How Bioenergy Market 2021 is Booming Worldwide with Top Leading Players – Enexor Energy, Lignetics, Green Plains Inc., Enviva, Enerkem, POET, Drax Group, Pacific BioEnergy Corp

The global bioenergy market size is projected to reach USD 642.71 billion by 2027, exhibiting a CAGR of 8.0% during the forecast period. Deepening commitment to the 2015 Paris Climate Change Agreement will be a critical factor augmenting the growth of this market, shares Fortune Business Insights™ in its report, titled “Bioenergy Market Analysis, Share & COVID-19 Impact Analysis By Product Type (Solid Biomass, Liquid Biofuel, Biogas, and Others), By Feedstock (Agricultural Waste, Wood and Woody Biomass, Solid Waste and Others), By Application (Power Generation, Heat Generation, Transportation, and Others), and Regional Forecast, 2020-2027”.

The Paris Agreement was a landmark moment in the fight against climate change as it contained actionable commitments by the top emission countries. These commitments were focused towards mitigating the extreme effects of climate change by reducing greenhouse gas (GHG) emissions and curbing global temperature increase below 2 degrees Celsius above pre-industrial levels. Currently, 197 countries, with the exception of Russia, Iran, and Turkey, have signed the agreement. In the quest to control emissions, countries are actively switching to bioenergy sources such as biomass and biofuels to meet their electricity requirements, since these sources can supply electricity to all end-use industries. Thus, expanding participation in the Paris Agreement will bode well for this market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/103296

𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐭𝐡𝐚𝐭 𝐚𝐫𝐞 𝐮𝐧𝐝𝐞𝐫 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

Detailed overview of Bioenergy Market Share
Changing market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising market growth
Market Driver

𝐑𝐚𝐩𝐢𝐝 𝐃𝐞𝐩𝐥𝐞𝐭𝐢𝐨𝐧 𝐨𝐟 𝐅𝐨𝐬𝐬𝐢𝐥 𝐅𝐮𝐞𝐥𝐬 𝐭𝐨 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐞 𝐭𝐡𝐞 𝐁𝐢𝐨𝐞𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

The world overly dependent on fossil fuels to satisfy its energy demands. For example, in the US, fossil fuels accounted for 81.5% of the total energy consumption. Excessive reliance on exhaustible energy sources is causing their depletion rate to overtake their replenishment rate. The US Energy Information Administration (EIA) estimates that the current global stock of crude oil will be adequate to meet world’s oil demand till 2050. A Bioenergy Market report published by the Millennium Alliance for Humanity and the Biosphere (MAHB) states that coal will run out in 70 years, gas will be over in 40 years, and oil will be gone in the next 30 years. These stark projections are reinforcing the need for the global society to develop and actively embrace bioenergy sources and reduce dependence on conventional energy.

𝐀𝐬𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 https://www.fortunebusinessinsights.com/enquiry/customization/103296

The COVID-19 pandemic has created widespread uncertainty across the global economic spectrum. Many businesses are struggling to cope with the rapidly changing circumstances. Governments are modifying, altering, and developing new policies and measures to steer their countries out these challenging. We are also taking solid efforts to generate intelligent analysis on different markets and providing detailed assessment of the impact of this pandemic on your business.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐂𝐨𝐧𝐜𝐞𝐫𝐭𝐞𝐝 𝐄𝐟𝐟𝐨𝐫𝐭𝐬 𝐭𝐨 𝐑𝐞𝐝𝐮𝐜𝐞 𝐂𝐚𝐫𝐛𝐨𝐧 𝐄𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜

Booming economies of Asia Pacific, mainly India and China, who are also two of the largest emitters in the world, are taking decisive policy measures to curb emissions. In developed economies such as Japan, use of wood as biofuel is rising, increasing bio energy consumption in the region. These factors enabled Asia Pacific to create a market for bio energy with a size of USD 96.76 billion in 2019.

Countries in the European Union (EU) are actively adopting bio-energy as these energy sources are expected to speed up the EU’s shift towards renewables in the coming decade. North America, being one of the largest producers of liquid biofuels, is steadily fastening its hold on the bioenergy market share backed by significant increases in ethanol production in the US.

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/103296

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

𝐖𝐢𝐝𝐞𝐧𝐢𝐧𝐠 𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐂𝐡𝐚𝐫𝐚𝐜𝐭𝐞𝐫𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧

With strengthening global commitment towards bio-based energy, key players in this Bioenergy Market are exploring new avenues to expand their regional and global presence. Companies are also taking advantage of incentives offered governments for renewable energy projects to consolidate their position in the market.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

April 2020: Ductor, the Finnish-Swiss bioenergy company, announced the building of three biofertilizer-biogas plants in Poland’s Zachodniopomorskie region. Using poultry waste, the plants will produce renewable energy and organic nitrogen fertilizer, enhancing Poland’s shift towards circular economy.
February 2020: San Francisco-based Brightmark expanded its dairy biogas project in Western New York under its “Yellowjacket” project. Partnering with six farms, the company will extract methane from dairy manure every day and produce renewable natural gas.

𝐐𝐮𝐢𝐜𝐤 𝐁𝐮𝐲 - 𝐁𝐢𝐨𝐞𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭:

https://www.fortunebusinessinsights.com/checkout-page/103296

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐁𝐢𝐨𝐞𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

Enexor Energy (U.S.)
Lignetics (U.S.)
Green Plains Inc. (U.S.)
Enviva (U.S.)
Enerkem (Canada)
POET (U.S.)
Drax Group (U.S.)
Pacific BioEnergy Corp (Canada)
EnviTec Biogas AG (Germany)
MVV Energie AG (Germany)
Ameresco, Inc. (U.S.)
ADM (U.S.)

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