Global Bioenergy Market Growth 2023-2029

Global Bioenergy Market Growth 2023-2029

Bioenergy is renewable energy made available from materials derived from biological sources. Biomass is any organic material which has stored sunlight in the form of chemical energy. As a fuel it may include wood, wood waste, straw, manure, sugarcane, and many other by-products from a variety of agricultural processes.

LPI (LP Information)' newest research report, the “Bioenergy Industry Forecast” looks at past sales and reviews total world Bioenergy sales in 2022, providing a comprehensive analysis by region and market sector of projected Bioenergy sales for 2023 through 2029. With Bioenergy sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bioenergy industry.

This Insight Report provides a comprehensive analysis of the global Bioenergy landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bioenergy portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bioenergy market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bioenergy and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bioenergy.

The global Bioenergy market size is projected to grow from US$ 216200 million in 2022 to US$ 286580 million in 2029; it is expected to grow at a CAGR of 286580 from 2023 to 2029.

The growing demand for energy to keep up with the industrial spurt and the rampant urbanization has created a huge shortfall, coaxing several countries to resort to alternative energy options. The increasing pressure on the world leaders to reduce the carbon footprint and the deadly amount of greenhouse gasses is also forcing nations across the globe, especially developing countries to take up the option of bioenergy seriously. One of the key factors for the increasing demand for bioenergy is that it is derived from local feedstocks. To encourage the production of biomass feedstocks, cultivators and farmers are offered incentives by the governments. Agriculture-based economies generate huge amounts of agricultural waste. The instability in the global crude oil prices has caused a sharp decline in oil trading prices. A systemic demand-supply imbalance in the global crude oil markets, which has diminished the popularity of bioethanol, biodiesel, and other alternative renewable fuels can be attributed to the significant decline in oil price. The low crude oil prices have expanded the price gap between conventional fuels and biofuels. EMEA will be the major revenue contributor to the biomass energy market throughout the forecast period. The strong infrastructural development and economic growth will drive the growth of the bioenergy market in the region.

This report presents a comprehensive overview, market shares, and growth opportunities of Bioenergy market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Ethanol
Biodiesel
Hydrocarbon Fuels

Segmentation by application
Transportation
Off-Grid Electricity
Cooking

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Archer Daniels Midland
BP
Cargill
POET
Royal Dutch Shell
Wilmar International

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bioenergy market?

What factors are driving Bioenergy market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bioenergy market opportunities vary by end market size?

How does Bioenergy break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.