Waste And Wastewater Treatment Market Was Valued At USD 99,634.7 Million In 2021 Owing To Increasing Demand For Food And Beverages Coupled With The Rising Population

According to Precision Business Insights (PBI) latest report the global water and wastewater treatment market is expected to be worth USD 105,911.7 million in 2022, growing at a 6.3% CAGR from 2022 to 2028. Global water and wastewater treatment market segmented into following types: By Treatment Type (Biological, Disinfection, Membrane Separation, Sludge Dewatering, and Others), By End-user (Industrial Waste, Municipal Waste, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) Forecast to 2028. Key player's profiles in the water and wastewater treatment market report are General Electric., 3M, DuPont, Trojan Technologies Group ULC, Aquatech International LLC., Orenco Systems, BASF SE, Kurita Water Industries Ltd, BioMicrobics, Inc. Rising global demand for food and beverage products is expected to boost demand for wastewater and water treatment solutions over the forecast period. Investments or funding from companies or organizations offers potential growth opportunities for water & wastewater treatment companies. Pollution/contamination of freshwater resources and increasing demand from industries are the significant factors driving the growth of the water and wastewater treatment market.Funding/investments for infrastructure development and urban water sanitation & water supply are providing opportunities to the water and wastewater treatment market. The high cost of water treatment solutions and stringent regulations for the adoption of treatment solutions are hampering the overall market.

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Municipal Waste Segment Dominates the Water and Wastewater Treatment Market:
Municipal waste had a higher revenue share in 2021 and was expected to expand at a CAGR of X percent from 2022 to 2028, reaching USD X Mn by 2028. The municipal waste segment is being driven by the increasing scarcity of potable water and the growing population. Significant growth factors for the water and wastewater treatment market are increased government environmental laws on the use of freshwater, fast advancements, increasing demand from industry, and contamination of freshwater.

Asia-Pacific Leads Water and Wastewater Treatment Market:
In the next years, the Asia-Pacific water and wastewater treatment industry is expected to have a considerable market share in the global market. The market in the Asia-Pacific region is being driven by an expanding number of sectors with new technology and an increasing population. In the foreseeable future, Europe and North America are likely to offer profitable opportunities for water and wastewater treatment. .

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global water and wastewater treatment market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In October 2021, Kurita Water Industries Ltd. (Head Office: Nakano-ku, Tokyo; President: Michiya Kadota; hereinafter "Kurita") is pleased to announce that it has developed and started applying the Power Bio E-PLUS™, a new technology of purifying soil contaminated with volatile organic compounds (VOCs), part of the contaminants in soil and groundwater, without soil excavation. In Jan 2020, DuPont announced it has completed the 2019 acquisitions of Desalitech, inge GmbH, Memcor®, and OxyMem Limited; adding to its leading portfolio of water purification and separation technologies, including ultrafiltration, reverse osmosis and ion exchange resins.

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Detailed Segmentation:
Based on the Treatment Type, the market is segmented into the following:
• Biological
• Disinfection
• Membrane Separation
• Sludge Dewatering
• Others.

Based on the End-user, the market is segmented into the following:
• Industrial Waste
• Municipal Waste
• Others

Based on the geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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