Wastewater Market Within Pulp, Paper Industry to Hit $1.56bn
The global market for water and wastewater treatment and equipment within the pulp and paper industry will grow from $983.9 million in 2012 to $1.569 billion in 2020, according to analysis from Frost & Sullivan.
The market is expected to experience a 6 percent compound annual growth rate as rising water prices and tightening environmental standards force the pulp and paper industry to install high-end equipment to treat wastewater and reduce consumption, Frost & Sullivan says.
CEO 360 Degree Perspective on the Global Pulp and Paper Water and Wastewater Treatment Market finds pulp and paper manufacturers are seeking out advanced water and wastewater treatment technologies that are easy to operate and maintain, and have an efficient energy rating.
Closed-loop systems are particularly popular because they enable the pulp and paper industry to recycle and reuse water as well as recover excess pulp fibers in the wastewater.
Pulp and paper manufacturers are switching from conventional systems to more sophisticated solutions, such as membranes to increase wastewater treatment levels and reduce the loss of raw materials, Frost & Sullivan says.
Developing countries offer the highest potential for market expansion, according to the analysis. However, opportunities in mature regions, such as North America and Europe, also will arise with the need to modernize existing facilities.
Wastewater treatment companies must develop water-related products and services that can address the needs of each individual end-user to capture further market expansion, the report says.
Meanwhile, a new technology to purify sludge could help the meat and dairy industries lower the environmental impact of their wastewater treatment. Sludge accounts for half the operating costs and 65 percent of the environmental impact of wastewater treatment, conditioning and management.
Wastewater treatment company Bioazul, based in MÃ¡laga, Spain, joined an initiative, called Wastered, co-funded by the EU, that intends to increase waste reduction in the European meat and dairy industry â€” two of the highest sludge generators in the food industry.
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