Views: 4 Author: Site Editor Publish Time: 2018-12-14 Origin: Site
The bottled water processing market was valued at $1527.70M in 2013. It is expected to grow at a compound annual growth rate (CAGR) of 5.50 percent from 2014 to reach $2106.50M by 2019. The sector is primarily influenced by Elements such as growing consumption of bottled water and technological innovation in bottled water processing equipment.
The bottled water processing market is led by North America (NA) succeeded by Europe (EU). The U.S. bottled water processing market not only dominates North America continent but also the overall market. Asia Pacific (APAC) is forecasted to be the quickest-increasing market globally for the period under consideration. The industry is expected to grow significantly at a Compound annual growth rate of 6.20 percent during 2014 to 2019. Brazil (BR) is the main market in the Latin American area owing to growing population and awareness of drinking safe water.
In this industry report, the bottled water processing market has mostly been broken down on the basis equipment, technology, application, and area. Recent product launches and strategic agreements was the most preferred increase strategy in the bottled water processing market. The purpose of adopting this strategic expansion is that it results in better rising geographic presence and clientele. Top actors contain Pall Corporation, General Electric (NYSE:GE), Dow Chemical Co., and Seychelles Environmental Technologies, Incorporated.
The other players including Velocity Equipment Solutions Inc, Norland International Inc., Liquid Packaging Solutions Inc., and Axeon Water Technologies also have a strong presence in the sector.