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Extensive restrictive measures set up by governments around the world to combat the global coronavirus outbreak are creating logistical challenges for the bottled water processing sector. While this is creating new bottlenecks in the sector, consumers continue to prefer stockpiling of essential commodities. This remains the key factor sustaining demand for bottled water even during the global COVID-19 crisis.
Global bottled water processing market has been projected to reach the valuation of over US$ 392 Bn between 2019 and 2029, as indicated by a new Future Market Insights (FMI) report. Bottled water processing activities will remain strong amid the pandemic, as a lack of adequate clean drinking water continues to be a critical problem across several economies.
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“A key factor driving growth of the global bottled water processing market is the rising demand for high-quality water from consumers with health concerns during the pandemic. Further, attractive packaging and product launches offered by leading players are likely to aid growth in the market,” says the FMI analyst.
Key Takeaways of Bottled Water Processing Market Study
Bottled Water Processing Market – Key Growth Factors
Explore the full bottled water processing market report with 112 illustrative figures, 128 data tables and table of contents.
Bottled Water Processing Market – Key Restraints
Impact of COVID-19 on Bottled Water Processing Market
While the COVID-19 virus continues to spread rapidly, the global demand for bottled water is anticipated to stay high. In addition, the growth in demand is also supported by government initiatives to provide populations in remote locations with essential commodities under the lockdown period. The outbreak is expected to generate bottlenecks owing to supply chain disruptions.
The demand for bottled water is unlikely to go down during the pandemic, sustaining sales in the market. Stockpiling activities by consumers would create temporary shortages of bottled water but creating lucrative opportunities in the near future.
Competitive Landscape of Bottled Water Processing Market
Some of the major companies profiled in this FMI report include, but are not limited to, Axeon Water Technologies, Pall Corporation, NorlandInternational Inc., Dow Chemical Co., Seychelles Environmental Technologies Inc., Velocity Equipment Solutions Inc., General Electric, and Liquid Packaging Solutions Inc. Players in bottled water processing market are leveraging consumer concerns about chemical pollutants, and the lack of legislation for the protection of safe drinking water around the world.
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BOTTLED WATER PROCESSING EQUIPMENT MARKET TAXONOMY
The global Bottled Water Processing market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
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About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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The post Bottled Water Processing Equipment Market Overview with Application and Encapsulation Process-2022-2030 appeared first on Future Market Insights.
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