Water Trading Market
Water Trading Market: Growth Factors
The growth of the global water trading market is due to the high demand of clean water. Water management has become a big problem owing to the increase in population and the economic development across the globe. Hence, there is a shortage in the supply of fresh, clean, and healthy water. Additionally, there has been an increase in the mortality rate owing to the waterborne diseases and lack of capital to find solution for this problem. These reasons have raised the global demand for the water trading market. The global water trading market is expanding in the regions where there is ample fresh and clean water supply along with huge capital. Such regions are making huge profits in the water trading by exporting water to other nations. The major restraint to the market growth is the transportation cost involved in transporting the water to buyer along with high cost involved in the infrastructure. Other barriers involve water rights, legal constraints, social and political barriers.
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Water Trading Market: Regional Analysis
Water trading is an international business and is mainly conducted in the developed regions. The leading countries in the global water trading market include Chile, the United States, Australia, and the United Kingdom. Canada has the largest freshwater reserves. There was a legal agreement between Turkey and Israel to purchase 1.75 Billion cubic feet of water for 20 years from Turkey. This was one of the greatest examples using easy method for water transportation that used large plastic bubbles to bring water to storage facilities. Moreover, the UN General