Biosolids Market Size to Surpass US$ 2.7 Billion by 2033: Fact.MR

According to Fact.MR analysis, the worldwide biosolids market is projected to be worth US$ 1.7 billion in 2023 and to increase at a CAGR of 4.6% from 2023 to 2033, when it is expected to be worth US$ 2.7 billion.

Organic recyclable materials known as biosolids are created at municipal wastewater treatment facilities. The organic and mineral material collected during wastewater treatment, known as wastewater solids, aids in the creation of biosolids. The wastewater solids are broken down by microorganisms and transformed into biosolids to reduce odours, contaminants, and pathogens.

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Major Stakeholders

• Agrivert Ltd
• BCR Environmental
• Cambi Group AS
• Cleanaway
• FCC Group
• Syngeta
• Sumitomo Corporation
• Terrapure Environmental

Key Statistics Supporting the Surge

• Biosolids market is set to reach a valuation of US$ 1.7 billion in 2023 and projects a growth rate of 4.6% from 2023 -2033
• The biosolids market is anticipated to display a valuation of US$ 2.7 billion in 2033
• North America is a prominent region that is estimated to hold a market share of 25.0% in 2023
• Predominating market players include Cambi Group AS, Cleanaway, Englobe, REMONDIS SE & Co. KG, and FCC Group
• Tier-1 manufacturers of biosolids account for over 13-15% share of the global market
"Biosolids to Witness High demand as Soil Quality Enhancer is anticipated to Gain Traction across Agricultural Sector" says a Fact.MR analyst.

Market Growth Stratagems

The biosolids market is very fragmented. Significant investments in research & development by market players to spur the growth outlook. A prominent share of the market is acquired by top players.
The biosolids market is becoming more valuable due to its players' market strategies. As numerous players have established joint ventures with regional research institutions to develop new products and innovative, affordable production methods.

The market for biosolids is highly fragmented. Players are significantly investing in research and development to improve the quality of biosolids to meet the end-user's requirements. Prominent market players contribute around 30-32% of the global market value. Investment in research & development of innovative formulations and techniques to increase the use of biosolids in various end-use verticals.

Other than this, players are adopting groundbreaking strategies such as establishing joint ventures with local research institutes for inventing new cost-effective production techniques.

• For instance, in July 2022, Phoenixville and its co-partner SoMax BioEnergy launches a big innovation for the beneficial use of biosolids. Their joint venture tests a new hydrothermal carbonization conversion technology to bypass digestion and turn biosolids into energy-dense hydro-char fuel.

Additional heat treatment is applied to the biosolids, which reduces pathogen levels to background levels and creates a material that may be used for both agricultural and non-agricultural purposes.

Industry Research

• By Form:
o Cakes
o Liquid
o Pellets

• By Product Type:

o Class A
o Class B

• By Application:

o Agricultural
 Fertilizers/Soil Conditioners for Human Crop Production
 Fertilizers for Animal Crop Production - Pastures
o Non-agricultural
 Forest Crops (Land Restoration and Forestry)
 Land Reclamation (Roads and Urban Wetlands)
 Reclaiming Mining Sites
 Landscaping, Recreational Fields, and Domestic Use
 Energy Recovery & Production
o Heat Generation, Incineration, and Gasification
 Oil and Cement Production
 Commercial Uses

• By Region:

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

Key Questions Covered in the Biosolids Market Report

• What will be the estimated size of the Market in 2023?
• At what rate will the global Biosolids sales grow until 2033?
• Which are the factors hampering the Biosolids demand?
• Which region will spearhead the growth in the global industry during 2023-2033?
• Which are the factors driving sales in the Biosolids Market during the forecast period?

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

This release was published on openPR.