Global Biomass Briquettes Market, By Type ; By Application ; By Region ; Trend Analysis, Competitive Market Share & Forecast, 2018-2028

Description

Global Biomass Briquettes Market to Cross USD 700 Million by 2028

The growth of the biomass briquettes market can be attributed to the rising adoption of biomass briquettes as a cleaner fuel for the purpose of power generation leading to lower GHG emissions. Moreover, policy formulations by the governments encouraging the adoption of biomass as alternative energy source is further propelling the market growth over the forecast period.

A recent study by the strategic consulting and market research firm; Blue Weave Consulting revealed that the Global Biomass Briquettes Market was worth USD 429.0 million in 2021 and is projected to reach USD 701.5 million by the year 2028, growing at a CAGR of 7.4% during the period of 2022-2028. The growth of the biomass briquettes market can be attributed to the rising adoption of biomass briquettes as a cleaner fuel for the purpose of power generation leading to lower GHG emissions. Moreover, government policy formulations encouraging the adoption of biomass as an alternative energy source further propelling the market growth over the forecast period.

Rising Adoption of Biomass Briquettes as a Clean Fuel Leading to Lower GHG Emissions

Biomass briquettes can be considered an unsurpassed alternative energy source compared to wood fuel. Clean energy in commercial and domestic segments is a tool to advance human health, lower climate change impacts, and save hundreds of millions of people, especially women and children, from toiling during daily fuel collection. Therefore, governments worldwide have formulated several policy measures for adopting biomass as an alternative energy source, thus propelling the growth of biomass briquettes over the forecast period. For instance, the UK Government intends to publish a Biomass Strategy in 2022 that would set out the details regarding the Government's view on how biomass would contribute towards net zero across the economy. It would cover the policies required to deploy biomass in the priority areas for net zero emissions, alongside the outlines to back these policies, including the sustainable supply of resources, and air quality requirements, besides GHG accounting mechanisms.

The Power Generation Segment Likely to Grow at a Considerable Growth rate over the Forecast Period.

The global biomass briquettes market is segmented into thermal energy, power generation, and others. Amidst the segmentation, the power generation segment is likely to grow at a considerable rate over the forecast period. Biomass briquettes offer a cleaner alternative to coal and other fossil fuels for the purpose of power generation. Biomass sources are extensively available, and biomass briquettes do not need different power-generation equipment, thus expanding their adoption seamlessly. This has encouraged several power companies throughout the world to experiment with biomass briquettes. For instance, in December 2021, The Maharashtra State Power Generation Company (MAHAGENCO) in Maharashtra, India, announced the usage of biomass briquettes in one of its power stations 'on an experimental basis. Conversely, biomass briquettes are widely deployed in thermal power plant stations to mitigate GHG emissions.

Impact Of COVID-19 On the Global Biomass Briquettes Market

The emergence of the COVID-19 pandemic has brutally impacted the global biomass briquettes market. The sudden emergence of the COVID-19 pandemic caused the implementation of tight lockdown measures in some nations, disrupting Biomass Briquette import and export. Various end-use industries had to scale down or completely stop production owing to factors such as contractual obligations, health and safety measures, resource availability, and project delays or cancellations due to the global pandemic. Moreover, COVID-19 directly impacted production and demand, causing supply chain and market disruption that impacted industrial operations. Nevertheless, with the improving market circumstances in the post covid era, the growth of biomass briquettes is likely to recover during the forecast period and offer attractive prospects to the manufacturers and distributors of biomass briquettes all over the world.

Asia-Pacific Region Is Expected to Grow with The Highest CAGR In the Global Biomass Briquettes Market

Regarding regional analysis, the global biomass briquettes market has been classified into North America, Europe, the Asia-Pacific, Latin America and the Middle East, and Africa. Amidst the segmentation, the Asia-Pacific region is expected to be the largest growing market in the global biomass briquettes market. This can be ascribed to the large-scale usage of biomass briquettes in the developing countries of the Asia-who have been the largest consumer of bio-briquettes, particularly in domestic cooking activities due to inadequate availability of cooking fuel. The market has been recently gaining traction among developed economies that use these briquettes for heating boilers in electricity generation. China is expected to observe the most significant growth rate in market penetration due to government policies intended to boost production. Additionally, due to the advancements in Chinese Biomass Fuel production technology, their market share in the international market is growing, and their global competitiveness is improving. Furthermore, the Asia-Pacific region's environmental regulations are progressively becoming more stringent, which is also fuelling the market growth rate over the forecast period.

