Growing agriculture sector to outline Europe anaerobic digestion market trends
Anaerobic digestion is regarded as a natural process under which organic materials are broken down into digestates and biogas with the help of microorganisms. Some of the benefits of this process include the ability to protect animal and human health by reducing pathogens and allowing the microorganisms to digest the feedback inside a reactor in the absence of oxygen.
The evident increase in the carbon emission levels has encouraged the governments to adopt biogas. The production of biogas, comprising carbon dioxide, methane, and other gases an integral function of an anaerobic digestion plant. It has been projected that Europe anaerobic digestion market size may reach USD 75 billion in annual value by 2026.
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Strict government regulations regarding the need to reduce carbon emissions levels
The European authorities are strictly working towards the adoption of stringent policies that aim at ensuring sustainability. According to the European Environment Agency, the region aims at reducing carbon emission levels by 40% by 2030.
The growing shift across the region towards the use of renewable sources of energy has driven the developments in biomethanisation segment of the European market. According to the European Green Deal established in the year 2019 by the European Commission, Europe aims at becoming the first climate-neutral continent by 2050.
The voluntary shift towards increasing the adoption of sustainable alternatives across various sectors along with the development of waste to energy framework will positively influence Europe anaerobic digestion industry outlook.
Need for municipal solid waste management
There has been a growing concern regarding the management of municipal solid waste in order to establish a robust economy. The need for sustainable waste management solutions has supported the need for anaerobic digestion due to its benefit to the environment, energy, and economy. This process helps in the reduction of GHG, which helps in generating renewable natural gas and produces soil amendments and fertilizers.
Owing to its advantages when compared to other treatment systems and waste-to-energy technologies, anaerobic digestion has grabbed the attention. Cost-effectiveness and low-maintenance are also some of the important factors propelling the adoption of this technology across the commercial sector.
Extensive production of energy crops across Europe
Europe anaerobic digestion industry has witnessed considerable growth from energy crops due to its high convenience efficiency and yield maximization. Energy crops comprise maize and manure, which is used across decentralized agricultural anaerobic digestion plants. Moreover, the low cost of investment, high energy density, and fast biogas production are some of the main factors supporting the use of energy crops as a feedstock in anaerobic digestion plants.
Robust agriculture sector
Intensive and large agricultural production across Europe has magnified the regional anaerobic digestion market over the years. As per reports, in the year 2018, the European agricultural industry created a gross value added of USD 219.9 billion, contributing 1.1% to the region’s GDP. Europe has encouraged companies to produce biogas from organic waste. As per reports, biomass accounts for two-thirds of renewable energy across Europe, and bioenergy will play an important role in achieving the ambitious targets that are approved by the renewable energy directive.
Moreover, there has been the introduction of favorable government schemes and policies such as Premium Tariff Schemes and feed-in tariff. One of the major factors behind the growth of anaerobic digestion industry across Europe is the constant efforts by the market players to improve the offerings in order to meet the changing environmental needs.
Prominent anaerobic digestion companies in Europe include Agrinz Technologies, PlanEt Biogas Global GmbH, EnviTec Biogas AG, WELTEC BIOPOWER, and Gasum, to name a few. Driven by the need to reduce the carbon emission levels across Europe, the regional authorities have established varied reforms that support the growth of anaerobic digestion plants across the region.