Market Trends of Agricultural Wastewater Treatment Industry
Non-Crop Segment to Dominate the Market
- Non-crop is the largest application for agricultural wastewater treatment across the world and is increasing at a steady rate. This segment primarily includes feed production and also dairy farms, and poultry. Despite low calorie and protein supply as compared to plant-based food, livestock, meat, and dairy still hold the largest share in terms of consumption.
- Asia-Pacific is the second-most active region for processed food globally in terms of poultry. New product development (NPD) accounts for 24% of processed meat, poultry, and fish product innovations in the region, led by China, Thailand, South Korea, Vietnam, and the Philippines.
- African swine fever (ASF) further stimulated chicken expansion in Asia. Southeast Asia's poultry production expanded by 56% in the last decade and is expected to reach 12.3 million metric tons by 2028.
- According to Statistics Canada, the total sales of poultry in Canada increased by 14.0% from the previous year to USD 4.2 billion in 2022. In Canada, chicken production accounted for 90.1% of the total poultry production.
- All the above-mentioned factors are driving the non-crop application segment during the forecast period.
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China to Dominate the Asia-Pacific Market
- China accounts for approximately 7% of the overall agricultural acreage globally, thus feeding 22% of the world population. The country is the largest producer of various crops, including rice, cotton, potatoes, and other vegetables. Hence, the demand for agricultural wastewater treatment is rapidly increasing in the country.
- The population of China has grown at a staggering rate in the past decade, and more than half of the population now lives in cities. With the government promoting economic growth, urbanization is on the rise. This is expected to increase the demand for improvement in agricultural wastewater infrastructure.
- According to the Chinese National Bureau of Statistics (CNBS), China's summer crop sown area increased by 0.3% year on year, reaching 26.53 million hectares. This represents an increase of 92,100 hectares compared to the previous year.
- The United States Department of Agriculture (USDA) projects that the demand for poultry products, particularly white broiler products, will reach 14.475 million metric tons in 2023.
- In March 2023, China's poultry meat exports amounted to USD 63 million, while imports reached USD 410 million, as reported by Observatory of Economic Complexity (OEC). The main destinations for poultry meat exports were Hong Kong, Macau, Bahrain, Georgia, and Mongolia.
- Based on the aforementioned aspects, China is expected to dominate the Asia-Pacific region.
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