Biosolids Market Report, Growth, Industry Trends & Opportunity 2023-2028
According to the global biosolids market report by IMARC Group, the market reached a value of US$ 1.6 Billion in 2022, and it is projected to reach a value of US$ 2.2 Billion by 2028, exhibiting a CAGR of 5% during 2023-2028.
What are Biosolids?
Biosolids refer to organic matter recycled from wastewater sludge and utilized as a soil fertilizer and conditioner to improve and maintain ground productivity and stimulate plant growth. They comprise macronutrients, such as phosphorus, potassium, nitrogen, and sulfur, and micronutrients, including zinc, calcium, magnesium, iron, copper, boron, molybdenum, and manganese. In addition, biosolids can be categorized into cakes, pellets, and liquids. These materials find widespread applications in agricultural, non-agricultural, heat generation, incineration, and gasification activities across the global.
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What Are The Growth Prospects And Trends In The Biosolids Industry?
The escalating food security concerns, the declining arable land, and the rising awareness toward the harmful effects of chemical-based fertilizers are among the primary factors driving the biosolids market.Besides this, the growing popularity of organic farming practices, involving the chemical-free production of crops and seeds and the extensive utilization of these substances, are further augmenting the market growth.
Moreover, the increasing demand for water treatment facilities, owing to the high industrial waste polluting fresh water, is also catalyzing the global market. Apart from this, the emerging trend of self-gardening, on account of the improving lifestyles and the elevating requirement for maintaining the aesthetics of outdoor spaces, is acting as another significant growth-inducing factor.
Additionally, the expanding number of parks, gardens, and golf courses in public and commercial areas is also stimulating the market growth. Furthermore, the inflating number of investments by the leading players in research and development (RD) activities to innovate the existing solutions and the rising need for natural products are expected to bolster the biosolids market in the coming years. .
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Class A Biosolids
- Class A (EQ) Biosolids
- Class B Biosolids
Breakup by Form
- Cakes
- Liquid
- Pellets
Breakup by Application:
- Agricultural
- Non-Agricultural
- Heat Generation, Incineration and Gasification
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- BCR Environmental
- Burch Hydro Inc
- Cambi ASA
- Casella Waste Systems Inc.
- Cleanaway Waste Management Limited
- EnGlobe Corp.
- Lystek International
- Merrell Bros. Inc.
- Recyc Systems Inc.
- Remondis SE & Co. KG (Rethmann SE & Co. KG)
- SYLVIS
- Synagro Technologies and Walker Industries.
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