Biogas Market growth driven by renewable energy adoption, government incentives, waste management needs, and advancements in production efficiency and cost-effectiveness.
According to a report by TechSci Research, the global biogas market was valued at USD 70.5 billion in 2023 and is projected to reach USD 100.1 billion by 2030, with a CAGR of 5.84% during the forecast period. Growing environmental concerns and the increasing need for effective waste management solutions are key factors driving the biogas market’s growth. The accumulation of organic waste in landfills poses significant environmental risks, including greenhouse gas emissions and soil and water contamination. Biogas production addresses these challenges by converting organic waste into valuable energy and nutrient-rich digestate, which can be used as bio-fertilizer.
This dual benefit of waste reduction and energy production is fueling the adoption of biogas technology, particularly in regions facing waste management issues. Municipalities and agricultural sectors are increasingly investing in biogas plants for sustainable waste management and renewable energy generation. Furthermore, the livestock industry is recognizing biogas plants as a means to mitigate methane emissions and reduce odor nuisances. The circular economy model, emphasizing resource recovery and waste minimization, is gaining global traction, further boosting the biogas market.
The municipal segment held the largest market share in 2023. This segment’s growth is driven by a combination of environmental, economic, and regulatory factors, particularly the rising urbanization and population growth, which have increased municipal waste volumes. Biogas production offers a sustainable solution by converting organic waste into valuable energy, addressing both waste disposal challenges and the growing demand for renewable energy sources. Governments and municipalities are recognizing biogas’s dual benefits: reducing landfill waste and generating clean energy, aligning with global sustainability goals.
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Technological advancements in anaerobic digestion and gas purification processes have enhanced biogas production’s efficiency and cost-effectiveness, making it a more attractive option for municipalities. Regulatory incentives, such as subsidies and tax credits for renewable energy projects, further support biogas adoption. Additionally, rising awareness of environmental issues and the push for circular economy practices are driving municipal investments in biogas infrastructure. The ability to produce biogas from various organic materials, including food waste and agricultural residues, makes it a versatile and sustainable solution for municipal energy needs.
Regionally, the Asia-Pacific market is expected to be the fastest-growing segment. This growth is driven by increasing urbanization, government initiatives to reduce greenhouse gas emissions, and the demand for sustainable energy solutions. Countries in the region are investing heavily in biogas technology to address energy security concerns and improve waste management. With supportive regulatory frameworks and incentives for renewable energy, the Asia-Pacific region is seeing rapid growth in biogas projects. This trend positions the region as a key driver of market expansion.
Major companies operating in the Global Biogas Market are:
Agrinz Technologies GmbH
L’AIR LIQUIDE S.A.
DMT International
Gasum Group
HomeBiogas Ltd.
PlanET Biogastechnik GmbH
Biokraft International AB
Kanadevia Inova Group
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“The Global Biogas Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The Biogas Market, particularly in the Electricity segment, presents substantial opportunities driven by increasing global emphasis on renewable energy and sustainability. Advancements in technology are enhancing biogas production efficiency and expanding its application range. Government incentives and supportive policies for renewable energy sources further bolster market growth.
Additionally, the rising need for waste management solutions and the growing demand for cleaner energy alternatives create a robust market environment. As industries and municipalities seek greener energy options, biogas can play a critical role in meeting energy demands while reducing carbon footprints, thus offering promising growth prospects. Therefore, the Market of Biogas is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Biogas Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Source (Municipal, Agricultural, Industrial), By Application (Vehicle Fuel, Electricity, Heat, Upgraded Biogas, Cooking Gas), By Region, By Competition, 2020-2030F”, has evaluated the future growth potential of Global Biogas Market and provides statistics & information on the Market size, structure, and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Biogas Market.
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