Market Size of Europe Bioenergy Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 8.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Bioenergy Market Analysis
The Europe bioenergy market is expected to grow at a CAGR of more than 8% from during 2022-2027. Energy generated using bio-based renewable sources such as biofuel, biogas, biomass, and other bio-organic waste is known as bioenergy. Lockdowns imposed across the globe in 2020 and the first quarter of 2021 due to the outbreak of the COVID-19 pandemic resulted in a temporary ban on imports & export, primarily as most of the European countries depend on raw products from outside European Union hampered the market growth. On the other hand. manufacturing & processing activities across various industries, which decreased demand for bioenergy and related products have been recovering since the second quarter of 2021. The growth in the bioenergy market can be attributed to the increasing shift towards renewables and other non-fossil fuel-based energy sources, such as solid biomass, biogas, and others. Factors such as increasing demand for energy, advancements in bioenergy conversion technologies, increasing investment in bioenergy, and declining electricity generation costs from bioenergy facilities are expected to drive the market during the forecast period.
- Biodiesel is likely to experience significant growth in the biofuel market due to its extensive use in automotive vehicles without significant overhauls in the internal combustion engine.
- As of 2021, research is underway to develop additional feedstocks that could be used to make biofuels, along with production processes that are safe for the environment and take less toll on it, which is likely to present many opportunities in the future.
- Germany is likely to witness significant growth in the market during the forecast period owing to its increasing expenditure in the sector and favourable governmental policies.
Europe Bioenergy Industry Segmentation
The Europe Bioenergy Market report includes:
| Type | |
| Biomass | |
| Biogas | |
| Biodiesel | |
| Bio-Ethanol | |
| Others |
| Geography | |
| United Kingdom | |
| France | |
| Spain | |
| Germany | |
| Rest of Europe |
Europe Bioenergy Market Size Summary
The Europe bioenergy market is poised for substantial growth, driven by a shift towards renewable and non-fossil fuel-based energy sources such as solid biomass and biogas. The market's expansion is supported by increasing energy demand, advancements in bioenergy conversion technologies, and declining electricity generation costs from bioenergy facilities. Despite challenges posed by the COVID-19 pandemic, which temporarily disrupted supply chains and reduced demand, the market has been recovering since mid-2021. The focus on biodiesel, in particular, is expected to see significant growth due to its compatibility with existing diesel engines and the ongoing development of sustainable feedstocks and production processes. Germany, a key player in the European bioenergy sector, is anticipated to experience notable growth due to its substantial investments and supportive governmental policies.
Biodiesel production and consumption in Europe are on the rise, bolstered by governmental initiatives like the European Union's 'Fit for 55' package, which aims to increase renewable energy targets in the transport sector. Germany stands out as a major producer and consumer of biodiesel, with significant exports to neighboring countries. However, the country's reliance on imported feedstocks, such as palm oil and soy oil, poses challenges, prompting efforts to shift towards waste materials for biofuel production. The market's growth is further supported by strategic partnerships and acquisitions, such as the collaboration between Engie SA, OCI NV, and EEW Energy from Waste GmbH in the Netherlands, and Greencoat Capital's acquisition of a biomass power plant in South Wales. These developments highlight the dynamic nature of the bioenergy market in Europe, with a strong emphasis on sustainability and resilience in supply chains.
Europe Bioenergy Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Market Size and Demand Forecast, in USD billion, till 2027
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 Supply Chain Analysis
-
1.7 Porter's Five Forces Analysis
-
1.7.1 Bargaining Power of Suppliers
-
1.7.2 Bargaining Power of Consumers
-
1.7.3 Threat of New Entrants
-
1.7.4 Threat of Substitutes Products and Services
-
1.7.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Biomass
-
2.1.2 Biogas
-
2.1.3 Biodiesel
-
2.1.4 Bio-Ethanol
-
2.1.5 Others
-
-
2.2 Geography
-
2.2.1 United Kingdom
-
2.2.2 France
-
2.2.3 Spain
-
2.2.4 Germany
-
2.2.5 Rest of Europe
-
-
Europe Bioenergy Market Size FAQs
What is the current Europe Bioenergy Market size?
The Europe Bioenergy Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Europe Bioenergy Market?
Shell PLC, Bunge Limited, Air Liquide S.A., Greenergy International Ltd and Abengoa Bioenergia SA are the major companies operating in the Europe Bioenergy Market.
