SAN FRANCISCO, Jan. 18, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Agricultural Wastewater Treatment (WWT) – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 10; Released: January 2022
Executive Pool: 6478
Companies: 70 – Players covered include AECOM; Aegean Perlites SA; Akzo Nobel NV; Albemarle Corporation; Aquatech International LLC; BASF SE; Black & Veatch Holding Company; CH2M Hill Inc.; Cornerstone Industrial Minerals Corporation; Dow Water & Process Solutions; Evoqua Water Technologies LLC; IDE Technologies; Imerys SA; Keltech Energies Ltd.; Lindsay Corporation; Organo Corporation; OriginClear, Inc.; Perlite Hellas; Silbrico Corporation; Suez Environnement SA; Supreme Perlite Company; Veolia Water Technologies; WS Atkins Limited and Others.
Coverage: All major geographies and key segments
Segments: Technology (Chemical Solutions, Physical Solutions, Biological Solutions)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Agricultural Wastewater Treatment (WWT) Market to Reach US$2.8 Billion by the Year 2026
Agricultural wastewater treatment (WWT) is a farm management approach designed to control pollution from an unhygienic surface runoff that can be contaminated by chemicals present in pesticides, fertilizers, crop residues, animal slurry or even irrigation water. Growth in the global market is set to be driven by the rapidly diminishing freshwater resources and rising demand for water for agricultural activities, which will fuel demand for treatment and reuse of agricultural wastewater. Also fueling demand for agricultural WWT is an increase in agricultural industries, spiraling water pollution due to growing agricultural activities, more fertilizer consumption, and an ever growing population and the resultant rise in demand for food. Moreover, the increasing need for agriculture-based products globally will fuel a higher need for more agricultural production, which in turn will drive need for treatment and reuse of agricultural wastewater. With fertilizer usage on the rise in agricultural operations in order to boost productivity and yield, there is growing need for treatment of agricultural wastewater streams. Declining freshwater resources is a major driver in increasing the demand for applications pertaining to wastewater treatment. Increasing investments, active ongoing research on technologies for water treatment will provide major growth opportunities for the market.
Amid the COVID-19 crisis, the global market for Agricultural Wastewater Treatment (WWT) estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2026, growing at a CAGR of 5% over the analysis period. Chemical Solutions, one of the segments analyzed in the report, is projected to grow at a 5.7% CAGR to reach US$1.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Physical Solutions segment is readjusted to a revised 4.2% CAGR for the next 7-year period. This segment currently accounts for a 35.4% share of the global Agricultural Wastewater Treatment (WWT) market. The fundamental technology deployed for treating wastewater generated by the global agricultural sector is chemical-based. Precipitation of chemicals, flocculation and absorption processes, and coagulation are a few popular processes for chemical treatment that are used commonly for removing any harmful microbes and colloidal particles that may be present in wastewater.
The U.S. Market is Estimated at $434.1 Million in 2021, While China is Forecast to Reach $588 Million by 2026
The Agricultural Wastewater Treatment (WWT) market in the U.S. is estimated at US$434.1 Million in the year 2021. The country currently accounts for a 19.82% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$588 Million in the year 2026 trailing a CAGR of 5.9% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR while Rest of European market (as defined in the study) will reach US$153.5 Million by the end of the analysis period. Asia-Pacific and China are the leading regions in the global agricultural wastewater treatment market. The region’s agricultural WWT market is growing led by rising agricultural industry, fertilizer consumption, increasing concerns about water pollution due to more agricultural activities and a fast growing population along with a higher requirement from emerging nations like India and China.
Biological Solutions Segment to Reach $590.5 Million by 2026
The worldwide use of biological treatment of wastewater is due to its effectiveness and cost-efficiency compared to many chemical or mechanical processes. Biological treatment of wastewater is in use since long, adopting a wide range of approaches from simple cesspits and the traditional activated sludge plants to more technologically advanced solutions such as Membrane Aerated Biofilm Reactor (MABR). In the global Biological Solutions segment, USA, Canada, Japan, China and Europe will drive the 4.58% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$321.3 Million in the year 2020 will reach a projected size of US$447.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$75.8 Million by the year 2026, while Latin America will expand at a 5.2% CAGR through the analysis period. More
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SOURCE Global Industry Analysts, Inc.
