Waste-derived Biogas Market was valued at US$ 52.9 billion in 2021, and it is estimated to reach US$ 126.2 billion by 2027, with a CAGR of 8.5% from 2022 to 2027.

Market overview:

Biogas is an eco-friendly, renewable source of energy. It is formed during a process known as anaerobic digestion. In the process, microbes break down organic matter, such as food or animal manure, without oxygen in a closed space. This method produces significantly less carbon footprint relative to other sources of energy. Biogas is used as a fuel for industrial processes and can be grown artificially or organically. Biogas can act as a substitute for traditional fuel sources. It is highly sustainable as it addresses the problem of constantly increasing sewage and industrial waste as it uses this waste to convert it into an efficient resource. Moreover, waste produced from biogas formation can be used as a fertilizer in organic farming. So, no waste is generated in the process; it is highly cost-efficient and safe for the environment. With increasing awareness among the masses, the market is expected to witness a boost during the forecasted period.

Market Drivers and Restraints:

The market for waste-derived biogas is expected to grow significantly during the forecasted period due to factors like increasing environmental awareness and growing complexities in the supply and availability of fossil fuels. Prices of fossil fuels are highly volatile, and there are issues related to their supply chain, making biogas a better alternative for users. Moreover, non-renewable resources are limited on the planet, while biogas can be quickly produced using the waste generated by households and industries. In the upcoming years, it is expected that there will be high demand for biogas from the commercial and industrial sectors. In addition, it is predicted that disruptions brought on by rising crude oil prices and declining crude oil supplies would increase demand for waste-derived biogas.

Moreover, governments are imposing restrictions on pollution created by industries that use fossil fuels such as diesel and petrol for their operations. These resources produce a high carbon footprint and are not very sustainable, while biogas, on the other hand, is relatively environmentally friendly and highly sustainable. While there are innumerable advantages, certain factors will hamper the growth of the waste-derived biogas market during the anticipated period. The cost of producing biogas is high as the initial setup of the manufacturing plant requires a significant amount of investment. Moreover, due to the COVID-19 pandemic, there were disruptions in the supply chain and transportation facilities, leading to a decline in the demand for biogas.

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The report is segmented as follows:

Waste-derived Biogas Market is segmented based on Source; the Market is segmented based on Application:

By Source (Livestock manure, Sewage, Food Waste, and Crop Residue)

By Application (Residential, Commercial, and Industrial)

Geographical Segmentation

During the forecasted period, Europe is predicted to hold the largest share of the global Waste-derived Biogas Market. The growth of the biogas market in the region can be attributed to stringent regulations on emissions and growing awareness. In Europe, a significant chunk of electricity is generated by biogas production. Moreover, several Europe countries are part of The Paris Climate Change Agreement; they need to abide by the laws. The agreement compels these countries to reduce their carbon emissions and move towards renewable energy sources.

The market share for biogas in North America is anticipated to expand significantly due to intensifying attempts to reduce carbon footprint. Additionally, the wide availability of biogas feedstock and the trending shift towards a circular economy are the two factors that will push the market growth in a positive direction.

Waste-derived Biogas production in the Asia-Pacific region constitutes almost 40% of biogas production worldwide. Several companies are investing in the region to set up biogas production plants, boosting the growth of the market in the region.

The Latin American market for Waste-derived Biogas is proliferating. Countries like Brazil and Mexico are investing heavily in installing biogas energy facilities. These developments are happening quickly, and the growth will be signed by the end of the forecasted period.

In the Middle East, there is considerable untapped potential for biogas production. Since the region is rich in fossil fuel resources, this is an unexplored market. Due to the high organic content of solid wastes in Middle Eastern nations, companies are shifting their focus, and the development of the biogas market is expected during the forecasted period.

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Impact of COVID-19 on the Market

The COVID-19 pandemic impacted the expansion of the Waste-derived Biogas Market. Due to lockdowns and supply chain disruptions caused by the pandemic, market growth was restricted during the last few years. During the forecasted period, governments will play a crucial role in deciding how quickly biogas will be deployed shortly. As things return to normal, the market is expected to bounce back and grow significantly in the upcoming years.

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