Solid Biomass Feedstock Market to Signify Strong Growth by 2024-2031

Global solid biomass feedstock market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for biofuels with rising transport fuel demand and abundant feedstock potential globally driving the growth of the market. Different types of biomass feedstocks are accessible, and biomass can be produced anywhere there are living plants and municipal and industrial waste. Moreover, liquid fuels, heat, electricity, and/or biobased goods can be produced from the majority of feedstocks. According to the World Bioenergy Association 2022, energy generation from municipal and industrial waste represents the third feedstock sector after forestry and agriculture. In 2020, the domestic supply of energy from municipal and industrial waste was 2.65 EJ with 55.0% from municipal waste and the remaining from industrial waste.

The increasing demand for bioethanol globally aims to ensure a stable supply of bioethanol through ongoing projects, during bioethanol production as well as effective utilization of residues from the fermentation process to produce biogas. For instance, in August 2023, Sumitomo Corp. partnered with Axens North America, a bioethanol technology provider, and Allotrope Partners, a US clean energy advisory and investment firm, for a joint project to study commercial production of bioethanol derived from woody biomass in the State of California. The feedstock is anticipated to be locally sourced forest thinning materials and agricultural residues found in California, with the intent to produce about 60,000 tons of bioethanol annually.

The ability to transform landfill waste feedstock into syngas, lays the groundwork to move on to the final step in its waste-to-fuels process, converting the syngas into liquid fuel. For instance, in July 2022, Fulcrum BioEnergy Inc. announced that it had completed a $20.0 million investment in Fulcrum by SK Innovation, the energy arm of South Korea's SK Group. The opportunity to explore the possibilities of bringing Fulcrum’s patented and proprietary waste-to-fuel process to South Korea and select countries in Asia.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Source
• By Type
• By Application
• By End-Users

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- Chevron Corp., Drax Group plc, Enviva Inc., RWE AG, and Siemens AG, among others.

Solid Biomass Feedstock Market Report Segment

By Source

• Agriculture Waste 
• Forest Waste
• Animal Waste
• Municipal Waste

By Type

• Chips
• Pellets
• Briquettes

By Application

• Electricity 
• Heat
• Biofuels
• Biomethane

By End-Users

• Residential & Commercial
• Industrial
• Utilities

A full Report of Solid Biomass Feedstock Market is Available @  https://www.omrglobal.com/industry-reports/solid-biomass-feedstock-market

Solid Biomass Feedstock Market Report Segment by Region

North America                                                                                                           

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles

• Arbaflame AS
• Bioenergy International
• Biomass Secure Power Inc.
• Drax Group plc
• Ecostrat Inc.
• Enerkem Inc.
• Enviva Inc.
• Fram Renewable Fuels, LLC
• Fulcrum BioEnergy
• Georgia Biomass, LLC
• German Pellets GmbH
• Göteborg Energi
• Green Circle Inc. 
• Hawkins Wright Ltd.
• Rentech, Inc.
• Stora Enso Oyj
• Targray Technology International Inc.
• Viridis Energy Inc.

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