Press release
Biosolids Market share research by applications and regions for 2017-2024
Global Biosolids Market size is escalating and is anticipated to grow at a healthy CAGR in the coming years. Rapid urbanization and industrialization has resulted in high clean water demand. Thus, there is growing need for waste water treatment. Waste water is treated by removing nutrients & organic matter which constitutes solid waste. This solid waste obtained is processed to remove odour and harmful organisms and thereby forming biosolids.
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The product is rich in nutrients & minerals and is used as crop fertilizer in agricultural activities across the globe. Implementation of stringent government laws have encouraged replacing hazardous chemical with the product as fertilizer to enhance crop productivity. Agriculture sector is booming and has resulted in driving biosolids market size in the recent years. The industry has significant contribution in energy production by using the product as a fuel for heat generation. Growing need for alternative ways for energy production to subsequently comply with environment laws is expected to drive the biosolids market size during the forecast period.
Biosolids market size has noteworthy application in reclaiming mining sites to help restore the land that was subjected to disruptions for attaining coal. Prominence of energy generation via coal is likely to lead product utilization for restoring mining sites. This is anticipated to make effective contribution in industry growth over the projected timeframe.
High investment and significant operating cost involved in processing waste water or sludge to attain the product is likely to hamper the biosolids market size in the coming years. Furthermore, limited technological advancements are subjected to hinder the business growth during the forecast period. Asia Pacific countries including India, Indonesia, etc. where agriculture activities are flourishing is likely to provide plentiful opportunities for biosolids market size in the coming years.
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Global biosolids market size is segmented based on product including Class A, Class A(EQ) and Class B. The product is characterized based on the ability to meet vector attraction requirements and level of pathogens. Class A have minimal level of pathogens and vector attraction reduction (VAR) as mentioned by the U.S. EPA. VAR refers to the attractiveness level of biosolids to vectors including flies, rodents, mosquitoes, etc. to transmit disease to humans. They are legally accepted as fertilizers on farms and are commercially available for home owners as compost or fertilizer. Class A EQ (Exceptional Quality) exceed all VAR requirements of Class A. Class B comprise of higher level of pathogens compared to Class A. They are subjected to use only after attaining permit from EPA.
Based on form, biosolids market size is divided into cake, liquid and pellets. Cake, being the most commonly available product has attained the highest biosolids market size in 2016. Cake contains 11-40% of solid content. Liquid form usually contains the highest water content of approximately 94-97% as it is directly obtained from digester without going through dewatering process.
Based on application, biosolids market is segmented into crop fertilizer in agriculture, heat generation, reclaiming mining sites and others. Agricultural activities have captured the highest industry share owing to increasing usage of product as crop fertilizer in the rapidly growing agricultural sector primarily in Asia Pacific. Energy requirements to meet growing demand across various end-user applications has resulted in employing the product as fuel in heat generation. It is likely to make significant contribution in biosolids market size in the coming years. Widespread coal usage has resulted in increasing mining activities across the globe. Therefore, product utilization in restoring the hampered mining sites shall boost business growth by 2024.
Regionally, Europe and North America has attained maximum market share in 2016. These regions are expected to hold on to their position in the coming years. However, the regional growth shall witness moderate gains over the forecast timeframe on account of mature sectors including energy generation via coal and agriculture. In addition, Asia Pacific shall exhibit promising gains from 2017 to 2024 due to rapidly growing agricultural sector and increasing waste water treatment.
Key global biosolids market size contributors are Casella Organics, GeoEnvironmet Technologies, Alka-Tech, Wm. H. Reilly & Company, Biodisk Corp., Arcadis, Biocore Environment, Biosolids Management Group Inc., Burch Biowave - Burch Hydro Inc., New England Fertilizer Company, Recyc Systems Inc., Terratec Environmental Ltd., Ch2m Hills Companies Ltd., BCR Environmental and Merrell Bros., Inc.
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