Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market Growth Accelerated by Developing Renewable Energy Sector
Waste and biomass valorization refer to the process of converting waste and biomass resources, such as municipal solid waste (MSW), agricultural waste and forestry residues into valuable products that include chemicals, materials and fuels through various thermochemical and biochemical processes. The rising awareness regarding sustainable waste management and increasing focus on development of renewable energy have accelerated the production of fuels and materials from waste and biomass. The global Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market is estimated to be valued at US$ 118.9 billion in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023-2033, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing utilization of biomass and municipal solid waste for energy production in developing renewable energy sector across Asia Pacific countries has been a key market trend. Cou