PUBLISHER: The Business Research Company | PRODUCT CODE: 1658846
PUBLISHER: The Business Research Company | PRODUCT CODE: 1658846
Bioenergy refers to a renewable energy form derived from organic materials, known as biomass, utilized in the generation of electricity, transportation fuels, and heat. Biomass undergoes a transformation into solid, liquid, or gaseous fuels, establishing itself as a primary renewable energy source for various applications, including power generation, heating for buildings and industries, and transportation.
The primary types of bioenergy include biomass, renewable municipal waste, biogas, and liquid biofuels. Biomass and renewable municipal waste represent biomass sources requiring minimal additional inputs, suitable for bioenergy generation. Various technologies, such as gasification, fast pyrolysis, fermentation, and others, are employed in power generation, heat production, transportation, and other applications within the bioenergy sector.
The bioenergy market research report is one of a series of new reports from The Business Research Company that provides bioenergy market statistics, including bioenergy industry global market size, regional shares, competitors with a bioenergy market share, detailed bioenergy market segments, market trends and opportunities, and any further data you may need to thrive in the bioenergy industry. This bioenergy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The bioenergy market size has grown strongly in recent years. It will grow from $296.09 billion in 2024 to $323.44 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to fossil fuel dependency concerns, energy security initiatives, rise in environmental awareness, agricultural residue utilization, industry shift towards renewable energy.
The bioenergy market size is expected to see strong growth in the next few years. It will grow to $473.49 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to market expansion in developing regions, urban waste-to-energy initiatives, global agricultural trends, industrial applications expansion, advancements in biomass conversion. Major trends in the forecast period include transition to biorefineries, public-private partnerships, decentralized energy production, biofuels in transportation, policy support and incentives.
The growing demand for energy focused on reducing carbon emissions is expected to drive the growth of the bioenergy market. Greenhouse gas emissions resulting from human activities contribute to the greenhouse effect, with carbon dioxide from fossil fuel combustion significantly impacting the climate. In response, countries are implementing various measures to lower these emissions. Bioenergy plays a crucial role in achieving these targets by providing renewable energy sources and helping to reduce carbon emissions. For example, in February 2024, the World Resources Institute, a U.S.-based organization, reported that the U.S. installed a record 31 gigawatts (GW) of solar energy capacity in 2023, representing a 55% increase from 2022 installations. Therefore, the increasing demand for energy targets aimed at reducing carbon emissions is driving the bioenergy market's growth.
The bioenergy market experiences a surge in growth driven by mounting environmental concerns globally. These concerns encompass the impact of human activities on ecosystems, biodiversity, and the overall health of the natural environment. Bioenergy, with its environmental benefits such as carbon neutrality and reduced greenhouse gas emissions, addresses these concerns effectively. The integration of bioenergy into agricultural practices promotes land use efficiency. This shift towards sustainability is emphasized as exemplified by the United Kingdom's greenhouse gas emissions per resident, witnessing a 2% increase in 2022 compared to the previous year. The bioenergy market's growth trajectory is thus intricately linked to the heightened environmental consciousness prevailing worldwide.
Technological advancements in bioenergy conversion stand out as a prominent trend propelling the bioenergy market forward. Key industry players prioritize innovation in technologies, research, and development to sustain their market positions. For instance, in September 2023, BASF SE, a renowned German chemical company, unveiled biomass balance plastic additives. These products actively promote the substitution of renewable feedstock for fossil fuels, providing clients with the means to reduce their carbon footprint. The goal is to conserve fossil fuels, maximize the utilization of renewable feedstock, and deliver products of equivalent performance and quality. This introduction exemplifies the industry's commitment to embracing cutting-edge technologies in bioenergy, fostering sustainability and environmental preservation.
Key players in the bioenergy market are strategically emphasizing biofuels as a primary driver for revenue generation. Biofuels, acknowledged as a renewable energy source, contribute to a carbon-neutral cycle, emitting an amount of carbon dioxide during combustion equivalent to that absorbed by plants during their growth. Demonstrating this commitment, in March 2023, BSBIOS Industria e Comercio de Biodiesel Sul Brasil S.A, a prominent Brazil-based company specializing in biodiesel production, launched the biofuel named Be8 BeVant. Positioned as an immediate solution, BeVant targets businesses seeking to fulfill decarbonization commitments in the short term, particularly those reliant on conventional diesel oil. This innovative biofuel enables emissions reduction without substantial investments in engine replacements or new fueling infrastructure.
In October 2022, the Green Investment Group (GIG), a leading UK-based firm specializing in green infrastructure principal investment, completed the acquisition of BayWa Bioenergy for an undisclosed amount. This strategic move by GIG is geared towards enhancing the platform through the integration of cutting-edge technological methods. These advancements may encompass the incorporation of carbon capture and CO2 liquefaction technology, capable of producing food-grade purity CO2. BayWa, a Germany-based bioenergy company, positions itself to benefit from the acquisition, aligning with GIG's objectives and contributing to the evolution of bioenergy solutions with a focus on sustainability and technological innovation.
Major companies operating in the bioenergy market are Babcock and Wilcox Enterprises Inc., Orsted A/S, Hitachi Zosen Corporation, Pacific Bioenergy Corp., Enerkem Inc., MVV Energie AG, Enexor Energy LLC, Lignetics Inc., Green Plains Inc., Enviva Partners LP, POET LLC, Drax Group PLC, Ameresco Inc., Archer Daniels Midland Company, EnviTec Biogas AG, CropEnergies AG, Abengoa Bioenergy US Holding LLC, Novozymes A/S, Alto Ingredients Inc., Valero Energy Corporation, BP Biofuels North America LLC, Cargill Inc., DuPont Industrial Biosciences USA LLC, Gevo Inc., LanzaTech Inc., Amyris Inc., Butamax Advanced Biofuels LLC, Genomatica Inc., NexSteppe Inc., Renmatix Inc., Virent Inc., Algenol Biofuels Inc.
North America was the largest region in the bioenergy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioenergy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bioenergy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bioenergy market consists of sales of renewable hydrocarbon fuels such as bioethanol, biodiesel, and cellulosic ethanol. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bioenergy Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bioenergy market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bioenergy ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bioenergy market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.