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The global liquid waste management market size was USD 65.93 billion in 2018 and is projected to reach USD 85.02 billion by 2026, exhibiting a CAGR of 3.3% during the forecast period.
According to the Environmental Protection Agency (EPA), liquid waste is defined as the waste material that passes through a 0.45-micron filter at a pressure of 75 psi. Liquid waste includes sewage as well as wastewater produced from different industries. Liquid waste can be hazardous or non-hazardous. It may contain organic matter which is beneficial for agriculture or it may contain synthetic chemicals & pathogens which are harmful to the environment. The basic aim of liquid waste treatment is to convert wastewater into acceptable effluent that can be disposed of on land, rivers, or sea. Liquid waste undergoes primary, secondary & tertiary treatment. In primary treatment, suspended solids are screened & separated. In secondary treatment, dissolved biological matter is converted into solid forms mostly by water-borne bacteria. Further, in tertiary treatment, biological solids are neutralized and treated water is disinfected chemically or physically and then disposed of.
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Liquid Waste Disposal Using Sunlight To Be The Key Market Trend
Researchers have developed an environment-friendly and economical technology to degrade contaminated liquid waste using sunlight. This new technology is expected to significantly reduce the waste-management expenditures of several industries. Disposal of liquid waste has always been challenging for industries, especially the ones operating in the manufacturing sector. The existing technologies available for waste disposal are costly, owing to which many industries do not follow the protocols for liquid waste disposal. According to the Asia Journal of Chemistry, this novel technique will be enormously efficient in the degradation of toxic chemicals generated by companies in various industries such as pharmaceuticals, textiles, paper, agrochemicals, and others.
Increasing population & rapid urbanization leads to a higher need for liquid waste treatment
As the population is growing, the amount of liquid waste produced is rising which further leads to the higher necessity of liquid waste treatment systems globally. According to the United Nations Report, the global population is expected to reach 8.5 billion by 2030, 9.7 billion by 2050 and surpass 11 billion by 2100. Moreover, rapid urbanization across the world is fueling the need for wastewater treatment in urban areas. According to the World Health Organization (WHO), the urban population in the world is projected to grow over 1.63% and 1.44% per year during 2020-25 and 2025-30 respectively. According to the United Nations, by 2050 over 68% of the world’s population is expected to live in urban areas.
Rising awareness about water pollution through water campaigns is boosting the market growth
Wastewater includes the number of pollutants and contaminants such as pathogenic micro-organisms, heavy metals, plant nutrients, organic pollutants. When improperly treated wastewater is discharged into the environment, it can cause severe damage to the aquatic ecosystem as well as to humans. For instance, eutrophication caused due to excessive nutrients received by water bodies from agricultural run-offs. According to UN-Water Analytical brief report, eutrophication reduced the biodiversity of rivers, lakes & wetlands by one-third across the world. Therefore, to increase awareness about water pollution, both government & private sector water companies are launching water campaigns. For instance, the ‘Love Water’ campaign was launched in U.K. in 2019. Over 40 environmental groups, water companies, charities, and regulatory authorities joined their hands together to raise awareness about water pollution and the importance of water in the future. Such activities are expected to boost demand for liquid waste treatment over the forecast period.
Stringent government regulations are forcing manufacturers to adopt wastewater treatment
Government authorities such as the Environmental Protection Agency (EPA) imposed strict regulations on the discharge limits of pollutants in wastewater. For instance, the U.S. Environmental Protection Agency issued ‘Effluent Guideline’ regulations for industries under the Clean Water Act (CWA). The maximum contamination level allowed in discharge depends on industry type and the levels has been set as per the performance of treatment systems. Violation of these guidelines or regulations leads to an environmental penalty. Environmental penalty results in case of surpassing the discharge levels, accidental or abnormal release of pollutants and failure of discharge reporting. Therefore, manufacturers must treat & dispose of wastewater properly which in turn is boosting the growth of the market of liquid waste management.
The high cost of liquid waste treatment
Typically, the treatment capacity of the individual country is dependent on its income. In high-income countries the treatment capacity is over 70% of the wastewater production as compared to 8% in low-income countries. Also, in comparison with solid waste, liquid waste is difficult to collect & process. The liquid waste easily pollutes the land or freshwater resources. Therefore, it should be handled carefully. Moreover, over period, liquid waste treatment plants become less efficient due to steady build-up within piping systems.
