Solid biomass feedstock market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031). The growth of the solid biomass feedstock market is attributed to the increasing demand for electricity, heat, biofuels, and biomethane globally. According to the International Energy Agency (IEA), in February 2024, over the next five years biofuel demand is set to expand by 38 billion liters, a nearly 30.0% increase from the last five-year period. Total biofuel demand rises 23.0% to 200 billion liters by 2028.
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Based on the source, the global solid biomass feedstock market is sub-segmented into agriculture waste, forest waste, animal waste, and municipal waste. Among these agriculture waste sub-segment is expected to hold the largest share of the market. The primary factors supporting the segment’s growth include the growing demand for agricultural waste owing to its availability in abundance and cost-effectiveness. According to the National Center for Biotechnology Information, in October 2022, currently, bioethanol was produced from various agricultural wastes and crop residues such as sugarcane bagasse, sweet sorghum bagasse, rice straw, barley straw, wheat straw, sorghum straw, corn stover, cassava peels, sugar beet, wood, and other. These materials are nonedible, cost-effective, and readily available at a reasonably low cost. The share of bioethanol in biofuel production has reached about 65.0% owing to improved production methods, the use of locally and readily available feedstocks, and the continuous demand for bioethanol for various applications.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Solid Biomass Feedstock Market Report Segment
By Source
- Agriculture Waste
- Forest Waste
- Animal Waste
- Municipal Waste
By Type
- Chips
- Pellets
- Briquettes
By Application
- Electricity
- Heat
- Biofuels
- Biomethane
By End-Users
- Residential & Commercial
- Industrial
- Utilities
Global Solid Biomass Feedstock Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global solid biomass feedstock market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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