Global Biomass Fuel (PKS) Market Growth 2025-2031

Global Biomass Fuel (PKS) Market Growth 2025-2031

The global Biomass Fuel (PKS) market size is predicted to grow from US$ 1591 million in 2025 to US$ 2728 million in 2031; it is expected to grow at a CAGR of 9.4% from 2025 to 2031.

PKS is a byproduct of the palm oil industry and can be used as a fuel for biomass power plants. It has the characteristics of high calorific value, carbon neutrality, and easy storage. In recent years, it has attracted much attention as a biomass fuel.The utilization of palm kernel shells not only reduces the cost of waste treatment, but also creates new economic value by converting it into biomass fuel, promoting the development of related industries.

With the growing global demand for renewable energy, PKS as a waste material reuse is in line with the concept of sustainable development. It not only reduces waste emissions during palm oil production and reduces environmental pollution, but also provides a new resource source for the energy sector.

PKS is abundantly available; however, this report exclusively focuses on the commercially utilized portion of PKS. The unused or discarded portions, which do not hold commercial value, are not included in the statistical analysis.

Manufacturers in the industry make Biomass Fuel (PKS) through the purchase, screening, drying and processing of palm kernel shells. Biomass Fuel (PKS) can be exported to Japan, South Korea, Europe and other places.

Leading companies like Iwatani Corporation, Global Iwatani Corporation, NISSIN BIO ENERGY, and DSNG (PT Dharma Satya Nusantara Tbk) dominate the industry, with the top three players accounting for 12.42% of global revenue in 2023. However, the market remains highly fragmented due to abundant supply in production hubs like Indonesia and Malaysia, where a significant portion of PKS is consumed locally before surplus is exported. This fragmentation is further compounded by the presence of numerous distributors and exporters who collect PKS locally and ship it to demand-driven markets such as Japan, South Korea, Europe, and the Americas.

The role of distributors and exporters is pivotal in bridging supply and demand. Companies such as Gombella Integrated Services Limited, ARGYA ENERGY, Provident Biofuels, Arkan Group, and PT UNIVERSAL PALM INDONESIA (UNIPALM) are critical in facilitating global trade. Meanwhile, large-scale downstream users, particularly in Japan and Europe, have established procurement offices in Indonesia and Malaysia to ensure stable supply chains and consistent quality.

The market is increasingly shaped by the rising importance of Certified PKS, driven by governmental policies promoting sustainable practices. In 2023, Certified PKS constituted 33.59% of the market, but its share is expected to reach 45.75% by 2030. This rapid growth reflects stringent certification requirements in key importing countries to ensure sustainability and traceability, aligning with global environmental goals.

Japan leads as the largest importer of PKS, fueled by robust policies supporting renewable energy, the need for carbon-neutral solutions, and its geographical proximity to Southeast Asia. Japanese utilities are major consumers, leveraging PKS as a sustainable and cost-effective alternative for power generation. The compatibility of PKS with Japan’s energy policies and its efficient transportation routes from Southeast Asia make it a cornerstone of the country's renewable energy strategy.

The PKS market's trajectory is bolstered by several factors, including government incentives, rising demand for biomass-based power generation, its high calorific value, and environmental advantages. As more countries aim to decarbonize their energy sectors, PKS offers a renewable, efficient, and scalable solution.

LP Information, Inc. (LPI) ' newest research report, the “Biomass Fuel (PKS) Industry Forecast” looks at past sales and reviews total world Biomass Fuel (PKS) sales in 2024, providing a comprehensive analysis by region and market sector of projected Biomass Fuel (PKS) sales for 2025 through 2031. With Biomass Fuel (PKS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biomass Fuel (PKS) industry.

This Insight Report provides a comprehensive analysis of the global Biomass Fuel (PKS) 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 Biomass Fuel (PKS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biomass Fuel (PKS) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biomass Fuel (PKS) 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 Biomass Fuel (PKS).

This report presents a comprehensive overview, market shares, and growth opportunities of Biomass Fuel (PKS) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Non-Certified PKS
Certified PKS

Segmentation by Application:
Residential
Business
Industry

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 analysing the company's coverage, product portfolio, its market penetration.
Iwatani Corporation
NISSIN BIO ENERGY
DSNG (PT Dharma Satya Nusantara Tbk)
BIO ENECO
Palmline Bioenergy

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biomass Fuel (PKS) market?

What factors are driving Biomass Fuel (PKS) market growth, globally and by region?

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

How do Biomass Fuel (PKS) market opportunities vary by end market size?

How does Biomass Fuel (PKS) break out by Type, by Application?

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