Market Size of Agricultural Wastewater Treatment Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 2.39 Billion |
Market Size (2029) | USD 3.02 Billion |
CAGR (2024 - 2029) | 4.75 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Agricultural Wastewater Treatment Market Analysis
The Agricultural Wastewater Treatment Market size is estimated at USD 2.39 billion in 2024, and is expected to reach USD 3.02 billion by 2029, growing at a CAGR of 4.75% during the forecast period (2024-2029).
The COVID-19 outbreak brought several short-term and long-term consequences in various industries, such as agriculture, and water treatment affecting the market. The agriculture industry was widely impacted due to supply chain disruption and a halt in the production of chemical manufacturing companies. It is due to lockdown and workforce shortages, thus, adversely affecting the market. For instance, worldwide, the lockdowns in Europe greatly disrupted food supply chains. According to Syngenta, about 46% of large European farming businesses were impacted by the COVID-19 pandemic.
- Rapidly diminishing freshwater resources and rising agricultural water demand are likely to drive the demand for the studied market.
- On the flip side, a dearth of awareness regarding agriculture wastewater treatment is expected to hinder the market growth.
- Growing investments and active research on water treatment technologies are expected to provide a major growth opportunity for the market studied.