Waste to Fuel Technology Market Size, Share, and Trends 2025 to 2034

Waste to Fuel Technology Market Size and Forecast 2025 to 2034

The global waste to fuel technology market size was accounted for USD 630 million in 2024 and is anticipated to reach around USD 6840 million by 2034, growing at a CAGR of 26.93% from 2025 to 2034.

Waste to Fuel Technology Market Key Takeaways

• North America dominated the global waste to fuel technology market with the largest market share of 41% in 2024.
• Asia Pacific is expected to expand at a solid CAGR during the forecast period. 
• By source, the municipal solid waste (MSW) segment contributed the highest market share of 47% in 2024.
• By depolymerisation, the pyrolysis segment is expected to grow at a notable CAGR during the forecast period.
• By fuel, the liquid fuel segment is expected to grow at the fastest CAGR during the forecast period. 

Impacts of artificial intelligence (AI) fuel technology industry? 

AI is composed to transform the biogas industry, significantly improving management, production, and optimization. This latest technology can be integrated into different aspects of biogas production, contributing to a greener and safer future. Further, it can also help resource allocation in biogas production. These systems can analyze market trends, commodity prices, and regulations to create accurate forecasts, empowering biogas producers to make informed decisions.  

U.S. Waste to Fuel Technology Market Size and Growth 2025 to 2034

The U.S. waste to fuel technology market size was evaluated at USD 180 million in 2024 and is predicted to be worth around USD 2000 million by 2034, rising at a CAGR of 27.22% from 2025 to 2034. 

North America dominated the global waste to fuel technology market with the largest market share of 41% in 2024. As the government in the Asia Pacific region has formulated a favorable policies and regulations for the development of renewable energy technologies the market in this region is expected to grow with the highest compound annual growth rate during the forecast period. Rapid industrialization and urbanization in the Asia Pacific region is driving the growth of the fuel market due to the increased use of fuel. Japan, China and India all the countries that will lead the growth of the market. India and China are highly populated nations and the population is expected to grow in the coming years. The growing population is one more reason which is creating a demand for the fuels. Increase the amount of consumption of fuel in order to meet the cooking requirements, transportation requirements and other requirements of the household the market is expected to grow during the forecast period. 

Asia Pacific is expected to expand at a solid CAGR during the forecast period. Development of favorable regulatory environmental policies by the European Union will drive the growth of the market in this region. In this region the recycling rate of the waste in the countries like Switzerland Germany and Austria will be efficient in generating fuel. Mergers and acquisition of the international players will drive the growth of this segment. Most of the nations or finding solutions in order to handle the plastic waste. There is a growing demand for clean fuel in the developing economies. Government regulations and increasing environmental awareness our responsible for controlling the carbon emissions in the environment.

Market Overview

Due to rapid urbanization and industrialization, there is a growth in the demand for electricity. The demand for energy is expected to grow across all the developed and developing economies across the globe due to an increase in disposable income and a growing demand for various electronic gadgets. Dual-income households are leading to a good amount of growth in spending power. Increased use of electronic gadgets in households as well as the workplace is expected to create a demand for electricity in the coming years. Compared to the developed nations, the consumption of energy in the developing nations is higher. Products like synthetic diesel and methanol can be produced with the use of unwanted waste. Non-hazard industrial waste is used on a large scale to produce synthetic diesel at an affordable cost. 

Many organizations are trying to produce low-emission fuels that can be used in different vehicles. These companies are working on producing these fuels with the help of household trash. The process of manufacturing low-emission fuels by treating the waste that comes out of offices and homes is expected to grow during the forecast period. This technology requires long-term research before it is available for use across the globe.

Waste to Fuel Technology Market Growth Factors

• Increased investments by the government and the availability of advanced infrastructure for waste management will drive the growth of this market. These stringent government policies are helping in the adoption of waste fuel technology. 
• As there is a growing concern among developing and developed economies regarding the reduction of greenhouse gas emissions, the demand for ways to fuel the market is expected to grow during the forecast period. 
• To meet the net zero target by the year 2050, many nations are striving hard to reach the target; there is an increase in the demand for high-quality fuel equipment around the globe due to the awareness regarding the availability of these devices and an increase in the disposable income. 
• Increasing environmental concerns and the need to reduce greenhouse gas emissions are driving the market growth. 
• Increased research and development in order to install plants for the production of fuel with the use of waste is encouraged by the governments of various nations. Subsidies and tax benefits are offered by the government, which will prove to be profitable for the growth of the market. 
• With the increase in the population and the changes in lifestyle, a large amount of plastic waste is generated across the globe. In recent years, many nations have focused on the growing concern of plastic waste. A large amount of plastic waste is generated due to the consumption of plastic across many industries. Improper discarding of plastic is another factor leading to the growth of the market.
• The innovative idea of converting waste to fuel will help satisfy the demand of the industrial sector as well as the residential sector. Many developing nations are adopting ways to fuel conversion, and they have effectively converted the processes into standard company models. The quality of the fuel is compromised due to the use of contaminated food stock to produce the fuel. European Union waste legislation aims to reduce plastic waste in the coming years.

