The Latin American biosolids market is expected to reach USD 2.65 billion in 2024 and USD 3.30 billion by 2029, which is estimated to grow at a CAGR of 4.44% from 2024 to 2029.
Biosolids are treated sewage sludge which are intended to be used as soil conditioner. These are considered as organic solids which are derived from the sewage treatment processes. They are rich in minerals and nutrients, and are used in a various sectors, ranging from agriculture to energy production. Mostly, they are used as natural fertilizers. Biosolids have major applications in the sector of agriculture, energy recovery, mine reclamation, water treatment, and crop fertilizer.
The Latin America Biosolids market is developing at an exceptionally quick pace. The significant driver is the stringent government emission laws which force chemical plants and factories to treat wastewater (sludge) to an acceptable level. Biosolids are a good alternatives to chemical fertilizers, hence use of biosolids as fertilizers is driving the market. However limited advancements in technology and huge capital cost are proving to be a barrier in the Biosolids market.
The cake segment will have a major share in the Biosolids market in 2021.
Class B is expected to have the highest growth rate and largest market share.
Agricultural land Application had the largest market share.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The market is anticipated to keep thriving in this region.The huge rise in spending has increased the demand for this industry.
Synagro, GeoEnvironment Technologies, Casella Organics, BIODISK Corporation, Wm. H. Reilly & Company. These are the market players that are dominate the Latin America biosolids market.
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