NEW YORK, May 28, 2015 /PRNewswire/ -- The bottled water processing market was valued at $1,527.7 million in 2013. It is projected to grow at a CAGR of 5.5% from 2014 to reach $2,106.5 million by 2019. The market is primarily driven by factors such as rising consumption of bottled water and technological innovation in bottled water processing equipment.
The bottled water processing market is led by North America followed by Europe. The U.S. bottled water processing market not only dominates North America but also the global market. Asia-Pacific is projected to be the fastest-growing market globally for the period under consideration. The market is projected to grow significantly at a CAGR of 6.2% during 2014 to 2019. Brazil is the major market in the Latin American region owing to increasing population and awareness of drinking safe water.
In this report, the bottled water processing market has broadly been segmented on the basis equipment, technology, application, and region. New product launches and agreements was the most preferred growth strategy in the bottled water processing market. The purpose of adopting this strategic expansion is that it results in better increasing geographic presence and clientele. Major players include Pall Corporation (U.S.), General Electric (U.S.), Dow Chemical Co. (U.S.), and Seychelles Environmental Technologies, Inc. (U.S.).
The other players such as Velocity Equipment Solutions Inc (U.S.), Norland International Inc. (U.S.), Liquid Packaging Solutions Inc. (U.S.), and Axeon Water Technologies (U.S.) also have a strong presence in the market.
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