Home > Energy & Power > Waste Management > Nutrient Recovery System Market
Nutrient Recovery System Market was valued at USD 4 billion in 2023 and is estimated to register a CAGR of over 12% between 2024 and 2032. Rising concerns about water quality play a significant role in driving market expansion. Equipped with excess nutrients, such as nitrogen and phosphorus, agricultural runoff endangers aquatic bodies, resulting in eutrophication. By removing these nutrients from water sources through recycling and capture, nutrient recovery systems offer a sustainable solution. The growing public awareness of environmental issues is boosting the demand for these systems to address and mitigate the harmful effects of fertilizer runoff on water quality.
Growing populations result in a spike in the demand for food, which intensifies agricultural methods. More intensive farming practices frequently lead to the overuse of fertilizers, leading to nutrient runoff. Nutrient recovery systems efficiently capture and recycle excess nutrients to successfully address this situation. The adoption of these systems is facilitated by the urgent necessity to manage nutrients sustainably with the increasing population and the need for improved agricultural yield.
Report Attribute | Details |
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Base Year: | 2023 |
Nutrient Recovery System Market Size in 2023: | USD 4 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 12% |
2024 – 2032 Value Projection: | USD 12 Billion |
Historical Data for: | 2018 – 2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 237 |
Segments covered: | System type, end use, and region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Technical challenges and complexity are the major commercial barriers for nutrient recovery systems. Potential users are discouraged by the complex structure of these systems as well as the challenges associated with their installation, use, and upkeep. The major obstacles include high upfront expenses, challenges in integrating with the existing agricultural processes, and the requirement for specialized knowledge. Despite the environmental benefits of nutrient recovery systems, overcoming these hurdles prevents their broad adoption. This limits the market's ability to grow, particularly considering the need for sustainable agriculture.