India biomass market is set to grow due to government initiatives and a growing focus on energy security, driving demand and expansion during the forecast period 2020-2030.

According to the TechSci Research report, “India Biomass Market – By Region, Competition Forecast and Opportunities, 2030,” the India biomass market is expected to experience significant growth during the forecast period. The rising demand for energy and clean energy sources is anticipated to positively impact market growth. However, high operating costs and increasing capital costs in economically growing countries may hinder the market’s growth.

Biomass is considered a viable and low-carbon alternative to conventional fossil fuels. When combusted, it yields bioenergy, which is regarded as a clean fuel for energy generation. The increasing demand for energy across India is expected to boost bioenergy production through biomass, supporting the market’s growth. Additionally, biomass-based renewable power has a significant impact on reducing global warming emissions, as it can limit the amount of CO2 released into the atmosphere. By increasing renewable biomass power, we can substitute carbon-intensive energy sources, which will further reduce emissions.

The demand for energy in India has seen exponential growth in recent years, driven by rapid urbanization and a rising population. Most of the energy produced across the country still comes from fossil fuels, which emit harmful greenhouse gases when burned. In contrast, biomass is a carbon-neutral energy source that can play a major role in reducing greenhouse gas emissions. The increasing demand for energy and power is expected to propel the growth of the India biomass market during the forecast period.

India's biomass market is segmented by type, technology, products, end-use, and region. The market is divided into natural biomass, residual biomass, and biomass produced by energy crops. Regarding technology, the market is segmented into thermochemical and biochemical methods. Thermochemical methods dominated the India biomass market in 2022 due to their higher effectiveness and efficiency compared to biochemical methods. The government has also implemented several policies, such as the National Biomass Power Program and the National Biogas Program, to promote the use of thermochemical technologies.

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Based on products, the market is divided into biopower, transportation fuels, biogas, and biomaterials. In terms of end-use, the market is segmented into industrial, transportation, residential, utility, and commercial sectors. Regionally, the market is divided into North India, South India, West India, and East India. West India led the India biomass market in 2022, primarily due to the abundant availability of biomass feedstock, including agricultural residues, wood waste, and municipal solid waste.

Additionally, the demand for biomass-based power generation is high in this region, driven by its growing economy and increasing electricity consumption. States such as Chhattisgarh, Madhya Pradesh, Gujarat, and Rajasthan have numerous biomass power plants, contributing to the rising demand for electricity while helping to reduce greenhouse gas emissions.

Major players operating in the India biomass market are:

• Bharat Petroleum Corporation Limited
• Indian Oil Corporation Limited
• Reliance industries Limited
• Universal Biofuels Private Limited
• Khanda Biofuels Private Limited
• G-Energetic Biofuels Private Limited
• Altret Industries Private Limited
• Biodiesel Technocrats Private Limited          
• Abellon CleanEnergy Limited
• Universal Biofuels Private Limited

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“There are number of reasons for the development of India biomass market including growing demand for clean energy as India is one of the world’s most populous countries, and its energy demand is growing rapidly. The government has determined targets for renewable energy and biomass energy is seen as an important part of these targets. Moreover, India has a large abundance of biomass resources, including agricultural residues, forestry residues, and municipal solid waste, which is likely to impact the growth of India biomass market.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Biomass Market By Type (Natural Biomass, Residual Biomass, and Biomass Produced By Energy Crops), By Technology (Thermochemical, Biochemical), By Products (Biopower, Transportation Fuels, Biogas, and Biomaterials), By End Use (Industrial, Transportation, Residential, Utility, and Commercial), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of India Biomass market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Biomass Market.

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