The global biogas market is projected to reach USD 43,052.7 million in 2024 and is expected to more than double, reaching USD 93,679.9 million by 2034, growing at a CAGR of 8.1%. This surge is fueled by global commitments to clean energy transitions, waste management reforms, and technological innovation in anaerobic digestion and biogas upgrading systems.
The use of crop residue as feedstock for biogas production is gaining significant momentum due to its high biogas and methane yield potential. Rich in lignocellulose and often considered waste in agricultural processes, residues like maize stalks, husks, and bagasse offer an energy-efficient and sustainable solution. As studies continue to demonstrate their viability, the utilization of crop residue is expected to rise notably during the forecast period, making it a key contributor to biogas output.
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Market Trends Highlighted:
- Government Incentives & Renewable Energy Mandates:
Countries are implementing favorable policies like feed-in tariffs, subsidies, and renewable fuel standards to promote biogas adoption, especially in the transportation and power sectors. - Circular Economy and Waste Management Synergies:
The growing need to convert agricultural waste, municipal solid waste, and industrial effluents into clean energy is accelerating biogas production across emerging and developed economies. - Technological Advancements in Biogas Upgrading:
Developments in purification, compression, and storage technologies are enabling the efficient conversion of raw biogas into biomethane for grid injection or vehicular use. - Decentralized Energy Systems:
Rural and off-grid applications of biogas plants are expanding, particularly in agriculture-intensive regions, providing energy access while reducing dependence on fossil fuels.
Key Takeaways of the Report:
- Market Size:
The global biogas market will grow from USD 43.1 billion in 2024 to USD 93.7 billion in 2034, exhibiting a 2.2x value expansion. - Growth Rate:
Expected CAGR of 8.1% during the forecast period, with Y-o-Y growth of 7.8% in the initial years. - Leading Segments:
Agricultural biogas and municipal solid waste-derived biogas will lead market share due to the abundance of organic feedstock and supportive policies. - Top Drivers:
- Global decarbonization efforts
- Rising demand for sustainable energy alternatives
- Technological improvements in anaerobic digestion systems
- Implementation of net-zero emission targets by key economies
Regional Market Outlook:
- China:
China’s biogas market is expected to grow at a CAGR of 8.9%, reaching USD 7.98 billion by 2034. The expansion is supported by the country’s leadership in agricultural waste production and robust investments in waste-to-energy technologies. Biogas is also promoted to reduce coal dependency in rural regions. - United States:
With approximately 2,300 operational biogas plants, the United States is projected to reach USD 10.6 billion by 2034, growing at a CAGR of 8.1%. Key growth drivers include advanced waste segregation technologies, farm-based anaerobic digesters, and federal incentives under the Renewable Fuel Standard (RFS). - Germany:
Germany’s market is expected to hit USD 9.34 billion by 2034, supported by an 11.6% CAGR. The Renewable Energy Sources Act (EEG) and widespread adoption of biogas in energy and transportation sectors have driven significant investment. Biogas currently contributes to around 7% of Germany’s energy demand. - Brazil:
Brazil is forecasted to lead in growth rate with a remarkable CAGR of 12.2% from 2024 to 2034. The country’s biogas expansion is driven by high agricultural residue availability and government-led energy diversification plans. - India:
India’s biogas market is expanding at a CAGR of 9.3%, supported by rural energy schemes, Swachh Bharat Abhiyan (Clean India Mission), and large-scale organic waste generation from agriculture and urban centers.
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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