Bioenergy Market Report, Size, Trends, Emerging Growth Factors, Opportunities and Forecast 2027

Author : univdatos
Publish Date : 2021-11-01 09:47:11
Bioenergy Market Report, Size, Trends, Emerging Growth Factors, Opportunities and Forecast 2027

The demand for Bioenergy is witnessing an uptick on account of rising use of renewable energy to produce electricity. The Bioenergy market is expected to grow with a significant CAGR in the coming years. Biofuels are obtained through biological carbon fixation from organisms living in a relatively short period of time. In 2020, United States was the leading producer of biofuels, producing 1,347 petajoules of biofuel. After United States, Brazil and Indonesia produced 884 and 283 petajoules respectively. In Europe, Germany produced 146 petajoules in 2020 which placed it among top five countries in biofuel production and the leading producer in Europe. The United States accounted for 38% of the global biofuel production in 2019 which makes it by far the largest producer of biofuels. It also produced 1,557 petajoules of biodiesel and again making it the largest producer of biodiesel. The production of biofuels has increased from 187 thousand barrels of oil equivalent per day in 2000 to 1.8 million barrels of oil equivalent per day in 2019.  The largest consumer of biofuels in the United States is the U.S. National Army. Vehicles can be fueled with biofuel blends using 10% ethanol. In the beginning of the 20th century, many Ford T models were fueled with ethanol. Conversion of consumption of biomass material to produce biofuels can occur thermally, biochemically, or chemically. 

The covid-19 pandemic had some form of an impact in all industries. The bioenergy sector was also significantly affected by the pandemic. The World Bioenergy Association (WBA) took a ‘COVID-19 and its impact on the global bioenergy sector’ survey in May 2020. Bioenergy Stakeholders were invited to respond to the survey consisting of impacts of covid on production, employment, revenue, and investments in the sector. According to the survey, the hardest hit sector was the liquid biofuels sector. The low price of oil makes it hard for biofuels to compete with the conventional fossil fuels. The significant drop in demand for transport fuels during the pandemic also caused hardships for biofuels, though some producers diverted their production to essential commodities like hand sanitizers. However, it did lead to large plant closures and reduced production volumes. The solid biomass sector showed resilience.

According to ‘UnivDatos Market Insights (UMI)’ research reportBioenergy Market Analysis, 2020”, the Bioenergy market is projected to grow at a CAGR of XX% during 2021-27F. Increasing awareness about fossil fuels and its increasing use by manufacturers is one of the prominent reasons which is driving the market of the Bioenergy. For Instance: In 2018, 55.6 EJ of total bioenergy was produced which is 1.2% increase from the previous year. Also, 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).

Based on the Product Type, the market is fragmented into solid biomass, liquid biomass, biogas, and others. Solid Biomass Segment accounted for the largest share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. Till the mid-1800s, biomass was the largest source of total annual energy consumption in the United States. Biomass is still an important fuel source in many developing countries for cooking and heating.

Wood & Woody Biomass Segment to Witness Robust growth

Based on Feedstock, the market is fragmented into agricultural waste, wood & woody biomass, solid waste, and others. Wood & woody biomass segment had the highest revenue and CAGR growth in 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.

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Based on the Application, the market is fragmented into Power Generation, Heat Generation, Transportation, and Others. Heat Generation Segment accounted for the largest share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. Biofuels are high in heat content and are most used for the generation of heat, which makes it the fastest growing segment.

North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the Region, North America dominated the Bioenergy market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to increasing demand for renewable sources of energy. For example, an estimated 4.47 quadrillion British thermal units (Btu) were used in 2020 by the United States. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research reportBioenergy Market Analysis, 2020”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Bioenergy Market are Enexor Energy, Lignetics, Green Plains Inc., Enviva, Enerkem, POET, Drax Group, Pacific BioEnergy Corp, EnviTec Biogas AG, and MVV Energie AG among others. The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.

  • In July 2021, Enviva, the winner of the 'most sustainable biomass company' in the 2021 World Finance Sustainability Awards, is one of very few companies with the track record and know-how to deliver this critical energy source at scale.
  • In March 2021, Enexor BioEnergy, LLC, has been awarded a contract by the U.S. Army Corps of Engineers (USACE), on behalf of the U.S. Navy, to help solve the U.S. military’s enduring need to divert organic and plastic waste away from landfills and convert into clean, on-site renewable energy.
  • In February 2021, Halliburton Labs today announced the inaugural group of companies selected to participate in its collaborative environment where entrepreneurs, academics, and investors come together to advance cleaner, affordable energy. Enexor BioEnergy, Momentum Technologies and OCO Inc. will have access to Halliburton’s deep business and technical expertise, facilities, and network to accelerate their respective offerings.

“Bioenergy Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Bioenergy providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

  1. By Product Type (Solid Biomass, Liquid Biofuels, Biogas, Others)
  2. By Feedstock (Agricultural Waste, Wood and woody Biomass, Solid Waste, Others)
  3. By Application (Power Generation, Heat Generation, Transportation, Others)
  4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
  5. By Company (Enexor Energy, Lignetics, Green Plains Inc., Enviva, Enerkem, POET, Drax Group, Pacific BioEnergy Corp, EnviTec Biogas AG, MVV Energie AG, etc.)

Key questions answered in the study:

  1. What are the current and future trends of the Bioenergy industry?
  2. How the industry has been evolving in terms of end-user demand and application areas?
  3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the Bioenergy industry?
  5. What is the customer orientation, purchase behavior, and expectations from the Bioenergy firms across various regions?

Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Bioenergy Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
  • Based on what factors are the key market players assessed in this report?
  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Players
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
  • the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter's Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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