Biomass Briquettes Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028, Segmented By Type (Wood Biomass Briquette, Agro Waste Biomass Briquette, Sawdust Biomass Briquette); By Application (Thermal Energy, Power Generation, Others); By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East, and Africa)

  • Published Date: August 2022
  • Report ID: BWC22258
  • Available Format: PDF
  • Page: 240

Report Overview

The growth of the biomass briquettes market can be attributed to the increased demand for biomass briquettes from various sectors, particularly from the industrial applications, combined with attempts to reduce fossil fuel usage. Moreover, the growing concern regarding earth’s rising temperature and fossil-fuel induced emissions have further propelled the demand for biomass briquettes, thus driving their market growth rate.

Global Biomass Briquettes Market - Market Trends & Forecast Report 2028

The global Biomass Briquettes Market was worth USD 429.0 million in 2021, and it is further projected to reach USD 701.5 million by 2028, exhibiting a CAGR of 7.4% during 2022-2028 (forecast period). The growth of the biomass briquettes market can be attributed to the increased demand for biomass briquettes from various sectors, particularly from industrial applications, combined with attempts to reduce fossil fuel usage. Moreover, the growing concern regarding the earth's rising temperature and fossil-fuel-induced emissions have further propelled the demand for biomass briquettes, thus driving their market growth rate.

Biomass Briquettes Market

Biomass Briquettes Overview

A Biomass Briquettes is a formulation made of rice stalks, straw, cotton stalks, bamboo sawdust, wood flour, ramie stalks, peanut husks, and other agricultural and forestry leftovers. After going through many processing methods, such as crushing, drying, mixing, molding, or compressing, it is generated by pellet machines or briquet machines. Pellets and briquettes are the end products that are utilized to replace coal, gasoline, and other traditional fossil fuels. Because the materials utilized are already part of the carbon cycle, biomass molding fuel produces minimal net greenhouse gas emissions compared to fossil fuels.

Global Biomass Briquettes Market Trends

Growth Driver

The Growing Demand for Biomass Briquettes

The key growth reason for the biomass briquettes market is the increased demand for biofuel alternatives in industrial applications, combined with attempts to reduce fossil fuel usage. To combat global warming and rising greenhouse gas emissions, governments and environmental protection agencies are working to minimize the usage of fossil fuels and non-renewable energy sources. Bio-briquettes have been discovered as a stable energy source and a sustainable alternative to coal in industrial heating applications. Other potential advantages of these blocks, such as high combustibility, low residue content, sulfur-free nature, and inexpensive nature, are promoting their utilization in various applications. The use of biomass briquettes is also good for the environment because it eliminates the on-field burning of agricultural wastes by creating a commercial market for their use as fuel. As a result, the biofuel substitutes and biomass briquettes market category is expected to grow throughout the projected period, driving demand for energy and an alternative source for renewable energy sources favorably impacting the entire market.

Growing Concerns Regarding Rising Temperature of the Earth

The earth's temperature has been rising globally over the years, and the main cause is global warming and the emission of harmful pollutants into the surrounding atmosphere. According to a report published by International Panel on Climate Change (IPCC), human-induced warming reached around 1°C (likely between 0.8°C and 1.2°C) above the pre-industrial levels in 2017, swelling at 0.2°C (likely between 0.1°C and 0.3°C) per decade (high confidence). One of the most effective solutions to the problem of global warming is diversifying the clean energy resources while cutting down on the usage of fossil fuels. Since the burning of biomass briquettes does not emit harmful pollutants or does not pose a serious threat to the environment, they are being widely adopted for serving the energy needs across various sectors. Consequently, the requisition for clean energy sources and shifting trends to attain sustainable energy goals are set to drive the market over the forecast period.

Restraints

The Lack of Favourable Policies coupled with Low Awareness Regarding Biomass Briquettes

There is a scarcity of favorable policies for promoting the product as well as the utilization of bio-briquettes across different sectors. The steps taken by the Government to encourage the industries to the diversification of their fuel mix in order to curb harmful emissions have proved inadequate. Moreover, biomass briquettes are not so popular in most areas, thus restricting their usage to certain regions globally. These factors are a major challenge for the growth and expansion of the biomass briquettes market over the forecast period 2022-2028.

