(Entertainment-NewsWire.com, February 16, 2018 ) According to the report “North America Bottled Water Processing Market By Equipment (Filter, Bottle Washer, Filler, Capper, Blow Molder, Shrink Wrapper), By Technology (RO, UF, MF, Chlorination, Washing, Filling), By Application (Still, Flavoured, Sparkling), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016-2021)” published by Market Data Forecast, the North America Bottled Water Processing Market was worth USD 0.54 billion in 2016 and is estimated to be growing at a CAGR of 5.81%, to reach USD 0.71 billion by 2021.
North America Bottled Water Processing Market Overview:
The market is showcasing evident potential in the mentioned forecasting period. Bottled water processing includes various different technologies centered on the level of purity required. There are numerous technologies available for refining the water. Rise in the living standards and increased consumption of bottled water has enhanced the Europe bottled water processing market.
The market is driven by the shortage of water, contamination of water bodies and growing health concerns in the North America region. Recently, USA and Canada are witnessing high demand of bottled water, mainly due to the rising urbanization, aging population, and increasing lifestyle diseases. This is increasing 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 restrain the growth of the market.
North America Bottled Water Processing Market Segmentation:
The North America Bottled Water Processing market 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, Flavored water and Sparkling water. Still water accounted for the largest share of the overall market and Flavored water is projected to witness high growth rate during the forecast period.
Some of the leading players of North America Bottled Water Processing market are:
The North America market is analyzed under various regions namely USA and Canada. The bottled water processing was dominated by USA, with the overall market share of over 60%. USA was followed by Canada. Canada is predicted to grow at a rapid pace in the coming few years.
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