Biogas Market by Source (Agricultural, Industrial, Municipal), Feedstock (Organic Residue & Wastes, Sewage Sludge, Energy Crops), Application (Vehicle Fuel, Electricity Generation, Heat, Upgraded Biogas, Cooking Gas), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Biogas Market Valuation – 2024-2031

The anaerobic digestion technological developments are driving the biogas market upwards by increasing production and efficiency, positioning biogas as a more appealing and feasible substitute for traditional fossil fuels. According to the analyst from Market Research, the biogas market is estimated to reach a valuation of USD 49 Billion by 2031 over the forecast subjugating around USD 28.92 Billion valued in 2024.

The rapid expansion of the biogas market is primarily driven by rising global demand for renewable energy sources, as well as government policies and incentives aimed at lowering greenhouse gas emissions and supporting sustainable waste management practices. It enables the market to grow at a CAGR of 6.81% from 2024 to 2031.

Biogas MarketDefinition/ Overview

Biogas is a renewable energy source produced through the anaerobic digestion of organic materials such as agricultural waste, manure, municipal trash, plant material, sewage, and food waste. This process involves microorganisms breaking down these chemicals in the absence of oxygen, resulting in a combination of methane and CO2.

Furthermore, biogas has a wide range of applications, including generating electricity and heat for residential, industrial, and commercial use; refining it into biofuels for transportation, reducing reliance on fossil fuels, and serving as a valuable raw material in the chemical industry for the production of various products. In addition, improved biogas, known as biomethane, can be injected into natural gas pipes, allowing it to be distributed and used in regular natural gas systems.

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What Factors are Propelling the Growth of the Biogas Market?

Biogas plants are a sustainable way to manage a variety of waste streams, including sewage, agricultural runoff, and food scraps. These organic wastes would otherwise wind up in landfills, decomposing anaerobically (without oxygen) and emitting methane, a strong greenhouse gas. The captured methane, the primary component of biogas, can subsequently be used to generate clean and renewable energy. By diverting garbage from landfills and producing biogas, these plants help to create a more sustainable waste management cycle, lowering environmental impact and creating a valuable resource.

As the globe deals with climate change and the need to lessen its dependency on fossil fuels, biogas emerges as a promising renewable energy source. Biogas, which is made from organic matter such as manure, food waste, and sewage sludge, is a versatile fuel that can be used to generate electricity, heat, or fuel for transportation. This enables it to contribute to a more diverse and sustainable energy mix, reducing reliance on nonrenewable resources and lowering greenhouse gas emissions. Biogas production is consistent with global climate goals and country policies that support renewable energy development.

Plus, making biogas can really help the economy in a bunch of ways. For farmers, biogas digesters are like a superpower! They help deal with all that manure, and they can create electricity to power the farm or even sell back to the grid – talk about a new way to make money! This gives farms more control over their own energy needs and less reliance on the usual power grid. Waste management places can also get in on the action, turning trash into valuable energy and opening up fresh revenue streams. And let's not forget the jobs! The biogas industry creates work for folks building the plants, keeping them running, and fixing them when needed. This is especially great for smaller towns and rural areas, where these facilities tend to be located.

What are the Potential Impacts of Biogas Adoption in the Market?

Building biogas digester facilities needs a considerable upfront expenditure, which is a big barrier for individual farms or small-scale companies. The cost of building a biogas digester varies based on the size and kind of digester, the feedstock materials utilized, and the biogas’ intended purpose (electricity, heat, or transportation fuel). In general, larger digesters that handle more organic waste are more expensive. For small-scale farmers and enterprises contemplating biogas technology, the initial investment is a considerable barrier to entry, limiting market demand.

