Bottled Water Processing System Market to Reach $68.7 Billion: Quenching the World’s Thirst
increasing health awareness amongst masses, increasing water scarcity, and increase in urbanization.
PORTLAND, UNITED STATES, October 5, 2023 /EINPresswire.com/ — In a world where access to safe drinking water is of paramount importance, the Bottled Water Processing System Market is making waves. Allied Market Research has recently published a report titled “Bottled Water Processing System Market,” which reveals that this market was valued at $39.4 billion in 2022 and is projected to reach an impressive $68.7 billion by 2032, boasting a Compound Annual Growth Rate (CAGR) of 5.6% from 2023 to 2032.
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Driving Factors
The global population is becoming increasingly aware of the significance of safe drinking water, driven by growing concerns about water pollution and contamination. Bottled water, perceived as a reliable and safe alternative, undergoes rigorous filtration, purification, and quality control processes. Moreover, bottled water processing systems employ standardized and efficient manufacturing processes to produce large quantities of bottled water, including essential operations such as water treatment, filtration, purification, and bottling. Automated systems and machinery are also utilized to maximize production output while maintaining high-quality standards. All these factors are contributing to the growth of the bottled water processing system market.
However, government regulations can act as a restraint on market growth. Nonetheless, the rising popularity of luxury bottled water presents new opportunities in the coming years.
Market Overview
Forecast Period: 2023–2032
Base Year: 2022
Market Size in 2022: $39.4 billion
Market Size in 2032: $68.7 billion
CAGR: 5.6%
No. of Pages in Report: 270
Segments Covered: Capacity, Technology, Application, and Region
Key Drivers
Several factors are driving the growth of the bottled water processing system market:
Increasing Health Awareness: With rising health consciousness among consumers, the demand for safe and clean drinking water is on the rise.
Water Scarcity: Growing water scarcity issues are making bottled water an attractive option for consumers.
Urbanization: As urbanization continues to grow, the convenience of bottled water is appealing to urban dwellers.
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Key Opportunities
The adoption of new technologies and the rising demand for premium bottled water present significant opportunities for market growth.
Market Segmentation
Capacity: The segment with a capacity of less than 10,000 litres per day held the highest market share in 2022 and is estimated to maintain its leadership throughout the forecast period. However, the segment with a capacity of more than 30,000 litres per day is projected to exhibit the highest CAGR of 6.1% from 2023 to 2032.
Technology: The reverse osmosis (RO) segment accounted for the largest share in 2022 and is expected to maintain its lead position. The packaging segment is projected to manifest the highest CAGR of 6.3% from 2023 to 2032.
Region: Asia-Pacific held the highest market share in 2022, with nearly half of the market revenue. Meanwhile, the LAMEA region is expected to witness the fastest CAGR of 6.2% from 2023 to 2032, driven by the increasing purchasing power of the masses.
Key Players
Leading companies in the bottled water processing systems market include Merck KGaA, Tetra Laval S.A., Accutek Packaging Equipment Companies, Inc., Lenntech B.V., Creative OZ-Air (I) Pvt Ltd, E-Rotek Water Systems Co., Ltd., Shivsu Canadian Clear Water Technology Private Limited, Evergreen Technologies, Marlo Incorporated, and Danaher Corporation (Pall Corporation).
These market players have adopted various strategies such as new product launches, collaborations, expansion, joint ventures, and agreements to strengthen their market presence.
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In conclusion, the Bottled Water Processing System Market is not just about quenching thirst; it’s about delivering safe and reliable drinking water to a world that increasingly values health and sustainability. As the industry continues to innovate and adapt to meet the ever-growing demand, it is poised for substantial growth in the coming years.
David Correa
Allied Market Research
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