Water and wastewater treatment market in food & beverage industry to reach $4.65 billion in 2020

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Water and wastewater treatment market in food & beverage industry to reach $4.65 billion in 2020

Greentech Lead U.K: Water and wastewater treatment market
in the global food and beverage industry earned revenues of $2.86
billion in 2011 and estimates this to reach $4.65 billion in
2020, says a new analysis from Frost & Sullivan.

The market will continue to be fast growing and
future-oriented, remaining extremely positive towards innovations and
technological upgrades that enhance water management, the research said.

As the reduction of energy and water footprints becomes
standard in this highly resource-intensive industry, services that limit
production costs and tap into economic benefits linked to water conservation
and reuse will be preferred.

The CEO 360 Degree Perspective of the Water and
Wastewater Treatment Market in the Global Food and Beverage Industry finds t
hat the food and beverage industry’s focus is increasingly on health and
wellness as well as on smart and green production. This will result in a
re-assessment of safe solutions, while promoting process efficiencies.

“Advanced water treatment solutions for closed loop
systems are gaining in importance as they support lower operational costs and mitigate
the effect of increasing water prices,” said Frost & Sullivan
Environmental Research Analyst Paulina Szyplinska. “Additionally,
stringent environmental legislation will drive demand for all services related
to high-end water and wastewater treatment.”

The trend of water reuse practices is expected to push
further developments and improvements in water recycling technologies,
especially in the water-stressed regions of North
America and Asia-Pacific. Opportunities for design and engineering,
as well as operation and maintenance, are likely to expand as industrial
customers increasingly turn to water specialists to improve their operational
efficiency and meet stricter environmental standards.

“Many food and beverage manufacturers and industry
groups, such as dairy and beverages, have already implemented sustainable water
management practices,” noted Szyplinska. “Such initiatives are set to
reduce operational costs, enhance product quality as well as boost the brand
perception and green credentials of these companies.”

Large global corporations have taken up water
conservation as a priority. They have set clear targets and are still on track
to improve water use ratios and wastewater discharge levels. To stay
competitive, small- and medium-sized companies will also follow the benchmark
set by these market leaders.

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