PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424069
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424069
The global Bottled Water Processing market size is expected to reach USD 13.55 billion by 2032, according to a new study by Polaris Market Research. The report "Bottled Water Processing Market Share, Size, Trends, Industry Analysis Report, By Packaging Material (Cans, Plastic, Glass, Other Packaging Materials); By Equipment; By Product Type; By Technology; By Region; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising trend of urbanization worldwide has resulted in an escalating demand for better-quality drinking water, driving the necessity for membrane filtration processing in water and wastewater treatment applications. Concurrently, heightened concerns about wastewater discharge and the quality of drinking water are fueling the growth of the global bottled water processing market.
Over the last decade, the desalination market has experienced unprecedented growth due to the limited availability of fresh water sources. However, the application of desalination units and plants is primarily confined to arid regions or areas with saline water sources, leading the world in desalination capacities are Saudi Arabia, the United States, the UAE, and Kuwait. Notably, Saudi Arabia has the largest desalination capacity, accounting for about one-fifth of the global total. The expansion of the desalination market has consequently heightened the demand for water purification, particularly within the bottled water industry.
Desalination plants, utilizing sophisticated methods such as Reverse Osmosis (RO), significantly contribute to broadening the water sources available to the bottled water industry. Particularly in areas confronted with a scarcity of freshwater, these facilities provide an alternative, guaranteeing a reliable and high-quality water supply for bottling operations. The dependability of desalinated water harmonizes effortlessly with the rigorous quality standards expected by consumers in the bottled water market.
The transformation in consumer behavior is significantly influenced by marketing campaigns arranged by the bottled water industry. These campaigns strategically undercut confidence in tap water while highlighting the purity and safety associated with bottled water. The impact of such marketing endeavors has been crucial in shaping consumer perceptions and preferences, establishing bottled water as a trusted option, especially in regions where dependable public water supply systems are lacking. The growth of the bottled water processing market in these areas doesn't solely stem from shortcomings in public water supply systems but also results from strategic initiatives within the industry and consumer-driven perceptions. As communities search for reliable alternatives in the face of deficiencies in public water infrastructure, the bottled water processing market continues to thrive, illustrating the dynamic interplay between water accessibility, public policies, and consumer choices.
The outbreak of the coronavirus lead to a reduction in investments in the global water processing sector. This has heightened the importance of operational reliability in water processing plants, given the disruptions caused by the pandemic. The increased operational need from disruptions in the bottled water supply chain, shifts in consumer demand patterns, and various emergency measures implemented by governments to address the pandemic.
Safely managed water, sanitation, and hygiene (WASH) services play a crucial role in protecting and preventing human health during the current pandemic. The growing urban population has exposed people to risks associated with polluted water sources. Recently, a World Bank tool was introduced to identify pandemic hotspots in densely populated areas with inadequate waste management and sanitation, prompting the provision of optimal WASH services and hygienic drinking water.
Plastic dominates the market in the forecast period, with PET (polyethylene terephthalate) emerging as the most commonly used material for packaging. PET is preferred for its lightweight, durable, and cost-effective properties, making it a popular choice for bottling beverages. Additionally, other types of plastic, such as HDPE (high-density polyethylene) and PVC (polyvinyl chloride), are employed in specific cases. The convenience, portability, and lightweight nature of plastic make it the preferred option for on-the-go hydration.
Sparkling water is expected to demonstrate the highest growth rate in the segment in 2023. This surge in popularity is attributed to the convenience factor, with sparkling water now available in sleek and portable formats that seamlessly integrate into the fast-paced lifestyles of consumers. This shift in packaging has redefined how individuals approach hydration, positioning sparkling water as the preferred beverage for a range of activities, including gym workouts and casual social gatherings.
The Asia Pacific region held a dominant position in the global market, claiming the largest market share in 2023. A key factor contributing to the increased demand for bottled water in this region is the growing concern about the quality of tap water in specific areas. As consumers become more conscious of water safety and purity, there is a rising preference for bottled water as a perceived safer and more trustworthy source of drinking water. The bottled water industry has strategically addressed these concerns by positioning its products as a reliable alternative that adheres to stringent quality standards. This heightened awareness of water quality serves as a significant driving force, shaping consumer preferences and contributing to the ongoing growth of the bottled water processing market.
The global key market players include Axeon Water Technologies, Coca-Cola, Danone, Donaldson Company, Inc., Inline Filling Systems Inc., Koch Membrane Systems Inc., Lenntech B.V., Liquid Packaging Solutions, Inc., Nestle, Norland International Inc., Pall Corporation (Danaher Corporation), PepsiCo, SUEZ, The Dow Chemical Company, and Velocity Equipment Solutions.
Polaris Market Research has segmented the Bottled Water Processing market report based on packaging material, equipment, product type, technology, and region: