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Liquid Waste Management Market Size to Reach USD 85.02 Billion by 2026; Elevating Water Crisis to Boost Market Prospects

April 16, 2020 | Chemicals & Materials

The global liquid waste management market size is predicted to reach USD 85.02 billion by 2026. The growing emphasis to curb water pollution by government bodies will subsequently create lucrative business opportunities for the market in the forthcoming years. Additionally, the rising importance for clean water along with awareness regrading water contamination will positively influence the   waste management market trends in the forthcoming years, mentioned in a report titled “Liquid Waste Management Market Size, Share & Industry Analysis, By Source (Residential, Commercial & Industrial), By Industrial (Paper & Pulp, Chemical & Petrochemicals, Food & Beverages, Textile & Tannery and Others) and Regional Forecast, 2019-2026” the market size stood at USD 65.93 billion in 2018 and is expected to register a CAGR of 3.3% between 2019 to 2026.


Renewal of SUEZ’s Wastewater Recycling Contract to Promote Growth 


Suez, a French-based utility company announced the renewal of its contract with West Basin Municipal Water District for the maintenance of water recycling facility in Southern California. The five-year contract includes a transaction of €67 million, beginning from 2020 and extending till the end of 2024. The announcement of the new development and agenda for the future will consequently accelerate the market growth for liquid waste management during the forecast period owing to their aim to preserve water resources for sustainable water supply. Moreover, Edward C. Little water recycling facility yields about 15000 m³ of water everyday while also producing five different qualities of custom-made recycled water to meet certain need to the West Basin’s municipal, commercial and industrial customers. Nonetheless, the production of 45 000 m³ of barrier water every day for aquifers replenishment by the Edward C. Little facility will protect ground water and seawater, which, in turn, will aid to fulfill market possibilities in the future.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/liquid-waste-management-market-102643


Big-Budget Water Treatment Plants to Dwindle Market Growth


The growing plans and initiatives by government to reduce water pollution will favor the market share for liquid waste management during the forecast period. For instance, in 2019, the ‘Love Water’ campaign was launched in the U.K, over 40 environmental groups, water companies, charities and regulatory authorities joined hands together to raise awareness about water pollution and importance of water in future. Moreover, the U.S. Environmental Protection Agency released an ‘Effluent Guideline’ for industries under the Clean Water Act (CWA). The maximum contamination level allowed in discharge will depend on industry type and the levels set as per performance of treatment systems. Nonetheless, high-cost associated with the establishment of water treatment plants will sequentially restrict the liquid waste management market growth in developing countries. For instance, high income nations have the treatment capacity of over 70% of the wastewater production as compared to 8% in low income countries.


Rising Water Crisis to Enable Robust Development


The growing demand for clean water supply in developing countries has led to the recycling of waste water, which, in turn, will aid market development. As per the United Nation Environment Program survey, the demand for water will increase 50% by 2030. Moreover, over 3.5 million people in Africa, Asia and Latin America have water related diseases and more than 0.8 million people die every year due to contaminated drinking water. The rising investment by renowned companies in water treatment projects will spur sales opportunities for the market in the forthcoming years. In March 2019, Aqua America Inc., an Essential Utilities company announced to invest US$ 555 million for the development of water & wastewater systems across eight states in the U.S.


The Report Lists the Key Players in the Liquid Waste Management Market:



  • Veolia Environmental Services

  • SUEZ Environment SA

  • Xylem

  • Evoqua Water Technologies Corporation

  • Covanta Holding Corporation

  • Clean Harbors, Inc.

  • GFL Environmental Inc.

  • Cleanaway

  • Aqua America Inc.

  • Hulsey Environmental Services

  • Enva


Further Report Findings:



  • Regional Analysis: The market in North America stood at USD 19.75 Billion in 2018 and is predicted to rise significantly during the forecast period owing to the top water treatment plants in the region. The growing population in India and China along with high demand for clean drinking water will subsequently boot growth in Asia Pacific. The market in Europe is expected to witness high growth during the forecast period due to the rising government initiatives to preserve water.

  • Leading Segment: Residential segment accounted for the lion’s share in 2018 and is expected to remain dominant during the forecast period owing to the rising 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 application is converted to wastewater after use.


The Liquid Waste Management Market is Segmented into:








































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Billion)



Segmentation



By Source



  • Residential

  • Commercial

  • Industrial



By Industrial



  • Paper & Pulp

  • Chemical & Petrochemicals

  • Food & Beverages

  • Textile & Tannery

  • Others



By Geography



  • North America (U.S. and Canada)

  • Europe (Germany, UK, France, Spain, and Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, ASEAN, Australia and Rest of Asia- Pacific)

  • Latin America (Brazil, Argentina, Mexico and Rest of Latin America)

  • Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)


Liquid Waste Management Market
  • PDF
  • 2018
  • 2015-2017
  • 75

    CHOOSE LICENSE TYPE

  • 4850
    5850
    7850

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