(2019 – 2024) “Agricultural Wastewater Treatment (WWT) Market” Report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Agricultural Wastewater Treatment (WWT) Analysis. The Agricultural Wastewater Treatment (WWT) market is expected to register a CAGR of approximately 5.48% during the forecast period of (2019 – 2024).
Agricultural Wastewater Treatment (WWT) Market Report Covers Leading Manufacturers: AECOM, Akzo Nobel N.V., Albemarle Corporation, Aquatech International LLC, BASF SE, Black & Veatch Holding Company, CH2M Hill, Dow Water & Process Solutions, Evoqua Water Technologies, IDE Technologies, Lindsay Corporation, Louis Berger, Organo Corporation, Originclear, Inc., Suez Environment, Veolia Water, WS Atkins plc
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The global agricultural wastewater treatment (WWT) market was valued at USD 1,997.24 million in 2017. The market is estimated to be valued at USD 2,090.91 million in 2018 and expected to reach USD 2,730.24 million by 2023, at an estimated CAGR of 5.48% during the forecast period. Asia-Pacific dominates the market and is expected to witness the highest CAGR through the forecast period.
Rapidly Diminishing Freshwater Resources to Drive the Market
Fresh water, even though abundantly available, is a limited resource. The increasing need for mechanization and food safety has led to an excessive use of the available freshwater resources in the past century. This has created an ecological imbalance, as the wastewater produced from the agricultural and industrial processes, and sewage water is discarded into freshwater resources. Freshwater sources have become extremely polluted, due to human activity, to the extent of becoming toxic. Furthermore, fires have been reported in the lakes, owing to the chemical waste present in the water. According to the United Nations Environment Program (UNEP), about 1.8 billion people are likely to be living in regions with an absolute water scarcity by 2025 and two-thirds of the total population would be living in water-stressed environments. Therefore, the decrease in the freshwater resources is the major driver for the demand of wastewater treatment applications, thereby, leading to the growth of the market in the forecast period.
Chemical Treatment Technology to be the largest for Agricultural Wastewater Treatment Market
Chemicals in agricultural wastewater treatment are mainly used for the treatment of pesticides and other harmful chemicals before the release of water in the river or other water resources. The primary technology employed for the treatment of wastewater from the agricultural sector is chemical and it accounts for around 45% of the market share in 2017. Chemical precipitation, coagulation, flocculation processes, absorption process, etc. are some of the chemical treatment processes commonly used to remove colloidal particles and microbes from wastewater.
Asia-Pacific to be the Fastest Growing Region during the Forecast Period
Asia-Pacific is facing water pollution primarily due to the increase in the agricultural activities. The problem of water pollution is larger in Northern China, where close to 45% of the water available is considered unfit for human consumption. Approximately 60% of the Chinese population relies on groundwater sources for drinking, which is either untreated (in rural areas) or improperly treated (municipal water supplies). Moreover, in India, agriculture accounts for more than 80% of the water usage. Agriculture, an important sector of the Indian economy, accounts for 14% of the nation’s GDP and approximately 11% of the nation’s exports. The rise in the agriculture industry, consumption of fertilizers, and population are estimated to boost the demand for agriculture wastewater treatment technologies over the forecast period.
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