Solid Biomass Feedstock Market Research Report: By Feedstock Type (Wood Biomass, Agricultural Biomass, Industrial Biomass), By Application (Power Generation, Heat and Steam Generation, Biofuel Production), By Form (Pellets, Briquettes, Chips, Logs), By End-User Industry (Residential, Commercial, Industrial, Utilities) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032.

Solid Biomass Feedstock Market Overview

As per MRFR analysis, the Solid Biomass Feedstock Market Size was estimated at 88.04 (USD Billion) in 2022.The Solid Biomass Feedstock Market Industry is expected to grow from 90.46(USD Billion) in 2023 to 115.54 (USD Billion) by 2032. The Solid Biomass Feedstock Market CAGR (growth rate) is expected to be around 2.75% during the forecast period (2024 - 2032).

Key Solid Biomass Feedstock Market Trends Highlighted

The increasing demand for sustainable and renewable energy sources is a key driver of the solid biomass feedstock market. The growing awareness of the environmental impact of fossil fuels, combined with government incentives and regulations, has led to a significant shift towards biomass-based energy production.Furthermore, the rising prices of fossil fuels have made biomass a more cost-effective alternative for many industries, including power generation, heating, and transportation. The availability of abundant biomass resources, such as agricultural residues, wood waste, and animal manure, further supports the market growth.Recent trends in the solid biomass feedstock market include the development of advanced technologies for biomass conversion, such as gasification and torrefaction, which improve fuel efficiency and reduce emissions. Additionally, the growing adoption of sustainable forestry practices and the establishment of sustainable biomass supply chains are shaping the market. These factors contribute to the increasing competitiveness of solid biomass feedstock as a reliable and sustainable energy source in the global energy landscape.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Solid Biomass Feedstock Market Drivers

Increasing Demand for Renewable Energy Sources

The global solid biomass feedstock market is primarily driven by the increasing demand for renewable energy sources. Solid biomass, which includes wood, agricultural residues, and energy crops, is a sustainable and carbon-neutral source of energy that can be used for generating electricity, heat, and biofuels. As part of the broader shift towards cleaner energy sources, many countries around the world have been experiencing growing demand for solid biomass feedstock.Moreover, the urgency of addressing the climate change challenge and the diminishing supplies of fossil fuels are adding to the pace of the renewable energy transition, including the adoption of solid biomass. At the same time, governments and international regulatory bodies have been increasingly endorsing the use of renewable energy sources and biomass in particular, which serves to stimulate the market further. Several key factors affecting the solid biomass feedstock market include government policies and regulations, technological advancements, and economic conditions.The demand for solid biomass is expected to continue growing in the future in part due to the greater emphasis on the use of renewable energy sources across various economic sectors worldwide and among consumers. At the same time, the solid biomass feedstock market also benefits from increasing investments in research and development, which contribute to the creation of more efficient and cost-effective solutions for utilizing biomass. In addition, the utilization of biomass for industrial purposes is also increasing along with the growing number of biomass-fueled power plants.In conclusion, the solid biomass feedstock market will continue to grow in the future due to greater demand for renewable energy sources and ongoing global transition towards a more sustainable energy mix.

Government Incentives and Regulations

The Global Solid Biomass Feedstock Market Industry is driven by government incentives and regulations. Governments worldwide are adopting various policies and regulations to encourage renewable sources of energy. Solid biomass is one of the renewable sources of energy, and it is used to reduce carbon dioxide emissions, enhance energy security, and create a sustainable energy sector. Incentives such as tax credits, feed-in tariffs, and subsidies are given to businesses and individuals who invest in renewable sources of energy, including solid biomass.There are also regulations such as renewable portfolio standards and carbon pricing mechanism that make it compulsory to use a certain percentage of renewable sources of energy, including solid biomass. Anyone who does not meet the required limit of using renewable sources of energy is penalized, and this increases the demand for solid biomass feedstock.