Competitive Landscape

The global biomass briquettes market is characterized by many local, regional, and global vendors. The key players operating in the global biomass briquettes market are German Pellets, Enviva, Pinnacle Renewable Energy Group, Pacific Bioenergy Corporation, Vyborgskaya Cellulose, Rentech, Graanul Invest Group, RWE Innogy, Lignetics, E-pellets, Drax Biomass, General Biofuels, Blue Fire Renewables, Pfeifer Group, Biomass Secure Power, Viridis Energy, Energex, Protocol Energy, Agropellets, Granules LG and other prominent players. The players maintain their dominance in the market by investing in research and development activities, integrating the latest and advanced technologies into their products, and launching improved products for the customers.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the global biomass briquettes market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global biomass briquettes market ¬along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.

Product Code: BWC22258

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Research Methodology

2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation

3. Executive Summary

4. Global Biomass Briquettes Market Insights

4.1. Industry Value Chain Analysis
4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
4.3. Technological Advancement/Recent Development
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry

5. Global Biomass Briquettes Market Overview

5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Type
  - 5.2.1.1. Wood Biomass Briquette
  - 5.2.1.2. Agro Waste Biomass Briquette
  - 5.2.1.3. Sawdust Biomass Briquette
- 5.2.2. By Application
  - 5.2.2.1. Thermal Energy
  - 5.2.2.2. Power Generation
  - 5.2.2.3. Others
- 5.2.3. By Region
  - 5.2.3.1. North America
  - 5.2.3.2. Europe
  - 5.2.3.3. The Asia Pacific
  - 5.2.3.4. Latin America
  - 5.2.3.5. The Middle East and Africa

6. North America Biomass Briquettes Market

6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Country
  - 6.2.3.1. United States
  - 6.2.3.2. Canada

7. Europe Biomass Briquettes Market

7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Country
  - 7.2.3.1. Germany
  - 7.2.3.2. United Kingdom
  - 7.2.3.3. Italy
  - 7.2.3.4. France
  - 7.2.3.5. Spain
  - 7.2.3.6. Rest of Europe

8. The Asia Pacific Biomass Briquettes Market

8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
  - 8.2.3.1. China
  - 8.2.3.2. India
  - 8.2.3.3. Japan
  - 8.2.3.4. South Korea
  - 8.2.3.5. Rest of Asia Pacific

9. Latin America Biomass Briquettes Market

9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
  - 9.2.3.1. Brazil
  - 9.2.3.2. Mexico
  - 9.2.3.3. Rest of Latin America

10. The Middle East & Africa Biomass Briquettes Market

10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By Country
  - 10.2.3.1. Saudi Arabia
  - 10.2.3.2. UAE
  - 10.2.3.3. South Africa
  - 10.2.3.4. Rest of Middle East & Africa

11. Competitive Landscape

11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2021
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Development (Merger, Acquisition, Partnership.)

12. Supplier Analysis

13. Impact of Covid-19 on Global Biomass Briquettes Industry

14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

14.1. German Pellets
14.2. Enviva
14.3. Pinnacle Renewable Energy Group
14.4. Pacific Bioenergy Corporation
14.5. Vyborgskaya Cellulose
14.6. Rentech
14.7. Graanul Invest Group
14.8. RWE Innogy
14.9. Lignetics
14.10. E-pellets
14.11. Drax Biomass
14.12. General Biofuels
14.13. Blue Fire Renewables
14.14. Pfeifer Group
14.15. Biomass Secure Power
14.16. Viridis Energy
14.17. Energex
14.18. Protocol Energy
14.19. Agropellets
14.20. Granules LG

15. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List Of Figures

Figure 1: Global Biomass Briquettes Market Segmentation
Figure 2: Global Biomass Briquettes Industry Value Chain Analysis
Figure 3: Global Biomass Briquettes Market Size, By Value (USD Million), 2018-2028
Figure 4: Global Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028
Figure 5: Global Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028
Figure 6: Global Biomass Briquettes Market Share (%), By Region, By Value, 2018-2028
Figure 7: North America Biomass Briquettes Market Size, By Value (USD Million), 2018-2028
Figure 8: North America Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028
Figure 9: North America Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028
Figure 10: North America Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028
Figure 11: Europe Biomass Briquettes Market Size, By Value (USD Million), 2018-2028
Figure 12: Europe Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028
Figure 13: Europe Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028
Figure 14: Europe Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028
Figure 15: The Asia-Pacific Biomass Briquettes Market Size, By Value (USD Million), 2018-2028
Figure 16: The Asia-Pacific Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028
Figure 17: The Asia-Pacific Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028
Figure 18: The Asia-Pacific Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028
Figure 20: Latin America Biomass Briquettes Market Size, By Value (USD Million), 2018-2028
Figure 21: Latin America Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028
Figure 22: Latin America Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028
Figure 23: Latin America Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028
Figure 24: The Middle East & Africa Biomass Briquettes Market Size, By Value (USD Million), 2018-2028
Figure 25: The Middle East & Africa Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028
Figure 26: The Middle East & Africa Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028
Figure 27: The Middle East & Africa Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028
Figure 28: Global Biomass Briquettes Market Share Analysis, 2021

List Of Tables

Table 1: Global Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028
Table 2: Global Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028
Table 4: Global Biomass Briquettes Market Size. By Region, By Value (USD Million), 2018-2028
Table 5: North America Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028
Table 6: North America Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028
Table 7: 28 North America Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028
Table 8: Europe Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028
Table 9: Europe Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028
Table 10: 40 Europe Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028
Table 11: The Asia-Pacific Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028
Table 12: The Asia-Pacific Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028
Table 13: 52 The Asia-Pacific Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028
Table 14: Latin America Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028
Table 15: Latin America Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028
Table 16: Latin America Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028
Table 17: The Middle East & Africa Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028
Table 18: The Middle East & Africa Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028
Table 19: 76 The Middle East & Africa Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028
Table 20: List of Key Players and Their Offerings
Table 21: Competitive Benchmarking, by Operating Parameters
Table 26 German Pellets Company Overview
Table 27 German Pellets Financial Overview
Table 24 Enviva Company Overview
Table 25 Enviva Financial Overview
Table 26 Pinnacle Renewable Energy Group Company Overview
Table 27 Pinnacle Renewable Energy Group Financial Overview
Table 28 Pacific Bioenergy Corporation Company Overview
Table 29 Pacific Bioenergy Corporation Financial Overview
Table 30 Vyborgskaya Cellulose Company Overview
Table 31 Vyborgskaya Cellulose Financial Overview
Table 32 Rentech Company Overview
Table 33 Rentech Financial Overview
Table 34 Graanul Invest Group Company Overview
Table 35 Graanul Invest Group Financial Overview
Table 36 RWE Innogy Company Overview
Table 37 RWE Innogy Financial Overview
Table 38 Lignetics Ltd Company Overview
Table 39 Lignetics Ltd Financial Overview
Table 40 E-pellets Company Overview
Table 41 E-pellets Financial Overview
Table 42 Drax Biomass Company Overview
Table 43 Drax Biomass Financial Overview
Table 44 General Biofuels Company Overview
Table 45 General Biofuels Financial Overview
Table 46 Blue Fire Renewables Company Overview
Table 47 Blue Fire Renewables Financial Overview
Table 48 Pfeifer Group Company Overview
Table 49 Pfeifer Group Financial Overview
Table 50 Biomass Secure Power Company Overview
Table 51 Biomass Secure Power Financial Overview
Table 52 Viridis Energy Company Overview
Table 53 Viridis Energy Financial Overview
Table 54 Energex Company Overview
Table 55 Energex Financial Overview
Table 56 Protocol Energy Company Overview
Table 57 Protocol Energy Financial Overview
Table 58 Agropellets Company Overview
Table 59 Agropellets Financial Overview
Table 60 Granules LG Company Overview
Table 61 Granules LG Financial Overview