A new report on the ballast water treatment market claims it will grow at a compound annual growth rate of 37.19% between 2017 and 2022.
Market Research says that waterbourne diseases as a result of shipping is a growing concern and preventing the transfer of pests and diseases is vital. The movement of species from their native to non-native environments, via ships’ ballast tanks can result in ecosystem disruption and have economic and health implications.
These issues are driving the ballast water treatment market says Market Research.
The report says that Europe and Asia Pacific will be the major markets for the ballast water treatment industry, following the initiatives that have been taken by European governments for human and economic health benefits.
In Asia Pacific regions there is evidence of increasing adoption of IMO regulations. Combined with an increase in trade, there is likely to be further demand on the shipping industry to reduce its environmental and social impacts of says Market Research.
For more information on the report and to view access options see Market Research’s website.
Fathom-News
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