Global Agricultural Waste to Energy Market Report and Forecast 2024-2032

Global Agricultural Waste to Energy Market Outlook

The global agricultural waste to energy market would likely grow at a CAGR of 6.2% during 2024-2032. Farm activities generate a significant amount of residue and waste, leading to environmental problems.

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Waste is produced during crop harvesting and processing, and product synthesis, among associated activities. Studies have revealed that agricultural residue and waste could be a renewable carbon resource and converted into energy products, biofuels and biofertilisers. Further, several companies are engaged in developing technologies to utilise agricultural residue and waste, chiefly as fuel. Such initiatives would help clean the environment and help farmers develop an additional source of income. North America, Asia and Europe are likely to be key markets. 

Global Market Likely to be Driven by Need to Recycle Agricultural Residue and Waste

Quick growth in volume and kinds of waste agricultural biomass has gained much attention as decayed waste agricultural biomass releases leachate and methane, and open burning to clear lands begets CO2 and added toxins. Inappropriate management of waste agricultural biomass contributes to climate change, soil and water adulteration, and air pollution. The waste has high value in relation to energy and material recovery. Traditionally, agricultural residue was employed as cattle fodder or as raw material for bio-fertilisers or biofuel. But in several cases, stubble, stalk, husks, leaves, and seed pods are not usable. Thus, the need arises for efficient and feasible methods of recycling crop residue.

Governments and other bodies are making significant efforts to manage waste agricultural biomass and transform it into a material resource. Technical innovations have enabled the use of biomass as a valuable fuel source. Biomass, previously burned as waste on the fields, has as result risen in value and also helped increase the income of farmers. Today, agricultural waste products are collected and utilized as fuel for energy production. Such developments are likely to boost the global agricultural waste to energy market. 

Waste to Energy Conversion Procedure for Power and Heat Creation Holds Significant Economic Potential

Large volumes of agricultural waste that result from cultivation activities of crop offer a likely source of energy supply for processing, production and domestic actions in rural regions. While on average, one and a half tons of crop residue is produced for every one ton of the main product processed, significant secondary residue is generated in agro-industries processing farm produce, such as paddy, sugarcane,  vegetables, coconut and fruits.

There generally is a disposal cost associated with agricultural residues, thus, the “waste-to-energy” conversion procedure for power and heat creation, and also transport fuel production, could have significant economic and market potential. These hold value, especially in rural community applications, and are extensively employed in countries such as Denmark, Sweden, USA, Netherlands, Austria, Canada, and Finland. These factors are likely to boost the global agricultural waste to energy market. EU nations exhibit significant potential in relation to agricultural biomass. As there is high demand for the resource in agriculture, nearly 15% of the present potential is usable for energy purposes. Straw from cereal crops and cultivation of energy crops on fallow land offer the highest potential. 

Market Segmentation

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By type, the market is segmented into: 

• Solid
   
• Semi-Solid
   
• Liquid

By end product, the market is divided into:

• Biogas
   
• Biofuel
   
• Others

By application, the global agricultural waste to energy market is classified into: 

• Electricity
   
• Heat
   
• Others

By region, the market is segmented into:

• Europe
   
• North America
   
• Latin America
   
• Asia Pacific
   
• Middle East and Africa

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Key Industry Players in the Market  

The report offers an extensive assessment of major players in the global agricultural waste to energy market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:

• Ameresco, Inc
   
• EvoEnergy Limited
   
• Green Elephant GmbH
   
• Fulcrum BioEnergy, Inc.
   
• SynTech Bioenergy, LLC
   
• Anaergia Inc.
   
• Woodland Biofuels Inc.
   
• Inventure Renewables, Inc.
   
• Khepra Incorporated
   
• Wastefuel
   
• Others

Key Highlights of the Report