Solid Biomass Feedstock Market to Grow at CAGR of 6.01% through 2029F
Rising
environmental concerns and carbon neutrality goals and abundant availability of
biomass resources is expected to drive the Global Solid Biomass Feedstock
Market growth in the forecast period, 2025-2029.
According
to TechSci Research report, “Solid Biomass Feedstock Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities,
2019-2029F”, the Global Solid Biomass Feedstock Market stood at USD 27.23 Billion in
2023 and is expected to reach USD 38.27 Billion by 2029 with a CAGR of 6.01%
during the forecast period.
The
abundant availability of biomass resources globally is a crucial driver for the
growth of the solid biomass feedstock market. Biomass is sourced from a diverse
array of organic materials, such as wood, agricultural residues, forest waste,
and even organic municipal waste, making it readily accessible across different
regions. This broad range of feedstock sources ensures that biomass can be
produced in both developed and developing countries. Nations with significant
agricultural and forestry activities—such as the United States, Brazil, Russia,
and China—benefit from a steady and substantial supply of biomass that can be
utilized for energy production, positioning them as major contributors to the global
biomass energy sector. The availability of local biomass feedstock reduces the
need for long-distance transportation, which not only minimizes logistical
costs but also enhances the cost competitiveness of biomass compared to other
renewable energy sources. For instance, regions with an abundance of
agricultural residues or forest waste can leverage these materials to produce
energy on-site or nearby, avoiding the expenses associated with transporting
feedstock over long distances. This localized production capability adds to
biomass’s appeal as an economically viable energy source, especially for rural
and remote areas.
In
addition to its role in energy production, biomass feedstock contributes to
effective waste management. Waste biomass, such as crop residues, forest
thinning, and organic municipal waste, can be repurposed into renewable energy,
thereby reducing environmental hazards and waste accumulation. This aspect of
biomass utilization aligns with broader sustainability goals, such as the
reduction of landfill use and carbon emissions from waste decomposition. The growing emphasis on the circular economy supports the expansion of the
solid biomass feedstock market. The circular economy focuses on transforming
waste into valuable resources, and biomass fits perfectly within this framework
by converting organic waste into energy. As industries and governments
increasingly prioritize sustainable waste management practices, the demand for
biomass feedstock is expected to rise, reinforcing its role in both waste
reduction and renewable energy generation.
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"Global Solid Biomass Feedstock Market”
The Global
Solid Biomass Feedstock Market is segmented into type, source, end-user, regional
distribution, and company
Based
on End-User,
In the Global Solid Biomass Feedstock Market, the
industrial segment is currently the dominating end-user category. This
dominance is primarily driven by the increasing demand for biomass as a
renewable energy source in various industrial applications, including
manufacturing, food processing, and chemical production. Industries are
increasingly turning to solid biomass feedstock to meet their energy needs,
reduce greenhouse gas emissions, and comply with stringent environmental
regulations. Biomass is used in industrial settings for combined heat and power
(CHP) systems, where it serves as a reliable and sustainable fuel source for
generating electricity and thermal energy simultaneously. This dual energy
output enhances operational efficiency and lowers overall energy costs, making
biomass an attractive option for industries seeking to improve their
sustainability profiles. The ability to utilize a wide variety of
biomass feedstocks, such as agricultural and forestry residues, allows industries
to tailor their energy solutions according to local availability and
cost-effectiveness.
The industrial sector's commitment to reducing carbon footprints and
transitioning to cleaner energy sources is reinforced by government incentives
and policies promoting renewable energy adoption. As more industries invest in
biomass energy technologies and infrastructure, the demand for solid biomass
feedstock is expected to grow. The industrial segment’s robust growth
trajectory positions it as the leading end-user in the solid biomass feedstock
market, significantly contributing to the expansion of renewable energy
initiatives worldwide.
Based
on region, Europe is the second dominant player in the Global Solid Biomass
Feedstock Market, driven by its commitment to renewable energy and sustainable
practices. European countries, particularly those in Northern Europe such as
Sweden, Finland, and Denmark, have implemented ambitious renewable energy
targets and policies aimed at reducing greenhouse gas emissions. This
regulatory framework has significantly boosted the demand for biomass as a
renewable energy source. Europe benefits from a diverse range of biomass
feedstocks, including wood pellets, agricultural residues, and organic waste,
making it well-positioned to support various biomass applications. The region
has established a well-developed infrastructure for biomass production,
processing, and distribution, which enhances the overall efficiency of the
supply chain. Many European nations have invested heavily in advanced
biomass conversion technologies, including gasification and anaerobic
digestion, which improve the efficiency and sustainability of biomass energy
production.
The
European Union's Green Deal and initiatives such as the Renewable Energy
Directive further underscore the region's dedication to promoting renewable
energy sources. These policies not only incentivize biomass utilization but
also encourage sustainable sourcing practices to ensure minimal environmental
impact. As industries and communities across Europe transition to cleaner
energy alternatives, the demand for solid biomass feedstock continues to rise. The increasing integration of biomass in combined heat and power (CHP) systems
enhances energy security while contributing to regional energy independence.
Major
companies operating in Global Solid Biomass Feedstock Market are:
- Arbaflame AS
- Enviva Inc.
- DRAX GROUP PLC
- Segezha Group
- Ecostrat Inc.
- Stora Enso Oyj
- Rentechinc
- Lignetics Group
- The Supreme Industries Limited
- LEAG Group
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“Government
policies and incentives aimed at promoting sustainable energy and reducing
greenhouse gas emissions are pivotal in driving the global solid biomass
feedstock market. Many governments have established regulatory frameworks that
encourage the adoption of renewable energy sources, including biomass, through
mechanisms such as feed-in tariffs, tax incentives, and renewable energy
credits. These initiatives are designed to expedite the transition from fossil
fuels and foster the development of a low-carbon economy. For example, in
Europe, the Renewable Energy Directive sets binding targets for the integration
of renewable energy, including biomass, into the electricity, heating, and
cooling sectors. This framework has spurred significant investments in biomass
projects, enhancing the market's viability. Similarly, in the United States,
various federal and state-level programs, such as the Renewable Fuel Standard
(RFS) and biomass-related tax credits, have significantly boosted the adoption
of biomass energy. Developing countries are also implementing
supportive measures to attract investments in biomass energy, recognizing its
potential to enhance energy security and reduce carbon footprints. As more
nations adopt renewable energy mandates and intensify their focus on carbon
reduction, the regulatory landscape becomes increasingly favorable for solid
biomass feedstock utilization. These government incentives not only mitigate
financial barriers for energy producers but also foster a stable and
predictable market environment, encouraging long-term investments in biomass
projects.,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Solid Biomass
Feedstock Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Chips, Pellets, Briquettes, Others), By Source
(Agriculture Waste, Forest Waste, Animal Waste, Municipal Waste), By End-User
(Residential & Commercial, Industrial, Utilities), By Region and
Competition, 2019-2029F”, has evaluated the future growth potential of Global
Solid Biomass Feedstock Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Solid
Biomass Feedstock Market.
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