Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by Infinium Global Research on the agricultural waste management market provides an in-depth analysis of segments and sub-segments in the global as well as regional agricultural waste management market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional agricultural waste management market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global agricultural waste management market. According to the report, the global agricultural waste management market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
Agriculture is the backbone of many developing nations and millions of people practice agriculture as their occupation in the world. The management of agricultural waste includes the organization of all the waste generated through agricultural activities. A waste management system helps to maximize the economic benefit from the waste resource and maintain acceptable environmental standards. It is a planned system in which all necessary components are installed and managed to control and use by-products of agricultural production in a manner that sustains or enhances the quality of air, water, soil, plant, animal, and energy resources.
Increasing environmental concern due to rising pollution is the major driving factor for the agricultural waste management market. Improper disposal of agricultural waste poses a distinctly negative impact on the environment. Landfills, incineration, and the chemicals used in farming and agriculture cause pollution if they end up in the wrong places. Polluted water damages the ecosystem and can lead to the death of animals and can also damage drinking water. Furthermore, the economic benefit from the agricultural waste resource drives the agricultural waste management market. Agro-industrial wastes such as sugarcane bagasse, wheat bran, rice bran, corn cob, and wheat straw are used for manufacturing biofuels, enzymes, vitamins, antioxidants, animal feed, antibiotics, and other chemicals through solid-state fermentation (SSF). The use of agro-industrial wastes as raw materials helps to reduce production costs for energy sources and also reduces the pollution load from the environment. The energy sector is considered the most interesting application of agricultural waste management. Governments around the globe are seeking energy sources to meet future carbon targets and clamour for any innovation in the sector with the climate crisis looming and pressure mounting to make changes.
Geographically, Europe holds a significant market share in the global agricultural waste management market. The European Union made the commitment to reduce greenhouse gas emissions and biomethane production from agricultural wastes has been proposed in EU. There are more than 7000 biogas plants now in operation in Germany alone. The European countries are starting to follow this trend which is expected to drive market growth in the forecasted period. Stringent regulations on agricultural waste management are expected to drive the market in the region. North America also holds a considerable market share in the global market. Asia-Pacific is expected to grow with the highest CAGR over the forecasted period. The countries such as Germany and India have already begun biogas production at a large scale from their agricultural waste.
The report on the global agricultural waste management market covers segments such as waste type, management services, and treatment process. On the basis of waste type, the sub-markets include field waste, animal waste, and agro-industrial waste. On the basis of management services, the sub-markets include collection, transportation & storage, treatment process, and disposal. On the basis of treatment process, the sub-markets include composting, recycling, and incineration.
The report provides profiles of the companies in the market such as PYREG systems, WasteFuel Agriculture, Montauk Renewables, Inc., Harby Agriculture Ltd, Celitron, Enva, Cleanaway, and Other Companies.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the agricultural waste management market. Moreover, the study
highlights current market trends and provides forecast from 2022-2028. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
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