The Bottled Water Testing Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bottled Water Testing Equipment Global Market Report 2024, The bottled water testing equipment market size has grown strongly in recent years. It will grow from $6.75 billion in 2023 to $7.13 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to global growth in bottled water consumption, prevalence of waterborne diseases, expansion of bottled water industry, consumer preferences for purified water, risk of chemical contaminants.quality assurance in bottling plants..
The bottled water testing equipment market size is expected to see strong growth in the next few years. It will grow to $9.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to water quality monitoring regulations, focus on sustainable water packaging, expansion of premium water segments, government funding for water safety, increasing bottled water export/import.. Major trends in the forecast period include technological advancements, portable and on-site testing solutions, multi-parameter testing devices, focus on microbiological testing, adoption of spectroscopy techniques, e-commerce platforms for equipment procurement..
A rapid increase in the consumption of bottled water is expected to propel the growth of the bottled water testing equipment market. Bottled water is a type of water that has been treated to make it extremely clean or originates from a unique location. The discontent with the taste of tap water and issues about the safety of drinking tap water have increased the consumption of bottled water. Bottled water testing equipment is used to provide clean water and reduce contamination compared to regular water. Furthermore, according to the International Bottled Water Association, a US-based trade association, Americans consumed 15 billion gallons of bottled water in 2021, a 4.2% increase from 2019. Additionally, the retail dollar sales of bottled water increased by 4.7% to $36.3 billion in 2020. Therefore, a rapid increase in the consumption of bottled water is expected to drive the bottled water testing equipment market.
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The bottled water testing equipment market covered in this report is segmented –
1) By Technology: Traditional, Rapid
2) By Component: Instruments, Consumables And Reagents, Reference Materials
3) By Test Type: Microbiological, Physical, Chemical, Radiological
4) By Application: Laboratory, Industrial, Environmental, Government
Technological developments in the water testing industry are a key trend gaining popularity in the bottled water testing equipment market. Major players in the bottled water testing equipment market are focusing their efforts on creating innovative technology for water purification to sustain their position. For instance, in April 2022, Veolia Water Technologies, Inc., a France-based company specializing in water testing and environmental management solutions, launched The Barrel. The barrel is an innovative reverse osmosis (RO) technology that is plug-and-play. This technology is used for wastewater treatment, desalination—ideal for low-pressure RO applications—and wastewater reuse to provide fresh and pure water for various applications.
The bottled water testing equipment market report table of contents includes:
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