USD 128.5 billion
Report ID:
SQMIG55F2066 |
Region:
Global |
Published Date: January, 2025
Pages:
190
|Tables:
93
|Figures:
71
Global Bioenergy Market size was valued at USD 128.5 billion in 2023 and is poised to grow from USD 139.17 billion in 2024 to USD 263.37 billion by 2032, growing at a CAGR of 8.3% during the forecast period (2025-2032).
The growing demand for renewable alternatives to fossil fuels and the increased global focus on sustainable energy sources have been driving major trends in the bioenergy industry in recent years. The move to biofuels as a greener and cleaner alternative to petrol for vehicles is one such development. Most typically biofuels are produced using hardwoods. Just like biodiesel, ethanol is obtaining acceptance worldwide in places such as America and Europe. America is currently using around 69% of ethanol from some sources which has resulted in increased concerns for alternative fuels and sources-from which biodiesel such as soybeans, corn, and sugarcane are produced. Regulation pushing the development of advanced biofuels and renewable fuels has turned to a positive perspective.
Another developing trend in bioenergy, which has been increasingly receiving interest in the global bioenergy market is biomass power generation. Biomass is defined as the organic resources used to generate electricity through combustion, gasification, or anaerobic digestion, including wood, agricultural waste, and municipal solid waste. Such a resource is becoming increasingly popular with countries trying to diversify energy portfolios and reduce their dependence on fossil fuels. In addition, through production of energy from organic waste streams, biomass power plants will help solve waste management problems and offer renewable energy-based solutions to environmental and energy concerns.
Market snapshot - 2025-2032
Global Market Size
USD 128.5 billion
Largest Segment
Liquid Biofuel
Fastest Growth
Solid Biomass
Growth Rate
8.3% CAGR
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Global Bioenergy Market is segmented by Product Type, Feedstock, Technology, Application and region. Based on Product Type, the market is segmented into Solid Biomass, Liquid Biofuel, Biogas and Others. Based on Feedstock, the market is segmented into Agricultural Waste, Wood Waste, Solid Waste and Others. Based on Technology, the market is segmented into Gasification, Fast Pyrolysis, Fermentation and Other Technologies. Based on Application, the market is segmented into Power Generation, Heat Generation, Transportation and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per categorization by product type, the market is classified as solid biomass, liquid biofuel, biogas, and others. Among these, liquid biofuel earned the largest share and continues to hold the dominant global bioenergy market share. Liquid biofuels, such as ethanol and biodiesel, are driving innovation in the global bioenergy market due to their sustainable, renewable nature and ability to reduce greenhouse gas emissions. With advancements in production technologies, like second and third-generation biofuels, efficiency has increased. This is due to current infrastructural designs-such as internal combustion engines-for an ideal solution to different transportation sectors that want to lessen carbon footprint and dependency on fossil fuels.
Solid biomass is poised to be the fastest-growing segment in the global bioenergy market due to its versatile applications and abundant availability. In an attempt to meet the decarbonization goals, the industries and power plants increasingly turn to alternative sources of renewable energy. Solid biomass includes woody biomass such as wood pellets or agricultural residues, which are inexpensive and sustainable at the same time. Besides, replacing coal in power generation and heat production with improved technologies enables efficiency improvement and emissions reductions, creating a growth environment for market. Again, solid biomass is viewed as one of the new players in the rural economy, where it creates employment opportunities as well as aims towards energy independence, thus stimulating its market growth.
Solid waste is gaining significant traction in the global bioenergy market due to its potential as a sustainable feedstock for energy production. Innovative advances in waste-to-energy (WTE) technologies have made advanced anaerobic digestion and gasification techniques nowadays very efficient in producing electricity, heat, and biofuels from both municipal or industrial waste. The main reason why this current bioenergy source dominates is due to its great availability, particularly in urban regions, while at the same time decreasing landfill disposal and thus increasing renewable energy production. In terms of the energy itself, governments now advocate for waste management and environmental sustainability as solid waste bioenergy solutions have a very sustainable and realistic circular economy model that is gaining adoption worldwide.
Agricultural waste is set to become the fastest-growing segment in the global bioenergy market due to its vast availability and potential for energy production. All farming leftovers such as crop stalks, husks, and manure are converted into biofuels, biogas, and bioelectricity using the amount of new innovative technology available like anaerobic digestion and pyrolysis through meeting the increased demand for sustainable energy. The expansion has mainly been fueled by the need for waste minimization, greenhouse gas emission reductions, and energy security improvements, especially in rural regions. Besides, agricultural waste is a renewable and cost-effective energy alternative; hence, it is one of the most important sources for the transition to a new, sustainable energy future.
