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The size of the worldwide bioenergy market was estimated at $102.9 billion in 2023 and is projected to grow at a CAGR of 9.6% from 2023 to 2030, reaching $217.10 billion. Bioenergy is energy produced utilizing biologically based renewable resources like biofuel, biogas, biomass, and other biological waste. In order to meet broader environmental, social, and sustainability goals as well as global climate change targets, bioenergy is a promising source of renewable energy. Agricultural waste, solid waste, liquid biofuels, and other materials are examples of feedstock used in the production of bioenergy. Among its many main benefits are the reduction of landfills, increased energy security and reliability, cost savings, biodegradability, and improved air quality.
In order to meet broader environmental, social, socioeconomic, and global climate change aims, bioenergy is a renewable source of energy. Numerous significant benefits come with using bioenergy, including improved air quality, less landfills, cost savings, energy security and reliability, and biodegradability. Furthermore, solid waste creation from commercial, residential, and industrial sectors has increased, making it the highest product type category. During the predicted period of 2022-2029, solid waste can be increasingly utilised in the production of bioenergy. Additionally, the development of the global bioenergy market is significantly aided by the rapid expansion of the renewable energy sector as a result of increased knowledge of and investments in the advantages of renewable energy in developing nations. Biomass can be a big help in meeting future energy demands sustainably. Although it presently supplies the most renewable energy to the global energy mix, there is still a ton of space for expansion in terms of the production of fuels for heat, electricity, and transportation. It is possible to considerably improve the use of bioenergy by exploiting the enormous amount of unwanted residues and garbage.
Bioenergy can be produced from a variety of sources. Some bioenergy sources, such the black liquor created during the production of paper, are byproducts of industrial operations that would have occurred anyway. Bioenergy, in contrast to other energy sources, is typically produced from specifically cultivated plants or trees, which necessitates a large amount of land. Therefore, it is anticipated that throughout the anticipated years, demand for bioenergy will increase due to growing awareness of sustainable energy sources. Because it may be used in a variety of settings and sectors—from solid bioenergy and biogases used for power and heat in homes and businesses to liquid biofuels used in cars, ships, and airplanes—bioenergy is favorable. Additionally, it frequently makes use of infrastructure that has already been constructed; for instance, biomethane can leverage end-user technology and previously-built natural gas pipes.
The rise in demand for energy produced utilizing bio-based fuels from transportation applications and heat & power generation is what is driving the growth of the worldwide bioenergy market. In addition, from 2021 to 2030, the market is expected to rise due to the implementation of strict government rules aimed at reducing environmental pollution from fossil fuels that produce carbon. Instead, it is projected that the quick switch from coal and other traditional energy sources to renewable energy sources and the rise in the usage of biofuels in automobiles would offer attractive development prospects for key players to maintain their position in the market in the future years. The product type, feedstock, application, and geographical segments of the global bioenergy market are shown in the figure. The market is segmented into solid biomass, liquid biofuel, biogas, and other product types. Depending on the feedstock, it is divided into many categories, including solid waste, wood waste, and agricultural waste. It is divided into categories for transportation, heat generating, power generation, and other applications. It is examined from the perspectives of North America, Europe, Asia-Pacific, and LAMEA.
When compared to traditional energy, bioenergy is highly sought after since its resources offer superior biodegradability, a smaller carbon footprint, greater energy dependability, fewer landfills, and improved air quality. Additionally, it can lessen reliance on fossil fuels and energy costs. These are the main variables that are anticipated to influence the market for bioenergy's growth rate. The widespread use of solid wastes for various reasons, including the production of heat, sustainable power, and other uses, is predicted to support the demand for solid waste and propel the expansion of the global bioenergy market throughout the course of the study period. Additionally, the use of renewable energy sources will motivate the manufacturer to grow their business. The market's growth rate will also be aided by elements like escalating industrialization, quick urbanization, and rising public awareness of the advantages of employing bioenergy.
