The Rising “Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market” Driven by Stringent Government Regulations on Waste Management


The Asia (Japan, South Korea, China, India, ASEAN) waste and biomass valorization market involves processes that treat various types of waste materials and produce valuable outputs such as energy, fertilizers, and other renewable materials. The waste streams include municipal solid waste, agricultural and forestry residues, energy crops, organic industrial waste, and others. The valorization processes are biological, thermal, and chemical. Biological processes include anaerobic digestion to produce biogas and aerobic composting. Thermal processes involve combustion and pyrolysis to produce heat and power. Chemical processes comprise gasification to syngas and biochemical and thermochemical conversion routes. Waste and biomass valorization helps reduce pollution from unprocessed waste while supporting the production of renewable resources.

The Global Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market is estimated to be valued at US$ 36.84 Bn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the Asia (Japan, South Korea, China, India, ASEAN) waste and biomass valorization market are Hitachi Zosen Corporation, Mitsubishi Heavy Industries Engineering, Ltd., Sumitomo Corporation, Suez Asia, China Everbright International Limited, Beijing Enterprises Water Group Limited, EnviTec Biogas AG, Green Eco-Manufacturer Co., Ltd., LG Chem (South Korea), Hanwha Solutions, GAIL (India) Limited, Thermax Limited, Ramky Enviro Engineers Limited (India), Sime Darby Berhad, PTT Public Company Limited. The key opportunities in the market include increasing waste generation owing to rapid urbanization and industrialization. Countries are supporting investments in waste treatment and energy recovery infrastructure development projects. Technological advancements in the domains of anaerobic digestion, gasification, pyrolysis, and biochemical and thermochemical conversion routes are aiding efficient valorization of mixed waste streams.

Market drivers

Stringent environmental regulations regarding waste management and increasing emphasis on the circular economy are driving the Asia (Japan, South Korea, China, India, ASEAN) waste and biomass valorization market. Countries offer incentives and subsidies for establishing waste-to-energy and other waste valorization projects. The growing importance of sustainable resource utilization and reducing dependence on fossil fuels also promotes the market’s growth. Rapid economic development and rising per capita income increase waste generation in the region, providing a constant supply of feedstock.

Challenges in Asia (Japan, South Korea, China, India, ASEAN) Waste and Biomass Valorization Market

The Asia (Japan, South Korea, China, India, ASEAN) waste and biomass valorization market faces several challenges. The waste generation and collection infrastructure is not fully developed across many parts of Asia. There is a lack of proper waste segregation at source which makes treatment and processing difficult. High capital investment requirements for setting up waste processing facilities is also a constraint. Lack of advanced technologies for conversion of complex biomass feedstock into valuable products is an issue. Regulatory frameworks for waste management are still evolving in some countries.

Current challenges in the industry

The Asia waste and biomass valorization industry faces shortage of funds for ongoing R&D to develop innovative solutions. Many areas have inadequate numbers of trained professionals to operate and manage complex waste treatment plants. Public awareness and participation for proper waste handling and segregation needs to be improved. Biomass feedstock supply chain management involving collection, transportation and storage has logistical challenges. International machinery suppliers also find it difficult to establish local presence due to factors like language barriers.

SWOT Analysis

  • Strength: Large waste generation volumes provide economies of scale. Growing policy support through targets and investor-friendly regulations.
  • Weakness: Wide regional variations in socio-economic development levels. Lack of domestictechnology capabilities and dependence on imports.
  • Opportunity: Rapid urbanization driving the need for modern waste infrastructure. Untapped potential of agricultural and forest residues as biomass sources.
  • Threats: Competition from landfilling and incineration. Rising costs of logistics due to increasing transportation fuel prices.

Geographical regions where market is concentrated

By value, the Asia waste and biomass valorization market is primarily concentrated in China, Japan and India. China accounts for over 35% of the regional market share due to the country’s enormous municipal and industrial waste streams. Japan is another major market backed by strong policy framework and technology innovations. India is projected to experience explosive market growth during the forecast period on account of rising incomes, population and investments in waste processing projects across major cities.

Fastest growing region

The Southeast Asian countries under the ASEAN economic bloc such as Indonesia, Malaysia, Thailand and Vietnam constitute the fastest growing market for waste and biomass valorization solutions in Asia. Driven by government goals to shift from waste dumping to recycling and renewable energy production, the ASEAN region is witnessing increasing adoption of advanced waste treatment technologies. Supported by young demographics, rapid economic development and ongoing urbanization, ASEAN is estimated to witness a CAGR of over 10% during the forecast period of 2023 to 2030.