THE water and wastewater treatment market in the global food and beverage industry will continue to be fast growing and future-oriented and remain positive towards innovations and technological upgrades that enhance water management.
Those are among the conclusions of new analysis from Frost & Sullivan which forecasts that 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 study found that the market earned revenues of $2.86 billion in 2011 and estimates it will to reach $4.65 billion in 2020.