Market Scope

Source Insights

On the basis of the source, the municipal solid waste segment is expected to grow well during the forecast period. The municipal solid waste (MSW) segment contributed the highest market share of 47% in 2024. Maximum amount of fuel generated for the use of different consumers comes from the municipal solid waste. Feedstock material is all available in large quantities. Large quantity of waste is generated from the municipal sector and the household sector in the European as well as the North American region. There's a certain amount of cost involved in obtaining the waste which will be useful in generation of fuel. The cost of acquiring the waste material will determine the amount of consumption of this waste in the fuel industry.

The collected municipal solid waste is free of other organic matter. But the manufacturing cost of the fuel increases as there is a cost involved in removing the other organic matter from this waste.

Depolymerisation Insights

The pyrolysis segment is expected to grow at a notable CAGR during the forecast period. The segment has grown well in the recent years. The use of this method is in great demand as it is a cost-effective method as compared to all the other methods available. The use of this method for generating fuel will create a greater demand as it will help in creating greater demand due to its cost-effective nature. The raw material used is in the form of waste which is a threat to the environment. Even though there are strict policies for the disposal of waste still many nations across the globe sees incorrect disposal of waste which hampers the environment. The decomposition of plastic which is a thermal decomposition occurring without the use of oxygen it's a boon for the market. This segment will provide a better penetration in the market. The segment is expected to have a larger share in the market as this technique is able to produce different types of fuels like synthetic gas and biofuel. 

The gasification segment is also expected to grow well during the forecast period. The organic waste is converted into carbon monoxide, hydrogen and carbon dioxide gas. The use of this method is able to generate hydrogen which is in great demand so the segment is expected to have a good growth.

Fuel Type Insights

Depending upon the type of fuel the liquid fuel market is expected to grow well during the forecast period. The liquid fuel segment has dominated the market in the recent years. A large quantity of fuel is generated with the help of the waste. The contamination of the waste used for production of fuel affects the quantity. With the help of pyrolysis about 100 gallons of fuel is generated with a single ton of plastic waste. The demand for the generation of fuel in this manner is expected to grow in the coming years due to the fluctuating international oil market. Political unrest amongst the various nations across the globe is creating a larger demand for this market. Many major manufacturers of oil or adapting waste to fuel technology in order to have a sustainable growth.

Waste to Fuel Technology Market Companies

• ABU DHABI NATIONAL ENERGY COMPANY PJSC (TAQA)
• C&G LTD.
• CHINA EVERBRIGHT INTERNATIONAL LIMITED
• COVANTA HOLDING CORPORATION
• SUEZ
• VEOLIA
• ENER-CORE, INC.
• PLASCO ENERGY GROUP, INC.
• WASTE MANAGEMENT, INC.
• CNIM
• JOHN WOOD GROUP PLC
• BABCOCK & WILCOX ENTERPRISES, INC. 
• BLUEFIRE RENEWABLES WHEELABRATOR TECHNOLOGIES INC.

Key Market Developments

• In September 2024, Citaglobal Bhd entered into a binding term sheet with German Waste-to-Energy technology & engineering company LAWI Engineering GmbH for exclusive discussions and collaboration to provide LAWI Germany’s technical and engineering solutions which consist of its patented combustion system, boiler engineering, and design, LAWI EtaComb, LAWI EtaPlant, and LAWI EtaLogic to waste management projects identified and targeted by Citaglobal and its affiliated entities.
• In April 2024, The U.S. Department of Energy Bioenergy Technologies Office and Vehicle Technologies Office declared up to $17.5 million in federal funding to excel in cost-effective methods for communities to sustainably tailor and recover potential clean energy sources from their waste streams.
• In March 2024, WASE, a UK-based startup that is unlocking the power of waste to make it the fuel for the future, declared it raised over €9.9 million, including €2.8 million in non-dilutive funding.

Segments covered in the report

By Source

• Municipal Solid Waste (MSW)
• Industrial
• Others

By Depolymerization

• Pyrolysis
• Gasification
• Hydrogenation
• Catalytic Degradation

By Fuel Type

• Solid
• Liquid
• Gas

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC
• North Africa
• South Africa
• Rest of the Middle East & Africa