Impact of COVID-19 on the Global Biomass Briquettes Market

The unexpected breakout of the COVID-19 pandemic prompted the implementation of strict lockdown measures in most countries, disrupting the supply chains, thus hampering the biomass briquette import and export operations. Various end-use industries had to scale down or completely stop production due to contractual obligations, health and safety measures, resource availability, and project delays or cancellations due to the global pandemic. Moreover, COVID-19 directly impacted production and demand, causing supply chain and market disruption that impacted industrial operations. COVID-19 raised an issue regarding the supply chain of the market. The supply chain collapsed entirely during the pandemic, which affected the biomass briquettes as they suffered logistics issues coupled with plummeted demand for energy generation from industrial sectors. Nevertheless, with the gradual recovery of the global economy, there has been a surge in demand from numerous sectors. Furthermore, the rising adoption of biomass briquettes as a substitute source for cooking fuel is likely to propel green recovery post-Covid-19 pandemic.

Global Biomass Briquettes Market – By Type

The global biomass briquettes market has been segmented into sawdust briquettes, agro-waste briquettes, and wood briquettes based on the type of biomass used. Amidst the segmentation, the agro-waste biomass briquettes segment is the most usual source of bio-briquettes, which accounts for roughly 60% of the total production. Grain husk, groundnut shells, bagasse, and various other farm leftovers are processed into cylindrical blocks by drying, mixing, molding, or compressing in pellet machines. On the other hand, the wood briquettes are expected to exhibit a considerable growth rate over the forecast period. They are a type of fuel manufactured from compacted, dry wood. They're produced from wood waste or by-products that have been machine-compressed into a log or block shape, with or without other additives such as peat, bracken, or coffee. Briquettes made of wood are a low-cost heat source that offers a cost-effective heating source, along with consistent and efficient fires.

Biomass Briquette Market Share

Global Biomass Briquette Market- Regional Insights                                         

Regarding the regional analysis, the global Biomass Briquette market can be segmented into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America. Amidst the segmentation, Europe is likely to dominate the global biomass briquette market over the forecast period. This can be attributed to the extensive usage of biomass briquettes for most European countries' domestic and industrial energy requirements. The Europe region is an abode for most of the world's large corporations. Countries including Hungary, Poland, and Austria account for the maximum consumption. Moreover, the abundance of biomass residues in these countries has resulted in greater production of biomass briquettes, thus supporting the huge and prolific market in the region.

Competitive Landscape

The global biomass briquettes market is characterized by many local, regional, and global vendors. The key players operating in the global biomass briquettes market are German Pellets, Enviva, Pinnacle Renewable Energy Group, Pacific Bioenergy Corporation, Vyborgskaya Cellulose, Rentech, Graanul Invest Group, RWE Innogy, Lignetics, E-pellets, Drax Biomass, General Biofuels, Blue Fire Renewables, Pfeifer Group, Biomass Secure Power, Viridis Energy, Energex, Protocol Energy, Agropellets, Granules LG and other prominent players. The players maintain their dominance in the market by investing in research and development activities, integrating the latest and advanced technologies into their products, and launching improved products for the customers.

 

Recent Developments

 

  • July 2022:  Bharat Aluminium Company Limited (BALCO) in Chhattisgarh's power hub Korba commenced greenifying its fuel mix for the purpose of thermal power generation using biomass briquettes. This initiative is aimed at minimizing the damaging effect on the environment. The company is using roughly 50 tonnes of biomass briquettes per day to cut down its dependence on fossil fuels and intensify the quantum of biomass consumption. The company intends to decrease BALCO's greenhouse gas (GHG) emission by around 4.3 lakh tonnes of carbon dioxide yearly, thus attaining the net-zero carbon emissions target by 2050 through this initiative.
  • January 2022: In Sweden, biomass-fired district energy supplier Solör Bioenergy Group (Solör) has revealed that it has taken the concluding step in the attainment of SEVAB Calor Fjärrvärme AB (SEVAB), a municipal district energy business in Strängnäs. SEVAB has been given a new name Solör Bioenergi Strängnäs AB with Group subsidiary Solör Bioenergi Fjärrvärme AB as 80% owner. The municipality still retains a 20% share via Strängnäs Kommunföretag AB.