Technological Advancements and Innovations

Technological advancements and innovations are essential growth promoters of any Global Solid Biomass Feedstock Market Industry. These long-term market trends explain the continued growth of the use of biomass as an energy source as technology advances. Ongoing research and development in the field of technology are giving impetus to the emergence of new and more effective and cost-effective technologies to employ biomass. These technologies can be associated with better methods of harvesting biomass, new conversion technologies, and improved forms of storing and transporting biomass.The same as other technologies that have facilitated the use of biomass as an energy source, pyrolysis and gasification facilitate the conversion of the resource into biofuel, chemicals, bioplastics, and biochar. The described technologies have also been instrumental in reducing the environmental impact of the use of biomass making it an energy source that can compete in sustainability with other types of fuel.

Solid Biomass Feedstock Market Segment Insights:

Solid Biomass Feedstock Market Feedstock Type Insights

The Global Solid Biomass Feedstock Market is segmented by Feedstock type as wood biomass, agricultural biomass, and industrial biomass. Wood biomass holds the dominating position in the market and is likely to account for over 55% of the global market share by 2023. The market demand for wood biomass is driven by the widespread availability and cheap costs. Various power generation and heat production use wood biomass market. Agricultural biomass is another important segment and is likely to account for approximately 30% of the market share. Increased market adoption of better sustainment of agricultural practices and the priority for clean energy source demand is driving the market.It includes crop residues, animal manures, and other waste materials in organic form. Industrial biomass is a smaller segment and is likely to grow significantly in the coming years. It comprises of wastes from forestry, manufacturing, and other industries. The high potential for power generation and market current concern for wastes is expected to drive the market. The Global Solid Biomass Feedstock Market is driven by the growing demand for removing the dependence on non-renewable resources and global concerns for the environment.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Solid Biomass Feedstock Market Application Insights

The Global Solid Biomass Feedstock Market segmentation by application is categorized into Power Generation, Heat and Steam Generation, and Biofuel Production. Power Generation segment held the largest market share in 2023, and it is estimated to continue its dominance throughout the forecast period. The growth of this segment is attributed to the increasing demand for renewable energy sources and efforts to reduce greenhouse gas emissions. Heat and Steam Generation segment is also expected to witness a significant growth rate during the forecast period due to the rising demand for biomass-based heating systems.Biofuel Production segment is anticipated to grow at a steady rate over the forecast period owing to the increasing adoption of biofuels.

Solid Biomass Feedstock Market Form Insights

The Global Solid Biomass Feedstock Market segmentation by form includes Pellets, Briquettes, Chips, and Logs. Among these, Pellets held the largest market share in 2023, accounting for over 45% of the Global Solid Biomass Feedstock Market revenue. Pellets offer several advantages, including high energy density, low moisture content, and ease of handling and transportation. Briquettes, another popular form, are densified biomass materials that are typically made from agricultural or forestry residues. They offer advantages such as improved combustion efficiency and reduced emissions.Chips, which are small pieces of wood, are commonly used in industrial applications, such as power generation and heating. Logs, which are larger pieces of wood, are primarily used for residential heating and cooking. The demand for solid biomass feedstock in various forms is expected to grow in the coming years due to increasing environmental concerns and the need for sustainable energy sources.

Solid Biomass Feedstock Market End-User Industry Insights

The end-user industry segment of the Global Solid Biomass Feedstock Market is classified into residential, commercial, industrial, and utilities. The industrial sector is expected to dominate the market in 2023, accounting for over 40% of the Global Solid Biomass Feedstock Market revenue. The industrial sector uses solid biomass feedstock for various purposes, including power generation, heat production, and manufacturing processes. The residential sector is anticipated to witness significant growth during the forecast period due to increasing adoption of biomass stoves and boilers for heating homes.The commercial sector is projected to grow steadily, driven by rising demand for biomass-based energy in commercial buildings, such as offices, hospitals, and schools. The utilities sector is expected to experience moderate growth, with biomass being used in co-firing applications and as a renewable energy source.

