Biomass Briquette Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Biomass Briquette Market is segmented By Application (Household (Cooking Fuel), Industrial (Power Generation, Thermal Heating)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024 - 2031

Market Overview

150 Pages report analyses the Global Biomass Briquette Market size, shares, supply chain analysis, company profiles and industry dynamics. The report estimates that market to grow at a CAGR of 7% till 2030. Bio fuel substitute’s usage in industrial applications is on the rise. Europe is expected to dominate the global biomass briquette market during the forecast period

Large-scale scale agricultural activities globally that have resulted in the liberation of large volumes of residues. Rice husk, bagasse, coir pith, nut shells, and cotton stalks among others are the managing residuesdues produced in the world. These residhave has been posed ing environmental threat in the form of air pollution and surged the need for proper waste management methods. Biomass briquette is a method of converting biomass into usable fuel blocks. Biomass incluagro residuesdues, paper, and sawdust that are generated in bulk quantities in various agro-industrial activities. Briquetting is a densification process that involves pressure sure compaction-agro residuesdues into high-pressure fuel blocks, commonly referred to as biomass briquettes. These briquettes are considered effective substitutes for a charcoal and are widely used as an alternative fuel for coal, wood, and lignite across the globe.

Market Scope

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Market Dynamics

The growing demand for biofuel substitutes

The growing demand for biofuel substitutes in industrial applications coupled with efforts to reduce the consumption of fossil fuels is the primary growth factor the for biomass briquettes market. Governments and environmental protection agencies are striving to reduce the use of fossil fuels and unrenewable energy sources to curb global warming and rising greenhouse gas emissions. Bio-briquettes found a sustainable alternative to coal in industrial heating applications a and reliable energy source. Other potential benefits of these blocks including high combustibility, low residue content, sulfur-free, and economic factors are boosting the use of bio briquettes in these applications utilizationtion of biomass briquettes is also beneficial to the environment in that it eliminates on-field burning ago residuesdues by providing ing alternative market for commercial utilization as fuel.

However, the lack of favorable policies that promote the production and utilization of bio-briquettes is hindering the market growth in most of the geographies

Market Segmentation Analysis

Agro waste briquettes to dominate the global biomass briquette market

The market has been segmented by type biomass type into sawdust briquettes, agro-waste brique, rates, and wood briquettes. Agro-waste is the largest source of bio-briquettes globally constituting nearly 60% of the total production. Grain husk, groundnut shells, bags, cases, and several other farm residues undergo processing procedures such as drying, mixing, mol, ding, or compressing in pellet machines to form cylindrical blocks.

Wood briquets are tes to grow with a CAGR of YY% during the forecast period. Wood briquettes are a fuel source made out of dried, compacted wood. They are made from wood waste or by-products and machine-compressed into a log or block shape, generally without added ingredients, though they can have added materials like peat, bracken, or coffee. Wooden briquettes provide a cost-effective source of heating ng, efficient and consistent fires.

Market Geographical Share

Europe is expected to dominate the global biomass briquette market during the forecast period

By Geography, Europe is a critical region in the market growth. Biomass briquettes are widely used to meet industrial and domestic energy requirements in European countries. Countries such as Hungary, Po, land, and Austria ate at the forefront of consumptive abundance-ance of biomass residues led to the production of biomass briquettes. Developing nations in the region has been the largest consumer of bio-briquettes historically, majorly in domestic cooking activities owing to limited sources of cooking fuel. The market is recently gaining prominence among developed economies, which use these blocks for heating boilers in electricity generation. China is likely to win the ess most significant growth rate in market penetration owing to government polictowardards boosting production.

Companies and Competitive Landscape

The global biomass briquette market is highly fragmented with a large number of companies majorityrity of bio-briquette manufacturers are smallmedium-sizedized companies with limited production capacity and geographical reach. The market is also stagnant in terms of production technology with most of the current manufacturing facilities equipped with either piston press or screw extrusion machines. However, the favoring policies to boost the use of sustainable fuels is likely to increase demand in local applications and boost profit margins shortly. In December 2020, The Goa Energy Development Agency (has invited bids to set up a 2,000 kg/HR biomass briquetting project at Saligao, Bardez in Goa. The scope of work includes setting up a 2,000 kg/HR biomass briquetting project based on tree waste, tender coconut waste, and coconut leaves waste in Goa.