PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643563
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643563
The global solid biomass feedstock market is projected to grow from $28.3 billion in 2024 to $47.4 billion by 2032, at a compound annual growth rate (CAGR) of 6.8% during 2025-2032. This growth is driven by increasing environmental regulations promoting sustainability and a global shift toward renewable energy sources to reduce greenhouse gas emissions. Solid biomass feedstock is emerging as a key resource for achieving energy security and reducing reliance on fossil fuels.
Key Insights
Biomass feedstock is sourced from agricultural waste, such as straw and husks; forest waste, including wood chips and sawdust; animal waste, processed into biofuels; municipal organic waste; and energy crops like switchgrass and miscanthus, cultivated specifically for energy production.
Applications include electricity generation in biomass power plants, heat production for residential, commercial, and industrial heating systems, and biofuel production for transportation.
Types of biomass feedstock include chips, used in biomass boilers and power plants; pellets, offering high energy density and ease of handling; and briquettes, which serve as an alternative to coal in heating and power applications.
End users span residential and commercial sectors for heating and energy needs, industrial facilities requiring heat and power, and utility companies integrating biomass into their energy mix for large-scale electricity generation.
North America leads the market with significant biomass resources and supportive policies. Asia-Pacific is the fastest-growing region, driven by increasing investments in renewable energy infrastructure and rising energy demands.
Environmental regulations aimed at reducing carbon emissions, the global adoption of renewable energy to combat climate change, and efforts to enhance energy security drive market growth. The desire to reduce dependency on fossil fuels further propels demand.
Trends include the rising demand for biofuels in transportation, technological advancements in biomass processing for improved efficiency, and an emphasis on sustainable sourcing and utilization practices.
The competitive landscape is fragmented, with numerous players expanding biomass supply chains and investing in advanced processing technologies to meet growing demand across sectors.