The global biogas market size accounted for USD 43,055 million in 2024 and is expected to exceed around USD 94,688 million by 2034, growing at a CAGR of 8.2% from 2024 to 2034.
The biogas market is growing because its being directly affected by the incredible growth of crop feedstock. The crop residue yields the maximum amount of biogas which makes it a popular choice for production of biogas. Biogas production mainly uses crop feedstock or other natural sources to generate energy. The strict rules and regulations by government and other agencies about curbs on greenhouse gas emissions has led to organizations moving towards using biogas as it a sustainable option. The demand for clean energy will continue fueling this market’s growth.
The government and other agencies focus on clean energy sources by offering financial benefits for organizations using renewable sources. Such efforts have boosted adoption of adoption of biogas. The growing population and urbanization are increasing demand for electricity. To be able to accommodate such growing needs means switching to energy sources like biogas, that provide a sustainable alternative. Several countries are planning on installing biogas plants in increasing number, which will hike the biogas production. All these factors will contribute for the steady growth of the biogas market.
Published by Shubham Desale