 

Scope of Report

     

Attribute Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Market Coverage United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa
Product/Service Segmentation By type, by application and by region
Key Players The key players operating in the global biomass briquettes market are German Pellets, Enviva, Pinnacle Renewable Energy Group, Pacific Bioenergy Corporation, Vyborgskaya Cellulose, Rentech, Graanul Invest Group, RWE Innogy, Lignetics, E-pellets, Drax Biomass, General Biofuels, Blue Fire Renewables, Pfeifer Group, Biomass Secure Power, Viridis Energy, Energex, Protocol Energy, Agropellets, Granules LG and other prominent players.

 

By Type

      •  
  • Wood Biomass Briquette
  • Agro Waste Biomass Briquette
  • Sawdust Biomass Briquette

By Application

      •  
  • Thermal Energy
  • Power Generation
  • Others

By Region

    •  
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Biomass Briquettes Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Advancement/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Biomass Briquettes Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Wood Biomass Briquette
        2. Agro Waste Biomass Briquette
        3. Sawdust Biomass Briquette
      2. By Application
        1. Thermal Energy
        2. Power Generation
        3. Others
      3. By Region
        1. North America
        2. Europe
        3. The Asia Pacific
        4. Latin America
        5. The Middle East and Africa
  6. North America Biomass Briquettes Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. United States
        2. Canada
  7. Europe Biomass Briquettes Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. The Asia Pacific Biomass Briquettes Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Biomass Briquettes Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. The Middle East & Africa Biomass Briquettes Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
  12. Supplier Analysis
  13. Impact of Covid-19 on Global Biomass Briquettes Industry
  14. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. German Pellets
    2. Enviva
    3. Pinnacle Renewable Energy Group
    4. Pacific Bioenergy Corporation
    5. Vyborgskaya Cellulose
    6. Rentech
    7. Graanul Invest Group
    8. RWE Innogy
    9. Lignetics
    10. E-pellets
    11. Drax Biomass
    12. General Biofuels
    13. Blue Fire Renewables
    14. Pfeifer Group
    15. Biomass Secure Power
    16. Viridis Energy
    17. Energex
    18. Protocol Energy
    19. Agropellets
    20. Granules LG
  15. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List Of Figures

 

Figure 1: Global Biomass Briquettes Market Segmentation

Figure 2: Global Biomass Briquettes Industry Value Chain Analysis

Figure 3: Global Biomass Briquettes Market Size, By Value (USD Million), 2018-2028

Figure 4: Global Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028

Figure 5: Global Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028

Figure 6: Global Biomass Briquettes Market Share (%), By Region, By Value, 2018-2028

Figure 7: North America Biomass Briquettes Market Size, By Value (USD Million), 2018-2028

Figure 8: North America Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028

Figure 9: North America Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028

Figure 10: North America Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028 

Figure 11: Europe Biomass Briquettes Market Size, By Value (USD Million), 2018-2028

Figure 12: Europe Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028

Figure 13: Europe Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028

Figure 14: Europe Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028

Figure 15: The Asia-Pacific Biomass Briquettes Market Size, By Value (USD Million), 2018-2028

Figure 16: The Asia-Pacific Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028

Figure 17: The Asia-Pacific Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028

Figure 18: The Asia-Pacific Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028

Figure 20: Latin America Biomass Briquettes Market Size, By Value (USD Million), 2018-2028

Figure 21: Latin America Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028

Figure 22: Latin America Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028

Figure 23: Latin America Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028

Figure 24: The Middle East & Africa Biomass Briquettes Market Size, By Value (USD Million), 2018-2028

Figure 25: The Middle East & Africa Biomass Briquettes Market Share (%), By Type, By Value, 2018-2028

Figure 26: The Middle East & Africa Biomass Briquettes Market Share (%), By Application, By Value, 2018-2028

Figure 27: The Middle East & Africa Biomass Briquettes Market Share (%), By Country, By Value, 2018-2028

Figure 28: Global Biomass Briquettes Market Share Analysis, 2021

 

List Of Tables

 

Table 1: Global Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028

Table 2: Global Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028

Table 4: Global Biomass Briquettes Market Size. By Region, By Value (USD Million), 2018-2028

