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(MoneyNewsWire.Net, March 23, 2018 ) The Global Bottled Water Processing Market was worth USD 1.7 billion in 2016 and is estimated to be growing at a CAGR of 5.67%, to reach USD 2.24 billion by 2021. The market is showcasing moderate potential in the mentioned forecasting period. Water is an important product of our day to day to life and it is also important on chemical and microbiological levels. The main purpose of bottled water processing is to produce water that is free of pathogenic organisms and protozoa which would otherwise deteriorate the quality of water and reduce its shelf life. Growing health concerns related to drinking water boosts the global bottled water processing market.
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The art of processing water aims at purifying the water and make it fit for drinking. There are a wide range of technologies available which are used for the treatment of water. The technology involved for bottled water processing are reverse osmosis, microfiltration, chlorination, ultrafiltration, bottle washing and filling. Reverse osmosis, ultrafiltration, and microfiltration are membrane filtration technologies which are used for purification. A pressure driven technology is used for filtration which separates solids from liquids or gases by posing a medium through which only the liquid can pass. It is a significant tool which is used in many water processing industries.
The Bottled Water Processing Market is driven by the rapid growth in the purity requirements in the beverages sector. Additionally, the growing health concerns and subsequently the increased consumption of bottled water has added fuel in the growth of the market. The major factor restraining the growth of the bottled water processing market is the high capital investments required in the setting up of a new facility. Also, the waste created by bottled water in the form of plastic is a major concern for many environmentalists. These issues restrains the growth of the market.
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The Global Bottled Water Processing Market is broadly categorized into the equipment type (Filter, Bottle Washer, Filler, Capper, Blow Molder, Shrink Wrapper), the technology used (RO, UF, MF, Chlorination, Washing and Filling). Based on application, the market is further segmented into Still water, Flavoured water and Sparkling water. Still water accounted for the highest revenue of the overall market and Flavoured water is projected to witness highest growth rate during the forecast period. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Bottled Water Processing market was dominated by North America, with the overall market share of over 30% globally. North America was followed by Europe and Asia Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Some of the major companies dominating the Bottled Water Processing Market, by their products and services include Pall Corporation, General Electric, The Dow Chemical Co., Seychelles Environmental Technologies Inc., Velocity Equipment Solutions Inc., Norland International Inc., Liquid Packaging Solutions Inc., and Axeon Water Technologies.
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