Biogas facilities require a constant supply of organic matter, commonly known as feedstock, to work properly. The logistics of gathering and delivering sufficient feedstock to the digester are complex and costly, particularly in areas with geographically dispersed organic waste sources. For example, transporting manure from a large number of small farms scattered across a vast area to a central digester plant may be costly. The expense of transporting quickly overcomes the value of the biogas generated from manure. Similarly, collecting food scraps from homes or restaurants in a dispersed suburban or rural area is logistically difficult and costly.

Category-Wise Acumens

What are the Drivers that Contribute to the Demand for Agricultural Residue?

According to analysis, the agricultural segment is estimated to dominate the market in the source segment during the forecast period. Every year, agricultural activities generate massive amounts of leftovers, such as straws, stalks, leaves, maize cobs, and bagasse (the fibrous material left after sugarcane is crushed). These residues are usually left in fields after harvest when they degrade and emit methane, a potent greenhouse gas.  Farmers can capture and use these residues in biogas digesters to transform methane emissions into a clean and renewable energy source.

Also, agricultural residues are spatially concentrated around farms, reducing the requirement for costly feedstock transportation when compared to dispersed municipal or industrial waste. This makes them an easily accessible and cost-effective fuel for biogas generation.

Think of it this wayagricultural leftovers are easier to work with for biogas than, say, your kitchen scraps or animal manure. Food scraps, for instance, often have things like plastic or glass mixed in that don't break down, so you've got to take those out first. Manure, on the other hand, can be really watery, and you need to dry it out to get the biogas working right. But agricultural stuff? It's mostly already organic and ready to go. This means less work upfront, no need for fancy pre-processing machines, and generally, it's just cheaper to use leftover crops for making biogas.

What are the Potential Factors for the Growth of Electricity Generation in the Market?

The electricity generation segment is estimated to dominate the biogas market during the forecast period. Biogas electricity generation is a well-established technology that uses existing infrastructure.  Combined heat and power (CHP) engines, which can generate electricity and heat from biogas, are commercially accessible and have been shown to be efficient.  In comparison to other uses that require new infrastructure development, integrating biogas into the existing electricity system is easier and less expensive.

Concerns about climate change and the need to minimize reliance on fossil fuels are driving a surge in demand for renewable energy sources. Biogas, a clean and sustainable fuel, provides a potential alternative to existing electricity generation methods.  Government regulations and incentives supporting renewable energy contribute to the rise of biogas-based electricity generation.

Furthermore, biogas power plants can be sized to suit a wide range of electricity requirements, from small farms to huge industrial enterprises. Also, biogas can be a reliable source of baseload power, which means it can create electricity regularly, as opposed to intermittent solar and wind power.  Biogas is significant for grid stability because of its capacity to generate steady electricity, and it can assist in incorporating more renewable energy sources into the total energy mix.

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Country/Region-wise Acumens

What are the Key Factors that Contribute to Europe’s Edge in the Market?

According to Analyst, Europe is estimated to dominate the biogas market during the forecast period. European governments have put in place comprehensive policies to encourage the development of alternative energy, including biogas. Generous subsidies, feed-in tariffs (fixed prices for biogas put into the grid), and tax incentives encourage biogas production and infrastructure development. This supporting policy environment creates a stable and appealing market for biogas investors and producers, resulting in market expansion throughout Europe.

Europe’s waste management infrastructure is well-developed, with efficient collecting systems for organic waste streams such as agricultural manure, food scraps, and sewage sludge. This easily available fuel is critical to biogas production, making Europe an ideal location for large-scale biogas plants. Also, established waste management legislation requires the diversion of organic waste from landfills, pushing the usage of biogas as a sustainable waste management alternative.

Furthermore, the current geopolitical context has highlighted the necessity of energy security for European countries. Biogas, which is produced domestically from organic waste, provides a way to reduce dependency on imported fossil fuels. This emphasis on energy independence encourages continued growth of the biogas business, supporting innovation and technological breakthroughs in the region.

How Do Government Initiatives Shape the Market Landscape in the Asia Pacific?

