Around the world, biological wastewater treatment is increasingly gaining acceptance due to its cheaper and cleaner process of treating sewage water. Growing population and industrialization, aging infrastructure, water scarcity, and stringent regulations on wastewater disposal into the environment are the key factors driving the growth of the global biological wastewater treatment market over the next five years.
According to the new market research report by MarketsandMarkets, the global biological wastewater treatment market is estimated to be worth $8.7 billion in 2020 and is projected to reach $11.1 billion by 2025, growing at a CAGR of 5.1%.
Market dynamics
Based on process, the global biological wastewater treatment market is segmented into aerobic and anaerobic treatment. The aerobic treatment accounted for a larger share of the biological wastewater treatment market in 2019, owing to its efficiency in processing, simple design, and low capital costs. The anaerobic treatment is expected to grow at a higher CAGR during the forecast period, owing to its low production of sludge, low consumption of energy, and higher production of byproducts such as methane gas after treatment.
Among the end-use segments, the industrial wastewater treatment segment includes pulp & paper, meat & poultry, chemicals, pharmaceuticals, and others. The industrial segment accounted for the largest share, owing to stringent regulations and high biological oxygen demand (BOD) requirements in this segment. However, the municipal wastewater treatment segment is expected to grow at the highest CAGR during the forecast period.
Among the various geographical regions, North America accounted for the largest market share in 2019. This large share can be attributed to stringent regulations, aging infrastructure, steady economic development, and increasing consumption of water from industries. Further, the presence of major biological wastewater treatment system manufacturers such as Evoqua Water Technologies LLC, Aquatech International, and Xylem Inc. gives a competitive edge to the North American region over others.
Meanwhile, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. Drivers for the growth of the biological wastewater treatment market include a rapidly increasing population, industrialization, and urbanization.
Indian biological wastewater treatment market
A growing population, booming industrialization, and increasing hygiene requirements are some of the key factors that are fueling the growth of the wastewater treatment market in India. Policy boost provided by the Swachh Bharat Mission has boosted the market as well. Increased emphasis on cleanliness has led to the development of advanced wastewater treatments such as activated carbon filters, oxidation ponds, and composting.
Stringent environmental regulations and increasing awareness about the importance of biodegradation coupled with declining prices of bioremediation technologies are likely to boost the market growth in India. Majorly the market has been divided into municipal wastewater, agricultural wastewater, and industrial wastewater treatment. The market is expected to grow at a CAGR of 5.8% over the next five years. Major players in the market are multinational companies such as Siemens AG, Hitachi Ltd., and Suez Environment S.A.
Author bio: MarketsandMarkets provides quantified B2B research on high growth market opportunities through its flagship competitive intelligence and market research platform, ‘Knowledge Store’.
