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Report overview
The global Bioenergy market was valued at US$ 227400 million in 2022 and is projected to reach US$ 295040 million by 2029, at a CAGR of 3.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Bioenergy is renewable energy made available from materials derived from biological sources. Biomass is any organic material which has stored sunlight in the form of chemical energy. As a fuel it may include wood, wood waste, straw, manure, sugarcane, and many other by-products from a variety of agricultural processes.
This report aims to provide a comprehensive presentation of the global market for Bioenergy, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bioenergy. This report contains market size and forecasts of Bioenergy in global, including the following market information:
The growing demand for energy to keep up with the industrial spurt and the rampant urbanization has created a huge shortfall, coaxing several countries to resort to alternative energy options. The increasing pressure on the world leaders to reduce the carbon footprint and the deadly amount of greenhouse gasses is also forcing nations across the globe, especially developing countries to take up the option of bioenergy seriously. One of the key factors for the increasing demand for bioenergy is that it is derived from local feedstocks. To encourage the production of biomass feedstocks, cultivators and farmers are offered incentives by the governments. Agriculture-based economies generate huge amounts of agricultural waste. The instability in the global crude oil prices has caused a sharp decline in oil trading prices. A systemic demand-supply imbalance in the global crude oil markets, which has diminished the popularity of bioethanol, biodiesel, and other alternative renewable fuels can be attributed to the significant decline in oil price. The low crude oil prices have expanded the price gap between conventional fuels and biofuels. EMEA will be the major revenue contributor to the biomass energy market throughout the forecast period. The strong infrastructural development and economic growth will drive the growth of the bioenergy market in the region.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Bioenergy manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Bioenergy Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (GWh)
Global Bioenergy Market Segment Percentages, by Type, 2022 (%)
Global Bioenergy Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (GWh)
Global Bioenergy Market Segment Percentages, by Application, 2022 (%)
Global Bioenergy Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (GWh)
Global Bioenergy Market Segment Percentages, By Region and Country, 2022 (%)
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: