Bioenergy Market: Current Analysis and Forecast 2021-2027

Bioenergy Market is expected to exceed the market valuation of more than US$ XX billion in 2027 and is expected to grow at a significant CAGR of XX% during the forecast period (2021-2027). Bioenergy is a renewable source of energy derived from organics materials known as biomass. It can be used to produce energy for heat, electricity, transportation, and products. The energy generated from biomass is known as bioenergy. Biomass when used as an energy source is called feedstock and can range from plants and timber to food an agricultural waste and even sewage. Dry combustible feedstocks like wood pellets are burnt in furnaces or boilers, which boils water that creates steam and drives a turbine to create electricity. Carbon Dioxide is released when burning biomass. However, the net carbon release is balanced as same amount of carbon dioxide is released which was absorbed when growing organic matter. Thus, the carbon cycle is balanced. Where fossil fuels release carbon dioxide that been locked away since millions of years which disrupts the Earth's current carbon balance. The sustainability of bioenergy can be best analyzed by distinguishing whether waste feedstocks or energy crops are being used.
Key factors influencing the growth of the biomass market include is wide availability as a renewable source of energy as the organic materials used to produce biomass are easily available whereas in the case of other renewable sources it is hard to rely on their constant availability. Biomass is produced from organic material/waste that would usually rot and produce CO2 and even methane (a greenhouse gas 21 times more potent than CO2). Therefore, bioenergy is not only sustainable but decreases the CO2 that would have been produced anyways. Furthermore, manufacturers are making an added revenue by producing bioenergy from their leftover waste. This also reduces the garbage dumped in landfills by 60-90% and reduces the cost of landfill disposal. Moreover, the world population is expected to increase to 8 or even to 10.5 billion by 2050 which will increase the need for energy consumption and to respond to this growing demand natural resources need to be used more efficiently and thus the needed switch to biofuels.
Enexor Energy, Lignetics, Green Plains Inc., Enviva, Enerkem, POET, Drax Group, Pacific BioEnergy Corp, EnviTec Biogas AG, and MVV Energie AG are some of the prominent players operating in the Bioenergy market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
"Amongst Product Type, Solid biomass segment holds the major share"
Based on Product Type, the market is segmented into Solid Biomass, Liquid Biofuels, Biogas, Others. Amongst product type, the solid biomass segment of the bioenergy market was valued at USD$ XX billion in 2020 and is likely to reach US$ XX billion by 2027 growing at a CAGR of XX% from 2021-2027. Biomass is a renewable organic material produced from plants and animals. Till the mid-1800s, biomass was the largest source of total annual energy consumption in the United States. Using biomass instead of fossil fuels has avoided CO2 emission in many countries. In 2020, 5 quadrillion British thermal units (Btu) and about 5% of the total energy was provided using Biomass in the United States.
"Amongst Feedstock, Wood & Woody Biomass Segment holds the major share"
Based on feedstock, the bioenergy market is segmented into agricultural waste, wood & woody biomass, solid waste, and others. Amongst feedstock, wood and woody biomass segment accounted for a market valuation of US$ XX billion in 2020 and is expected to reach US$ XX billion by the year 2027, at a CAGR of XX% over the analyzed period. Woody biomass consists of trees, bark, trunks, branches etc. These have a high lignin content which produces large amount of heat and is also used in grid electricity production. In 2018, 2% of the total energy consumption in the United States was from wood and woody biomass waste. Energy from wood can be acquired by directly burning the wood or one can burn the wood in a mixture of wood, coal, and other fuel sources. Indirect methods include deriving energy by thermal or chemical conversion processes.
"Amongst Application, Heat Generation Segment holds the major share"
Based on application, the bioenergy market is segmented into Power Generation, Heat Generation, Transportation, and Others. The heat generation segment generated revenue of US$ XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX billion by 2027F. Biofuels are high in heat content and are most used for the generation of heat, which makes it the fastest growing segment. In Europe, use of bioenergy for heat is expected to rise by 8% by 2023 reaching 3.5 exajoules (EJ). The European Union used more than 15 million tons of wood pellets for heating in 2018. Renewable biomass is converted into heat by 3 processes, bacterial decay, burning and conversion to liquid or gas fuel.
"North America represents one of the largest markets of Bioenergy market"
For a better understanding of the market dynamics of the Bioenergy market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World. The U.S. dominated the market and grabbed around XX% market share owing to the increasing awareness about renewable energy in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
Bioenergy market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Bioenergy is a renewable source of energy derived from organic materials known as biomass. It can be used to produce energy for heat, electricity, transportation, and products. The energy generated from biomass is known as bioenergy. Biomass when used as an energy source is called feedstock and can range from plants and timber to food an agricultural waste and even sewage. Dry combustible feedstocks like wood pellets are burnt in furnaces or boilers, which boils water that creates steam and drives a turbine to create electricity.
Carbon Dioxide is released when burning biomass. However, the net carbon release is balanced as same amount of carbon dioxide is released which was absorbed when growing organic matter. Thus, the carbon cycle is balanced. Where fossil fuels release carbon dioxide that been locked away since millions of years which disrupts the Earth's current carbon balance. The sustainability of bioenergy can be best analysed by distinguishing whether waste feedstocks or energy crops are being used.
Amongst product type, the solid biomass segment of the bioenergy market was valued at USD$ XX billion in 2020 and is likely to reach US$ XX billion by 2027 growing at a CAGR of XX% from 2021-2027.
Based on feedstock, the bioenergy market is segmented into agricultural waste, wood & woody biomass, solid waste, and others. Amongst feedstock, wood and woody biomass segment accounted for a market valuation of US$ XX billion in 2020 and is expected to reach US$ XX billion by the year 2027, at a CAGR of XX% over the analysed period.
Based on application, the bioenergy market is segmented into Power Generation, Heat Generation, Transportation, and Others. The heat generation segment generated revenue of US$ XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX billion by 2027F.
For a better understanding of the market adoption of Bioenergy Industry, the market is analysed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific will dominate the Bioenergy market on account of increasing need for alternative energy sources.
Some of the major players operating in the market include Enexor Energy, Lignetics, Green Plains Inc., Enviva, Enerkem, POET, Drax Group, Pacific BioEnergy Corp, EnviTec Biogas AG, and MVV Energie AG. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Bioenergy Market was valued at US$ XX billion in 2020 and is projected to expand significantly with a CAGR of XX% from 2021-2027F to US$ XX billion in 2027. The Bioenergy Market is expected to witness a boost on account of its high adoption in the North America region.