Biorefinery Market is segmented By Type (Second Generation, First Generation, Third Generation), By Feedstock (Starch & Sugar Crops, Energy Crops, Org....
Market Size in USD
CAGR9.5%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 9.5% |
Market Concentration | High |
Major Players | Neste Oyj, UPM Global, BP PLC, Renewable Energy Group, Godavari Biorefineries Ltd. |
The biorefinery market is estimated to be valued at USD 161.64 Bn in 2024 and is expected to reach USD 305.06 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031. The biorefinery market is expected to witness strong growth with rising environmental concerns and national drive toward reducing carbon footprint.