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Europe is dominating the global bioenergy market due to strong policy support, ambitious renewable energy targets, and extensive infrastructure for bioenergy production and distribution. The European Union commits to reduce greenhouse gas emissions levels and attaining carbon neutrality by 2050, which in turn induces investments in sustainable bioenergy solutions such as biomass, biogas, and biofuels. In this regard, there are well-functioning waste management systems and agriculture practices in Europe and that provides an abundance of inputs for the feedstock necessary in bioenergy production. Government incentives like subsidization and renewable energy mandates together with technology breakthroughs consolidated Europe's leadership in the global bioenergy market outlook, thus compounding growth and spreading bioenergy throughout Europe.
North America is the fastest-growing region in the global bioenergy market, driven by increasing demand for sustainable energy solutions and supportive government policies. Encouragement in establishing new ambitious targets for renewable energy has stimulated, in both the United States and Canada, investment in bioenergy technologies such as advanced biofuels, biogas, and biomass. The region's thriving agricultural and forestry sectors provide much feedstock for bioenergy production. In addition, new advances in waste-to-energy technologies and improved agricultural practices add to such growth. North America's emphasis on energy security, low-carbon economies, and diversification to cleaner energy sources adds rapidly to the significance of this region as a emerging region in the global bioenergy market.
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Government Policies and Regulations
Technological Advancements in Biofuel Production
Environmental and Land Use Concerns
Technological Limitations in Bioenergy Production
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With intense competition across the global bioenergy market, the major players in this industry are involving themselves in innovating and pushing for bioenergy technology advancements and make it more sustainable solutions. Siemens AG, Neste Corporation, Enel Green Power, and Drax Group are a few major players operating in the bioenergy production, renewable energy solutions, and biomass power sectors. They make about including advanced biofuels and biogas technologies within their contingent systems waste-to-energy in enhancing their market shares in global sustainability and government mandates on reducing carbon emissions.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global bioenergy industry is experiencing rapid growth due to increased demand for sustainable energy solutions and innovations in biofuel production technologies. Government policies and improvements in technology are crucial to the future of this market with regard to the adoption of cleaner energy alternatives, including biofuels, biomass, and converted waste-to-energy applications.
Regional powerhouses, Europe and North America in particular boost bioenergy more. However, some challenges remain such as land-use-related issues and technology limitations, which may prove to become impediments. Development and investment still continue; thus, it is anticipated for bioenergy to feature strongly in the transition into a sustainable energy future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 128.5 billion |
Market size value in 2032 | USD 263.37 billion |
Growth Rate | 8.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Bioenergy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bioenergy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bioenergy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bioenergy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Global Bioenergy Market size was valued at USD 127.71 Billion in 2023 poised to grow from USD 137.29 Billion in 2024 to USD 244.85 Billion by 2032, growing at a CAGR of 7.5% in the forecast period (2025-2032).
With intense competition across the global bioenergy market, the major players in this industry are involving themselves in innovating and pushing for bioenergy technology advancements and make it more sustainable solutions. Siemens AG, Neste Corporation, Enel Green Power, and Drax Group are a few major players operating in the bioenergy production, renewable energy solutions, and biomass power sectors. They make about including advanced biofuels and biogas technologies within their contingent systems waste-to-energy in enhancing their market shares in global sustainability and government mandates on reducing carbon emissions. 'Siemens AG (Germany)', 'Neste Corporation (Finland)', 'Drax Group (United Kingdom)', 'Enel Green Power (Italy)', 'ADM (Archer Daniels Midland Company) (United States)', 'Valero Energy Corporation (United States)', 'Pacific Ethanol (United States)', 'Renewable Energy Group (United States)', 'BioEnergy DevCo (United States)', 'Zhengzhou Zhongding Bioenergy Co., Ltd. (China)', 'Vivergo Fuels (United Kingdom)', 'POET LLC (United States)', 'Abengoa (Spain)', 'Royal Dutch Shell (Netherlands/United Kingdom)', 'Sugarcane Bioenergy (Brazil)'
Policies and regulations are fundamental driving factors of the global bioenergy market; nations across the globe are developing ambitious renewable energy targets and establishing laws for subsidies, tax incentives, and mandates for bioenergy consumption. Such supportive policies fuel investments in bioenergy technologies and speed up transition to cleaner energy sources, all things being equal.
Rising Investment in Advanced Biofuels: Advanced biofuels, especially second and third generation biofuels, are rapidly gathering investments in the global bioenergy market. While non-food crops and waste materials are the sources of these biofuels, their sustainable nature, greater energy yields, and less environmental impact sound to life the proliferation of the market.
Europe is dominating the global bioenergy market due to strong policy support, ambitious renewable energy targets, and extensive infrastructure for bioenergy production and distribution. The European Union commits to reduce greenhouse gas emissions levels and attaining carbon neutrality by 2050, which in turn induces investments in sustainable bioenergy solutions such as biomass, biogas, and biofuels. In this regard, there are well-functioning waste management systems and agriculture practices in Europe and that provides an abundance of inputs for the feedstock necessary in bioenergy production. Government incentives like subsidization and renewable energy mandates together with technology breakthroughs consolidated Europe's leadership in the global bioenergy market outlook, thus compounding growth and spreading bioenergy throughout Europe.
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