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 Insights

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 predicted rise in bagasse availability is driven by rising sugar demand, and sugarcane is the world's most significant source of sugar. However, sugar companies are among the most polluting in terms of solid waste, wastewater, and gaseous emissions of carbon monoxide, volatile organic compounds, and greenhouse gases during crop cultivation.

Industrial biotechnology advancements provide prospective options for the economic exploitation of agro-industrial leftovers. Sugarcane bagasse is a significant by-product of the sugarcane industry. It is composed of approximately 50% cellulose, 25% hemicellulose, and 25% lignin. Because of its abundance, it can serve as a perfect substrate for microbial activities that produce value-added products such as protein-enriched animal feed, enzymes, amino acids, organic acids, and chemicals of therapeutic interest, among other things. Because microorganisms decompose untreated bagasse relatively slowly, a pre-treatment step may be beneficial for enhanced substrate utilization.

Bagasse is made up of around 50% cellulose and 25% hemicellulose and lignin. Bagasse is composed of approximately 50% -cellulose, 30% pentosans, and 2.4% ash. Bagasse has various benefits for application in bioconversion processes involving microbial cultures due to its low ash level. In addition, when compared to other agricultural wastes, bagasse may be regarded a rich solar energy reservoir due to its high yields (approximately 80 tonnes per hectare vs 1, 2, and 20 tonnes per hectare for wheat, other grasses, and trees, respectively) and yearly regeneration capability.

US Sugarcane Bagasse Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Sugarcane Bagasse Market Report Snapshots

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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 Insights

Global Sugarcane Bagasse Market Report Snapshots

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