Chicago, June 05, 2024 (GLOBE NEWSWIRE) -- The bottled water processing market has seen significant growth over the past few years, driven by increasing consumer demand for clean and safe drinking water, growing health consciousness, and advancements in processing technologies. This article provides a comprehensive overview of the market, segmented by product type, packaging material, technology, equipment, and region. Market Overview Bottled Water Processing Market Size and Share The global bottled water processing market was valued at approximately USD 311.1 billion in 2023 and is expected to reach USD 457.1 billion by 2028, growing at a compound annual growth rate (CAGR) of 8.0% during the forecast period. The market's rapid expansion can be attributed to the increasing urban population, rising disposable incomes, and heightened awareness of health and wellness. Get a PDF Copy: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=73331968 Industry Growth Drivers Health Concerns: Rising concerns about the health effects of consuming contaminated water have fueled the demand for bottled water, perceived as a safer alternative. Urbanization: Rapid urbanization has led to a demand for convenient and portable drinking water solutions. Technological Advancements: Innovations in water processing technologies ensure the production of high-quality bottled water. Environmental Concerns: Initiatives to reduce plastic waste and improve recycling processes have driven advancements in packaging materials. Segmentation Analysis By Product Type Still Water: Still water dominates the bottled water market, accounting for over 70% of the total market share. This segment's growth is driven by consumer preference for natural and uncarbonated water options. Sparkling Water: Sparkling water has gained popularity due to its refreshing taste and perceived health benefits. It holds around 30% of the market share and is expected to grow at a faster rate than still water due to increasing consumer interest in flavored and functional beverages. By Packaging Material Plastic: Plastic bottles are the most used packaging material, representing over 60% of the market share. The convenience and cost-effectiveness of plastic packaging drive its widespread use, although environmental concerns are prompting shifts towards more sustainable alternatives. Glass: Glass bottles, though more expensive, are preferred for their premium appeal and recyclability. They hold around 25% of the market share and are popular ...