Global Agricultural Waste Water Treatment (WWT) Market
Agricultural Waste Water Treatment (WWT) Market
The global agricultural wastewater treatment market was valued at USD 1,997.24 million in 2017, and is expected to register a CAGR of 5.35%, during the forecast period 2018-2023.
The global market primarily includes manure management nutrient capture, renewable electricity and anaerobic digestion. More than 3,000 upcoming projects are expected to take place in the next 5 years, majorly located on dairy, swine or livestock farms, as manure is a consistent and reliable supply of wastewater. Wastewater is used extensively in the agricultural sector owing to it providing necessary nutrients and the desired moisture to the crops.
One of the major factors driving the growth of the market is the rapidly diminishing fresh water resources and the rising demand for water in agriculture. The agriculture sector accounts for about 70% of the total fresh water use. The trend of reusing wastewater for irrigation has been gaining traction and demand, leading to the growth of the market.
The market has been segmented based on technology, pollution source and geography. Under the market segments based on technology, chemical solutions segment dominated the market in 2017, accounting for around 45% of the total market. Biological solutions was estimated to be the fastest growing segment through 2023.
The global market has further been segmented on the basis of geography into Asia-Pacific, North America, Europe, South America, and Middle East and Africa. In 2017, Asia-Pacific dominated the global market with a market share of 37.13%.
Furthermore, active research on water treatment technologies, and rising investment in wastewater treatment applications will offer numerous opportunities for the growth of the market. Some of the major companies dominating the market are BASF, AkzoNobel, Suez Environnement, Evoqua Water Technologies LLC and CH2M Hill.
Few Notable Developments in the Market
In Jun 2017, BHSL, an Irish agri-tech business, BHSL announced its plan to takeover a wastewater and effluent treatment company, Hydro International. The company is planning to expand the range of applications of their patented, fluidised bed combustion (FBC) technology further, and hence has taken such a decision.
In Jul 2017, The Saudi Arabian ministry of water, environment and agriculture announced their plan to set up wastewater treatment projects in the cities of Jeddah and Dammam. The cost for implementation of the projects’ networks, connections and wastewater transmission lines is expected to be around USD 586.6 million.