Global Biomass Briquette Fuel Market Size Study, by Raw Material (Saw Dust, Wood, Rice Husk, Groundnut Shells, Bagasse, Others), by Application (Brick Kilns, Dyeing Plants, Oil Extraction Units, Cooking and Baking, Others), by End-Use Industry (FMCG and B

Global Biomass Briquette Fuel Market Size Study, by Raw Material (Saw Dust, Wood, Rice Husk, Groundnut Shells, Bagasse, Others), by Application (Brick Kilns, Dyeing Plants, Oil Extraction Units, Cooking and Baking, Others), by End-Use Industry (FMCG and Beverage, Pharmaceuticals, Cement Manufacturing, Power Generation, Leather, Rubber, Others) and Regional Forecasts 2022-2032

The global biomass briquette fuel market was valued at approximately USD 0.9 billion in 2023 and is projected to grow at a CAGR of around 7.1% over the forecast period of 2024 to 2032, reaching an estimated USD 1.8 billion by 2032. Biomass briquette fuel, derived from compressed organic materials such as agricultural residues, sawdust, and wood chips, serves as a sustainable and cost-effective alternative to conventional fossil fuels. The market’s expansion is primarily driven by rising environmental concerns, the growing demand for renewable energy sources, and favorable government policies.

Biomass briquettes play a pivotal role in reducing greenhouse gas emissions, aligning with global efforts to combat climate change. The carbon-neutral nature of these briquettes, coupled with their lower emission levels compared to coal and charcoal, is increasingly recognized by industries and households alike. Furthermore, the cost-effectiveness of biomass briquettes, stemming from the utilization of waste materials, enhances their appeal in cost-sensitive markets. Their higher calorific value and energy efficiency make them a viable option for various applications, including heating, cooking, and electricity generation in both residential and industrial settings. Also, supportive government policies, such as subsidies, tax incentives, and grants aimed at promoting renewable energy, further accelerate market growth. These incentives encourage investment in biomass briquette production and infrastructure, thereby creating a favorable environment for market players. Additionally, the market is poised to benefit from opportunities in rural electrification and technological advancements that enhance briquette quality and production efficiency. Despite these positive factors, the market faces challenges related to logistics and supply chain management, particularly in the collection, transportation, and storage of raw materials. Addressing these challenges is crucial for the sustained growth of the biomass briquette fuel market.

Asia-Pacific is expected to hold a significant share of the global market, driven by factors such as cost-effectiveness, environmental benefits, and energy security. The region’s abundant agricultural and forestry residues provide a rich source of raw materials for biomass briquette production, contributing to the reduction of air pollution and carbon emissions. Technological advancements and supportive government policies in Asia-Pacific further bolster market growth, making the region a key player in the global biomass briquette fuel industry. Whereas, the market in North Amercia is anticipated to grow at the fastest rate over the forecast period 2024-2032
Major market players included in this report are:
Neerpati Biofuels Private Limited
Gattuwala
Yashhraj Group of Companies
Ecostan
Energy Plus India
KKR Bio Fuels
Sree Amman Briquettes
Nirmala & Siddaganga Biofuel Industries
Vidhyut Power & Systems
Narsihma Agro Industries

The detailed segments and sub-segments of the market are explained below:
By Raw Material:
• Saw Dust
• Wood
• Rice Husk
• Groundnut Shells
• Bagasse
• Others
By Application:
• Brick Kilns
• Dyeing Plants
• Oil Extraction Units
• Cooking and Baking
• Others
By End-Use Industry:
• FMCG and Beverage
• Pharmaceuticals
• Cement Manufacturing
• Power Generation
• Leather
• Rubber
• Others
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
Latin America
• Brazil
• Mexico
• RoLA
Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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