New York, United States , July 03, 2024 (GLOBE NEWSWIRE) -- The Global Nutrient Recycling Marketing Size is to Grow from USD 4.83 Billion in 2023 to USD 8.4 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.69% during the projected period.
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The breakdown of organic waste and subsequent conversion of nutrients back into forms that may be taken by living things, including bacteria, plants, and animals, is known as nutrient recycling. Reusing biological waste from municipal, industrial, and agricultural processes is known as nutrient recycling. Animal waste as well as industrial and urban trash are acceptable organic sources. The two main nutrients that are recycled are phosphate (P) and nitrogen (N), as the latter can be utilized instead of chemical fertilizers, reducing the amount of fossil P resources extracted and the environmental impact of making nitrogen fertilizer from minerals. Additionally, people are becoming more conscious of where their food comes from and how its production affects the environment. Consequently, there is heightened pressure on food producers to implement sustainable practices to satisfy consumer demands. By using natural cycles to restore the microbial population, nutrient recycling systems increase soil fertility. As a result of the contaminants being reduced, it improves environmental health. Sustainable agricultural methods, such as recycling nutrients, are becoming more and more popular as environmental concerns over agriculture's harmful consequences grow. It decreases production costs sustainably and improves soil health.
Browse key industry insights spread across 172 pages with 110 Market data tables and figures & charts from the report on “Global Nutrient Recycling Market Size, Share, and COVID-19 Impact Analysis, By Type (Gaseous Cycle, Sedimentary Cycle, and Hydrological Cycle), By Method (Bio Composting, Anaerobic Digestion, Nutrient Recovery from Wastewater, Cover Cropping & Mulching, and Aquaponics), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.”
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The gaseous cycle segment is anticipated to hold a significant share of the global nutrient recycling market during the predicted timeframe.
Based on the type, the global nutrient recycling market is divided into gaseous cycle, sedimentary cycle, and hydrological cycle. Among these, the gaseous cycle segment is anticipated to hold a significant share of the global nutrient recycling market during the predicted timeframe. It improves crop cultivation, is cost-effective, and is a popular seed treatment. Gaseous cycles generally progress more quickly and are better able to adjust to changes in the biosphere than sedimentary cycles.
The nutrient recovery from wastewater segment is anticipated to hold the largest share of the global nutrient recycling market during the predicted timeframe.
Based on the method, the global nutrient recycling market is divided into bio composting, anaerobic digestion, nutrient recovery from wastewater, cover cropping & mulching, and aquaponics. Among these, the nutrient recovery from wastewater segment is anticipated to hold the largest share of the global nutrient recycling market during the predicted timeframe. These systems collect and recycle excess nutrients including nitrogen and phosphorus, which helps reduce eutrophication in aquatic settings.
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North America is expected to hold the largest share of the global nutrient recycling market over the forecast period.
North America is expected to hold the largest share of the global nutrient recycling market over the predicted timeframe. The United States has played a significant role in the growth of the nutrient recycling business in the region due to the country's raised funding for biobased agriculture. Concerns about how agriculture affects the environment are driving up the need for sustainable farming practices such as fertilizer recycling in this area. Among the concerns influencing this demand are worries about resource shortage, climate change, and food safety. The growing need for fertilizer recycling systems in North America is mostly due to the growing popularity of energy crops. These crops, which include switchgrass, maize, and soybeans, are produced for their bioenergy, and the leftover material can be recycled to replenish soil nutrients.
Europe is predicted to grow at the fastest pace in global nutrient recycling market during the projected timeframe. Due to the Water Framework Directive and the EU's circular economy package, food recycling efforts have been spearheaded by Europe. Integrated nutrient management systems, comprising wastewater, biological waste, and agricultural residues, have been put into place in a few European nations. Nutrient recycling systems have been pioneered by countries including the Netherlands, Denmark, and Germany, who have implemented strict regulations to prevent nutrient contamination and promote sustainable farming practices.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in global nutrient recycling market include Ostara Nutrient Recovery Technologies Inc., Nutrient Recovery & Upcycling LLC, Cambi AS, AgriProtein Holdings Ltd., Anuvia Plant Nutrients, Ostrevent, Veolia, BioHiTech Global Inc., DVO, Inc., AgriReNew, Inc., Smithfield Foods, Inc., Aqua Green, Elemental Enzymes, Suez, and others.
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Recent Developments
- In September 2022, A new biogas value chain cooperation, led by Biolan Oy, Gasum Oy, and Pöytyän Maanparannus Oy, will concentrate on recycled nutrients. Kiertoravinne Oy supplies recovered nutrients from biogas plants and fertilizer products based on digestate to the agricultural and industrial sectors.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Nutrient Recycling Market based on the below-mentioned segments:
Global Nutrient Recycling Market, By Type
- Gaseous Cycle
- Sedimentary Cycle
- Hydrological Cycle
Global Nutrient Recycling Market, By Method
- Bio Composting
- Anaerobic Digestion
- Nutrient Recovery from Wastewater
- Cover Cropping & Mulching
- Aquaponics
Global Nutrient Recycling, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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