New government regulations raise confidence in China’s Bottled Water Production industry.
San Francisco, CA (PRWEB) May 05, 2013
In the past five years, the Bottled Water Production industry in China has developed rapidly, with the government has implemented several industry standards and regulations that have provided confidence in the market and to consumers. The competitive landscape has also changed, with growth in foreign and private capital and investment across the industry, says IBISWorld.
In 2013, revenue for the Bottled Water Production industry in China is expected to total $16.2 billion. Driven by increased domestic demand and higher output levels over the five years through 2013, revenue has been growing at an annualized rate of 18.7%, estimates IBISWorld.
There are about 519 bottled and canned water product manufacturing firms in China, most of which are small or medium in size. The top four companies account for 37.1% of industry revenue in 2013, indicating a low concentration level. The concentration ratio differs by region and is higher in North East China and North China, where the main manufacturers are located.
Foreign and joint venture companies benefit from advanced technologies and equipment for bottled and canned water production. They generally have larger capital reserves and invest more to research and develop new products, says IBISWorld. Danone and Nestle are among the top food enterprises in the world that own or control industry enterprises in China.
Internal and external competition are set to intensify as the industry enters the mature phase of its life cycle. In particular, domestic and office tap water purifying machines, which compete with industry products, are expected to become more common, says IBISWorld.
For more information, visit IBISWorld’s Bottled Water Production in China industry report page.
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IBISWorld Industry Report Key Topics
The Bottled Water Production industry in China comprises companies involved in the collection and packaging of water. This water is sourced from underground mineral water reserves and other water supplies in accordance with the government’s Standards for Drinking Water Quality. It is then sealed in plastic bottles, cans, glass bottles, barrels or other containers, without any additives.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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