As per the reports given by WaterWorld, in global food and beverage industry, the water and wastewater treatment market will have a continuous growth and future-focussed by remaining positive towards innovations and technological upgrades that enhance water management. In the resource-intensive industry, reduction of energy and water footprints are conserved mainly by reuse and providing services that limit production costs and tap into economic benefits linked to water conservation.
According to Frost & Sullivan reports, CEO 360 Degree Perspective of the Water and Wastewater Treatment Market in the Global Food and Beverage Industry which is part of the Environmental Growth Partnership Service programme has found that the market had earned revenues of $2.86 billion in 2011 and forecast this to reach $4.65 billion in 2020.
According to Paulina Szyplinska, the analyst from Frost & Sullivan environment research, the advanced water treatment solutions for closed loop systems are gaining importance as they support lower operational costs and lessen the effect of increasing water prices. The analyst also added that the environmental legislation might demand for all services related to high-end water treatment and wastewater treatment.
According to WaterWorld reports, the water reuse practices is expected to drive further developments and improvements in water recycling technologies, majorly in the water-stressed regions of North America and Asia-Pacific. Because of which there would be opportunities given for design & engineering, and also to operation & maintenance, which might expand as industrial customers who take help from water specialists to improve their operational efficiency and meet stricter environmental standards.
Paulina Szyplinska, the analyst from Frost & Sullivan environment research also says that many food and beverage manufacturers and industry groups, such as dairy and beverages, have already implemented sustainable water management practices. The analyst also adds that such initiatives will reduce operational costs, enhance product quality as well as boost the brand perception and green credentials of these companies in the future.