The rising water crisis globally is creating new opportunities for liquid waste management
Lack of proper infrastructure and awareness about wastewater recycling resulted in the over-exploitation of freshwater resources across many countries. According to United Nation Environment Program report, the demand for water will increase by 50% by 2030. Moreover, over 3.5 million people live in Africa, Asia and Latin America are infected with water-related diseases and more than 0.8 million people die every year due to drinking contaminated water. Liquid waste management can effectively release the burden on freshwater resources and can save many lives. Recycled wastewater can be used in the irrigation of public parks, roads, sports academies, air condition systems, private gardening, concrete mixing and others. In the agriculture sector, nutrient-enriched recycled water can be used to fertilize crops. In power generation plants, high quantity of water is needed to cool the towers. Recycled wastewater can fulfill this requirement and can reduce the load on high-quality water usage.
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The residential segment dominated the Global Liquid Waste Management Market in 2018
Based on source, the global liquid waste management market is segmented as residential, commercial and industrial.
The residential segment accounted for largest revenue share in the global liquid waste management market in 2018. The segment is expected to lead the market of liquid waste management during the forecast period due to the higher production of wastewater through residential buildings. For instance, according to the Central Public Health & Environment Engineering Organization (CPHEEO) report, about 70-80% of total water supplied to domestic applications is converted to wastewater after use.
The industrial segment is further sub-divided into paper & pulp, chemical & petrochemicals, food & beverages, textile & tannery and others. In 2018, paper & pulp industry held a major market share in the global liquid market followed by the chemical & petrochemical industry. The amount of wastewater generated in paper & pulp industry is high as compared to other industries. In food & beverage industry, alcohol refineries, sugar manufacturing & meat processing industry are the largest sources of wastewater generation.
North America Liquid Waste Management Market Size, 2018 (USD Billion)
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North America held largest market share in the global liquid waste management market in 2018 followed by Asia Pacific. The region is expected to lead the market during the forecast period. In North America, the U.S. is a prime market for liquid waste management. In the region, over 95% wastewater collected is treated and then recycled. Moreover, five of the biggest wastewater treatment plants are established in the U.S. For instance, Chicago & Boston has a wastewater treatment plant with capacity of 1.44 billion gallons per day and 1.27 billion gallons per day respectively.
Asia Pacific is projected to be the fastest-growing region in the global market of liquid waste management during the forecast period. Increasing population in emerging economies such as China, India backed by favorable growth of the industrial sector in the region are the key factors driving the liquid waste management market growth. Moreover, increasing use of water by highly populous countries is expected to increase need for liquid waste treatment and recycling to suffice the water requirements in future. According to the Central Pollution Control Board estimation, India’s water demand is expected to rise to 1.5 trillion cubic meters by 2030.
Europe is a well-established market for liquid waste management. In most of European countries, the percentage of the population connected to wastewater treatment systems is high. For instance, according to Eurostat, in 2016, 96% of the population in Germany was connected to at least one secondary urban wastewater treatment system.
In Latin America, there is large disparity in the levels of wastewater treatment. For instance, Chile treats over 90% of the wastewater whereas Costa Rica treats approximately 4% of its wastewater. On average, only 50% of the population in Latin America is connected to wastewater treatment facilities. However, increasing investment in the wastewater industry is projected to create market opportunities for the growth of the market in Latin America. The Development Bank of Latin America estimated that over US$ 33 billion will be spent on wastewater treatment.
The Middle East & Africa region, South Africa held a significant revenue share in the liquid waste management market. In GCC, most of the countries use treated wastewater for agriculture & landscape irrigation. These countries are aiming to increase the use of recycled water to reduce water shortage in the region.
The Liquid waste management market report provides both qualitative & quantitative insights of the liquid waste management across the world. Quantitative insights include market sizing of liquid waste management in terms of value (US$ Billion) across each segment, sub-segment and region profiled in the scope of study. Also, it provides market share analysis and growth rates of segment, sub-segment and key counties across each region. Qualitative insight covers elaborative analysis of market drivers, restraints, growth opportunities, key trends related to liquid waste management.
An Infographic Representation of Liquid Waste Management Market
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Moreover, the competitive landscape section provides detailed company profiling of key players operating in the market covering their business overview, key management, key geographic operations, business strategies and SWOT analysis.
Value (USD Billion)
Fortune Business Insights says that the global market of liquid waste management was valued at US$ 65.93 Billion in 2018 and is expected to reach US$ 85.02 Billion by 2026.
The market of liquid waste management is projected to grow at a CAGR of 3.3% over the forecast period.
Increasing awareness regarding water pollution, stringent government regulations, high water demand by manufacturing industries are some of the key factors boosting growth of the market of liquid waste management.
Residential segment dominated the market of liquid waste management in 2018 and the segment is projected to lead the market during forecast period.
North America accounted for largest revenue share in the global market of liquid waste management in 2018.
Key players operating in this market are Veolia Environmental Services, SUEZ Environment SA, Xylem, Evoqua Water Technologies Corporation, Covanta Holding Corporation, Clean Harbors, Inc., GFL Environmental Inc., & Cleanaway among others.
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