Report: Global Biogas Market to Reach $50 billion by 2026

By Ben Messenger, Waste Management World.

Due to mounting concerns over depleting fossil reserves and the environmental impact of conventional fuels, global biogas revenues are expected to grow at a steady 6.5% CAGR from nearly $24.5 Billion in 2015 to around $48.8 billion in 2026, according to a new report from Future Market Insights

During the forecast period 2016-2026, the authors stated that between 2016 and 2026, the global biogas revenues will double, with Asia-Pacific (APAC) and Latin America among key regions fuelling demand.

The APAC biogas market is predicted to grow relatively fast at 9.2% CAGR, while Latin America will account for over 50% of the global biogas revenues.

In North America, adoption of biogas plants was forecast to drop considerably, owing to rising preference for solar power in the US. By 2026-end, North America’s biogas plant was predicted to be valued over $9.6 billion.