Biogas Market to Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast 2024 to 2034

The global biogas market is poised for robust expansion, projected to grow from USD 43.1 billion in 2024 to USD 93.7 billion by 2034, reflecting a CAGR of 8.1%. This impressive growth underscores increasing investments in renewable energy, growing focus on sustainable waste management, and the rising adoption of biogas across multiple sectors including agriculture, transportation, and utilities.

The use of crop residue as a feedstock for biogas production is rapidly gaining momentum due to its high biogas yield potential and abundance. Rich in lignocellulose, materials like maize stalks, husks, and bagasse—often considered agricultural waste—are proving to be efficient sources of bioenergy. As studies highlight their superior methane output, the adoption of crop residue is expected to rise significantly, offering a sustainable and energy-efficient solution for biogas generation.

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Market Trends Highlighted

·         Transition to Circular Economy: Biogas production, especially from organic waste, is increasingly recognized as a cornerstone of circular economy models that aim to reduce landfill use and harness energy from waste streams.

·         Government Incentives and Net-Zero Goals: Policies such as the EU’s Renewable Energy Directive, the USA’s Renewable Fuel Standard (RFS), and Germany’s Renewable Energy Sources Act (EEG) are accelerating biogas adoption through subsidies and regulatory support.

·         Technological Advancements: Innovations in anaerobic digestion, feedstock preprocessing, and gas upgrading technologies are enhancing efficiency, making biogas production more economically viable and scalable.

·         Decarbonization of the Transportation Sector: Biogas, particularly in compressed (bio-CNG) and liquefied (bio-LNG) forms, is being rapidly integrated into public transportation and logistics fleets to curb emissions and meet climate goals.

·         Waste-to-Energy Momentum: Urban centers are increasingly turning to biogas as a means to manage growing volumes of municipal solid waste (MSW) while simultaneously producing clean energy.

Key Takeaways of the Report

·         The biogas market is expected to witness 2.2x growth between 2024 and 2034.

·         Y-o-Y growth is forecast at 7.8%, highlighting sustained market momentum.

·         Agricultural waste and municipal solid waste are becoming primary feedstocks due to increasing waste generation and the need for sustainable energy alternatives.

·         Advanced waste segregation and anaerobic digestion systems are boosting plant efficiency and output.

·         Governmental frameworks globally are playing a vital role in accelerating plant setups and energy off-take agreements.

Regional Market Outlook

·         China: Projected to grow at a CAGR of 8.9%, with biogas sales expected to reach USD 7.98 billion by 2034. Growth is driven by large-scale agricultural waste generation and government support for transitioning away from coal.

·         United States: Expected to reach USD 10.6 billion by 2034, growing at a CAGR of 8.1%. The presence of over 2,300 operational biogas plants and favorable policies like RFS are key market enablers.

 

·         Germany: Estimated to hit USD 9.34 billion by 2034, supported by the EEG Act and a strong base of 20,000+ biogas plants. Biogas contributes to nearly 7% of Germany’s total energy mix.

·         Brazil: Forecast to be the fastest-growing market with a CAGR of 12.2%, driven by renewable energy targets and rising investments in clean fuel alternatives.

·         India: With a CAGR of 9.3%, India is leveraging its abundant biomass resources and government schemes to promote decentralized biogas generation, especially in rural areas.

Key Manufacturers in the Biogas Market

·         BP p.l.c.

·         Shell

·         Engie

·         Veolia

·         TotalEnergies

·         Scandinavian Biogas

·         Green Elephant

·         LMS Energy

·         Future Biogas Ltd.

·         Bharat Biogas Energy Limited (BBEL)

·         Morrow Renewables

·         Eni S.p.A.

·         GRTgaz

·         Asia Biogas (Thailand) Co. Ltd.

·         GENeco

·         VNG AG

·         PlanET Biogas Group

·         Biocore Environmental Limited

·         Bio Capital

·         GAIL Gas Limited

Key Segments of Market Report

By Feedstock Type:

Feedstock type is segmented into crops, food waste, wastewater sludge/industrial waste, and livestock waste.

By Application:

Power generation, co-generation, heat in building, upgraded to biome thane, and others (vehicle fuel, generation of co2, cooking gas) are the applications.

By Region:

The industry is spread across North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and the Middle East and Africa.

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