Latin America Bottled Water Testing Equipment Market had a market value of USD 0.68 billion in 2021 and is forecasted to exhibit a CAGR of 4.75% and reach USD 0.86 billion by 2026. The Bottled Water Testing Equipment market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with the emergence of the market in growing economies like Asia-Pacific and Europe.
Bottled water is packaged drinking water which is either distilled, mineral or in other such form. Bottled water comes in both options of non-carbonated or carbonated. Hence it is required to quality test these bottled water, to fulfil regulatory requirements and check for safety against any diseases.
Increasing need for quality testing of water has been driving the growth of the market over recent years. Apart from it, other major factors include rise in consumption of bottled water, advancements in testing technology, and stringent regulatory requirement. On the different side, there are some factors responsible for holding back the market from reaching its actual potential. The major ones include, high cost of testing equipment, high capital investments, and impact on environment. These factors need to be tackled, for the market to show its potential growth.
The Latin America Bottled Water Testing Equipment market is broadly classified on the basis of technology, test type and component. The segmentation on the basis of test type is done under chemical, radiological, physical and microbial. Based on technology, the segments include traditional and rapid, which is further categorized into spectroscopy, testing kits and chromatography. On the basis of component, the market is categorized into Instruments, consumables, reference materials and reagents.
Geographically the Latin America Bottled Water Testing Equipment Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.
Key Players in the Market:
Major Key Players in the Latin America Bottled Water Testing Equipment Market are
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