GVR Report cover Bio-LNG Market Size, Share & Trends Report

Bio-LNG Market Size, Share & Trends Analysis Report By Application (Transportation Fuel, Power Generation, Others), By Source Type (Organic Household Waste, Organic Industrial Waste, Municipal Waste), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68040-073-2
  • Number of Pages: 120
  • Format: Electronic (PDF)

Report Overview

The global bio-LNG market size was valued at USD 0.625 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 46.4% from 2023 to 2030. As more organic waste streams become available, such as agricultural and forestry residues and food waste, there is an increasing supply of feedstock for bio-LNG production. This has helped to drive down the cost of production and increase the viability of bio-LNG as a fuel source. The U.S. emerged as the largest market in North America in 2022. The U.S. government has implemented several programs to encourage the production and use of renewable fuels, including bio-LNG. For example, the Renewable Fuel Standard (RFS) requires a certain quantity of renewable fuels to be blended into transportation fuels each year. Similarly, several states have implemented their own renewable fuel standards or incentives, further driving demand for bio-LNG.

U.S. bio-LNG market size and growth rate, 2023 - 2030

The increasing market for bio-LNG is also being driven by the transportation sector. As more companies look to reduce their carbon emissions, bio-LNG is becoming an attractive alternative to diesel and gasoline. It can be used in a variety of transportation applications, including heavy-duty trucks, buses, and even ships. In fact, several major shipping companies have already started using bio-LNG as fuel for their vessels, further driving the demand for bio-LNG.

Application Insights

In terms of revenue, the transportation fuel segment led the bio-LNG market in 2022, accounting for a revenue share of 54.95%. The demand for bio-LNG has been growing in transportation fuel and power generation segments, owing to low pollution caused by the fuel. Bio-LNG is a low-carbon fuel that emits significantly less greenhouse gases (GHGs) than diesel or gasoline. It can reduce GHG emissions by up to 90% compared to diesel, which makes it an attractive option for companies and governments seeking to reduce their carbon footprint.

While bio-LNG may be more expensive than diesel in some cases, the cost differential is narrowing as production scales up and technology improves. As a result, bio-LNG is becoming increasingly cost-competitive with traditional fuels, particularly in regions where there are incentives or regulations in place to promote the use of low-carbon fuels. Bio-LNG can be transported using existing natural gas pipelines and infrastructure, which makes it relatively easy to distribute and use. Some companies are investing in dedicated bio-LNG production and distribution infrastructure to further promote its usage. 

Source Type Insights

In terms of revenue, the organic household waste segment led the market for bio-LNG in 2022, accounting for a share of 40.23%. The growth of this segment can be attributed to incentives and tax rebates offered by governments of different countries to promote the adoption of renewable energy and the conversion of organic waste to energy.

Global bio-LNG market share and size, 2022

The utilization of organic household waste to produce bio-LNG offers several advantages. It helps divert waste from landfills, reducing its environmental impact and emissions associated with its disposal. By converting this waste into renewable energy, bio-LNG production contributes to the circular economy and supports sustainable waste management practices. The versatility of organic industrial waste as a feedstock in the market for bio-LNG is remarkable. It encompasses various organic materials such as food waste, agricultural residues, and organic byproducts from manufacturing processes.

Municipal waste serves as a driving factor for the market growth of bio-LNG, due to several key factors. Firstly, stricter environmental regulations and targets for reducing greenhouse gas emissions have incentivized the use of sustainable waste management practices. Municipal waste, when converted into bio-LNG, offers a lower carbon footprint compared to traditional fossil fuels, making it an attractive feedstock. Secondly, financial incentives and subsidies promote the development of bio-LNG production facilities, as they offer an environment-friendly solution to waste management challenges.

Regional Insights

Europe accounted for the largest revenue share of 59.50% in 2022.  Countries such as Germany, the UK, Spain, and France are expected to witness high growth rates in the industry, owing to the rising product demand from the transportation and power generation application sectors, boosting the market growth during the forecast period.

North America occupied a significant revenue share in 2022, with the U.S. being a major contributor to the regional market growth. The surge in the usage of alternative fuels for energy generation to reduce greenhouse gas emissions is expected to drive the growth of the North American market for bio-LNG in the coming years.

Bio-LNG Market Trends by Region, 2023 - 2030

Asia Pacific is expected to witness a significant CAGR over the forecast period, owing to the presence of large emerging countries such as China and India. Bio-LNG has reduced the reliance of regional economies on other countries for energy generation, as bio-LNG can be produced domestically. This is expected to boost the market in similar regions without significant oil and gas reserves.

Key Companies & Market Share Insights

The market is highly competitive and moderately consolidated due to the presence of a few large players. The dominant trend in the market for bio-LNG includes collaborations, mergers & acquisitions, and geographical expansions, which facilitates competition in the market. Some of the prominent players in the global bio-LNG market include:

  • Linde plc

  • Nordsol

  • Flogas Britain Ltd.

  • MEGA a.s.


  • TotalEnergies

  • Titan LNG

  • DBG Group B.V.

  • BoxLNG Pvt. Ltd.

  • Shell Plc

Bio-LNG Market Report Scope

Report Attribute


Market size revenue in 2023

USD 1.37 billion

Revenue forecast in 2030

USD 19.78 billion

Growth rate

CAGR of 46.4% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD billion, volume in tons, and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, source type, region

Region scope

North America; Europe; Asia Pacific; CSA; MEA

Country scope

U.S.; Canada; Mexico; Germany; UK; Spain; Italy; France; Netherlands;China; India; Japan; South Korea; Australia; Brazil; Argentina;Saudi Arabia; UAE

Key companies profiled

Linde plc; Nordsol; Flogas Britain Ltd.; MEGA a.s.; AXEGAZ T&T; TotalEnergies; Titan LNG; DBG Group B.V.; BoxLNG Pvt. Ltd.; Shell Plc

Customization scope

Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope.

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Global Bio-LNG Market Report Segmentation

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global bio-LNG market report based on application, source type, and region:

Global Bio-LNG Market Report Segmentation

  • Application Outlook (Revenue, USD Billion; Volume, Tons, 2018 - 2030)

    • Transportation Fuel

      • Heavy-duty vehicles

      • Shipping

    • Power Generation

    • Others

  • Source Type Outlook (Revenue, USD Billion; Volume, Tons, 2018 - 2030)

    • Organic household waste

    • Organic industrial waste

    • Municipal waste

  • Regional Outlook (Revenue, USD Billion; Volume, Tons, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • Spain

      • Italy

      • France

      • Netherlands

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • South Korea

    • Central and South America

      • Brazil

      • Argentina

    • Middle East and Africa

      • UAE

      • Saudi Arabia

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