Bioethanol Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The bioethanol market is estimated to reach around 102,170 million liters by the end of this year and is projected to register a CAGR of over 5% during the forecast period.
The bioethanol market was adversely affected by COVID-19 due to disruptions in the supply chain. However, the market rebounded in 2021. The major factors driving the market are the increasing government initiatives and the increased restrictions on marketing gasoline containing a higher percentage of ethanol in the United States.
Key HighlightsThe bioethanol market is moderately fragmented. Some major players in the market include POET LLC, Valero, ADM, Green Plains Inc., and Alto Ingredients Inc., among others (not in any particular order).
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