The global lignocellulosic biomass market size is estimated to be worth US$ 4,273.9 million in 2024 and is projected to reach a value of US$ 9,057.5 million by 2034, exhibiting a CAGR of 7.8% from 2024 to 2034.
Attributes | Details |
---|---|
Estimated Global Lignocellulosic Biomass Market Size (2024E) | US$ 4,273.9 million |
Projected Lignocellulosic Biomass Market Size (2034F) | US$ 9,057.5 million |
Value-based CAGR (2024 to 2034) | 7.8% |
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Due to the growing interest in sustainable and renewable alternatives to traditional fossil fuels, lignocellulosic biomass is gaining popularity. Biomass utilization is generally considered carbon-neutral as the carbon dioxide emitted during its combustion is almost equal to the amount of carbon dioxide absorbed by the plants during their growth.
This contributes to reducing net greenhouse gas emissions compared to burning fossil fuels, further boosting lignocellulosic biomass market demand.
The demand for biofuels, including cellulosic ethanol and advanced biofuels, is increasing due to concerns about climate change, energy security, and the desire to decrease reliance on conventional gasoline and diesel. Lignocellulosic biomass, with its high cellulose content, is a key feedstock for biofuel production, which further contributes to its higher demand and boosts the global market.
Lignocellulosic biomass is used in a wide range of applications, including bioenergy, biofuels, biochemicals, bioplastics, construction materials, and more. Its versatility makes it suitable for various industries, which is contributing to its widespread adoption.
Companies operating in this market are adopting various strategies to boost the adoption of renewable energy sources.
For instance,
Ongoing advancements in biotechnology, biochemical engineering, and process optimization have improved the efficiency and cost-effectiveness of lignocellulosic biomass conversion technologies. These advances have made biomass-based processes more competitive and commercially viable.
Attributes | Details |
---|---|
Lignocelluslosic Biomass Market CAGR (2019 to 2023) | 5.2% |
The global lignocellulosic biomass market expanded at a CAGR of 5.2% from 2019 to 2023. For the next ten years, the demand for lignocellulosic biomass is forecasted to progress at 7.8% CAGR.
Cellulosic biomass resources are more cost-effective than traditional raw materials used in the materials and composites industry. Its abundant availability, especially agricultural residues and waste materials, significantly reduces production costs for various sectors, increasing the demand for lignocellulosic biomass.
Governments and regulatory bodies in several countries are implementing regulations and providing incentives to promote renewable and sustainable materials. This has increased interest in lignocellulosic biomass as an alternative feedstock, driving its higher demand in the materials and composites industry.
Lignocellulosic materials have exceptional absorbent properties, providing a dry and comfortable environment for animals in their bedding. This is important for maintaining animal health and preventing issues related to damp conditions. Materials made from lignocellulose also help control odors in animal bedding.
This is crucial in confined animal housing, where proper ventilation is a challenge. This is another key factor driving growth in the global lignocellulosic biomass industry.
Advances in processing technologies have made it easier to handle and prepare lignocellulosic materials for animal bedding and feed. For instance, processes such as pelletization or chipping enhance the convenience and effectiveness of using these materials in the agricultural sector.
The growing interest in sustainable and bio-based chemicals is creating lucrative growth opportunities for lignocellulose biomass manufacturers. This biomass can be converted into various biochemicals, bioplastics, and other bioproducts and meet the needs of industries looking for eco-friendly alternatives.
For instance,
Segment | Wood (Source) |
---|---|
Value Share (2024) | 35.7% |
Based on source, the wood segment captured 35.7% of market shares in 2024. The wood source segment is projected to reach a valuation of US$ 2,563 million by 2034.
Segment | Bioenergy Production (Application) |
---|---|
Value Share (2024) | 14.7% |
Based on application, the bioenergy production segment garnered 14.7% of market shares in 2024. The segment is estimated to hit a valuation of US$ 1,485.4 million in 2034.
Countries | Forecast CAGR (2024 to 2034) |
---|---|
United States | 5.0% |
Brazil | 4.5% |
China | 6.5% |
Canada | 4.0% |
Germany | 3.5% |
The demand for lignocellulosic biomass in the United States is projected to rise at a 5.0% CAGR through 2034.
The sales of lignocellulosic biomass in Brazil are estimated to surge at a 4.5% CAGR through 2034.
The lignocellulosic biomass market growth in China is estimated at a 6.5% CAGR through 2034.
The demand for lignocellulosic biomass in China is anticipated to increase at a 4.0% CAGR through 2034.
The sales of lignocellulosic biomass in Australia are estimated to rise at a 3.5% CAGR through 2034.
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The lignocellulosic biomass market is highly competitive, with leading competitors striving for market share and domination. Established corporations, such as energy giants and biofuel manufacturers, are fiercely competing to benefit on the increased demand for renewable energy sources.
These sector giants use their strong financial positions, broad distribution networks, and technical skill to maintain a competitive edge and grow their presence in critical regions. Furthermore, the industry is seeing the rise of creative startups and specialized businesses focusing in advanced bioenergy technologies, troubling traditional corporate structures and challenging incumbents.
Most lignocellulosic biomass manufacturers use strategies such as mergers & acquisitions, partnerships, distribution agreements, collaborations, and advertisements to gain a competitive edge in the market.
Recent Developments
Attribute | Details |
---|---|
Market Size Value in 2024 | US$ 4,273.9 million |
Market Forecast Value in 2034 | US$ 9,057.5 million |
Anticipated Growth Rate (2024 to 2034) | 7.8% CAGR |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Volume (MT) and Value (US$ million) |
Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
Key Market Segments Covered | Source, Application, and Region |
The lignocellulosic biomass market is valued at US$ 4,273.9 million in 2024.
The global lignocellulosic biomass market value is projected to reach US$ 9,057.5 million by 2034.
The lignocellulosic biomass market is expected to thrive at a CAGR of 7.8% through 2034.
North America is expected to have a leading market share of 20.8% by the end of 2034.
The global lignocellulosic biomass market registered a CAGR of 5.2% from 2019 to 2023.
1. Executive Summary 1.1. Global Outlook 1.2. Segmental Share Analysis 1.3. Dynamics Snapshot 1.4. Wheel of Fortune 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Key Regulations and Policies 4. Value Chain Analysis 4.1. Operating margins at each node of the supply chain 4.2. List of Active Market Participants 5. Global - Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.1.3. Retail level Pricing 5.2. Price Point Assessment By Product 5.3. Price Forecast till 2033 6. Global Size (in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By Source 7.1. Introduction / Key Findings 7.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Source, 2019 to 2023 7.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Source, 2024 to 2034 7.3.1. Wood 7.3.2. Crop Residues 7.3.3. Grass 7.3.4. Agricultural Residues 7.4. Market Attractiveness Analysis By Source 8. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Introduction / Key Findings 8.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Application, 2019 to 2023 8.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Application, 2024 to 2034 8.3.1. Bioenergy Production 8.3.2. Bioproducts 8.3.3. Materials and Composites 8.3.3.1. Construction Materials 8.3.3.2. Bio-based Composites 8.3.4. Animal Feed and Bedding 8.3.5. Soil Amendment and Erosion Control 8.3.6. Biomass Power Generation 8.4. Market Attractiveness Analysis By Application 9. Global Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. Introduction 9.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023 9.3. Current Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia 9.3.6. Oceania 9.3.7. Middle East & Africa 9.4. Market Attractiveness Analysis By Region 9.5. Key Takeaways 10. North America Analysis 2019 to 2023 and Forecast 2024 to 2034 10.1. Introduction 10.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 10.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 10.3.1. By Country 10.3.1.1. United States 10.3.1.2. Canada 10.3.2. By Source 10.3.3. By Application 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Source 10.4.3. By Application 10.5. Key Takeaways 11. Latin America Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. Brazil 11.3.1.2. Mexico 11.3.1.3. Argentina 11.3.1.4. Rest of Latin America 11.3.2. By Source 11.3.3. By Application 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Source 11.4.3. By Application 11.5. Key Takeaways 12. Europe Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. United Kingdom 12.3.1.3. France 12.3.1.4. Italy 12.3.1.5. Spain 12.3.1.6. BENELUX 12.3.1.7. Nordic 12.3.1.8. Russia 12.3.1.9. Poland 12.3.1.10. Rest of Europe 12.3.2. By Source 12.3.3. By Application 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Source 