Asia Pacific Biorefinery Market Size - By Type (First Generation, Second Generation, Third Generation), By Technology (Industrial Biotechnology, Physio Chemical), By Product (Energy Driven and Material Driven) & Forecast, 2024 - 2032

Asia Pacific Biorefinery Market Size - By Type (First Generation, Second Generation, Third Generation), By Technology (Industrial Biotechnology, Physio Chemical), By Product (Energy Driven and Material Driven) & Forecast, 2024 - 2032

Asia Pacific Biorefinery Market size will witness 7.7% CAGR from 2024-2032, majorly propelled by the surging government support across various countries for implementing policies, regulations, and incentives.

Collaborations between governments, research institutions, and private companies are fostering innovations and investments in biorefinery technologies. For example, in May 2023, Japanese paper manufacturer Daio Paper partnered with domestic biorefinery venture GEI (Green Earth Institute). This was initiated for a trial biorefinery to begin commercial production of second-generation bioethanol as well as biodegradable plastic feedstock along with sustainable aviation fuel (SAF) by the April 2032-March 2033 fiscal year. The growing influx of funding for biorefinery projects, driven by public and private sectors to assist in the development and scaling of advanced biorefinery technologies will drive the market growth.

The APAC biorefinery industry is segmented into type, technology, product, and country.

By type, the industry value from the third generation segment will accrue robust growth between 2024 and 2032 due to their ability to utilize non-food feedstocks and offer significant sustainability benefits. Third-generation biorefineries integrate multiple technologies, such as biological, thermos chemical, and chemical processes to maximize resource utilization and product output. Hence, with technological advances, third-generation biorefineries will play a prominent role in the future of sustainable bioenergy and bioproducts.

In terms of technology, the Asia Pacific biorefinery market from the thermo chemical segment will record significant expansion from 2024 to 2032. The growth can be attributed to the growing preference for thermo chemical biorefineries due to their efficiency in biomass conversion, production of high-value products, energy generation capabilities, and sustainability benefits. These biorefineries also utilize a variety of feedstocks, including agricultural residues, forestry by-products, and municipal solid waste, making them versatile and adaptable to different resource availability.

Australia biorefinery industry size may witness substantial CAGR through 2032, led by the growing emphasis on utilizing renewable biological resources to produce fuels, chemicals, and materials. The Australian government is implementing various policies to support the development of the biorefinery sector, including funding programs, tax incentives, and subsidies for renewable energy. The expanding production of biochemicals and bioplastics, driven by the strong consumer demand for sustainable products and the need to reduce plastic waste will drive the regional market growth.