The report forecasts the global biosolids market to grow at a CAGR of 5.01% during the period 2016-2020.
One of latest trends in the market is rise in federal intervention in water management. The rise in numerous government players in the global water industry is one of the substantial trends as far as biosolids production from sludge is concerned. For example, the Water Management Action Plan is a program introduced to monitor, control, and improve water quality, and monitor consumption in a particular area in Australia. All non-residential units that have consumption of more than 10 million liters of water in a year should devise a Water Management Action Plan to diminish their consumption as per the program.
According to the report, one of the primary drivers in the market is environmental and economic value. Biosolids have a vital potential value in terms of the overall expense of biosolids management. The expenses of biosolids management can be reduced if the value of biosolids management is realized. Biosolids have been 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 recognizing the value of biosolids and similar organic products, predominantly in agriculture.
Further, the report states that one major challenge in the market is health and environment risks. While considering potential effects of chemicals in biosolids, it is vital to think about the route in which human and animals might be exposed. The worst exposure route for humans is by direct contact with biosolids. Indirect exposure represents a far lower hazard level than direct exposure.