PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1481299
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1481299
Global bottled water processing market size is predicted to witness more than 5.5% CAGR from 2024 to 2032, driven by increasing health consciousness among consumers, rising disposable incomes, and the growing urbanization.
The higher awareness regarding the importance of hydration and the health benefits associated with consuming clean and purified water are driving the demand for bottled water worldwide. The influx of stringent regulations and quality standards enforced by regulatory bodies is further ensuring the safety and purity of bottled water products. According to research conducted by the U.N. University's Institute for Water, Environment, and Health, the global bottled water consumption is expected to rise from approximately 350 billion liters in 2021 to an estimated 460 billion liters by 2030. Such developments are likely to influence the market growth.
The bottled water processing market is classified based on type, packaging, technology, and region.
By type, the industry size from the sparkling water segment is expected to record over 7% CAGR up to 2032 as it offers a refreshing alternative to traditional still water, appealing to consumers seeking variety and fizz in their beverages. The increasing demand for sparkling water is driven by its perceived health benefits, such as aiding digestion and providing a more satisfying drinking experience. Market players are responding to this trend by introducing a diverse range of flavored sparkling water variants for catering to evolving consumer preferences and tastes.
The filtration technology segment is anticipated to generate massive revenue for the bottled water processing industry by 2032 owing to significant advancements and innovations aimed at enhancing water purity and safety. Filtration technologies, such as reverse osmosis, ultrafiltration, and microfiltration are increasingly utilized to remove impurities, contaminants, and undesirable substances from water for ensuring high-quality end products. The rising investments in R&D to improve filtration efficiency, reduce energy consumption, and minimize environmental impacts will thereby drive the segment growth.
Europe bottled water processing market size will expand significantly at more than 5% CAGR from 2024 to 2032 driven by strong consumer demand for premium bottled water products and the growing concerns regarding water quality and safety. The well-established infrastructure for water treatment and processing coupled with stringent regulatory standards have contributed to the proliferation of bottled water processing facilities across Europe. Furthermore, increasing environmental consciousness and the shift towards eco-friendly packaging solutions are shaping the regional market landscape, with sustainable and recyclable packaging options gaining prominence among consumers.