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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

A fresh modular water bottle rack offers various assembly combinations along with many other benefits such as flexible capacity according our consumption, designed to carry a table top water dispenser, efficient storage volume, transportation, efficient use of floor space, easy to assemble, and competitive price.

Market Dynamics:-

Increasing inclination of the populace towards urban lifestyle and growing awareness about benefits of bottled water is expected to drive growth of the global water bottle racks market. The major advantage of bottled water is that it is safe and convenient. Furthermore, bottled water is pure and filtered to remove any bacteria and harmful chemicals, leaving people feeling better and healthier.

These factors are expected to drive the global water bottle racks market growth during the forecast period. According to International Bottled Water Association, U.S. bottled water market generated a revenue of US$ 18,556 million in 2017 from US$ 14,143 million in 2014.

Market Outlook:-

Among product type, plastic segment is expected to boost the global water bottled rack market during the forecast period. Features such as hygiene, safety, lightweight, and durability have made plastic packaging popular. Rising trend of using plastic as a packaging material for bottled water includes the use of flexible packaging solutions. With the changing lifestyle of consumers, convenience is the major driving factor that is influencing their purchasing decisions. Moreover, water bottles, especially those made of glass, are more expensive, difficult to clean, and fragile, which is expected to create a disinclination among consumers to purchase plastic water bottles. Therefore, significant increase in demand for plastic water bottles is expected to drive the market growth of global water bottle racks during the forecast period.

According to India Brand Equity Foundation (IBEF), in 2010, the Indian plastics industry comprises around 55,000 plastic processing units, spread over both the organized and unorganized sectors. Moreover, in 2018, by exporting plastic, Indian plastic industry generated a revenue of US$ 3.47 billion.

Furthermore, water bottles, which are made of plastics increase risks to the human health and also to environment, as various toxic plastic components and harmful chemicals are transferred from the bottle to the water. Since, plastic bottles raise numerous environmental and health concerns, it is expected to adversely affect the market growth.

Key Players:-

Major players operating in the global water bottle racks market include Coca-Cola Bottling Company of Saudi Arabia, Palletco Plastic Industries LLC, Lista International, Power Rack, Bahrain Water Bottling and Beverages Company S.P.C., ALSAMAANI Group, The Water Delivery Company, Shandong Liyang Plastic Molding Co. Ltd., Cixi Best Electrical Appliance Co. Ltd., Zhejiang Rongxin Industrial & Trading, MIW Water Cooler Experts, Zephyr Fluid Solutions, Polymer Solutions International, Inc., and others.

Market Taxonomy:-

On the basis of product type, the global water bottle racks market is segmented into:

  • Plastic
  • Metal
  • Wood

On the basis of structure, the global water bottle racks market is segmented into:

  • Upright platform
  • Stacked rack
  • Modular
  • Others (hand truck, wire bottle racks, and customized)

On the basis of distribution channel, the global water bottle racks market is segmented into:

  • Retail stores
  • Wholesale stores
  • Online stores

On the basis of region, the global water bottle racks market is segmented into:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Poland
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • New Zealand
    • Japan
    • ASEAN
    • Australia
  • Middle East
    • Gulf Cooperation Council (GCC)
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • South Africa
    • Central Africa

Key Developments:

  • In June 2018, two brands of Stanley Black & Decker Storage Solutions, namely LISTA and Vidmar, would extend its product portfolio by launching the new Tall Cabinet line of customizable storage options. This new line is an extension of the company’s existing Storage Solutions and focuses on providing taller cabinet lines.
  • In Oct 2016, Coca-Cola planned to build an 187,000 sq m bottling plant in Sudair, Saudi Arabia, at a cost of up to $100 million. The company is committed to investing in the Saudi market, considering the vast economic opportunities and the large consumer base.
  • In October 2013, Nestle Waters North America entered into a five-year manufacturing contract with Zephyr Fluid Solutions of Newtown, CT for display and transportation racks to be used throughout Nestlé Waters’ fleet of Direct trucks.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users