Global Biogas Market size and share is currently valued at USD 65.15 billion in 2023 and is anticipated to generate an estimated revenue of USD 95.82 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The biogas market is witnessing robust growth as industries and governments worldwide prioritize sustainable energy solutions to combat climate change and reduce dependency on fossil fuels. Biogas, a renewable energy source produced from the anaerobic digestion of organic materials such as agricultural waste, food scraps, and sewage, is gaining traction due to its environmental benefits and versatility. It is widely used for electricity generation, heating, and as a biofuel, contributing to the global transition toward a circular economy.
Key Trends in the Biogas Market:
The biogas market is evolving with several significant trends shaping its future:
- Integration with Biomethane Production
Biogas is increasingly being upgraded to biomethane, a purified form suitable for injection into natural gas grids or use as a vehicle fuel. This trend is expanding the applications and market reach of biogas. - Adoption of Small-Scale Biogas Plants
The rise of small-scale biogas plants, particularly in rural areas, is enabling decentralized energy production and providing solutions for localized waste management. - Focus on Carbon Credits and Sustainability Goals
Biogas projects are becoming eligible for carbon credits, incentivizing companies to invest in biogas production as part of their sustainability and decarbonization strategies. - Co-Digestion of Organic Waste
The practice of co-digesting multiple organic waste streams, such as agricultural residues and food waste, is enhancing biogas yield and improving the economic feasibility of biogas plants. - Growth in Industrial Applications
Industries are increasingly adopting biogas for on-site energy generation, reducing operational costs and emissions while contributing to corporate sustainability goals. - Digitalization and Smart Monitoring
The use of IoT and AI technologies in biogas plants is improving process monitoring, efficiency, and predictive maintenance, driving the market toward smarter and more automated solutions.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/biogas-market/request-for-sample
Some of the major players operating in the global market include:
- Agrinz Technologies GmbH
- Air Liquide
- DMT International
- Gasum Oy
- HomeBiogas Inc.
- PlanET Biogas
- Scandinavian Biogas Fuels International AB
- Schmack Biogas Service
- Total
- Xebec Adsorption Inc.
Recent Developments in the Biogas Market:
- May 2022: Enertech Fuel Solutions announced plans to invest INR 600 crore in the compressed biogas (CBG) sector. The investment will be executed in multiple phases, starting with the establishment of four CBG plants in Gujarat, Uttar Pradesh, Punjab, and Haryana during the first phase. In the second phase, Enertech aims to expand with additional plants in these states and two more in Madhya Pradesh, further boosting CBG production capabilities.
- January 2022: BioConstruct entered into a power purchase agreement (PPA) with Next Kraftwerke. Under the agreement, Next Kraftwerke committed to marketing 40,000 MWh of biogas-generated electricity during the first quarter of 2022, strengthening the integration of biogas into the renewable energy grid.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Biogas Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Biogas Market, Source Outlook (Revenue – USD Billion, 2019-2032)
- Municipal
- Landfill
- Wastewater
- Industrial
- Food Scrap
- Wastewater
- Agricultural
- Dairy
- Poultry
- Swine Farm
- Agricultural Residue
Biogas Market, Application Source Outlook (Revenue – USD Billion, 2019-2032)
- Vehicle Fuel
- Electricity
- Heat
- Upgraded Biogas
- Cooking Gas
The biogas market is poised for sustained growth as the global demand for renewable and sustainable energy sources continues to rise. With its environmental benefits, versatility, and alignment with waste-to-energy initiatives, biogas is emerging as a critical component of the renewable energy mix. Advancements in technology, government support, and the drive for a circular economy will further propel the market, ensuring its pivotal role in the global transition toward a cleaner and more sustainable future.