Agricultural Waste Power Market to Grow to $27.8 billion by 2033
Market Summary:
According to Research Intelo, the Agricultural Waste Power market size was valued at $12.4 billion in 2024 and is projected to reach $27.8 billion by 2033, expanding at a CAGR of 9.2% during 2024–2033.
The agricultural waste power market is emerging as a vital component of the global renewable energy transition. With increasing pressure to reduce carbon emissions, governments and industries are actively seeking sustainable energy solutions. Agricultural residues such as crop husks, straw, animal manure, and processing by-products are being harnessed to generate power, offering both environmental and economic benefits.
Challenges Facing the Market
High Initial Investment
Despite long-term benefits, the capital costs associated with setting up biomass power plants remain a barrier for small and medium-scale farmers.
Feedstock Supply Chain
The seasonal and scattered nature of agricultural residues poses logistical challenges. Efficient collection, storage, and transport systems are crucial for uninterrupted operations.
Technological Awareness
In many rural areas, lack of technical knowledge and awareness limits the adoption of waste-to-energy systems. Greater training and capacity-building programs are needed.
Future Outlook
The agricultural waste power market is expected to grow steadily as renewable energy demand surges and governments prioritize sustainability. Innovations in bioenergy conversion technologies, digital monitoring systems, and efficient supply chain models will accelerate growth. Furthermore, partnerships between farmers, technology providers, and policymakers will play a crucial role in scaling this sector.
Source: https://researchintelo.com/rep....ort/agricultural-was
