by Nutrient recycling involves processes to recover nutrients like nitrogen and phosphorus from waste streams and return them to productive applications. Nutrient recycling technologies recover nutrients from organic residues like animal manure, sewage sludge, food waste, and agricultural waste. The recycled nutrients are then used to produce organic fertilizers. Nutrient recycling helps reduce the need for chemically synthesized fertilizers and promotes sustainable waste management. The global nutrient recycling market encompasses technologies and processes involved in capturing and recycling nutrients from livestock manure, municipal solid waste, food processing waste, and agricultural residues. Key processes include anaerobic digestion, aerobic composting, and biological and chemical treatment. The global nutrient recycling market recovers nutrients from different wastes generated from various industries like agriculture, food processing, livestock farming, and municipal solid waste treatment.
The global Nutrient Recycling Market is estimated to be valued at Us$ 4.98 BILLION in 2023 and is expected to exhibit a Cagr OF 5.9% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The Global Nutrient Recycling Market Demand is expected to witness high growth over the forecast period driven by supportive regulatory framework and circular economy initiatives across regions. The Asia Pacific region currently dominates the market owing to large livestock production and growing demand for organic fertilizers. China, India and other Southeast Asian countries are emerging as high potential markets.
Market Dynamics
First Driver: Adoption of Sustainable Waste Management Practices
The need for sustainable waste management practices is a major driver of the global nutrient recycling market. Nutrient recycling from organic wastes helps reduce the environmental pollution caused by waste decomposition in landfills. It supports the principles of circular economy by recovering nutrients that can be reused. Government policies and regulations favoring sustainable waste management are promoting the adoption of nutrient recycling technologies across regions.
Second Driver: Reduced Dependence on Synthetic Fertilizers
Nutrient recycling produces organic fertilizers that are an alternative to chemically synthesized fertilizers. Considering the rising costs of fertilizer production and environmental concerns over excess use of synthetic fertilizers, nutrient recycling helps improve soil health and fertility while reducing agriculture’s carbon footprint. This is spurring increased demand for recycled organic fertilizers in the agriculture sector.
Segment Analysis
The global Nutrient Recycling Market is segmented on the basis of end-use, technology, and waste type. Based on end-use, the composting segment is dominating currently. This is due to the ease of composting technique and wider adoption by individuals and municipalities for yard and food waste recycling.
PEST Analysis
Political: Regulations promoting recycling and reuse of waste are driving the nutrient recycling market growth. Many governments provide subsidies for adopting nutrient recycling technologies.
Economic: Rising feed and fertilizer costs are encouraging livestock farmers and growers to adopt nutrient recycling solutions to reduce expenses. The circular economy further enhances the business case for nutrient recycling.
Social: Growing consumer demand for sustainable food production is prompting companies and farms to minimize environmental impact through nutrient recycling.
Technological: Emerging technologies like anaerobic digestion and black soldier fly larvae are gaining market share. These technologies offer improved nutrient extraction efficiency from different waste streams.
Regional analysis
The Asia Pacific region is currently the fastest growing market for nutrient recycling owing to presence of large livestock farms and arable land. China dominates the APAC nutrient recycling market with strong government support for adopting sustainable waste management practices. Countries like India and Vietnam are also witnessing increased recycling of poultry litter, livestock manure and food waste for fertilizer production.
Key players
Key players operating in the nutrient recycling market are Ostara Nutrient Recovery Technologies Inc., Nutrient Recovery & Upcycling LLC, Cambi AS, AgriProtein Holdings Ltd. These companies are focusing on technologies like struvite precipitation, anaerobic digestion, and insect larvae processing for efficient nutrient recovery from different waste streams. Ostara Nutrient Recovery Technologies Inc. leads the market with its patented Crystal Green phosphorus recovery systems installed across locations globally.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
