The global bioenergy market size is projected to reach USD 642.71 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. Deepening commitment to the 2015 Paris Climate Change Agreement will be a critical factor augmenting the growth of this market. The Paris Agreement was a landmark moment in the fight against climate change as it contained actionable commitments by the top emission countries. These commitments were focused on mitigating the extreme effects of climate change by reducing greenhouse gas (GHG) emissions and curbing global temperature increase below 2 degrees Celsius above pre-industrial levels. Currently, 197 countries, with the exception of Russia, Iran, and Turkey, have signed the agreement. In the quest to control emissions, countries are actively switching to bioenergy sources such as biomass and biofuels to meet their electricity requirements, since these sources can supply electricity to all end-use industries. Thus, expanding participation in the Paris Agreement will bode well for this market.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Bioenergy Market trends. The report is available for sale on the company website.
Liquid biofuels are another major product type segment of the market. Global production of liquid biofuels increased by nearly 7% in 2018 compared to that in 2017, reaching 154 billion liters in 2018. The U.S. and Brazil are the largest ethanol producers in the world. Together, these countries accounted for 84% share of the global ethanol production in 2018. On the other hand, Europe is the largest producer and consumer of biodiesel in the world. The region alone produces around 35% of the total global biodiesel production.
April 2020: Ductor, the Finnish-Swiss bioenergy company, announced the building of three biofertilizer-biogas plants in Poland’s Zachodniopomorskie region. Using poultry waste, the plants will produce renewable energy and organic nitrogen fertilizer, enhancing Poland’s shift towards circular economy.
February 2020: San Francisco-based Brightmark expanded its dairy biogas project in Western New York under its “Yellowjacket” project. Partnering with six farms, the company will extract methane from dairy manure every day and produce renewable natural gas.
List of Key Players Covered in this Market Report:
- Enexor Energy (U.S.)
- Lignetics (U.S.)
- Green Plains Inc. (U.S.)
- Enviva (U.S.)
- Enerkem (Canada)
- POET (U.S.)
- Drax Group (U.S.)
- Pacific BioEnergy Corp (Canada)
- EnviTec Biogas AG (Germany)
- MVV Energie AG (Germany)
- Ameresco, Inc. (U.S.)
- ADM (U.S.)
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According to the report, the global market value stood at USD 344.90 billion in 2019. The report also shares the following:
- An exhaustive examination of the key market drivers, trends, and restraints;
- Accurate forecasting of upcoming market opportunities;
- In-depth study of all market segments;
- A comprehensive evaluation of the regional dynamics; and
- Careful profiling and thorough research of the top market players and their strategies.
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Regional Analysis for Bioenergy Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Bioenergy Market:
- Executive Summary
- Market Dynamics
- Key Bioenergy Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2027
- North America Market Analysis, Insights and Forecast, 2015-2027
- Europe Market Analysis, Insights and Forecast, 2015-2027
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
- Latin America Market Analysis, Insights and Forecast, 2015-2027
- Competitive Landscape
- Global Bioenergy Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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