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Biodigester Global Market Size, Revenue, Growth, Industry Insights, Regional Analysis and Forecast Till 2033
Biodigester Global Market
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According to The Business Research Company's, The biodigester market size has grown strongly in recent years. It will grow from $25.95 billion in 2023 to $27.30 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increase in demand for renewable energy sources, rise in awareness about waste management and sustainability, increase in adoption of organic farming practices, growth in agricultural and industrial waste generation, and rise in consumer demand for eco friendly products.
The biodigester market size is expected to see strong growth in the next few years. It will grow to $36.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing investments in green technology, growing organic waste generation, rising awareness of environmental benefits, and growing agricultural waste utilization. Major trends in the forecast period include adoption of advanced anaerobic digestion technologies, advancements in waste pretreatment processes, adoption of modular biodigester units, integration of renewable energy systems, and implementation of smart grid technologies.
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Market Drivers and Trends:
The increase in organic waste generation is expected to propel the growth of the biodigester market going forward. Organic waste is producing biodegradable materials, such as food scraps and yard waste, that decompose naturally over time. The rise in organic waste generation is driven by a growing population, increased food consumption, and higher levels of agricultural and industrial activity. Biodigester manage organic waste generation by converting organic materials into biogas and digestate, thereby reducing waste volume, recovering valuable energy, and producing nutrient-rich by-products for soil enrichment. For instance, in November 2023, according to the Department of Climate Change, Energy, the Environment, and Water, an Australia-based government agency, around 48 million tons of organic waste were generated in 2021-2022, which includes 14.4 million tons of food waste, garden organics, timber waste, and biosolids, of which approximately 8.29 million tons (58%) were recycled or recovered. Therefore, the increase in organic waste generation is driving the biodigester market.
Major companies operating in the biodigester market are focused on developing innovative products, such as biodigester systems, to enhance organic waste management, reduce environmental impact, and promote sustainability across various industries. Biodigester systems are sophisticated waste management technologies that employ natural aerobic digestion to convert food waste into water, significantly minimizing landfill waste. For instance, in June 2024, Power Knot, a US-based food waste digester machine manufacturing company, launched multiple units of the LFC biodigester aboard the Margaritaville at Sea Islander cruise ship. This innovative system processes between 10 kg (20 lb) and 6000 kg (13,200 lb) of waste daily, with nine size options available. Strategically installed in galleys and garbage rooms for optimal efficiency, the eco-friendly LFC biodigester reduces reliance on traditional disposal methods, lowers operational costs, and reinforces the ship's commitment to sustainability, ultimately contributing to the protection of ocean environments for future generations.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Suez SA, GEA Group AG, Pentair plc, Novozymes A/S, Evoqua Water Technologies LLC, EnviTec Biogas AG, Anaergia Inc., WELTEC BIOPOWER GmbH, DMT Environmental Technology, Waterleau Group NV, Entsorga S.p.A, CbS Technologies Private Limited, Clarke Energy Limited, DVO Inc., Lystek International Inc., Zero Waste Energy LLC, Sistema.bio S.A.S, SEaB Energy Limited, Siltbuster Process Solutions Ltd, Agraferm Technologies AG, BIOFerm Energy Systems GmbH, HomeBiogas Ltd, PlanET Biogas USA Inc., Biostar Renewables LLC, CH4E Limited
Biodigester Market 2024 Key Insights:
• The biodigester market size is expected to see strong growth in the next few years. It will grow to $36.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Growth In Organic Waste Generation Driving Biodigester Market Expansion
• Innovative LFC Biodigester Systems Enhance Sustainability In The Biodigester Market
• North America was the largest region in the biodigester market in 2023
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