Packaged drinking water or bottled water production is a profitable business. Here in this post we intend to deliver information on ‘how to establish a small scale bottled water plant.’

Mineral water is a purified water fortified with requisite amounts of minerals such as Barium, Iron, Manganese, etc. which can be absorbed by human body. It is either obtained from natural resources like spring and drilled wells or it is fortified artificially by blending and treating with mineral salts.



Packaged drinking water means water derived from any source of potable water and subjected to various treatments to meet the prescribed standard before being packed in a plastic or glass container. Water containing less than 250ppm of total dissolved solids are defined as natural mineral water.

Rising health awareness, an increase in tourism and the easy availability of bottled water have increased the per capita consumption of bottled water.



BOTTLED WATER PLANT – MARKET POTENTIAL

The total market was valued at $60 billion in 2013, of which the top five players accounted for 67% of the market share.

This market is expected to grow at a CAGR of 22 percent, to reach $160 billion in 2022. The increase in the number of domestic and foreign tourists in the past years, and in the years to come, is expected to be a major driver for bottled water sales in Nigeria. Mineral water is one of the fastest growing industry in the country. The Southern part of the country accounts the major market share. The drinking water industry here has seen tremendous growth in the last four years, with hundreds of small-scale suppliers entering the water market. Apart from the domestic and commercial use of packaged water, the Nigerian road transport is a huge potential market. Water bottles, especially the 2-litre variety, are fast movers among the travelling population. A small scale mineral water plant is a profitable venture for the regional players also.

READ MORE HERE: https://www.wealth-ideas.com/how-to-start-bottled-water-manufacturing-business/