Biogas Market to Reach USD 191.19 Billion by 2032; Robust Investments in Renewable Energy to Bolster Market Development

The global biogas market size is anticipated to witness strong growth by reaching USD 191.19 billion by 2032. Fortune Business Insights™ in its report “Biogas Market Size, Share & Industry Analysis, By Feedstock (Organic Residue & Wastes {Biowaste, Municipal & Sewage, Agricultural Waste, and Others}, and Energy Crops), By Application (Electricity Generation, Heating, Combined Heat and Power, and Others), and Regional Forecast, 2025-2032” observes that the global biogas market size was USD 133.61 billion in 2024. The market is expected to grow from USD 140.89 billion in 2025 to USD 191.19 billion by 2032 at a CAGR of 4.46% during the forecast period.

AS EG Ehitus Commissioned Upgrading Plants to Boost Market Position

AS EG Ehitus Commissioned the upgradation of its gas upgrading plant in November 2020. The upgradation of the third plant alongside with CNG compressor shall be put into service at existing plants. This development may enable AS EG Ehitus to boost its market position globally.

COVID-19 Impact

Declining Bioenergy Projects to Foster Industry Development

This market is expected to be negatively affected during the COVID-19 pandemic because of declining bioenergy projects. The sudden spike in COVID infections leads to stringent emission norms, thereby restricting manufacturing and industrial activities. The shutdown of facilities resulted in the decline of bioenergy projects. Furthermore, the shortage of components, workforce and raw materials impede the market’s progress. However, the adoption of reduced capacities, automated production machinery, and part-time shifts may enable manufacturers to balance costs. This factor may propel the market during the pandemic.

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Strong Demand for Upgraded Gasses to Fuel Industry Growth

Rising population and increasing vehicle demand lead to the shortage of fossil fuels. Rising waste generation leads to the adoption of effective solutions such as converting waste into fuels. Further, rapid urbanization facilitates the product demand from manufacturers. Also, the rising investments into waste management and disposal are expected to boost natural gas adoption. Moreover, increasing pollution leads to the adoption of eco-friendly gasses. In addition, the rising demand for upgraded gasses may bolster the biogas market growth.

However, strong monetary investment for gas installation and the emergence of the electric vehicle may hinder the market’s progress.

Manufacturers Combine Production Facilities to Reinforce Market Position

Prominent companies operating in the market combine production facilities to enhance productivity and reinforce the market position. For example, Ductor constructed three biofertilizer facilities in Northern Poland in April 2020. It will be set up in Zachodniopomorskie, and two new plants that possess an installed capacity of 0.5MW and the third facility shall have over 1MW installation capacity. This development shall allow the company to boost its market position. Furthermore, adopting research and development, mergers, acquisitions, partnerships, and automated production techniques may enable companies to boost their annual revenues and attract consumers.

Industry Developments

• March 2021: FortisBC Energy and Metro Vancouver collaborated to achieve British Columbia's action goals (BC). The company launched its new facility at a wastewater treatment plant (WWTP) in the region.

List of Key Players Profiled in the Biogas Market Report

• Future Biogas Limited (U.K.)
• Air Liquide (France)
• PlanET Biogas Global GmbH (Germany)
• WELTEC BIOPOWER GmbH (Germany)
• Scandinavian Biogas Fuels International AB (Sweden)
• EnviTec Biogas AG (Germany)
• Ameresco (U.S.)
• Quantum Green (India)
• AB HOLDING SPA (Italy)
• RENERGON International AG (Switzerland)
• StormFisher (Canada)

Further Report Findings

• The market in Europe stood at USD 71.61 billion in 2024 and is expected to gain a huge portion of the global biogas market share in the upcoming years. The opening of several production facilities is expected to boost market development.
• Furthermore, the rising production of gas is expected to foster industry growth. For example, as per the information provided by the Europe Biogas Association (EBA), gas production touched 200 TWh in 2021.
• Based on application, the electricity generation segment is expected to dominate the market share because of the rising penetration of electronic goods. These factors may propel the market growth during the forecast period.

Table of Segmentation: