The Global Nutrient Recycling Market Will Expand
As reported by the India-based company Spherical Insights & Consulting, the Global Nutrient Recycling Market Size is to grow to 8.4 billion US-Dollar by 2033 (from about 4.83 billion US-Dollar in 2023), at a compound annual growth rate (CAGR) of 5.69 percent during the projected period.
“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,” the market research and consulting firm explained. “Reusing biological waste from municipal, industrial, and agricultural processes is known as nutrient recycling.” According to the definition, 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 were becoming more conscious of where their food comes from and how its production affects the environment. Consequently, there would be enhanced 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. Because of the contaminants being reduced, it improves environmental health”, Spherical Insights & Consulting emphasized. “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.”
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, the company informs. 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.
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(Published in GLOBAL RECYCLING Magazine 3/2024, Page 14)
