Global Solid Biomass Feedstock Market Insights Forecasts to 2033

• The Global Solid Biomass Feedstock Market Size was Valued at USD 26.03 Billion in 2023
• The Market Size is Growing at a CAGR of 6.08% from 2023 to 2033
• The Worldwide Solid Biomass Feedstock Market Size is Expected to Reach USD 46.96 Billion by 2033
• North America is expected to Grow the fastest during the forecast period.

The Global Solid Biomass Feedstock Market Size is Anticipated to Exceed USD 46.96 Billion by 2033, Growing at a CAGR of 6.08% from 2023 to 2033.

Market Overview

Solid biomass feedstock is defined as solid organic materials derived from various sources, such as agriculture, forestry, and organic waste, that can be used to generate energy through combustion, gasification, or other conversion methods. These resources are renewable and readily available, making them critical for producing heat, power, and biofuels. Solid biomass feedstock is a key component in the transition to sustainable energy systems, acting as a carbon-neutral alternative to fossil fuels while reducing greenhouse gas emissions. Furthermore, waste management has gotten more complex as the world's population, urbanization, and industry have increased. According to the United Nations Environment Programme (UNEP), 11.2 billion tons of solid trash are collected globally each year. Garbage is a rising concern in both developed and developing countries, and conventional techniques for managing agricultural and municipal garbage include open dumps, landfilling, and stubble burning. However, these practices lead to environmental contamination and constitute a significant risk to human health. Instead of inadequately managing waste, it might be used to generate renewable energy and lessen its environmental impact. This can be accomplished by combining waste management strategies with the utilization of solid biomass feedstocks. This strategy not only addresses waste-related concerns, but also plays a significant role in fueling market demand in the forecast period.

 Report Coverage

This research report categorizes the market for the global solid biomass feedstock market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global solid biomass feedstock market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global solid biomass feedstock market.

Driving Factors

The development and implementation of new technologies are required due to growing worries about global warming and deteriorating climatic and environmental conditions caused by excessive pollution as a result of considerable greenhouse gas emissions. The growing demand for renewable energy sources has pushed the use of biomass for energy and power generation, creating lucrative market prospects. The global focus on sustainable and circular economies has increased demand for biomass, which coincides with resource efficiency and waste reduction principles. Biomass feedstock has the potential to build a closed-loop system in which organic waste materials are turned into useful energy and products, contributing to a more sustainable and ecologically friendly approach to resource management.

Restraining Factors

Solid biomass feedstock must go through pretreatment operations such as drying and densification before it can be used. These techniques are required to improve the properties of biomass, but they have certain disadvantages, including high processing costs, process complexity, and low processing efficiency.

Market Segmentation

The global solid biomass feedstock market share is classified into type, source, and application.

• The briquettes segment is expected to hold the largest share of the global solid biomass feedstock market during the forecast period.

Based on the type, the global solid biomass feedstock market is categorized into chips, pellets, and briquettes. Among these, the briquettes segment is expected to hold the largest share of the global solid biomass feedstock market during the forecast period. Briquettes are made from organic materials such as agricultural and wood waste and provide a greener alternative to typical fossil fuels in heating and other uses. As a result, it is predicted to have the biggest share in the type sector of the solid biomass feedstock market.

• The agriculture segment is expected to grow at the fastest CAGR during the forecast period.

Based on the source, the global solid biomass feedstock market is categorized into agriculture, forest, and municipal. Among these, the agriculture segment is expected to grow at the fastest CAGR during the forecast period. Agriculture biomass feedstock has the potential to address the growing demand for bioenergy because it is abundant and inexpensive. Crop land comprises one-third of agricultural land and can provide a substantial amount of biomass feedstock.

• The biofuel segment is expected to hold a significant share of the global solid biomass feedstock market during the forecast period.

Based on the application, the global solid biomass feedstock market is categorized into electricity, heat, and biofuel. Among these, the biofuel segment is expected to hold a significant share of the global solid biomass feedstock market during the forecast period. Biofuel is a renewable fuel that provides a cleaner alternative to typical fossil fuels. Furthermore, its interoperability with existing natural gas infrastructure allows for smooth integration into a variety of sectors, including transportation, heating, and power generation, without requiring significant adjustments.

Regional Segment Analysis of the Global Solid Biomass Feedstock Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is projected to hold the largest share of the global solid biomass feedstock market over the forecast period.

Asia Pacific is projected to hold the largest share of the global solid biomass feedstock market over the forecast period. Asia Pacific has dominated the solid biomass feedstock market. Urbanization and population growth have resulted in increased energy demand, propelling the solid biomass feedstock throughout the region. Agriculture is a major source of income in Asia Pacific countries such as India, Vietnam, and Indonesia. India is one of the world's largest energy consumers, relying significantly on fossil fuels, a considerable amount of which is imported. The region's solid biomass feedstock market is expanding as a result of the transition to sustainable energy.  The existence of solid biomass feedstock providers such as Supreme Industries (India), Shree Industries (India), and JP Green Fuels (India) contributes to the market's growth.

North America is expected to grow at the fastest CAGR of the global solid biomass feedstock market during the forecast period. The interest in biomass power in North America is mostly driven by the United States and Canada. North America is heavily reliant on coal for power generation. The recent discovery of shale gas reserves in the area has ushered in a gas-based power era, which is growing faster than the coal-based power age.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global solid biomass feedstock market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• REDAL  
• Shree Industries
• Mallard Creek Inc
• Blackwood Technology  
• JP Green Fuels  
• Graanul Invest  
• Viridis Energy Inc.
• Growmore Biotech Ltd.
• Ecostrat Inc.  
• Arbaflame  
• Subham Industries
• Fram Fuels  
• Stora Enso
• Drax Group plc
• Segezha Group
• Enviva Inc.  
• Lignetics, Inc.
• Rentech, Inc.
• LAND ENERGY LTD
• Supreme Industries
• Wismar Pellets GmbH
• Gildale Farms  
• Gombella Integrated Services Ltd.
• Valfei Products Inc.  
• Forest Concepts  
• Others

Key Market Developments

• On January 2024, Drax Group plc and Molpus Woodlands Group announced a new agreement that gives Drax Group plc the option to obtain sustainably acquired woody biomass for powering its bioenergy plants with carbon capture and storage (BECCS) in the US Southeast. Drax will be able to access a maximum of USD 1 million in green tons of sustainably obtained fiber each year via a long-term fiber supply agreement. This supply will serve as the cornerstone for Drax's BECCS projects in the area, which aim to provide renewable baseload power to increase US energy independence while successfully removing carbon dioxide from the atmosphere.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global solid biomass feedstock market based on the below-mentioned segments:  

Global Solid Biomass Feedstock Market, By Type

• Chips
• Pellets
• Briquettes

Global Solid Biomass Feedstock Market, By Source

• Agriculture
• Forest
• Municipal

Global Solid Biomass Feedstock Market, By Application

• Electricity
• Heat
• Biofuel

Global Solid Biomass Feedstock Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa