Biogas Market Revenues Projected to Reach USD 71.3 Billion by 2032, Growing at a Compound Annual Growth Rate (CAGR) of 4.9%

The biogas industry is a rapidly growing sector, generating revenue of over $20 billion annually and contributing to about 10% of the global renewable energy supply. This energy revolution is driven by companies like Air Liquide, a global leader in biogas upgrading, providing modular and scalable solutions for biogas purification to biomethane.

Scandinavian Biogas Fuels International AB (now Biokraft International AB) and TotalEnergies are prominent players in the biogas sector. The former focuses on the production of biogas and bioLNG, while the latter aims to produce 2 TWh of biogas annually by 2025 and over 20 TWh by 2030, primarily from organic waste.

Europe holds a 39% market share in the biogas industry, with over 17,000 biogas plants in operation. Germany, for instance, partnered with BALANCE Erneuerbaren Energien GmbH in 2023 to plan and construct a biogas plant. Meanwhile, China leads in biogas production, with over 10 million biogas digesters.

Biogas is not just a source of energy. It plays a crucial role in the circular economy, transforming organic waste streams into valuable energy. HomeBiogas Inc., for example, focuses on transforming organic waste into renewable energy and bio-fertilizer through its innovative biogas systems for household and community use.

Biogas is used for heating in residential and commercial settings, providing a renewable source. It also serves as a crucial energy source for cooking in developing regions, offering a sustainable alternative to wood or charcoal. In addition, biogas is used as a vehicle fuel, reducing greenhouse gas emissions by 60-80% compared to fossil fuels.

Biogas plants contribute to effective waste management by processing organic waste from agriculture, municipal solid waste, and wastewater. They divert around 50% of organic waste from landfills, reducing methane emissions, a potent greenhouse gas.

The biogas sector is projected to grow, with the Global Biogas Market projected to grow from USD 46.9 billion in 2023 to USD 71.3 billion by 2032, with a CAGR of 4.9%. This growth is driven by factors such as investment in biogas projects, which has grown by 15% annually over the past decade.

Biogas production reduces greenhouse gas emissions by approximately 1,000 million metric tons of CO2 equivalent annually. The composition of biogas includes approximately 50-70% methane and 30-50% carbon dioxide. Biogas is upgraded to biomethane, which is used as a clean and sustainable alternative to conventional fossil fuels in vehicles.

Digestate, a by-product of biogas production, is used as a natural fertilizer, reducing the need for chemical alternatives and enhancing soil health. This integration of biogas production into circular economy models makes it a sustainable and beneficial solution for energy production and waste management.

Companies like PlanET Biogas, Gasum Oy, DMT International, Schmack Biogas Service, and Agrinz Technologies GmbH offer comprehensive solutions for biogas plants, ensuring the continued growth and success of the biogas industry. The biogas sector also employs more than 1 million people worldwide, contributing to economic growth while promoting a sustainable future.

Biogas Market Revenues Projected to Reach USD 71.3 Billion by 2032, Growing at a Compound Annual Growth Rate (CAGR) of 4.9%