Biogas Plant Market: Governments Strongly Supporting Key Methods of Waste Reduction and Clean Fuel Generation 2024

Global Biogas Plant Market: Snapshot

The global biogas plant market has so far witnessed a great deal of incentivization from governments and private players alike. Players associated with the production and distribution of biogas are feeling optimistic due to the increasing amount of financial support and relaxed regulations when it comes to trade and transportation. The global biogas plant market falls under one of the more efficient methods for waste disposal under ecofriendly categories. The global biogas plant market is also being driven by the overall increase in importance given to renewable sources of energy in the commercial and mainstream power sector. However, the market is facing problems currently, including the insufficient methods for waste segregation, which is preventing a higher yield of fuel quality from feedstock.

The global biogas plant market is expected to expand at a CAGR of 6.5% within a forecast period from 2016 to 2022 owing to the above drivers and restraints. The market was calculated at 59,687 units of biogas plants by the end of 2016, and is expected to reach 86,964 units by the end of 2022.

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APAC to Continue Dominating Global Biogas Plant Market

China, Japan, and India have consistently been the leading proponents for the installation of biogas plants in the world. Their high level of activity in this market has allowed the Asia Pacific region to be the leading region in the global biogas plant market for 2015. This trend is highly likely to continue over the coming years, thanks to the increasing investment into renewable energy sources. These regions show a much higher availability of feedstock due to being primarily agrarian countries. On the other hand, the economically developed regions of North America and Europe are showing a greater rate of expansion for biogas plant projects over the coming years. The U.S. is showing a very high inclination towards implementing biogas on a large scale, further increasing the scope of biogas plant installations in this region.

In Europe, Germany has been the key nation championing the growth of the biogas plant market for the region. Europe in general is leaning towards the use of food and beverages based feedstock for fueling their biogas plants. The regions of the Middle East and Africa, and Latin America, have shown minimal interest in the global biogas plant market so far. The scope of growth of the market in these regions is expected to increase over the coming years, but perhaps not as much as the other regions.

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F&B Processing Residue Hailed as Most Common Feedstock Type

On the basis of feedstock types, the global biogas plant market can be segmented into residential and commercial F&B waste, F&B processing residue, industrial waste, sewage sludge, energy crops, and agricultural waste. Of these, the global biogas plant market has so far seen a very high usage rate of F&B processing residue in all regions. One of the key reasons for this is the easier scope of waste segregation, as processing residue can be separated right at the production level in the F&B industry. At the end of 2015, F&B processing reside had gathered up a share of 30.40% in the global biogas plant market. Agricultural waste has been at a close second position in the global biogas plant market for similar reasons.

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