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(MoneyNewsWire.Net, May 21, 2018 ) The Latin America Bottled Water Processing Market was worth USD 0.22 billion in 2016 and estimated to be growing at a CAGR of 5.87%, to reach USD 0.29 billion by 2021. The market is showing steady growth in the mentioned forecasting period. The market shows promising growth with increase in the consumption of bottled water. The shortage of drinking water supply and contamination of water bodies has boosted the Latin America Bottled water processing industry. Increasing preference of customers to use bottled water has given a rise to the involvement of companies in the bottled water industry which boost the Latin America bottled water processing market.
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Bottled water processing includes various technologies based on the level of purity required. There are several technologies available for purifying the water. The manufacturing method is mainly related to the energy required for the complete process. The use of technology like RO, UF, MF, etc. have added new features to the drinking water.
The market is driven by the contamination of water bodies, shortage of pure water which is fit for drinking and growing health concerns in the Latin America region. In the recent times, Brazil, Mexico, Argentina and Chile are observing high demand of bottled water, mainly due to the ever-increasing urbanization, aging population, and increasing lifestyle diseases. Growing economies in the region and higher disposable income are some key reasons for the growth of the bottled water processing market in this region. The major factor restraining the growth of the bottled water processing industry is the huge capital required initially, the mixing of chemicals with bottled water and growing environmental concerns with the use of plastic. These issues restrains the growth of the market.
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The Latin America market for Bottled Water Processing 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, Flavoured water and Sparkling water. Still water accounted for the largest share of the overall market and Flavoured water is projected to witness high growth rate during the forecast period. On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Mexico, Argentina and Chile. The anti-microbial additives market was dominated by Brazil, with the overall market share of over 30%. Brazil was followed by Mexico and Argentina. Mexico is predicted to grow at a rapid pace in the coming few years.
There are many prominent players in the market, some of the key players include The Dow Chemical Co., Pall Corporation, Liquid Packaging Solutions Inc., Velocity Equipment Solutions Inc., Norland International Inc., General Electric, Axeon Water Technologies and Seychelles Environmental Technologies Inc.
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