Global Biomass Briquettes Market Insights Forecasts to 2033

• The Global Biomass Briquettes Market Size was Valued at USD 896.67 Million in 2023
• The Market Size is Growing at a CAGR of 7.67% from 2023 to 2033
• The Worldwide Biomass Briquettes Market Size is Expected to Reach USD 1876.84 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Biomass Briquettes Market Size is Anticipated to Exceed USD 1876.84 Million by 2033, Growing at a CAGR of 7.67% from 2023 to 2033.

Market Overview

Biomass is the most used fuel for boilers, food preparation, and heating applications. The use of biomass fuel poses no significant damage to the environment. Briquetting is the process of improving the properties of biomass as a renewable energy resource through densification. Compressed organic matter blocks known as biomass briquettes are a clean, renewable fuel substitute. They provide an economical and ecologically beneficial energy source and a sustainable means of utilizing waste from forestry and agriculture. The biomass briquette can be used to produce briquettes from a variety of powdered biomass materials, including sugarcane, rice husk, and agricultural straw, leftovers from various woods, paper, alcohol plants, and textile factories. The final briquette's function is to serve as fuel for boilers and stoves. Biomass compared to coal, briquettes, and pellet plants is more environmentally friendly and burns more efficiently. The utilization of biomass briquettes is actively encouraged by the Indian government through several programs and subsidies for biomass briquettes in India, such as the Ministry of New and Renewable Energy (MNRE) offers a Central Financial Assistance (CFA) initiative to help enterprises establish briquette/pellet manufacturing units. Policy support government develops policies to promote the utilization of biomass briquettes in businesses such as power generation and brick kilns, hence increasing market opportunity. The growing need for sustainable energy worldwide is expected to drive growth in the biomass briquette market.

Report Coverage

This research report categorizes the market for the biomass briquettes market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the biomass briquettes market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the biomass briquettes market.

Driving Factors

The market for biomass briquettes is expanding due to growing environmental concerns brought on by the world's increasing pollution. The market is being driven by the availability of inexpensive raw materials and the advantages that biomass briquettes offer, such as consistent combustion at a high density and reduced emissions. Promoting the use of renewable energy sources, such as biomass briquettes, has been the focus of numerous policies and incentives enacted by governments. Along with promoting rural development and reducing poverty, this generates employment opportunities. Growth in the biomass briquette market is expected to be driven by these factors.

Restraining Factors

The market is being limited by the insufficient energy production of biomass briquettes in comparison to other industrial fuels. Law of consumer knowledge of the advantages and uses of biomass briquettes in various situations. Hence, it is hampering the market growth.

Market Segmentation

The biomass briquettes market share is classified into type and application.

• The sawdust biomass briquette segment is anticipated to grow at the highest CAGR during the forecast period.

Based on the type, the biomass briquettes market is categorized into sawdust biomass briquette, agromass biomass briquette, and wood biomass briquette. Among these, the sawdust biomass briquette segment is anticipated to grow at the highest CAGR during the forecast period. The growth is a highly beneficial and adaptable byproduct of the expanding wood processing sector. One of the main drivers of expansion in the wood processing sector is the increasing number of stringent rules about waste produced by operations.

• The power generation segment accounted for the largest revenue share over the forecast period.

Based on the application, the biomass briquettes market is categorized into power generation, thermal energy, and others. Among these, the power generation segment accounted for the largest revenue share over the forecast period. The need for power generation applications was greatest because of the growing focus on producing clean energy and lowering reliance on the fuel that is typically used. Meanwhile, there are increasing investments being made in the manufacturing of biomass briquettes fuels are easy to create and have no adverse effects on the environment.

Regional Segment Analysis of the Biomass Briquettes Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the largest share of the biomass briquettes market over the predicted timeframe.

Europe is projected to hold the largest share of the biomass briquettes market over the forecast period. This dominance is due to the primary driver of growth, the increasing trend in European countries toward the production and use of clean, green energy. Europe is making a concerted effort to lessen its reliance on fossil fuels despite rising costs and fluctuating fuel supply. Many biomass briquette makers are located in the area, and the fuel produced from them is widely utilized in large-scale power production projects.

Asia Pacific is expected to grow at the fastest CAGR growth in the biomass briquettes market during the forecast period. Biomass briquette fuel has been produced in Japan for a long time. Yet, rising technological advancements in China in the manufacturing of biomass fuel and stepped-up initiatives by the Indian government to encourage the use of biomass briquette fuel are anticipated to support regional expansion. Bharat Aluminium Company Limited (BALCO) declared in July 2022 that it would power thermal energy using biomass briquettes.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the biomass briquettes market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players

• German Pellets GmbH
• Pinnacle Renewable Energy Inc.
• Appalachian Wood Pellets LLC.
• Premium Pellet Ltd.
• Pacific BioEnergy Corporation
• Biomass Secure Power Inc.
• Balcas Energy
• Viridis Energy Inc.
• Ecomax Energy Services Ltd.
• DiRenzo Coal Co. LLC
• Drax Group plc
• Rentech Inc.
• Biomass Briquette Systems LLC
• Energex Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2024, ProcMart announced a strategic partnership with regional suppliers in the development of biomass pellets and briquettes. ProcMart's dedication to sustainable business practices is demonstrated by this initiative, which also strengthens the company's leadership in holistic sourcing solutions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the biomass briquettes market based on the below-mentioned segments: 

Global Biomass Briquettes Market, By Type

• Sawdust Biomass Briquette
• Agromass Biomass Briquette
• Wood Biomass Briquette

Global Biomass Briquettes Market, By Application

• Power Generation
• Thermal Energy
• Others

Global Biomass Briquettes Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa