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Increasing Awareness Regarding Water And Wastewater Treatment To Drive The Bottled Water Processing

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By Author: Sonal
Total Articles: 17
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The Bottled Water Processing Market is driven by an increase in the consumption of bottled water, technological innovations in bottled water processing equipment, Government initiatives and increasing awareness about water and wastewater treatment processes. Additionally, stringent regulatory norms and standards for wastewater discharge are expected to increase the demand for ultra filtration and reverse osmosis filtration technologies during the forecast period. The bottled water market is estimated to account for nearly USD 206.0 billion in 2018 and is projected to grow at a CAGR of 8.4%, to reach nearly USD 308.5 billion by 2023.

The bottled water market in the Asia Pacific is projected to witness the highest growth during the forecast period. The Asia Pacific bottled water equipment market is witnessing a trend of offering integrated and multi-functional solutions, due to which the demand for processing, filling, capping and packaging machines is increasing. The government initiatives pertaining to drinking water along with the increasing need for high-quality water are factors projected to propel the demand for bottled water equipment. These developments are projected to drive the growth of this market significantly in Asia Pacific during the forecast period.

Make an Inquiry@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=73331968

Rising incomes, consumer awareness about the hygiene and quality of the product they consume, and rise in convenience needs are some of the factors that are responsible for the increase in the consumption of bottled water in the Asia Pacific region. The consumers in the region are looking forward to the consumption of nutritional and flavored water, which can help to add to their nutritional intake.

Companies such as DowDuPont (US) and General Electric (US) are focusing on organic growth strategies in order to compete in the market. Also, bottled water equipment market in Asia Pacific is witnessing a trend of offering integrated and multi-functional solutions, which is increasing the demand for processing, filling, capping and packaging machines. Moreover, foreign enterprises are helping the local governments in setting up new desalination plants. For instance, In September 2018, the Water Treatment Systems of Toray Industries Inc. (Japan) and Dotcome (Japan) have partnered with the Andhra Pradesh government for setting up the desalination project, which can help in the water-related challenges in India.

Read More@ https://www.marketsandmarkets.com/Market-Reports/bottled-water-processing-market-73331968.html

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