Overview
Biosolids Market is forecast to reach $8.2 billion by 2025, after growing at a CAGR of 6% during 2020-2025. The growing use of biosolids as a substitute for hazardous chemical fertilizers is one of the major factors driving the market. The industry has also made a significant contribution to the production of energy by using the product as a fuel for the generation of heat. The growing need for alternative means of energy production to comply with environmental legislation is expected to drive the biosolids market during the forecast period.
Report Coverage
The report: “Biosolids Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Biosolids Market.
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Key Takeaways
Biosolid-related technological advances are likely to act as an opportunity for market growth during the forecast period.
As the global population continues to rise, the amount of wastewater generated continues to rise. Sewage treatment levels have also risen annually. Therefore, biosolids are expected to continue to grow in the future as a practical and environmentally friendly product.
Product - Segment Analysis
Cake, the most commonly available product, held the highest share in the biosolids market in 2018. Cake contains 11-40 percent of solid content. The liquid form usually contains the highest water content of about 94-97 percent as it is collected directly from the digester without dewatering.
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Type - Segment Analysis
Class A biocides has reduced pathogens and vector attraction reduction (VAR), as demonstrated by the US EPA. VAR refers to the level of attractiveness of biosolids to vectors for transmitting the disease to humans, including flies, rats, mosquitoes, etc. These are legally approved on farms as fertilizers and are available as compost or fertilizer for homes. Class A EQ meets all VAR requirement of Class A. Class B biocides VAR specifications consisting of a higher level of pathogens compared to Class A biocides . They are eligible to use only after receiving EPA permit.
Application - Segment Analysis
Agricultural land application held the highest share in the biosolids market in 2018 and is expected to growth with the CAGR of 7.2% over the forecast period from 2020 to 2025, due to increased use of product as crop fertilizer in the rapidly growing agricultural sector mainly in Asia Pacific. Big enterprises and farmers are increasingly making their presence felt in cattle farming and meat products. They increase demand for the production of animal crops, which gives impetus to the application of biosolids as fertilizers for the production of animal crops. This has resulted in increased demand for biosolids in applications for agricultural land.
Geography - Segment Analysis
North America held the largest share in the biosolids market in 2018 up to 37%, owning to the government and public support for environmentally friendly technologies in countries such as U.S and Canada. Biosolids are produced during wastewater treatment processes and are extensively used to meet the requirements of the US EPA 40 CFR Part 503 Regulations. The majority of biosolids currently produced in the U.S. are expected to be EQ or PC biosolids containing low levels of pollutants.
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Drivers – Biosolids Market
Stringent government laws on the use of hazardous chemicals.
The government in many developed countries such as Europe has been imposing a number of regulations limiting the usage of fertilizers that impact the environment. Growing consumer interest in organic or crops harvested with less chemical usage are in strong demand. Such regulatory environments have encouraged the replacement of hazardous chemicals as fertilizers to increase crop productivity.
Challenges – Biosolids Market
High capital investment and low technological advancement.
High investment and high operating cost involved in wastewater or sludge processing to attain the product is likely to hamper the biosolids market in the coming years. In addition, limited technological advances are subject to hinder the market growth during the forecast period.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the biosolids market. In 2019, the market of Biosolids has been consolidated by the top five players accounting for xx% of the share. Major players in the Biosolids Market are Alka-Tech, BCR Environmental Corporation, Biocore Environmental Ltd, Burch Biowave-Burch Hydro Inc., Cambi AS, Casella Organics, Ch2m Hills Companies Ltd, Englobe, Entertech Environmental Inc., Fergus Power Pump Inc., among others.
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