Waste-derived Biogas Market

Global Waste-derived Biogas Market Size (2024-2029):

The Global Waste-derived Biogas Market was worth US$ 66.06 billion in 2023 and is anticipated to reach a valuation of US$ 108.25 billion by 2029 from US$ 71.73 billion in 2024 and is predicted to register a CAGR of 8.58% during 2024-2029.

MARKET SCENARIO

Biogas is a mixture of gases produced when organic matter breaks down without oxygen. A few examples of the raw materials that can be utilized to create biogas are manure, garbage, plant materials, sewage, municipal trash, green waste, and food waste. It is a renewable energy source with, on average, a lower carbon footprint. Biogas can be easily produced through anaerobic digestion, which uses anaerobic microbes to break down all organic components inside of a closed system.

Biogas, a renewable energy source that is primarily made from waste materials, is thought to be a significant replacement for traditional fossil fuels. Anaerobic digestion is the main source of its production. A waste feedstock is frequently employed in the manufacture of biogas on a commercial scale. Additionally, throughout the anticipated period, a rise in the usage of industrial, sewage, and agricultural waste as raw materials is anticipated to positively affect market growth. Additionally, rising consumer awareness of the financial and environmental advantages offered by the product, along with rising utilization of home and municipal waste residues for biogas production, are anticipated to fuel market growth for waste-derived biogas.

The COVID-19 outbreak is projected to have a minimal effect on the global waste-derived biogas plant industry due to disruptions in the global supply chain and a slight decrease in investment for new biogas projects.

MARKET GROWTH

Increased environmental consciousness and growing supply concerns related to the use of fossil fuels are predicted to be the main drivers of the expansion of the global market for waste-derived biogas.

MARKET DRIVERS

The global waste-derived biogas market is anticipated to expand rapidly over the forecast period as a result of rising environmental awareness and concerns about supply and price instability related to the usage of fossil fuels.

The rising population and depleting fossil fuel supplies are predicted to increase the demand for renewable energy sources over the projection period, creating new opportunities for industry growth. Rising infrastructure investments and rising energy consumption from the commercial and industrial sectors are projected to be the main drivers of demand over the projection period. Demand for waste-derived biogas is anticipated to increase over the projected period as a result of tightening government pollution restrictions, increased environmental awareness, growing worries about excessive fossil fuel consumption, and growing corporate initiatives against CSR activities.

MARKET RESTRAINTS

In the upcoming years, it is anticipated that high initial manufacturing setup costs will limit market expansion.

The COVID-19 outbreak is projected to have a minimal effect on the global waste-derived biogas plant industry due to disruptions in the global supply chain and a slight decrease in investment for new biogas projects. Contrarily, it is anticipated that during the forecast period for the waste-derived biogas market, the surge in demand for renewable energy resources due to the depletion of fossil fuel resources and the exponential rise in population will offer lucrative opportunities for the industry's development.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Waste-derived Biogas Market Analysis By Source

Depending on the source, the crop residues segment is anticipated to account for 55,4% of the global market for waste-derived biogas. This is because crop residue can be utilized to create biogas, which is mostly made up of methane (CH4) and carbon dioxide (CO2). In many regions of the world, biogas can also be utilized for inexpensive cooking and heating. Additionally, it can produce mechanical or electrical power.

Global Waste-derived Biogas Market Analysis By Application

The industrial sector is anticipated to provide 52.8% in terms of application. The expansion of the waste-derived biogas industry is predicted to be boosted by low cost and maintenance combined with an increase in energy costs.

REGIONAL ANALYSIS

Due to increasingly strict pollution regulations, more knowledge of the benefits of switching to clean fuel, and rising demand from end-use sectors, Europe is predicted to hold the greatest market share. The waste-generated biogas industry is anticipated to experience rapid expansion over the forecast period because the region has been extremely responsive in adopting sophisticated technologies like wastewater digestion technology and solid waste digestion technology. Due to the presence of more than 13,500 biogas plants with an installed capacity of more than 7,400 MW, France, Germany, the United Kingdom, and Italy are anticipated to be the major markets for waste-derived biogas. These facilities are committed to generating premium biogas, which is needed by numerous sectors. Additionally, it is anticipated that over the next seven years, the market will increase in the region due to the rising need for renewable energy sources used in manufacturing facilities.

Due to the presence of more than 2,000 active large biogas production facilities and expanding end-use sectors including automotive, manufacturing, and construction, North America is anticipated to hold the second biggest market share for waste-derived biogas over the projection period. The US currently holds the largest market share in the region, and over the next seven years, this trend is anticipated to continue, largely as a result of the existence of a sizable number of businesses engaged in the production of biogas, including digester designers, municipalities, farmers, multinational engine manufacturers, waste management companies, natural gas providers, nonprofit organizations, engineering firms, and universities.

Due to expanding investments in building up production facilities, rising knowledge of the generation of biogas from various forms of waste, and increasing R&D efforts, Asia-Pacific is predicted to have the quickest development. The primary driver of the market expansion in the region is expected to be government laws aimed at reducing pollution. Due to their rapid industrial development, significant investments in new projects, supportive government policies, and growing consumer awareness, India, China, and Japan are anticipated to be important markets in the Asia Pacific region.

Due to rising foreign investment and rising environmental awareness, the Middle East and Africa are predicted to experience significant growth. The region's growing energy needs and the depletion of fossil fuel supplies have increased the demand for renewable energy sources, which is anticipated to positively affect market growth over the next seven years.

KEY PLAYERS IN THE GLOBAL WASTE-DERIVED BIOGAS MARKET

Companies playing a prominent role in the global waste-derived biogas market include AAT ABWASSER- UND ABFALLTECHNIK GMBH, BEKON GmbH, BIOGEN (UK) Ltd., Cargill, Inc., Environmental Products & Technologies Corporation, Evoqua Water Technologies LLC, N-bio GmbH, Siemens, Weltec Biopower GmbH, Zorg Biogas and Others.

RECENT HAPPENINGS IN THE GLOBAL WASTE-DERIVED BIOGAS MARKET

• In a noteworthy endeavor, Mumbai's D Ward has turned on the city's first biogas plant to produce power, which is made from the wet waste collected daily from the area's 30 or so restaurants. It lessens the burden placed on overflowing landfills, lowers transportation expenses (annual budgets for moving garbage can reach $300 crore and are notoriously corrupt), and produces clean energy. Up to six electric vehicles might potentially be charged daily, although currently only two are being charged.
• Recently, representatives from the civic body and the Punjab Energy Development Authority (PEDA) visited the biogas plant in Haibowel, India, to learn how to operate it at maximum efficiency to stop dairy waste from entering the Buddha Nullah, a seasonal water stream that flows through the Malwa region of Punjab.

DETAILED SEGMENTATION OF THE GLOBAL WASTE-DERIVED BIOGAS MARKET INCLUDED IN THIS REPORT

This research report on the global waste-derived biogas market has been segmented and sub-segmented based on source, application and region.

By Source

• Live Stock Manure
• Sewage
• Food Waste
• Crop Residue

By Application

• Residential
• Commercial
• Industrial

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa