Biosolids Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Biosolids Market: Overview
The biosolids market is expected to experience considerable growth opportunities in the upcoming years. This growth is on the back of increasing awareness about the rising application of biosolids as the affordable alternative to various bagged fertilizers. This factor is estimated to bring growth opportunities in the biosolids market.
Biosolids are basically organic matter, and they are recovered from the wastewater treatment process. These biosolids are extensively used as fertilizers or conditioners and contain a high count of micronutrients such as magnesium, calcium, and some others. The biosolids market is growing rapidly as these products contain various micronutrients that are crucial for the growth of different plants. The adoption of wastewater as a reusable resource due to the increasing rate of depletion of various non-renewable sources of energy has become important in recent years. All these factors are estimated to bring various growth opportunities in the biosolids market.
The biosolids market is segmented into Class B, Class A exceptional quality (EQ), and Class A. These biosolids are easily available in the form of pellets, cakes, and liquid. The increasing use of these biosolids in energy generation, land reclamation, construction materials, and fertilizers, etc. are anticipated to bring lucrative opportunities in the biosolids market in the forthcoming years.
Biosolids Market: Key Trends
The agriculture segment in the biosolids market is estimated to attract considerable growth opportunities in the forthcoming years. These biosolids contain required minerals and nutrients that provide various benefits to soils for agriculture purposes. Unlike chemical fertilizers, these biosolids do not put any negative impact on the environment. Thus, these factors are anticipated to propel growth opportunities in the biosolids market in the upcoming years.
The biosolids market is growing rapidly on the back of various factors, such as the application of stringent norms to use various chemicals in fertilizers that are applied in a variety of plants. There are a variety of commercial fertilizers that are proved to create adverse impacts on the environment. The biosolids are anticipated to come up as a feasible alternative for these harmful fertilizers. So, these factors are estimated to bring various growth avenues in the biosolids market.
As per the UN Environment Program, around 40% of the energy-related carbon emissions are released from the construction industry across the globe. In order to prevent this harmful effect, the use construction industry is looking to use these biosolids. This factor is expected to boost lucrative opportunities in the biosolids market.
Biosolids Market: Competitive Dynamics and Key Developments
The key players serving in the biosolids market are adopting different strategies such as collaboration, acquisition, novel product launch, partnership, and many more to boost the growth opportunities.
For instance, recently a water service company named South East Water has established a partnership with different researchers from RMIT University. The motive of this partnership is to deliver a new wastewater management project. This project repurposes biosolids that are headed for landfills into various reusable products for agriculture purposes. These developments are predicted to create growth opportunities in the biosolids market.
Some of the key players in the biosolids market include:
Shrimp Balls Market: Regional Assessment
The biosolids market is spread across different geographical locations across the globe including North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these regions, the North America region is anticipated to hold a dominating position in the biosolids market in the upcoming years. This growth is on the back of increasing support of government agencies for the growth of biosolids. Furthermore, the rising support of different key players to adopt eco-friendly technologies is also adding value to the expansion opportunities in the biosolids market.
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