BANGALORE, June 25, 2015 /PRNewswire/ --
This report on Global Biosolids Market elucidates the situation of biosolids around the world and studies the markets of the biosolids' applications which include Fertilizer, Forestry, Land reclamation, Landscaping and Energy recovery among others. The report is divided by geography - North Americas, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 6 years. The various forms of biosolids have been discussed in detail in addition to a comprehensive overview of the market.
Wastewater treatment has become an essential process to meet the growing demand of water across the globe on account of increasing population and rapid urbanization. What we flush down the toilet and plug-holes in our house eventually requires treatment at a sewage treatment plant. Wastewater is treated when it reaches the plant, and in the process organic matter and nutrients are removed, thereby creating solid waste. This waste is further treated to remove odor and harmful organisms, resulting in formation of biosolids. The final quality of the biosolids produced depends on the quality of the sewage entering the treatment plant and the treatment process. Biosolids are graded according to chemical composition and the level of pathogens remaining after production. These biosolids are rich in minerals and nutrients, and are increasingly used in a variety of sectors, ranging from agriculture (used in the form of soil conditioner and fertilizer) to energy production. This wide range of biosolid application is driving the global biosolids market, which is estimated to reach a total market value of $174.98 million by the end of 2020 from $133.60 million in 2014, a projected compound annual growth rate (CAGR) of 4.60% for the forecast period.
Global Biosolids Market is currently mainly exists in North America and Europe and is expected to remain dominant in the region till the next half decade. Although Asia-Pacific, South America and MEA have huge potentials to become big markets for biosolids, but the market is currently at a nascent stage there. This report also discusses current and the advances in the State of Biosolids Management Practice.
The companies discussed in this report are: Casella Organics, Alka-Tech, Biodisk Corp, GeoEnvironment Technologies are Wm. H. Reilly & Company among others.
There are many drivers for Biosolids market the major one being the stringent government emission laws which allows the wastewater (sludge) from chemical plants and factories to be treated to an acceptable level, thereby increasing the use of biosolids. Also, biosolids provides an eco-friendly way of replacing the hazardous chemical fertilizers, thus driving the market.
Technological advancements have been limited in biosolids. High capital expenditure and high operating costs has been a hurdle for the biosolids treatment market growth despite its benefits and applications across the sectors. The market is expected to witness moderate growth over the forecast period due to 1) lack of new developments and 2) required push from different governments across the developing countries. Commercial uses are limited and high competition in commercial fertilizer market is further hindering the growth of biosolids market.
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SOURCE Mordor Intelligence LLP