Bulk Biomass Briquette Fuel Market Report 2024 (Global Edition)

Global Bulk Biomass Briquette Fuel Market Report 2024 Market Size Split by Type (Bulk Biomass Briquette, Biomass Pellet), by Application (Power Generation, Residential & Commercial Heating, Industrial...

Bulk Biomass Briquette Fuel Market Report Description

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Bulk Biomass Briquette Fuel Market Insights Video

Competitive Landscape of the Bulk Biomass Briquette Fuel Market

In the competitive landscape of the bulk biomass briquette fuel market, various producers compete for market share through innovation, pricing strategies, and distribution networks. Companies focus on enhancing production efficiency and sustainability while meeting evolving consumer demands for eco-friendly energy solutions. Additionally, partnerships with suppliers and distributors play a crucial role in expanding market reach and ensuring a competitive edge.

In November 2022, the Ministry of New and Renewable Energy (MNRE) extended the National Bioenergy Programme till 2025–2026, with an INR 858 crore budget for the first phase. It aims to utilize cattle dung, biomass, and urban waste for energy recovery, emphasizing India's green sector focus. (Source: https://www.pwc.in/research-and-insights-hub/fuelling-indias-future-with-bioenergy.html) In April 2024, Bitech Technologies Corporation, specializing in green energy solutions, completed its acquisition of Emergen Energy LLC. The deal includes a portfolio of around 5.8 GW of power across battery energy storage systems (BESS) and solar projects, facilitating sustainable growth.

(Source: https://www.prnewswire.com/news-releases/bitech-technologies-and-bridgelink-merge-to-conquer-us-battery-energy-storage-and-solar-markets-prepare-to-uplist-on-nasdaq-302125927.html)

Top Companies Market Share in Bulk Biomass Briquette Fuel Industry: (In no particular order of Rank)

• German Pellets
• Enviva
• Pinnacle Renewable Energy Group
• Pacific BioEnergy Corporation
• Vyborgskaya Cellulose
• Rentech
• Graanul Invest Group
• RWE Innogy
• Lignetics
• E-pellet
• Drax Biomass
• General Biofuels
• BlueFire Renewables
• Pfeifer Group
• Biomass Secure Power
• Viridis Energy
• Westervelt
• Energex
• Fram Renewable Fuels
• Protocol Energy
• Premium Pellet Ltd.
• Granules LG
• Enova Energy Group
• Corinith Wood Pellets
• Maine Woods Pellet
• Appalachian Wood Pellets
• Bear Mountain Forest Prod
• Agropellets
• West Oregon Wood Prod
• Bayou Wood Pellets
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Bulk Biomass Briquette Fuel Market

Which Region Dominates the Bulk Biomass Briquette Fuel Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The region's abundant biomass resources, including agricultural residues and forest residues, contribute to the expansion of the market. Bulk biomass briquette fuel offers a cleaner alternative to traditional fossil fuels, attracting industries, commercial entities, and households alike. With increasing awareness of carbon footprint reduction and renewable energy adoption, the North American market for bulk biomass briquette fuel is poised for further growth and innovation.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region stands as the fastest-growing market for bulk biomass briquette fuel. With burgeoning energy needs and increasing environmental consciousness, the demand for sustainable alternatives like biomass briquettes is rising. Governments and industries are investing in renewable energy sources, propelling the market forward. Biomass briquettes offer an eco-friendly solution derived from organic materials that reduce carbon emissions. Their versatility and cost-effectiveness further contribute to their popularity. As the region embraces cleaner energy options, the bulk biomass briquette fuel market in the Asia Pacific continues to experience remarkable growth.

The current report Scope analyzes Bulk Biomass Briquette Fuel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Bulk Biomass Briquette Fuel Market

According to Cognitive Market Research, the global bulk biomass briquette fuel market size was estimated at USD 9458.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3783.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the bulk biomass briquette fuel market, with a market size of USD 2985.01 million in 2024, and is projected to grow at a CAGR of 6.0% during the forecast period. The US commands a significant portion of the market, driven by robust demand for sustainable heating solutions and supportive government policies.
• The Canada bulk biomass briquette fuel market had a market share of USD 453.99 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's growing trend in the market is spurred by its commitment to sustainable practices and the expansion of renewable energy initiatives.
• The Mexico bulk biomass briquette fuel market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 344.28 million in 2024

Europe Bulk Biomass Briquette Fuel Market

According to Cognitive Market Research, the global bulk biomass briquette fuel market size was estimated at USD 9458.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2837.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom's bulk biomass briquette fuel market had a market share of USD 476.69 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. The UK commands a substantial portion of the market, driven by renewable energy policies and a growing focus on sustainable heating solutions.
• The France bulk biomass briquette fuel market is projected to grow at a CAGR of 5.7% during the forecast period, reaching a market size of USD 261.05 million in 2024.
• According to Cognitive Market Research, the German bulk biomass briquette fuel market size was valued at USD 561.82 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Germany experiences notable growth in the bulk biomass briquette fuel market, fueled by strong government support, increasing environmental awareness, and a shift towards sustainable energy solutions.
• The Italy bulk biomass briquette fuel market is projected to grow at a CAGR of 5.9% during the forecast period, reaching a market size of USD 244.02 million in 2024.
• The Russian bulk biomass briquette fuel market is projected to grow at a CAGR of 5.5% during the forecast period, reaching a market size of USD 439.81 million in 2024.
• The Spanish bulk biomass briquette fuel market is projected to grow at a CAGR of 5.6% during the forecast period, reaching a market size of USD 232.67 million in 2024.
• The Luxembourg bulk biomass briquette fuel market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 87.96 million in 2024.
• The Portugal bulk biomass briquette fuel market is projected to grow at a CAGR of 6.3% during the forecast period, reaching a market size of USD 59.59 million in 2024.
• The Greece bulk biomass briquette fuel market is projected to grow at a CAGR of 6.8% during the forecast period, reaching a market size of USD 34.05 million in 2024.
• The rest of Europe's bulk biomass briquette fuel market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 439.81 million in 2024

Asia Pacific Bulk Biomass Briquette Fuel Market

According to Cognitive Market Research, the global bulk biomass briquette fuel market size was estimated at USD 9458.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2175.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China bulk biomass briquette fuel market size was valued at USD 978.92 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. China commands a significant share of the bulk biomass briquette fuel market due to its large population and focus on sustainable development.
• The Japan bulk biomass briquette fuel market is projected to grow at a CAGR of 8.5% during the forecast period, reaching a market size of USD 300.20 million in 2024.
• The India bulk biomass briquette fuel market had a market share of USD 261.05 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India secures a prominent share in the market, driven by its focus on renewable energy and sustainable practices.
• The South Korean bulk biomass briquette fuel market is projected to grow at a CAGR of 9.1% during the forecast period, reaching a market size of USD 217.54 million in 2024.
• The Australian bulk biomass briquette fuel market is projected to grow at a CAGR of 9.7% during the forecast period, reaching a market size of USD 113.12 million in 2024.
• The Southeast Asia bulk biomass briquette fuel market is projected to grow at a CAGR of 11.0% during the forecast period, reaching a market size of USD 150.10 million in 2024.
• The Rest of the Asia Pacific bulk biomass briquette fuel market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 154.45 million in 2024

South America Bulk Biomass Briquette Fuel Market

According to Cognitive Market Research, the global bulk biomass briquette fuel market size was estimated at USD 9458.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 472.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil bulk biomass briquette fuel market was valued at USD 202.41 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Brazil emerges as a dominant player in the market, leveraging abundant natural resources and sustainable energy initiatives.
• The Argentina bulk biomass briquette fuel market had a market share of USD 79.45 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina experiences a growing demand for bulk biomass briquette fuel due to its focus on renewable energy and sustainable development initiatives.
• The Colombia bulk biomass briquette fuel market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 42.09 million in 2024.
• The Peru bulk biomass briquette fuel market is projected to grow at a CAGR of 7.6% during the forecast period, reaching a market size of USD 38.78 million in 2024.
• The Chile bulk biomass briquette fuel market is projected to grow at a CAGR of 7.7% during the forecast period, reaching a market size of USD 34.05 million in 2024.
• The Rest of the Latin America bulk biomass briquette fuel market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 76.14 million in 2024. 