Solid Biomass Feedstock Market Regional Insights

The Global Solid Biomass Feedstock Market is segmented into North America, Europe, APAC, South America, and MEA. The Global Solid Biomass Feedstock Market revenue in 2023 is estimated to be 105.34 (USD Billion), and it is expected to reach 126.47 (USD Billion) by 2032, exhibiting a CAGR of 2.12% during the forecast period. North America and Europe are expected to hold a significant share of the market due to the increasing demand for renewable energy sources and stringent environmental regulations. The APAC region is expected to witness the fastest growth rate during the forecast period due to the increasing demand for biomass-based power generation and the growing awareness of sustainable energy sources.South America and MEA are expected to contribute to the market growth due to the increasing investment in renewable energy projects and the availability of abundant biomass resources.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Solid Biomass Feedstock Market Key Players And Competitive Insights:

In this period when the global economy is being reshaped, it is seen that one of the rising themes is the Solid Biomass Feedstock Market. It is known that major players in the Solid Biomass Feedstock Market are adopting a comprehensive business plan, including product launches, to boost their production capacities, acquire new technology, and form a strategic partnership to maintain a solid grip on the regional and global markets. In addition, Solid Biomass Feedstock Market industry is fiercely competitive, with several prominent Solid Biomass Feedstock Market players taking up a considerable position. The leading players in the Solid Biomass Feedstock Market are making major investments in investigation and development efforts to strengthen their product range and keep their products at the top of the market. In addition, the rise in demand for Solid Biomass Feedstock Market is of the other key factors for developmentDrax Group is one of the leading companies in the Solid Biomass Feedstock Market. In the development and distribution of sustainable biomass materials worldwide, the company is a key player. It is active in the biomass power generation, biomass trading, and wood product development industries. Drax Group operates primarily in the UK, Europe, and the United States. It is dedicated to delivering sustainable and best-in-class imported sustainable biomass products and services, tailored to the needs of its customers.

Another notable company in the Solid Biomass Feedstock Market is Enviva Partners, LP. At this point, it can be said that the firm is a vital competitor in the solid biomass feedstock sector. The company is one of the leading producers of wood pellet for electricity generation worldwide. It has operations in the United States, Canada, and Brazil. The company’s primary customers are large utilities and independent power producers. Enviva Partners, LP’s goal is to offer customers a dependable high-quality wood pellet product.

Key Companies in the Solid Biomass Feedstock Market Include:

• Viterra Inc.


• Graincorp


• Aemetis, Inc.


• Louis Dreyfus Company


• Bunge Limited


• Cargill


• Pinnacle Renewable Energy Inc.


• Drax Group


• Gavilon Group


• COFCO International


• Green Plains Inc.


• Enviva Partners, L.P.


• Archer Daniels Midland Company


• Olam International


• D. Heiskell Company

Solid Biomass Feedstock Market Industry Developments

The global solid biomass feedstock market is expected to reach USD 115.54 billion by 2032, exhibiting a CAGR of 2.75% from 2024 to 2032. The growing demand for renewable energy sources and the increasing awareness of the environmental benefits of biomass are driving the market growth. Government incentives and regulations promoting the use of biomass are also contributing to market expansion.Recent developments in the market include the increasing adoption of advanced biomass conversion technologies, such as gasification and pyrolysis, to improve efficiency and reduce emissions. Additionally, the development of sustainable biomass supply chains and the emergence of new biomass feedstocks, such as algae and agricultural residues, are expected to shape the market landscape in the coming years.

Solid Biomass Feedstock Market Segmentation Insights

Solid Biomass Feedstock Market Feedstock Type Outlook

• Wood Biomass


• Agricultural Biomass


• Industrial Biomass

Solid Biomass Feedstock Market Application Outlook

• Power Generation


• Heat and Steam Generation


• Biofuel Production

Solid Biomass Feedstock Market Form Outlook

• Pellets


• Briquettes


• Chips


• Logs

Solid Biomass Feedstock Market End-User Industry Outlook

• Residential


• Commercial


• Industrial


• Utilities

Solid Biomass Feedstock Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa