Recent Updates for Bottled Water Processing Market Expected to Reach USD 369.88 Bn In 2026
The global bottled water processing market was valued at USD 192.23 billion in 2018 and is expected to reach USD 369.88 billion in 2026, growing at a CAGR of 8.7% during the forecast period.
Water will always be the good drinking option and bottled water will be the healthiest option for the packaged drink compared to any other soft drinks. Drinking water safety and portability have become a global concern, as the rapidly growing population and industrialization put pressure on existing water resources, forcing many consumers to use bottled water for drinking purposes other than natural resources. As per the current market scenario, the customer interest in bottled beverages has been associated with their health, security, comfort and value. So increasing awareness for health consciousness among the people and growing diseases caused by contaminated water are the key factors to drive the growth of the market. Furthermore, drinking water scarcity and contamination of different water bodies are major factors that expected to drive the growth of bottled water in the global market.
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In order to boost market share, various bottled water processing companies are launching fresh exotic flavors and introducing bold and appealing packaging to attract customers. The research and development of advanced processing equipment are also propelling the growth of the global bottled water processing market during the forecast period. However, the strict rules and regulations of Govt. regarding the environment and the requirement of after-sales services to improve operational services are expected to create major growth opportunities during the forecast period.
In the global market, the operational cost for the bottled water processing industry is increasing owing to the scarcity of energy and the factor is expected to hamper the growth of the market during the forecast period.
Based on the product, the still water segment expected to register for the highest market share in the global market in 2018
Based on the packaging material, the plastic-type packaging material is predicted to account for the 76% market share in the global market in 2018
Based on the equipment type, the filter segment is predicted to grow at the fastest rate of CAGR 11.2% during the forecast period.
Based on the technology, the ion exchange, and demineralization segment is expected to lead the global market throughout the forecast period.
In 2018, Asia-Pacific accounted for the largest market share with almost 40% of the global bottled water processing market
In November 2017, companies such as Coca-Cola India Pvt. Ltd, the local unit of American beverages maker Coca-Cola Co., is planning to launch its global enhanced water brand Glacéau Smart water in India. Glacéau Smartwater is vapour-distilled water with electrolytes added for taste.
In 2016, Safia launched NEW production line (PET) bottles of various size. Safia with strong QHSE systems in place, growing rapidly as manufacturer of bottles water in the Kingdom of Saudi Arabia
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