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Agricultural waste is nowadays widely adopted to manufacture biogas or biofuel, which is obtained from biomass or agricultural wastes like molasses, bagasse, slurries, manure, etc. To obtain biogas from agricultural wastes, pre-treatment methods like size reduction, electron irradiation, heat treatment, enzymatic action etc. are necessary, or poultry litter is recommended. Renewable energy is generated from the slurry, bagasse, and other agricultural waste, which is then used to generate heat and electrical energy. Biogas and biofuel are then used in various industries to produce energy such as electricity & heat and reduction in dependence on oil, petroleum, and natural gas. Biogas and biofuel are the sources of renewable energy that are then used to reduce pollution.
Based on type, the agriculture waste to energy market is segmented into solid, semi-solid, and liquid. Solid agricultural waste is likely to dominate the industry as it is used as manure, fertilizer, pesticides, and herbicides in farms, poultry houses, and slaughterhouses. Along with it, it is easy to use and accessibility compared to the other available alternatives.
Based on the end product, the market can be majorly distributed into biogas, biofuel, and others. Biogas is set to hold significant share during the forecast timeline owing to its eco-friendly operations along with various applications in cooking, cooling, and heating. It is also used in producing electricity and the production of steam in many industries.
The key market driver of this market is the rapidly growing demand for renewable power generation coupled with rising measures to curb the carbon discharge. Other factors propelling the industry size are energy supply in rural communities and agro enterprises, biomass renewable energy is used for electricity generation, and to reduce environmental pollution.
The key market restraint is agricultural waste; if not used appropriately, it can cause substantial soil degradation along with contamination of water and air quality. Furthermore, inappropriate or insufficient knowledge about the uses of agricultural waste in energy generation leading to environmental pollution may obstruct the industry pace.
Key Market Driver -
Paradigm shift towards sustainable energy along with favaorable targets to support the shift
Key Market Restraint -
Risks of soil degradation upon improper treatment
Some of the major companies operating in agricultural waste to energy market are Ameresco, American Renewables, LLC, BioCatalytics, Fulcrum BioEnergy, Inc., Claren Power, Clenergen Corporation, Elemental Energy, SINOPEC, Wilmar International, BioCaldo, Bioenergy Technology Inc., Evo Energy, and Enel Green Power.
The global agricultural waste to energy market covers different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is projected to appear as a predominant region over the projected period due to the increasing emphasis on renewable energy generation sources. Additionally, resilient legal structures for sustainable energy deployment across different nations, including UK, Russia, Germany, and France, will further complement the regional outlook. Asia Pacific is anticipated to witness significant growth owing to the high rate of farming production in countries like India and China. Besides, other countries in the region have numerous applications of agricultural waste in the industrial and commercial sectors. North America is assumed to grow at a substantial rate over the estimated period owed to increasing adoption of a substitute and renewable source of energy. Latin America and Middle East Africa regions are expected to witness positive growth due to rapidly increasing energy demand along with continuous inclination towards different methods to suffice the demand.
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