Middle East and Africa Bulk Biomass Briquette Fuel Market

According to Cognitive Market Research, the global bulk biomass briquette fuel market size was estimated at USD 9458.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 189.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

• The GCC countries' bulk biomass briquette fuel market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 80.96 million in 2024. GCC countries, with their focus on sustainable development and diversification of energy sources, hold a significant share of the market.
• The Egypt Bulk biomass briquette fuel market is projected to grow at a CAGR of 8.0% during the forecast period, reaching a market size of USD 19.86 million in 2024.
• The South African bulk biomass briquette fuel market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 29.89 million in 2024. South Africa experiences a surge in bulk biomass briquette fuel sales due to its commitment to sustainability and renewable energy initiatives.
• The Turkey Bulk biomass briquette fuel market is projected to grow at a CAGR of 7.2% during the forecast period, reaching a market size of USD 16.27 million in 2024.
• The Nigeria Bulk biomass briquette fuel market is projected to grow at a CAGR of 6.8% during the forecast period, reaching a market size of USD 19.86 million in 2024.
• The Rest of the MEA Bulk biomass briquette fuel market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 22.32 million in 2024

Bulk Biomass Briquette Fuel Market Analysis

Bulk Biomass Briquette Fuel Market Type Segment Analysis

According to Cognitive Market Research, bulk biomass briquette holds a major share in the biomass briquette fuel market due to its cost-effectiveness, ease of handling, and efficient combustion properties. These briquettes, derived from organic materials like wood chips, sawdust, agricultural residues, and other biomass sources, are compressed into dense, uniform shapes for convenient transportation and storage. With growing awareness of environmental sustainability and the increasing demand for renewable energy sources, the bulk biomass briquette sector is poised for significant expansion, offering a promising solution for both energy needs and waste management.

The biomass pellets market is emerging as the fastest-growing segment within the bulk biomass briquette fuel market. These pellets, typically made from organic materials such as wood, agricultural residues, or even industrial waste, offer a convenient and sustainable energy solution. Their popularity stems from their efficient burning properties and reduced emissions compared to traditional fossil fuels. With increasing focus on renewable energy sources and environmental concerns, biomass pellets are gaining traction in various industries, including power generation, heating, and cooking. This trend underscores a significant shift towards cleaner and greener energy alternatives worldwide.

• Bulk Biomass Briquette
• Biomass Pellet

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Bulk Biomass Briquette Fuel Industry. Request a Free Sample PDF!

Bulk Biomass Briquette Fuel Market Application Segment Analysis

According to Cognitive Market Research, residential and commercial heating currently commands a significant share in the bulk biomass briquette fuel market. This dominance underscores the growing recognition of biomass briquettes as a sustainable and efficient heating solution. With increasing concerns about environmental impact and the need for renewable energy sources, biomass briquettes offer a compelling alternative to traditional fuels. Their versatility and eco-friendly nature position them as a key player in the transition towards greener energy solutions. As demand continues to rise, the market outlook for bulk biomass briquette fuel remains promising.

The power generation sector is witnessing the fastest growth, with a notable surge in demand. Simultaneously, the bulk biomass briquette fuel market is gaining momentum, offering a sustainable alternative to traditional fuels. Biomass briquettes, derived from organic materials such as agricultural residues or forest waste, present an eco-friendly solution for energy needs. Their popularity stems from their renewable nature and lower carbon footprint compared to fossil fuels. As environmental concerns intensify and renewable energy sources become increasingly sought after, the bulk biomass briquette fuel market is poised for further expansion, driving innovation and sustainability in the energy sector.

• Power Generation
• Residential & Commercial Heating
• Industrial Boilers
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Bulk Biomass Briquette Fuel End-User Segment Analysis

According to Cognitive Market Research, households are essential in driving the bulk biomass briquette fuel market, claiming a significant share. These consumers recognize the economic and environmental advantages of biomass briquettes, leveraging them as a sustainable alternative to traditional fuels. The market's growth is propelled by heightened awareness of climate change and the pressing need for renewable energy sources. Additionally, technological advancements in biomass briquette production have enhanced their efficiency and affordability, further stimulating demand among households seeking eco-friendly energy solutions. This collective shift towards biomass briquettes underscores a broader commitment to sustainability and resource conservation.

The industries sector has emerged as the fastest-growing bulk biomass briquette fuel market segment. With increasing awareness of sustainability and a shift towards eco-friendly energy sources, industries are turning to biomass briquettes as a viable alternative to conventional fuels. These briquettes, made from organic materials such as agricultural residues and forestry waste, offer a cost-effective and environmentally friendly fuel solution. Their efficient combustion and lower emissions make them particularly attractive to industries aiming to reduce their carbon footprint. As demand continues to surge, the bulk biomass briquette fuel market is poised for significant growth in the coming years.

• Households
• Utilities
• Industries
• Institutions

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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