ASIA (JAPAN, SOUTH KOREA, CHINA, INDIA, ASEAN) WASTE AND BIOMASS VALORIZATION MARKET ANALYSIS

Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market, By Waste Type (Municipal Solid Waste (MSW), Industrial Waste, Agricultural Waste, Food Waste, Sewage Sludge, Biomass Feedstocks), By Technology Type (Incineration, Anaerobic Digestion, Composting, Pyrolysis, Gasification, Fermentation, Chemical Conversion, Mechanical Biological Treatment (MBT)), By End Use Application (Waste-to-Energy (electricity, heat), Biofuels (bioethanol, biodiesel, biogasoline), Biochemicals (organic acids, enzymes, bioplastics), Fertilizers and Soil Amendments, Animal Feed, Construction Materials), By Scale of Operation (Small-scale Valorization Plants, Medium-scale Valorization Plants, Large-scale Valorization Plants), By Market (Waste Management Companies, Energy Companies, Technology Providers, Research Institutes and Academia, Government Agencies and Regulatory Bodies), By Market Channel (Direct Sales to End Users (e.g., power utilities, chemical companies), Contracts and Agreements with Municipalities and Waste Generators, Partnerships and Joint Ventures with Other Industry Players, Technology Licensing and Transfer)

Published In : Dec 2023
Code : CMI5965
Pages :140
Formats :
Excel and PDF
Industry : Energy

Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization MarketSize and Trends

The Asia (Japan, South Korea, China, India, ASEAN) waste and biomass valorization market size was valued at US$ 21.78 Bn in 2023 and is expected to reach US$ 36.84 Bn by 2030, grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030

Figure 1. Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market Share (%), by Region, 2023

Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market Trends:

Growing Focus on Sustainable Waste Management: There is a rising emphasis on sustainable waste management practices in Asia. Governments, industries, and communities are increasingly recognizing the need to minimize waste generation, maximize resource recovery, and reduce environmental impact. Waste and biomass valorization technologies play a crucial role in achieving these sustainability goals.
Shift towards Renewable Energy Sources: The market is witnessing a shift towards renewable energy sources in the form of waste-to-energy projects. Waste and biomass valorization technologies, such as incineration and anaerobic digestion, are being utilized to convert waste materials into electricity, heat, and biogas. This trend aligns with the broader goal of reducing reliance on fossil fuels and promoting a cleaner energy mix.
Advancements in Technology and Process Efficiency: Continuous advancements in waste and biomass valorization technologies are driving improved process efficiency and effectiveness. Innovations in sorting systems, thermal conversion processes, and biotechnological approaches are enhancing the overall performance of waste valorization systems, enabling higher yields and better resource recovery.
Circular Economy Integration: The integration of waste and biomass valorization into the circular economy framework is gaining traction. By converting waste into valuable resources and minimizing waste disposal, valorization technologies contribute to the circular flow of materials, fostering a more sustainable and resource-efficient economy.