The bottled water testing equipment market size in Asia-Pacific is expected to grow from USD 30.77 billion in 2024 to USD 45.04 billion by 2029, growing at a CAGR of 7.92% from 2024 to 2029.
Bottled water is a kind of packaged drinking water, generally found as either distilled, mineral or in other such form. Bottled water is mainly of two types, that is carbonated or non-carbonated. Thus, it is important to test the quality of these bottled water, to check for safety against any diseases and also fulfil the regulatory requirements.
The growing need for quality testing of water is driving the growth of the market over the past few years. Apart from this, other major factors are advancements in testing technology, stringent regulatory requirements, and a rise in the consumption of bottled water. The awareness of waterborne diseases among the population of the Asia-Pacific countries has increased exponentially in recent years and has resulted in the increasing consumption of water that is safe to consume. This trend is expected to continue in this region and contribute to the expansion of the regional market. Y-o-Y growth in the demand for safe and clean drinking water and the growth of the bottled water industry in the Asia-Pacific region are further propelling the expansion of the Asia-Pacific market.
Furthermore, factors such as growing urbanization and industrialization, increasing health awareness among the Asia-Pacific population, rise in disposable income, and Y-o-Y growth in the hospitality and tourism sectors are promoting the growth of the Asia-Pacific water testing equipment market. The expansion of bottled water production facilities, rising concerns about water pollution and increasing investments in water infrastructure are fuelling the growth rate of the APAC market.
On the other side, there are some factors holding back the market from reaching its potential. The important ones include, high cost of testing equipment, high capital investments, and impact on environment. These few factors need to be dealt with, in order for the market to show its potential growth.
China, India, Japan and South Korea are prominent countries in the Asia-Pacific bottled water testing equipment market and these are likely to continue their domination in the regional market during the forecast period primarily due to their large populations, industrial expansions and increasing awareness of water quality.
China is expected to be the major player in the Asia-Pacific region during the forecast period. The rapid urbanization and concerns about water pollution are primarily boosting the Chinese market growth. The stringent regulations imposed by the Chinese government on water quality is promoting the demand for advanced water testing equipment and is contributing to the Chinese market growth. In addition, Y-o-Y growth in the bottled water industry in China is further supporting the water testing equipment market in China.
India is anticipated to showcase a healthy CAGR during the forecast period. Japan and South Korea are predicted to perform well and hold a substantial share of the Asia-Pacific market during the forecast period.
Companies that play a leading role in the Asia-Pacific bottled water testing equipment market include Agilent Technologies Inc., Bio-Rad Laboratories Inc., Waters Corporation, Perkinelmer Inc., Restek, Shimadzu Corporation, Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Accepta and Lamotte Company.
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