Biogas Market growth is driven by rising renewable energy adoption, government incentives, waste management needs, and technological advancements improving production efficiency and cost-effectiveness.
According to a TechSci Research report, the global biogas market was valued at USD 70.5 billion in 2023 and is projected to reach USD 100.1 billion by 2029, growing at a CAGR of 5.84%. This growth is largely driven by increasing environmental concerns and the need for better waste management solutions. The accumulation of organic waste in landfills creates environmental risks, including greenhouse gas emissions and soil contamination. Biogas production offers a sustainable solution, converting organic waste into energy and nutrient-rich digestate that can be used as bio-fertilizer. This dual benefit of waste reduction and energy production is fueling the adoption of biogas technology, especially in regions struggling with waste management issues.
Municipalities and agricultural sectors are increasingly investing in biogas plants to manage waste sustainably while generating renewable energy. The livestock industry is also recognizing the potential of biogas plants to reduce methane emissions and control odor. Furthermore, the circular economy model, which focuses on resource recovery and waste reduction, is gaining traction globally, boosting demand for biogas solutions. As environmental regulations tighten, the demand for biogas is expected to increase, contributing to market growth.
In 2023, the municipal segment held the largest share of the biogas market. This is due to a combination of environmental, economic, and regulatory factors emphasizing sustainable waste management and renewable energy generation. Urbanization and population growth have increased municipal waste volumes, creating a need for effective waste management.
Biogas technology provides an efficient way to convert organic waste into energy, addressing both waste disposal and renewable energy needs. Governments are supporting this transition with incentives like subsidies and tax credits for renewable energy projects. Advances in biogas production technology have made it a more viable and cost-effective option for municipalities, further driving investment in this sector.
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Regionally, the Asia-Pacific market is expected to be the fastest-growing segment of the global biogas market. Increasing urbanization, government initiatives to cut greenhouse gas emissions, and the need for sustainable energy solutions are all contributing to this growth. Countries in the region are investing in biogas technology to address energy security and improve waste management.
Regulatory frameworks and incentives for renewable energy adoption are further accelerating market growth. With more large-scale biogas projects and rising demand for clean energy, the Asia-Pacific region is becoming a key player in the biogas market’s 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, 2019-2029F”, 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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