Table 5: North America Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028

Table 6: North America Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028

Table 7: 28 North America Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028 

Table 8: Europe Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028

Table 9: Europe Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028

Table 10: 40 Europe Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028 

Table 11: The Asia-Pacific Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028

Table 12: The Asia-Pacific Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028

Table 13: 52 The Asia-Pacific Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028 

Table 14: Latin America Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028

Table 15: Latin America Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028

Table 16: Latin America Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028 

Table 17: The Middle East & Africa Biomass Briquettes Market Size, By Type, By Value (USD Million), 2018-2028

Table 18: The Middle East & Africa Biomass Briquettes Market Size, By Application, By Value (USD Million), 2018-2028

Table 19: 76 The Middle East & Africa Biomass Briquettes Market Size (USD Million), By Country, By Value 2018-2028 

Table 20: List of Key Players and Their Offerings

Table 21: Competitive Benchmarking, by Operating Parameters

Table 26        German Pellets Company Overview

Table 27        German Pellets Financial Overview

Table 24        Enviva Company Overview

Table 25        Enviva Financial Overview

Table 26        Pinnacle Renewable Energy Group Company Overview

Table 27        Pinnacle Renewable Energy Group Financial Overview

Table 28        Pacific Bioenergy Corporation Company Overview

Table 29        Pacific Bioenergy Corporation Financial Overview

Table 30        Vyborgskaya Cellulose Company Overview

Table 31        Vyborgskaya Cellulose Financial Overview

Table 32        Rentech Company Overview

Table 33        Rentech Financial Overview

Table 34        Graanul Invest Group Company Overview

Table 35        Graanul Invest Group Financial Overview

Table 36        RWE Innogy Company Overview

Table 37        RWE Innogy Financial Overview

Table 38        Lignetics Ltd Company Overview

Table 39        Lignetics Ltd Financial Overview

Table 40        E-pellets Company Overview

Table 41        E-pellets Financial Overview

Table 42        Drax Biomass Company Overview

Table 43        Drax Biomass Financial Overview

Table 44        General Biofuels Company Overview

Table 45        General Biofuels Financial Overview

Table 46        Blue Fire Renewables Company Overview

Table 47        Blue Fire Renewables Financial Overview

Table 48        Pfeifer Group Company Overview

Table 49        Pfeifer Group Financial Overview

Table 50        Biomass Secure Power Company Overview

Table 51        Biomass Secure Power Financial Overview

Table 52        Viridis Energy Company Overview

Table 53        Viridis Energy Financial Overview

Table 54        Energex Company Overview

Table 55        Energex Financial Overview

Table 56        Protocol Energy Company Overview

Table 57        Protocol Energy Financial Overview

Table 58        Agropellets Company Overview

Table 59        Agropellets Financial Overview

Table 60        Granules LG Company Overview

Table 61        Granules LG Financial Overview

 

Market Segmentation

By Type

  • Wood Biomass Briquette
  • Agro Waste Biomass Briquette
  • Sawdust Biomass Briquette

By Application

  • Thermal Energy
  • Power Generation
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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Frequently Asked Questions (FAQs):

Ans: The agro-waste biomass briquette segment is growing in the global biomass briquette market at a higher rate.
Ans: Asia-Pacific region is growing in the global biomass briquette market at a higher rate.
Ans: The growth of the biomass briquettes market can be attributed to the increased demand for biomass briquettes from various sectors, particularly from the industrial applications, combined with attempts to reduce fossil fuel usage. Moreover, the growing concern regarding earth’s rising temperature and fossil-fuel induced emissions have further propelled the demand for biomass briquettes, thus driving their market growth rate.
Ans: The key players operating in the global biomass briquettes market are German Pellets, Enviva, Pinnacle Renewable Energy Group, Pacific Bioenergy Corporation, Vyborgskaya Cellulose, Rentech, Graanul Invest Group, RWE Innogy, Lignetics, E-pellets, Drax Biomass, General Biofuels, Blue Fire Renewables, Pfeifer Group, Biomass Secure Power, Viridis Energy, Energex, Protocol Energy, Agropellets, Granules LG and other prominent players.
Ans: The global biomass briquette market reached USD 429.0 million in 2021.