Biorefinery Market to Surpass USD 62.20 Billion by 2030 owing to Rising Demand for Sustainable Solutions and Growing Bio-Based Chemicals | By SNS Insider


Based on SNS Insider’s research, the biorefinery market is poised for substantial growth, driven by a convergence of sustainability imperatives, technological advancements, supportive policies, and evolving consumer preferences.

Pune, Aug. 11, 2023 (GLOBE NEWSWIRE) — As per the SNS Insider report, “The Biorefinery Market attained a valuation of USD 140.9 billion in 2022. Forecasts indicate a projected expansion to USD 268.62 billion by 2030, characterized by a compound annual growth rate (CAGR) of 8.4% during the forecast period spanning 2023 to 2030”.

Market Report Scope


In a world where sustainable resource utilization is of paramount importance, the concept of biorefinery has emerged as a pioneering solution. Biorefinery represents a transformative approach to harnessing the inherent potential of biological resources, facilitating the conversion of biomass into an array of valuable products, ranging from biofuels and biochemicals to materials and energy. By minimizing waste generation and maximizing resource efficiency, biorefineries play a pivotal role in driving the transition towards a more environmentally conscious and economically viable future.

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Market Analysis

The biorefinery market is experiencing robust growth, driven by a confluence of factors that reflect both the increasing demand for sustainable alternatives and advancements in technology. Biorefineries have emerged as versatile hubs that integrate various biomass feedstocks and employ advanced processes to produce a spectrum of valuable bio-based products. Many governments are implementing favorable policies and regulatory frameworks that incentivize the adoption of renewable energy sources and bio-based products. Subsidies, tax incentives, and mandates for blending biofuels with conventional fuels are driving investments in biorefinery projects and promoting their growth. Rapid advancements in biotechnology, including genetic engineering and metabolic pathway optimization, have significantly enhanced the efficiency of biorefinery processes.

Biorefinery  Market Overview & Scope:

Report Attributes Details
Market Size in 2022 USD 140.9 billion
Market Size by 2030 USD 268.62 billion
CAGR CAGR of 8.4% From 2023-2030
Key Segments By Product (Energy, Chemical, Material, and Others)

By Type (First Generation, Second Generation, and Third Generation)

By Technology (Industrial Biotechnology, physicochemical, Biochemical, and Thermochemical)

By Feedstock (Starch & Sugar Crops, Energy Crops, Organic & Agricultural Residues, Multifeedstock, and others),

Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands,Rest of Europe), Asia-Pacific (Japan, South Korea,China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
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Impact of Recession

While a recession poses several challenges to the biorefinery market, it also presents unique opportunities for growth and adaptation. Navigating these uncertain times requires a proactive approach from industry players, policymakers, and stakeholders. By leveraging innovation, collaboration, and sustainable practices, the market can weather the storm of recession and emerge as a resilient and vital component of a greener and more sustainable future.

Impact of Russia-Ukraine War

The Russia-Ukraine war has introduced a range of challenges and uncertainties for the biorefinery market. The extent of the impact will depend on various factors, including the duration of the conflict, diplomatic resolutions, and the ability of industry players to adapt to changing circumstances. As with any global event, careful monitoring and strategic planning will be essential for stakeholders in the biorefinery sector to navigate the evolving landscape effectively.

Key Regional Development

In North America, particularly the United States and Canada, the biorefinery market is gaining traction due to stringent environmental regulations and a push towards reducing carbon emissions. The Asia-Pacific region is witnessing rapid urbanization and industrialization, leading to increased waste generation and a greater need for alternative energy sources. Countries like China, Japan, and India are investing in biorefinery projects. Europe stands at the forefront of the market, driven by ambitious renewable energy targets and circular economy principles.

Key Takeaway from Biorefinery Market Study

  • As the global emphasis on sustainability and environmental responsibility intensifies, the biochemical and energy segments of the market are poised to dominate the landscape. These segments not only offer innovative solutions for replacing conventional fossil-based products but also contribute to the reduction of greenhouse gas emissions and the establishment of a more circular and sustainable economy.
  • The ongoing advancements in biotechnology, process optimization, and policy support further solidify the crucial role of biochemical and energy biorefineries in shaping a greener future. Favorable government policies and incentives promoting renewable energy adoption have spurred investments in the energy segment of biorefineries, accelerating its growth and market dominance.

Recent Developments Related to Biorefinery Market

  • In a remarkable endeavor that underscores the global push toward sustainable and renewable energy sources, a prominent German company has embarked on a groundbreaking project to convert South Bend’s ethanol plant into a cutting-edge biorefinery.
  • In a bold move towards innovation and sustainability, Vertex Biofuels has embarked on an ambitious project to diversify the feedstock utilized at its cutting-edge biorefinery located in Alabama.

Buy Complete Research Report Which Provide Detail Impact Analysis of COVID-19, Russia-Ukraine War & Ongoing Recession: 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 Impact of Russia- Ukraine War

4.2 Impact of Ongoing Recession

4.2.1 Introduction

4.2.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Biorefinery Market Segmentation, By Product

8.1    Energy

8.2    Chemical

8.3    Material

8.4    Others

9. Biorefinery Market Segmentation, By Type

9.1    First Generation

9.2    Second Generation

9.3    Third-Generation

10. Biorefinery Market Segmentation, By Technology

10.1    Industrial Biotechnology

10.2    Physicochemical

10.3    Biochemical

10.4    Thermochemical

11. Biorefinery Market Segmentation, By Feedstock

11.1    Starch & Sugar Crops

11.2    Energy Crops

11.3    Organic & Agricultural Residues

11.4    Multifeedstock

11.5    Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.3 Europe

12.4 Asia-Pacific

12.5 Middle East & Africa

12.6. Latin America

13 Company Profile

13.1 Valero

13.1.1 Market Overview

13.1.2 Financials

13.1.3 Product/Services/Offerings

13.1.4 SWOT Analysis

13.1.5 The SNS View

13.2 Renewable Energy Group

13.3 Neste

13.4 Total Energies

13.5 Vivergo Fuel

13.6 Borregard AS

13.7 Wilmar International Ltd.

13.8 Godavari Biorefineries

13.9 Sekab

13.10 Cargill Inc.

13.11 Honeywell International Inc.

13.12 Abengoa

13.13 Clariant

13.14 Green Plains

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

15. USE Cases And Best Practices

16. Conclusion

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