12.4.3. By Application 12.5. Key Takeaways 13. East Asia Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. China 13.3.1.2. Japan 13.3.1.3. South Korea 13.3.2. By Source 13.3.3. By Application 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Source 13.4.3. By Application 13.5. Key Takeaways 14. South Asia Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Thailand 14.3.1.3. Malaysia 14.3.1.4. Indonesia 14.3.1.5. Singapore 14.3.1.6. Vietnam 14.3.1.7. Philippines 14.3.1.8. Rest of South Asia 14.3.2. By Source 14.3.3. By Application 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Source 14.4.3. By Application 14.5. Key Takeaways 15. Oceania Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. Australia 15.3.1.2. New Zealand 15.3.2. By Source 15.3.3. By Application 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Source 15.4.3. By Application 15.5. Key Takeaways 16. MEA Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. GCC Countries 16.3.1.2. Turkey 16.3.1.3. Egypt 16.3.1.4. South Africa 16.3.1.5. Rest of MEA 16.3.2. By Source 16.3.3. By Application 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Source 16.4.3. By Application 16.5. Key Takeaways 17. Country-level Analysis, 2024 17.1. United States Market Analysis 17.1.1. By Source 17.1.2. By Application 17.2. Canada Market Analysis 17.2.1. By Source 17.2.2. By Application 17.3. Brazil Market Analysis 17.3.1. By Source 17.3.2. By Application 17.4. Mexico Market Analysis 17.4.1. By Source 17.4.2. By Application 17.5. Argentina Market Analysis 17.5.1. By Source 17.5.2. By Application 17.6. Germany Market Analysis 17.6.1. By Source 17.6.2. By Application 17.7. United Kingdom Market Analysis 17.7.1. By Source 17.7.2. By Application 17.8. France Market Analysis 17.8.1. By Source 17.8.2. By Application 17.9. Italy Market Analysis 17.9.1. By Source 17.9.2. By Application 17.10. Spain Market Analysis 17.10.1. By Source 17.10.2. By Application 17.11. Belgium Market Analysis 17.11.1. By Source 17.11.2. By Application 17.12. Netherlands Market Analysis 17.12.1. By Source 17.12.2. By Application 17.13. Nordic Market Analysis 17.13.1. By Source 17.13.2. By Application 17.14. Russia Market Analysis 17.14.1. By Source 17.14.2. By Application 17.15. Poland Market Analysis 17.15.1. By Source 17.15.2. By Application 17.16. China Market Analysis 17.16.1. By Source 17.16.2. By Application 17.17. Japan Market Analysis 17.17.1. By Source 17.17.2. By Application 17.18. South Korea Market Analysis 17.18.1. By Source 17.18.2. By Application 17.19. India Market Analysis 17.19.1. By Source 17.19.2. By Application 17.20. Thailand Market Analysis 17.20.1. By Source 17.20.2. By Application 17.21. Malaysia Market Analysis 17.21.1. By Source 17.21.2. By Application 17.22. Vietnam Market Analysis 17.22.1. By Source 17.22.2. By Application 17.23. Philippines Market Analysis 17.23.1. By Source 17.23.2. By Application 17.24. Indonesia Market Analysis 17.24.1. By Source 17.24.2. By Application 17.25. Singapore Market Analysis 17.25.1. By Source 17.25.2. By Application 17.26. Australia Market Analysis 17.26.1. By Source 17.26.2. By Application 17.27. New Zealand Market Analysis 17.27.1. By Source 17.27.2. By Application 17.28. GCC Countries Market Analysis 17.28.1. By Source 17.28.2. By Application 17.29. Turkey Market Analysis 17.29.1. By Source 17.29.2. By Application 17.30. Egypt Market Analysis 17.30.1. By Source 17.30.2. By Application 17.31. South Africa Market Analysis 17.31.1. By Source 17.31.2. By Application 18. Market Structure Analysis 18.1. Global Competition - a Dashboard View 18.2. Industry Structure Analysis 18.2.1. % tier 1 market players 18.2.2. % tier 2 market players 18.2.3. % tier 3 market players 18.3. Global Company Share Analysis 18.3.1. For Tier 1 Market Players, 2023 18.3.2. Company Market Share Analysis of Top 5 Players, By Region 18.4. Key Participants Market Presence (Intensity Mapping) by Region 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. Ecovia Renewables 19.3.1.1. Product Portfolio 19.3.1.2. Product Claim 19.3.1.3. Revenue by Market Segments (Product/ channel/Region) 19.3.1.4. Sales Footprint 19.3.1.5. Strategy Overview 19.3.1.5.1. Marketing Strategy 19.3.1.5.2. Product Strategy 19.3.1.5.3. Channel Strategy 19.3.1.6. SWOT Analysis 19.3.2. Versalis 19.3.3. ETIP Bioenergy 19.3.4. The Dow Chemical Company 19.3.5. Nippon Paper Group 19.3.6. Fortum 19.3.7. Circa 19.3.8. LyondellBasell 19.3.9. Novozymes 19.3.10. Fulcrum Bioenergy 19.3.11. Other Players (On Additional Requests) 20. Assumptions and Acronyms Used 21. Research Methodology
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