Overview for Asia Pacific Bottled Water Processing Market Helps in providing scope and definations, Key Findings, Growth Drivers, and Various Dynamics.
The Asia-Pacific Bottled Water Processing Market was worth USD 0.32 billion in 2016 and estimated to be growing at a CAGR of 5.90%, to reach USD 0.43 billion by 2021. The market is showcasing enormous potential in the forecasting period. The bottled water processing market includes the equipment and technology that is used for producing bottled water. The market shows promising growth with increase in the consumption of bottled water. The shortage of drinking water supply and contamination of water bodies has boosted the Asia Pacific Bottled water processing industry. Increasing preference of customers to use bottled water has given a rise to the involvement of companies in the bottled water industry which boost the Asia-Pacific bottled water processing market.
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The Bottled water processing doesn’t involves any heavy transformation processes but a relatively light manufacturing process. The manufacturing method is mainly related to the energy required for the complete process. The use of technology like RO, UF, MF, etc. have added new features to the drinking water. These processes not only make the water fit for drinking but also add a taste to the water.
The market is driven by the shortage of water, contamination of water bodies and growing health concerns in the Asia-Pacific region. In the recent times, India, China, Japan and South Korea are witnessing high demand of bottled water, mainly due to the rising urbanization, aging population, and increasing lifestyle diseases. This is fuelling the growth of the bottled water processing market in this region. The major factor hindering the growth of the bottled water processing industry is the initial capital requirements, the fusion of chemicals with bottled water and growing environmental concerns with the use of plastic. These issues restrains the growth of the market.
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The Asia Pacific market for Bottled Water Processing 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 largest share of the overall market and Flavoured water is projected to witness high growth rate during the forecast period. Based on geography, the Asia-Pacific market is analysed under various regions namely China, India, Japan, Australia and South Korea. The bottled water processing market was dominated by China, with the overall market share of over 35%. China was followed by India and Japan. India is predicted to grow at a rapid pace in the coming few years.
There are many prominent players in the market, some of the key players include The Dow Chemical Co., Pall Corporation, General Electric, Liquid Packaging Solutions Inc., Velocity Equipment Solutions Inc., Norland International Inc., Seychelles Environmental Technologies Inc. and Axeon Water Technologies.
Major Points from Table of Contents
4.Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
8.Market Leaders’ Analysis
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