Solid Biomass Feedstock Market by Type (Briquettes, Chips, Pellets), Source (Agriculture Waste, Animal Waste, Forest Waste), Conversion Technology, End-Use - Global Forecast 2024-2030

Solid Biomass Feedstock Market by Type (Briquettes, Chips, Pellets), Source (Agriculture Waste, Animal Waste, Forest Waste), Conversion Technology, End-Use - Global Forecast 2024-2030

The Solid Biomass Feedstock Market size was estimated at USD 27.63 billion in 2023 and expected to reach USD 29.39 billion in 2024, at a CAGR 6.51% to reach USD 42.99 billion by 2030.

Solid biomass feedstock refers to organic materials derived from plants and animals that are used as a source of energy. These feedstocks are primarily composed of wood from trees, agricultural crops, and waste materials, including sawdust, wood chips, and crop residues such as corn stalks and rice husks. The energy stored in these materials can be harnessed by burning and other thermal processes to generate heat & electricity, making it a renewable resource for sustainable energy production. Increasing awareness and concern regarding environmental issues drive the demand for greener alternatives, including biomass. Many governments have implemented incentives and support policies favoring renewable energy sources, including biomass. However, the collection, storage, and transportation of biomass can be costly and complex, which impacts market growth. Furthermore, improvements in biomass processing and energy conversion technologies enhance efficiency and attractiveness. Developing technologies to produce next-generation biofuels from solid biomass poses significant opportunities for market growth.

Regional Insights

In the American region, solid biomass feedstock primarily comes from wood residues, agricultural crops, and dedicated energy crops used for generating electricity and heat. The adoption of solid biomass is driven by policies aimed at reducing carbon emissions. Consumer behavior indicates a strong inclination towards sustainable and renewable energy sources, reflecting an increasing awareness of environmental issues. Investments in research focus on improving biomass conversion technologies and enhancing crop yields for energy production. The European Union has robust directives supporting the use of biomass as part of its renewable energy mix, notably in countries including Germany, Sweden, and France. These countries have well-established facilities for biomass energy generation. EU investments and research have focused on increasing the efficiency of biomass energy generation and reducing the environmental impact of its production. Although the Middle East predominantly relies on fossil fuels, there is growing interest in biomass as part of a broader strategy to diversify energy sources. Initiatives are relatively nascent but include using municipal waste as a feedstock for energy production. The APAC region is driven largely by government policies to reduce reliance on coal and cut pollution. The country has invested substantially in biomass research and technology, focusing on converting agricultural waste into energy. Consumers across the region are becoming increasingly supportive of renewable energy initiatives, aligning with national goals for sustainability.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Solid Biomass Feedstock Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing consumer preference for fossil fuel alternatives
• Government push for adopting solid waste feedstocks for power generation and heating
• Growing usage across industrial procedures for cost management

Market Restraints

• Inconsistent availability of solid biomass feedstocks

Market Opportunities

• Innovations in biomass processing technologies to improve efficiency and reduce costs
• Emerging usage of solid biomass feedstocks to produce renewable chemicals

Market Challenges

• Complex manufacturing and transportation requirements for solid biomass feedstocks

Market Segmentation Analysis

• Source: Increasing usage of forest waste as a source of renewable energy and maintain healthy forest ecosystems
• End-Use: Expanding utilization of solid biomass feedstock by industries for the production of bioenergy

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Solid Biomass Feedstock Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Solid Biomass Feedstock Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Collaboration for Commercial Bioethanol Production from Woody Biomass in California

Sumitomo Corporation and its subsidiary, Sumitomo Corporation of Americas, have entered into a collaborative agreement with Axens North America and Allotrope Partners to explore the commercial viability of producing bioethanol from woody biomass in California. This initiative focuses on using locally sourced forest thinning materials and agricultural residue to produce approximately 60,000 tons of bioethanol annually.

BP’s Plan to Triple Production by 2030

BP is strategically preparing to secure its supply chain by potentially acquiring stakes in biofuel feedstock producers and directly investing in agricultural ventures. This move is centered around bolstering the production of biofuels such as those derived from vegetable oils, waste cooking oils, and greases, which are increasingly vital for reducing greenhouse emissions in the truck and aviation industries. BP aims to enhance its biofuel production from the current levels to 100,000 barrels per day by 2030, reflecting an anticipated threefold increase that aligns with global demand projections.

ADB and SAEL Industries' Strategic Alliance in Rajasthan

The Asian Development Bank (ADB) has partnered with SAEL Industries Limited to advance sustainable energy solutions in Rajasthan, India, committing up to INR 7.5 billion for the construction of five biomass power plants. Located in the agricultural districts of Bikaner, Churu, Hanumangarh, Jhunjhunu, and Sikar, these plants, each with a capacity of 14.9 megawatts, significantly contribute to the nation's energy diversification.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Solid Biomass Feedstock Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Solid Biomass Feedstock Market, highlighting leading vendors and their innovative profiles. These include Abengoa, S.A., Biomass Secure Power Inc., Drax Group PLC, Enerkem, Enviva Inc., Fram Renewable Fuels, LLC, RWE AG, SAEL Energy Solutions LLP, Segezha Group, Stora Enso Oyj, Sumitomo Corporation, VALEO, Vattenfall AB, and Ørsted A/S.

Market Segmentation & Coverage

This research report categorizes the Solid Biomass Feedstock Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type

• Briquettes
• Chips
• Pellets
• Source
• Agriculture Waste
• Animal Waste
• Forest Waste
• Municipal Waste
• Conversion Technology
• Biochemical Conversion
• Chemical Conversion
• Thermal Conversion
• End-Use
• Commercial
• Industrial
• Residential

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year