Biomass Briquette Fuel

Biomass Briquette Fuel

Biomass briquette fuel refers to a compacted form of organic materials that are processed into briquettes for efficient and sustainable energy production. It is a renewable energy source derived from biomass waste, such as agricultural residues, forestry residues, sawdust, and other plant-based materials. These materials are compressed under high pressure without any binding agent to form solid briquettes. The biomass briquettes serve as a potential substitute for traditional fossil fuels like coal, oil, and natural gas. They are an eco-friendly and carbon-neutral fuel option as the carbon dioxide emitted during combustion is equivalent to the amount absorbed during the growth of the biomass source. Biomass briquettes possess numerous advantageous features, contributing to their popularity as a fuel source. They have a high energy content, similar to traditional fuels, making them suitable for use in various applications like heating, cooking, and electricity generation. Their uniform size and shape Moreover, biomass briquettes aid in reducing waste management issues by utilizing agricultural and forestry residues that would otherwise be disposed of through less sustainable means like open burning or decay. By converting these waste materials into valuable fuel, biomass briquettes contribute to cleaner emissions, reduced deforestation, and a lower carbon footprint. They also make them convenient for handling, storage, and transportation.

The Biomass Briquette Market is expected to grow at a strong CAGR of around 7.25% owing to the growing climate change concerns and government targets of rapid shift from traditional fossil fuels. Furthermore, the escalating concerns surrounding climate change have compelled governments to take aggressive action to reduce carbon emissions. Fossil fuels, such as coal and oil, are major contributors to greenhouse gas emissions, leading to the exacerbation of global warming. The burning of biomass briquettes, on the other hand, has significantly lower carbon emissions, making it an attractive option for policymakers aiming to meet emission reduction targets. For instance, according to the International Energy Agency (IEA), renewable energy sources contributed to an estimated 27% of global electricity generation in 2020, with biomass playing a significant role. Moreover, biomass briquette fuels are derived from organic waste materials such as agricultural residues, wood waste, and forest residues. This renewable energy source offers a sustainable alternative to fossil fuels as it helps reduce dependence on depleting natural resources. Additionally, biomass briquettes contribute to waste management by recycling organic waste that would otherwise end up in landfills, further enhancing their appeal.

• Based on raw materials, the market is segmented into wood, agricultural residue, and municipal solid waste (MSW). Agricultural residue is predominantly used and holds a significant market share. Several factors contribute to this domination such as an abundance of agricultural residue. Agricultural activities generate significant amounts of residue, such as crop stalks, husks, straw, and bagasse. The availability of these residues in large quantities makes them a readily accessible and cost-effective raw material for biomass briquettes. Furthermore, utilizing agricultural residue for biomass briquette production often creates opportunities for rural communities. Farmers can generate additional income by selling agricultural residues, while local industries can establish briquette manufacturing facilities, leading to employment and economic growth. Moreover, using agricultural residue for briquette production helps address waste management challenges associated with these residues. Instead of burning or discarding them, converting agricultural residues into briquettes provides a sustainable waste management solution, minimizing environmental pollution. These factors collectively contribute to the domination of agricultural residue in the manufacturing of biomass briquettes and its significant market share.
• Based on application, the market is segmented into power generation, thermal energy, and others (cooking, manufacturing plants, etc.). The manufacturing plant industry predominantly utilizes this form of fuel and holds the majority of the market share. Here are several factors that contribute to this domination such as government initiatives and policies. Many governments across the globe have introduced favorable policies and incentives to promote the use of renewable energy sources, including biomass briquettes. Supportive regulations, tax incentives, and subsidies encourage manufacturing plants to choose biomass briquettes as a sustainable fuel option. For instance, in 2021, the Ministry of Power of India partnered with the National Thermal Power Corporation (NTPC) and launched a project in Samarth, supporting the use of biomass. Officials from CPCB (Central Pollution Control Board) and PPCB met on 6 October, with CPCB announcing a fund worth USD 6 million to promote the manufacturing of pellets and briquettes. The fund will be distributed across five states but is likely to benefit Punjab due to the volume of crop residue there. Furthermore, as the demand for sustainable and environmentally friendly practices increases, many manufacturing plants, steel manufacturing plants in particular prioritize their corporate social responsibility goals. By using biomass briquettes as a fuel source, these plants demonstrate their commitment to reducing their carbon footprint and contributing to a greener future.
• For a better understanding of the market adoption of white goods, the market is analyzed based on its worldwide presence in countries such as North America (The U.S., Canada, and the Rest of North America), Europe (Germany, The U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia Pacific region has rapidly emerged as one of the fastest-growing regions in the biomass briquette fuel market. The increasing awareness of the environmental impacts of conventional fuels along with the region's abundant biomass resources has led to a surge in demand for alternative and sustainable sources of energy. The Asia Pacific region is blessed with an abundance of biomass resources such as agricultural waste, forest residues, and organic industrial waste. This vast availability of biomass enables the production of biomass briquette fuel at a significantly lower cost compared to other regions. Furthermore, governments across the Asia Pacific region are increasingly implementing policies and incentives to promote the use of renewable energy sources, including biomass briquette fuel. For instance, in India, the Ministry of New and Renewable Energy offers financial incentives and tax benefits to encourage the adoption of biomass-based energy systems. Such supportive policies provide a conducive environment for the growth of the biomass briquette fuel market. Moreover, The rapid industrialization and urbanization in countries like China, India, and Indonesia have significantly contributed to the growth of the biomass briquette fuel market. The rising energy demand in various sectors, including power generation, cement production, and heat applications, has driven the adoption of biomass briquettes as a reliable and sustainable energy source. For instance, in 2020, the Chinese government announced plans to replace coal with biomass briquettes in thousands of industrial boilers, further boosting the market growth.
• Some of the major players operating in the market include Enviva; drax; PFEIFER GROUP; ENERGEX PELLET FUEL, INC.; LIGNETICS GROUP; Georgia Power; Om Greentech Industries; Wismar Pellets GmbH; Balcas; and Viridis Energy Inc.