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  • The global anaerobic digestion market size was USD 12.35 billion in 2022 and is expected to reach USD 27.72 billion in 2032, and register a CAGR of 9.4% during the forecast period. Demand for Renewable Energy sources and the requirement for environment-friendly waste management are major factors driving market revenue growth. In the absence of Oxygen, anaerobic digestion breaks down organic materials such as food scraps, animal manure, and sewage sludge, resulting in biogas and nutrient-rich digestate as byproducts.

    Anaerobic digestion technology is becoming more widely used in a variety of end-use industries, including energy, food & beverage, and agriculture, as a result of rising demand for renewable energy sources. The technique makes it possible to create biogas, which may be used to generate power or as a fuel for vehicles, lowering reliance on fossil fuels and reducing greenhouse gas emissions. In addition, using digestate as a fertilizer enhances soil health, decreasing demand for artificial fertilizers and lowering the impact of agriculture on the environment.

    Another significant factor driving revenue growth of the anaerobic digestion market is the requirement to manage garbage in an environmentally responsible manner. As a result of the process, less methane and harmful greenhouse gas is released into the atmosphere and sustainable energy is produced. The need for anaerobic digestion technology is being driven by governments and organizations' rising emphasis on reaching zero waste goals and lowering carbon footprints.

    Read full report: https://www.reportsanddata.com/report-detail/anaerobic-digestion-market

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