The Asia Pacific region is estimated to exhibit the highest growth within the biogas market during the forecast period. Governments in the Asia-Pacific region are implementing measures to boost biogas production. These include subsidies for the development of biogas plants, feed-in tariffs for biogas injection into the grid, and tax benefits for biogas producers.  These incentives promote investment and development in the biogas sector, hastening market expansion.

Furthermore, the region’s rapid economic expansion has led to an increase in energy demand. Biogas is a clean and sustainable alternative to fossil fuels that supports government programs promoting energy diversification and environmental sustainability. Furthermore, the enormous agricultural sector in the Asia Pacific provides a conveniently available source of feedstock for biogas generation, making it a cost-effective and long-term alternative for fulfilling the region’s expanding energy demands.

Competitive Landscape

The biogas market’s competitive landscape is characterized by a varied range of companies, including technology developers, plant operators, and service providers, all striving for market share in an increasingly dynamic and growing industry.

Some of the prominent players operating in the biogas market include

  • EnviTec Biogas AG
  • PlanET Biogas Global GmbH
  • Scandinavian Biogas Fuels International AB
  • WELTEC BIOPOWER GmbH
  • Air Liquide
  • DMT Environmental Technology
  • Xergi A/S
  • Agrinz Technologies GmbH
  • Bio-En Power, Inc.
  • BTS Biogas Srl

Latest Developments

  • In June 2020, Gasum, a Nordic energy business, announced plans to establish an LNG and LBG filling station near Arlanda Airport in Stockholm. The station is Gasum’s first in the Stockholm region.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

Growth Rate

CAGR of ~6.81% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value (USD Billion)

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Source
  • Feedstock
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

EnviTec Biogas AG, PlanET Biogas Global GmbH, Scandinavian Biogas Fuels International AB, WELTEC BIOPOWER GmbH, Air Liquide, and DMT Environmental Technology.

Customization

Report customization along with purchase available upon request

Biogas Market, By Category

Source

  • Agricultural
  • Diary
  • Poultry
  • Swine Farm
  • Agriculture Residue
  • Industrial
  • Food Scrap
  • Wastewater
  • Municipal
  • Landfill
  • Wastewater

Feedstock

  • Organic Residue
  • Sewage Sludge
  • Energy Crops
  • Others

Application

  • Vehicle Fuel
  • Electricity Generation
  • Heat
  • Upgraded Biogas
  • Cooking Gas
  • Others

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We take a close look at the market using both qualitative and quantitative analysis, breaking it down by economic factors and other things that influence it. You'll get concrete market value data (in USD Billion) for every segment and sub-segment. We'll also point out which region and segment are likely to grow the fastest and be the biggest overall. Our geographic analysis shows how much of the product/service is used in each region and what's driving the market there. We also map out the competitive landscape, ranking the major players and detailing their new launches, partnerships, expansions, and acquisitions over the last five years. You'll find extensive company profiles – overviews, insights, product comparisons, and SWOT analyses – for the key players. We cover both the current and future market outlook, highlighting recent developments, growth opportunities, drivers, challenges, and restraints in both up-and-coming and mature regions. We even give you an in-depth look using Porter's five forces analysis. Plus, we offer insight into the market through the Value Chain, paint a picture of the market dynamics, and reveal growth opportunities on the horizon. And, for extra peace of mind, you get 6-month post-sales analyst support.

Customization of the Report

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Pivotal Questions Answered in the Study

Some of the key players leading in the market include EnviTec Biogas AG, PlanET Biogas Global GmbH, Scandinavian Biogas Fuels International AB, WELTEC BIOPOWER GmbH, Air Liquide, and DMT Environmental Technology.
The rising global demand for renewable energy sources is the primary factor driving the Biogas Market.
The biogas market is estimated to grow at a CAGR of 6.81% during the forecast period..
The Biogas Market was valued at around USD 28.92 Billion in 2024.
The sample report of the Biogas Market report can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

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