The global biosolids market was valued at around $120 million in 2015 and is expected to surpass $153 million by 2020, says Technavio.
Technavio’s plastics, polymers, and elastomers portfolio has announced its latest market research report on biosolids for the forecast period, 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global biosolids market during the forecast period. Some of the top vendors listed in this industry analysis include Alka-Tech, BIODISK, Casella Waste Systems, GeoEnvironment, Symbiont, and Wm. H. Reilly.
In terms of geographical analysis, APAC will be the fastest growing region in the global market and is expected to generate revenues of around $28 million by 2020. China and India will emerge as the key revenue-generators.
“Increasing water trade activities are opening new opportunities for growth of the global biosolids market. The amount of water is significantly degraded as a result of contamination and pollution resulting from rapid industrialization. Many regions like the Middle East and Africa and South Asia are facing a deficit of water for drinking and other purposes. This creates scope for more water trading to expand and become a profitable business in near future. This is expected to lead to the rise of new business opportunities such as sludge management, water recycling, and biosolids generation,” says Ajay Adikhari, a lead analyst at Technavio for plastics, polymers, and elastomers.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Environmental and economic value
Biosolids are generally used as a waste product, and the present regulatory framework protects the concept of waste for many reusable organic products. People are gaining awareness about the value of biosolids and similar organic products, predominantly in agriculture. It is projected that the collective effect of applying nutrients, trace metals, organic matter, and a healthy microbial population will showcase better plant growth than nutrients alone. Recognizing the value of biosolids management will effectively bring down the expenses of biosolids management.
Reduced carbon emissions and dependency on non-renewable resources
Biosolids play a vital role in the reduction of carbon emission. Currently, a substantial amount of biosolids is used to dispose of landfills and also in the reduction of greenhouse gas (GHG) emissions. Application of biosolids as a soil conditioner, fertilizer, or soil replacement product can reduce the dependency of the people on non-renewable resources. The increasing use of biosolids will endure and help minimize the dependency and demand for non-renewable resources.
Awareness of low risk
The overall risk involved in the use of biosolids is extremely low with respect to health and the environment. Health and environmental impacts linked with biosolids are also very few and minor, making the use of biosolids in accordance with the regulations safe. Studies carried out by researchers and regulators have proven that the use of biosolids on agricultural land is safe, provided the guidelines are followed. Furthermore, biosolids are advantageous to soils as far as structure, water holding, and microbial populace are concerned, and it gives a useful alternative to inorganic fertilizers.
Some of the other prominent vendors identified in this report are Arcadis, BCR Environmental, Biocore Environmental, Burch BioWave, Cambi, Fergus Power Pump, Lystek International, Managed Organic Recycling, Merrell Bros., Parker Ag Services, Parkson, RDP Technologies, Recyc Systems, Synagro, Terratec, Trojan Technologies, and Walker Industries.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Biosolids Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Liquid Fertilizer Market 2016-2020
- Global Water Soluble Fertilizers Market 2016-2020
- Global Industrial Sludge Treatment Chemicals Market 2016-2020
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