The biogas market size was valued at approximately USD 43,052.7 million in 2024 and is forecast to nearly double by 2034, reaching around USD 93,679.9 million. This represents a robust compound annual growth rate (CAGR) of 8.1% over the assessment period. Such an expansion highlights the increasing importance of biogas as a key player in the renewable energy sector.

As the world shifts towards sustainable and renewable energy sources, biogas is steadily emerging as a powerful solution to meet growing energy demands while reducing environmental impact. The biogas market is poised for remarkable growth over the next decade, fueled by advancements in technology, increasing adoption of eco-friendly energy practices, and government initiatives promoting renewable energy.

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Biogas is a renewable energy source produced through the anaerobic digestion of organic matter such as agricultural residues, crop waste, manure, municipal solid waste, and sewage sludge. This process breaks down organic material in the absence of oxygen, producing a gas rich in methane (CH4) and carbon dioxide (CO2).

Methane is a valuable fuel that can be used for heating, electricity generation, and as a vehicle fuel, making biogas an attractive alternative to fossil fuels. Moreover, biogas production contributes to waste management and lowers greenhouse gas emissions, aligning well with global sustainability goals.

Rapid Growth Driven by Renewable Energy Transition

As countries worldwide intensify efforts to transition from fossil fuels to renewable energy sources, biogas emerges as a promising, sustainable alternative. The growing emphasis on reducing carbon footprints, meeting climate change mitigation targets, and achieving energy independence has catapulted biogas into the spotlight. Governments are increasingly adopting favorable policies, subsidies, and incentives to boost biogas production infrastructure, which is propelling the market at a rapid pace.

Crop Residue Feedstock: The Cornerstone of Biogas Production

One of the most unique and rapidly expanding aspects of the biogas market is the reliance on crop residue as a primary feedstock. Crop residues, including stalks, husks, and other agricultural by-products, are abundantly available worldwide and provide a highly efficient substrate for biogas generation. Scientific studies reveal that crop residues, particularly maize stalks, yield significant volumes of biogas and methane—the main energy-rich component of biogas.

For instance, maize stalks have demonstrated an exceptional cumulative biogas yield of 65 liters per 2.5 liters of fermented material, with methane content reaching up to 39 liters. This high yield underscores the potential of crop residues to serve as a cost-effective, sustainable, and energy-dense feedstock option.

Emerging Trends in the Biogas Market

• Integration with Circular Economy Practices: The biogas industry is increasingly aligning with circular economy principles. Organic waste that would otherwise contribute to landfill emissions is redirected into energy production, closing the resource loop. This approach enhances sustainability and provides economic incentives for farmers, waste management companies, and industries to invest in biogas facilities.
• Diversification of Feedstock Sources: While crop residue remains the dominant feedstock, there is a growing trend toward integrating multiple organic wastes such as food waste, animal manure, and municipal sludge. Co-digestion of these materials enhances biogas yield, stabilizes the digestion process, and optimizes feedstock utilization.
• Expansion in Developing Economies: Emerging economies in Asia, Africa, and Latin America are adopting biogas technology rapidly to address energy access challenges and waste disposal problems. Small-scale biogas digesters in rural areas provide clean cooking fuel and electricity, improving living standards and reducing health hazards associated with traditional biomass burning.
• Adoption in Transportation Fuel: Biomethane derived from biogas is gaining traction as a renewable alternative to compressed natural gas (CNG) in transportation. The push for cleaner mobility options and stringent emission norms worldwide is driving investment in biomethane fueling infrastructure.

Competition Outlook

Key players in the industry include BP p.l.c., Shell, Engie, Veolia, and TotalEnergies. The biogas market is slightly consolidated with key plays in the market having about 25% to 30% share prioritizing technological advancements, integrating sustainable practices, and expanding their footprints across the globe.

Industry Updates

• In June 2023, Sistema.bio opened the world’s largest contemporary biodigester production plant in Pune.
• In October 2024, Lantmännen, a Swedish agricultural cooperative announces the establishment of Lantmännen Biogas.

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.

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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