Biomass Market Research Report by Feedstock (Food Crop, Non-Food Crop, Wood, Agricultural Residue, Municipal Solid Waste, Microalgae, Others), by Technology [Combined Heat and Power (CHP), Anaerobic Digestion, and Gasification, Co-Firing, Landfill Gas], b

The global biomass market stood at USD 56,886.3 million in 2021 and is likely to reach USD 423,061.9 million by the year 2050. Biomass is organic material from plants and animals, used as a renewable energy source. It can be burned or converted to produce heat, electricity, or fuel.

The growing concern over climate change has made reducing greenhouse gas emissions a top priority, making biomass energy a promising solution. As it relies on organic waste and natural materials, biomass presents an eco-friendly alternative to fossil fuels. Using biomass widely is hard because it costs a lot to build the needed systems, and getting raw materials and moving them is not easy.

At the same time, there is rising optimism in the market, thanks to government incentives and favorable policies encouraging investment in biomass technology. These measures aim to make the industry more accessible and commercially viable. Also, other green energy sources like solar and wind are simpler to set up and get more attention. So, unless biomass becomes cheaper and better, it will be tough to compete.

Market Segmentation Insights
The global biomass market is segmented based on the technology, including combined heat and power (CHP), anaerobic digestion, gasification, co-firing, and landfill gas.
In terms of feedstock, the global market is classified into food crop, non-food crop, wood, agricultural residue, municipal solid waste, microalgae, and others.
Depending on the product, the global market is divided into biodiesel, biomethanol, biogas, and others.
Industrial, commercial, and residential are part of the end use of the global biomass market.

Regional Perspectives
North America is experiencing consistent growth in biomass energy, driven by favorable policies and an increasing push for renewable sources. The U.S. and Canada are leading with projects that convert waste and crops into biofuels and electricity.
Europe is a major player in the global biomass market, and the reason behind this is strong climate regulations and emphasis on renewable energy sources. The region is moving toward sustainability with the given support to the promotion of cutting-edge biomass technologies by nations like Germany, France, and the UK.
Asia Pacific is one of the fastest-growing regions in the biomass sector. Countries like India and China are investing in bio-based energy to handle growing consumption and reduce dependence on fossil fuels. Government incentives and local resources are further aiding expansion.
The Middle East & Africa are seeing early developments in biomass adoption. Nations like South Africa and the Gulf region are gradually exploring how agricultural and organic waste can help power rural and semi-urban communities.
Latin America holds promise, especially with Brazil and Mexico using agricultural residues for energy. The availability of raw materials makes it feasible to convert biomass into useful energy, especially in regions with limited access to conventional power sources.

Major Competitors
Key Competitors in the global biomass market are Babcock & Wilcox Enterprises, Inc., Drax Group, Orsted A/S, Dalkia, EnviTec Biogas AG, Ameresco Inc., MVV Energie AG, Mitsubishi Heavy Industries, Ltd., Vattenfall AB, and Statkraft AS. Show more