Solid biomass feedstock market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031). The growth of the solid biomass feedstock market is attributed to the increasing demand for electricity, heat, biofuels, and biomethane globally. According to the International Energy Agency (IEA), in February 2024, over the next five years biofuel demand is set to expand by 38 billion liters, a nearly 30.0% increase from the last five-year period. Total biofuel demand rises 23.0% to 200 billion liters by 2028.

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Based on the source, the global solid biomass feedstock market is sub-segmented into agriculture waste, forest waste, animal waste, and municipal waste. Among these agriculture waste sub-segment is expected to hold the largest share of the market. The primary factors supporting the segment's growth include the growing demand for agricultural waste owing to its availability in abundance and cost-effectiveness. According to the National Center for Biotechnology Information, in October 2022, currently, bioethanol was produced from various agricultural wastes and crop residues such as sugarcane bagasse, sweet sorghum bagasse, rice straw, barley straw, wheat straw, sorghum straw, corn stover, cassava peels, sugar beet, wood, and other. These materials are nonedible, cost-effective, and readily available at a reasonably low cost. The share of bioethanol in biofuel production has reached about 65.0% owing to improved production methods, the use of locally and readily available feedstocks, and the continuous demand for bioethanol for various applications.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Solid Biomass Feedstock Market by Source

Agriculture Waste
Forest Waste
Animal Waste
Municipal Waste

Global Solid Biomass Feedstock Market by Type

Chips
Pellets
Briquettes

Global Solid Biomass Feedstock Market by Application

Electricity
Heat
Biofuels
Biomethane

Global Solid Biomass Feedstock Market by End-Users

Residential & Commercial
Industrial
Utilities

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & 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.

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global solid biomass feedstock market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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