Liquid Packaging Solutions Inc, Velocity Equipment Solutions Inc, Axeon Water Technologies, Norland International Inc, Inline Filling Systems Inc etc.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Bottled Water Processing service providers which could not be identified due to the limitations of secondary research. TechSci Research analysed the retailers, distribution channels and presence of all major Service providers across the globe.

TechSci Research calculated the market size of Global Bottled Water Processing Market using a bottom-up approach, where data for various product types recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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Issued By Ken Mathews
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Categories Business , Marketing , News
Tags bottled water processing market , bottled water processing market analysis , bottled water processing market demand , bottled water processing market forecast , bottled water processing market growth , bottled water processing market share , global bottled water processing market , united states bottled water processing market
Last Updated February 5, 2019