In the past five years, the China bottled water production market has developed rapidly. 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. State-owned enterprises were the main players in the industry 20 years ago, but now most have withdrawn from the industry. Private and stock companies now make up the largest proportion of the industry's firms.
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. Danone and Nestle are among the top food enterprises in the world that own or control industry enterprises in China.
In 2013, industry revenue is expected to total $16.2 billion, a 20% increase for the year. 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%.
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