What is the Global market size of the Sugarcane Bagasse Market?

Global Sugarcane Bagasse Market size was valued at USD 901.3 million in 2021 and is poised to grow from USD 945.3 million in 2022 to USD 1211 million by 2030, growing at a CAGR of 4.5% in the forecast period (2023-2030).

Global Sugarcane Bagasse Market Size, Share, Growth Analysis, By Application(Energy, Biochemicals), By Sales Channel(Indirect Sales and Direct Sales), By End User(Commercial Use and Household) - Industry Forecast 2024-2031

Report ID: SQSG20J2001 | Region: Global | Published Date: February, 2024
Pages: 249 | Tables: 89 | Figures: 76

Global Sugarcane Bagasse Market Dynamics

Sugarcane Bagasse Market Driver

Multiple applications of sugarcane bagasse

Bagasse is burned to generate steam and power for the sugar mill. A typical raw sugarcane plant requires approximately 35 kWh and 450 kg of exhaust steam per tonne of cane. A modern raw sugar mill can currently operate with 30 kWh and 300 kg of exhaust steam per tonne of cane with continuous operation of the pans, crystallizers, and centrifuges, as well as an efficient evaporation station. This type of facility has the potential to save up to 50% of the bagasse it generates, which can then be used to generate grid power or saved as raw material for the production of paper, board, furfural, and other products.
With a high percentage of depithed bagasse as raw material, high-quality wrapping and magazine paper may be produced. Apart from the high capital intensity of paper plants and the requirement to treat polluted effluents, the common restrictions include the availability of a reasonable size internal market, adequate excess bagasse, and fair quality industrial water.

Sugarcane Bagasse Market Restraint

Storage of significant amounts of bagasse for extended periods of time for off-season electricity generation coupled with waste generation

Long-term storage of significant amounts of bagasse for off-season power generation offers issues that are distinct from those connected with small-scale storage or large-scale, wet storage for pulp and paper manufacture. The difficulties include fuel value loss, spontaneous combustion, bagasse handling, and a range of health and environmental consequences. The sugarcane sector has grown in importance on a worldwide scale, with nations such as Brazil and India leading the area. However, because the sector generates a considerable quantity of trash, such as sugarcane bagasse, this poses environmental issues.

Global Sugarcane Bagasse Market Report Snapshots

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Global Sugarcane Bagasse Market size was valued at USD million in 2019 and is poised to grow from USD 945.3 million in 2023 to USD 1211 million by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

The Global Sugarcane Bagasse Market is relatively consolidated, with a very high level of competition. Companies are working on R&D and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability. 'Cosan Limited', 'Mitr Phol Group', 'Guangxi Guitang Group Co., Ltd.', 'Shree Renuka Sugars Ltd.', 'Bunge Limited', 'Wilmar International Limited', 'Associated British Foods plc', 'Sudzucker AG', 'Tereos Group', 'Raizen Energia S.A.', 'Bio Pappel S.A.B. de C.V.', 'Lenzing AG', 'Paper Excellence Canada Holdings Corporation', 'American Sugar Refining, Inc.', 'Thai Roong Ruang Sugar Group Co., Ltd.', 'Gruppo Italiano Vini S.p.A.', 'Almoiz Industries Limited', 'Papyrus Australia Pty Ltd', 'Mitr Phol Bio-Fuel Company Limited', 'Tongaat Hulett Limited'

Bagasse is burned to generate steam and power for the sugar mill. A typical raw sugarcane plant requires approximately 35 kWh and 450 kg of exhaust steam per tonne of cane. A modern raw sugar mill can currently operate with 30 kWh and 300 kg of exhaust steam per tonne of cane with continuous operation of the pans, crystallizers, and centrifuges, as well as an efficient evaporation station. This type of facility has the potential to save up to 50% of the bagasse it generates, which can then be used to generate grid power or saved as raw material for the production of paper, board, furfural, and other products.

New and better uses in the domains of materials are among the most recent advances in the usage of sugarcane bagasse. Bagasse, for example, has been utilised as an effective soil conditioner to boost sugarcane plant production and health. It may also be used as a binder and to increase the durability and mechanical qualities of building materials. Bagasse fibres may also be prepared for use in the textile industry and as an excellent adsorbent material for removing harmful metals and colours from wastewater. More recently, It has been utilized as a raw material to manufacture carbon quantum dots which may be employed as biosensors in light-emitting diodes and even in medicine delivery.

Geographically, Brazil, India, Thailand, and China have dominated the Sugarcane Market, with this country producing the majority of the sugarcane. Because India is the major producer of sugarcane, Asia Pacific is expected to develop the quickest. Growing consumption and changing lifestyles of individuals throughout the world are predicted to be important growth factors over the research period. Sugarcane is one of the most significant commercial crops and the most lucrative crop since it is the primary raw material used in the production of sugar, ethanol, and jaggery. Sugarcane is also considered to be one of the most effective biomass sources for biofuel. Sugarcane products also contain by-products that are used to feed cattle in several countries. Sugarcane agriculture began in the Indian Subcontinent, and it was exported to other countries. However, sugarcane is now grown in the majority of warm-weather nations.

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Global Sugarcane Bagasse Market Size, Share, Growth Analysis, By Application(Energy, Biochemicals), By Sales Channel(Indirect Sales and Direct Sales), By End User(Commercial Use and Household) - Industry Forecast 2024-2031

Global Sugarcane Bagasse Market Dynamics

Global Sugarcane Bagasse Market Report Snapshots

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