Increasing awareness for health consciousness, growing of diseases caused by contaminated water and strict environmental rules and stringent government regulations are the main growth factors for the global bottled water processing market.
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.
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