Biomethane Market Insights, Forecast to 2025
Global Biomethane Industry was valued at USD 1675 Million in the year 2018. Global Biomethane Industry is further estimated to grow at a CAGR of 6.9% from 2019 to reach USD 2660 Million by the year 2025. Biomethane is a naturally occurring gas produced by anaerobic digestion of organic matter like plant & animal wastes, manure, sewage sludge, and other organic matter. In the Global Biomethane Industry, by region, Europe holds the highest Industry share in 2018 and is also Industry is considered the fastest growing Industry in the forecasted period. Among major European countries, Germany, France, and Sweden have high adoption rates of Biomethane as an alternative fuel. As per the report released by European Biomass Association, the biomass currently accounts for 2/3 of renewable energy in Europe and bioenergy will play a key role in achieving the ambitious targets approved by the renewable energy directive.
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