Waste to Energy Market to Reach $56.0 Billion, Globally, by 2032 at 4.7% CAGR: Allied Market Research
WILMINGTON, Del., Dec. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Waste to Energy Market by Technology (Thermal, Biochemical, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global waste to energy market was valued at $35.6 billion in 2022, and is projected to reach $56.0 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032.
- This is attributed to the utilization of various waste streams such as municipal solid waste, industrial residues, agricultural by-products, and biomass.
- Moreover, thermal technology plays a crucial role in addressing waste management challenges by reducing waste volume and mitigating environmental pollution.
- This is attributed to the fact that waste to energy plays a vital role in the European sustainable waste management and energy production strategy.
- This surge in municipal solid waste coupled with industrial and agricultural residues presents a significant opportunity for the waste to energy market in Asia-Pacific.