Numerous prospects for market growth are also provided by the industry participants' increasing initiatives and investments. For instance, a number of efforts in the bioenergy sector have been initiated by the US Department of Energy and NREL (National Renewable Energy Laboratory). Additionally, the Department of Energy (DOE) has declared that funding for 33 projects totaling more than USD 97 million will support R&D operations. Over the course of the projection period, it is anticipated that government eco-friendly measures would accelerate the growth rate of the bioenergy market. Governments provide a number of incentives that reduce the cost of the materials required to produce bioenergy and are expected to boost the bioenergy sector. As a result, the market for bioenergy is presented with a vast array of prospects due to the favorable government regulations and policies linked with greener energy efforts and the reduction of carbon footprint.
Due to its high initial investment requirements, the bioenergy market's development pace has halted. In addition, there are numerous more logistical difficulties related to the bioenergy. The rapid expansion of the electric car industry and the high initial cost of installing a bioenergy plant are limiting the market's growth. This bioenergy market report details recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, and the effects of domestic and regional market players. It also analyzes opportunities in terms of new revenue pockets, regulatory changes, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic ex Contact Infinitive data Expert for an Analyst Brief to learn more about the bioenergy market. Our staff can assist you in making an informed choice to build your business.
Report Coverage
Global Bioenergy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bioenergy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bioenergy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bioenergy market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bioenergy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bioenergy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Royal Dutch Shell Plc, .ENVITECH BIOGAS AG, ORSTED A/S, ADM, HITACHI ZOSEN CORPORATION, FORTUM, BP PLC, .BABCOCK & WILCOX ENTERPRISES, INC., POET, LLC, PACIFIC BIOENERGY, Renewable Energy Group, Inc. (U.S.), Mitsubishi Heavy Industries Ltd (Japan), MVV Energie AG (Germany), A2A SpA (Italy), BTG Biomass Technology Group (Netherland), Biomass Engineering Ltd (Indiana), Enerkem (Canada), EnviTec Biogas AG (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bioenergy market based on the below-mentioned segments:
Global Bioenergy Market, By product Type
Solid Biomass
Liquid Biofuel
Biogas
Others
Global Bioenergy market, By Application
Power Generation
Heat Generation
Transportation
Others
Global Bioenergy Market, By feedstock
Agricultural Waste
Wood Waste
Solid Waste
Others
Global Bioenergy market, Regional Analysis
In order to meet broader environmental, social, socioeconomic, and global climate change aims, bioenergy is a renewable source of energy. Numerous significant benefits come with using bioenergy, including improved air quality, less landfills, cost savings, energy security and reliability, and biodegradability. Furthermore, solid waste creation from commercial, residential, and industrial sectors has increased, making it the highest product type category. During the predicted period of 2022-2029, solid waste can be increasingly utilised in the production of bioenergy. Additionally, the development of the global bioenergy market is significantly aided by the rapid expansion of the renewable energy sector as a result of increased knowledge of and investments in the advantages of renewable energy in developing nations. Biomass can be a big help in meeting future energy demands sustainably. Although it presently supplies the most renewable energy to the global energy mix, there is still a ton of space for expansion in terms of the production of fuels for heat, electricity, and transportation. It is possible to considerably improve the use of bioenergy by exploiting the enormous amount of unwanted residues and garbage.
Bioenergy can be produced from a variety of sources. Some bioenergy sources, such the black liquor created during the production of paper, are byproducts of industrial operations that would have occurred anyway. Bioenergy, in contrast to other energy sources, is typically produced from specifically cultivated plants or trees, which necessitates a large amount of land. Therefore, it is anticipated that throughout the anticipated years, demand for bioenergy will increase due to growing awareness of sustainable energy sources. Because it may be used in a variety of settings and sectors—from solid bioenergy and biogases used for power and heat in homes and businesses to liquid biofuels used in cars, ships, and airplanes—bioenergy is favorable. Additionally, it frequently makes use of infrastructure that has already been constructed; for instance, biomethane can leverage end-user technology and previously-built natural gas pipes.
The rise in demand for energy produced utilizing bio-based fuels from transportation applications and heat & power generation is what is driving the growth of the worldwide bioenergy market. In addition, from 2021 to 2030, the market is expected to rise due to the implementation of strict government rules aimed at reducing environmental pollution from fossil fuels that produce carbon. Instead, it is projected that the quick switch from coal and other traditional energy sources to renewable energy sources and the rise in the usage of biofuels in automobiles would offer attractive development prospects for key players to maintain their position in the market in the future years. The product type, feedstock, application, and geographical segments of the global bioenergy market are shown in the figure. The market is segmented into solid biomass, liquid biofuel, biogas, and other product types. Depending on the feedstock, it is divided into many categories, including solid waste, wood waste, and agricultural waste. It is divided into categories for transportation, heat generating, power generation, and other applications. It is examined from the perspectives of North America, Europe, Asia-Pacific, and LAMEA.
When compared to traditional energy, bioenergy is highly sought after since its resources offer superior biodegradability, a smaller carbon footprint, greater energy dependability, fewer landfills, and improved air quality. Additionally, it can lessen reliance on fossil fuels and energy costs. These are the main variables that are anticipated to influence the market for bioenergy's growth rate. The widespread use of solid wastes for various reasons, including the production of heat, sustainable power, and other uses, is predicted to support the demand for solid waste and propel the expansion of the global bioenergy market throughout the course of the study period. Additionally, the use of renewable energy sources will motivate the manufacturer to grow their business. The market's growth rate will also be aided by elements like escalating industrialization, quick urbanization, and rising public awareness of the advantages of employing bioenergy.
Numerous prospects for market growth are also provided by the industry participants' increasing initiatives and investments. For instance, a number of efforts in the bioenergy sector have been initiated by the US Department of Energy and NREL (National Renewable Energy Laboratory). Additionally, the Department of Energy (DOE) has declared that funding for 33 projects totaling more than USD 97 million will support R&D operations. Over the course of the projection period, it is anticipated that government eco-friendly measures would accelerate the growth rate of the bioenergy market. Governments provide a number of incentives that reduce the cost of the materials required to produce bioenergy and are expected to boost the bioenergy sector. As a result, the market for bioenergy is presented with a vast array of prospects due to the favorable government regulations and policies linked with greener energy efforts and the reduction of carbon footprint.
Due to its high initial investment requirements, the bioenergy market's development pace has halted. In addition, there are numerous more logistical difficulties related to the bioenergy. The rapid expansion of the electric car industry and the high initial cost of installing a bioenergy plant are limiting the market's growth. This bioenergy market report details recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, and the effects of domestic and regional market players. It also analyzes opportunities in terms of new revenue pockets, regulatory changes, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic ex Contact Infinitive data Expert for an Analyst Brief to learn more about the bioenergy market. Our staff can assist you in making an informed choice to build your business.
Report Coverage
Global Bioenergy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bioenergy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bioenergy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bioenergy market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Royal Dutch Shell Plc, .ENVITECH BIOGAS AG, ORSTED A/S, ADM, HITACHI ZOSEN CORPORATION, FORTUM, BP PLC, .BABCOCK & WILCOX ENTERPRISES, INC., POET, LLC, PACIFIC BIOENERGY, Renewable Energy Group, Inc. (U.S.), Mitsubishi Heavy Industries Ltd (Japan), MVV Energie AG (Germany), A2A SpA (Italy), BTG Biomass Technology Group (Netherland), Biomass Engineering Ltd (Indiana), Enerkem (Canada), EnviTec Biogas AG (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bioenergy Market from 2021 to 2030.
- Market Forecast for Bioenergy Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bioenergy competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bioenergy
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bioenergy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bioenergy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Royal Dutch Shell Plc, .ENVITECH BIOGAS AG, ORSTED A/S, ADM, HITACHI ZOSEN CORPORATION, FORTUM, BP PLC, .BABCOCK & WILCOX ENTERPRISES, INC., POET, LLC, PACIFIC BIOENERGY, Renewable Energy Group, Inc. (U.S.), Mitsubishi Heavy Industries Ltd (Japan), MVV Energie AG (Germany), A2A SpA (Italy), BTG Biomass Technology Group (Netherland), Biomass Engineering Ltd (Indiana), Enerkem (Canada), EnviTec Biogas AG (Germany)
Primary Target Market
- Market Players of Bioenergy
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bioenergy market based on the below-mentioned segments:
Global Bioenergy Market, By product Type
Solid Biomass
Liquid Biofuel
Biogas
Others
Global Bioenergy market, By Application
Power Generation
Heat Generation
Transportation
Others
Global Bioenergy Market, By feedstock
Agricultural Waste
Wood Waste
Solid Waste
Others
Global Bioenergy market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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