Waste-derived Biogas Market Size, Share, Competitive Landscape and Trend Analysis Report, by Source and Application : Global Opportunity Analysis and Industry Forecast, 2021–2030

Waste-derived Biogas Market Outlook - 2030

The global waste-derived biogas market size was valued at $52.9 billion in 2020, and is projected to reach $126.2 billion by 2030, growing at a CAGR of 8.5% from 2021 to 2030. Biogas is a renewable, environmentally friendly fuel created by converting various forms of organic waste into gas. It finds its major application in road vehicle fuel and industrial applications such as municipal electricity production and on-site electricity production. Organic nutrients collected throughout the production process add to the circular economy impact of the biogas production.

The growth of the global waste-derived biogas market is expected to be driven by rise in environmental awareness and increase in supply concerns connected with the usage of fossil fuels. Moreover, rapid infrastructure development and rise in energy demand from the commercial & industrial sectors act as the key driving forces of the global market. Furthermore, implementation of stringent pollution regulations, increase in understanding of environmental conservation, rise in concern about overuse of fossil fuels, and surge in corporate initiatives against corporate social responsibility (CSR) activities are notably contribute toward the growth of the waste-generated biogas market. However, the market growth is projected to be hampered in the coming years by expensive initial manufacturing setup costs. On the contrary, surge in demand for renewable energy resources due to depleting fossil fuel resources and exponential increase in population are predicted to provide lucrative opportunities for the industry development during the waste-derived biogas market forecast period.

The global market is segmented into type, application, and region. Depending on source, the market is segregated into livestock manure, sewage, food waste, and crop residue. The applications covered in the study include residential, commercial and industrial.  Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players studied and profiled in the report include AAT Abwasser - und Abfalltechnik GmbH, Bekon Biogas Energy Inc., Biogen Greenfinch, Cargill Inc., Clarke Energy, Environmental Products & Technology Corp., N-bio GmbH, Siemens AG, WELTEC BIOPOWER GMBH, and Zorg Biogas.  The global waste-derived biogas market report provides in-depth competitive analysis as well as profiles of these major players.

Waste-derived biogas market, by application

By application, the industrial segment is expected to contribute 52.8%. Low cost & maintenance coupled with increase in  energy prices is anticipated to boost the waste-derived biogas industry development.

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Waste-derived biogas market, by source

Depending on type, the crop residues segment is expected to contribute 55.4% share in the global waste-derived biogas market. This is attributed to the fact that crop residue can be used in the production of biogas, which is composed mainly of methane (CH4) and carbon dioxide (CO2).  In addition, biogas can be used in many parts of the world for low-cost heating and cooking. Furthermore, it is be used to generate mechanical or electrical power.

Waste-derived biogas market, by region 

Region wise, Asia-Pacific is expected to garner 40.1% of the waste-derived biogas market share. India, China, and Japan are expected to be key markets in Asia-Pacific, owing to rapid industrial development, rise in consumer awareness regarding use of biogas, and high investments for new projects. Furthermore, favorable government policies such as  nation-wide zero organic waste to landfill boost the market growth. In addition, government introduces policies to encourage early investment in processing of waste to produce energy, which contributes toward the market growth.  

Key benefits for stakeholders

• The report outlines the current waste-derived biogas market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets. 
• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, & waste-derived biogas market opportunities and their detailed impact analysis are explained in the study.
• The profiles of key players and their key strategic developments are enlisted in the report.

Impact of COVID-19 on the global waste-derived biogas market

• Some of the major economies suffering from the COVID-19 crisis include Germany, France, Italy, Spain, the UK, and Norway. Many industries have been shut down due to lack of raw material availability and disruptions in the supply chain, owing to the virus outbreak. In addition, the worldwide lockdown has suspended the municipal electricity production, on-site electricity production, and transportation fuel activities, which declined the demand for waste-derived biogas.
• Manufacturing of oil & gas and other products across the globe was halted, due to unavailability of raw materials and dearth of labors, which hampered the waste-derived biogas market growth.
• Moreover, increase in demand–supply gap, price volatility, and government policies such as increased emphasis toward the bio-based products and incorporating green initiatives are expected to affect the growth of various end-use industries. In terms of its immediate and long-term effect on industry and consumers, the COVID-19 pandemic has outpaced any headwind ever encountered.