logo

Biofuel from Sugar Crops Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Biofuel from Sugar Crops Market Report is segmented by Pathways (Catalytic Upgrading and Bioprocessing), Application (Aviation, Marine, Automotive, Power Sector, and Others), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Home Market Analysis Energy & Power Research Power Research Power Generation Research Renewables Research Bioenergy Research Biofuel Research Biofuel from Sugar Crops Industry

Biofuel from Sugar Crops Market Size

Biofuel From Sugar Crops Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market South America
Largest Market South America
Market Concentration Low

Major Players

Biofuel From Sugar Crops Market Companies

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Biofuel from Sugar Crops Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Biofuel from Sugar Crops Market Analysis

The biofuel from sugar crops market is expected to grow at a CAGR of over 4% during the forecast period of 2020 - 2025. Factors such as rising environmental concerns over greenhouse gases emissions from conventional fuels, and superior economic prospects over conventional fuels are expected to be major drivers driving the market. The rising demand for clean energy over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the biofuel from sugar crops market. However, lack of infrastructure, general lack of awareness on benefits of biofuels, and lack of biofuel producing crops in different countries have somewhat hampered the growth of the market.

  • Automotivesector is expected to dominate the biofuel from sugar crops market in forecast period, owing to various factors such as favorable government policies on biofuel compatible vehicles due to rising concerns over greenhouse gases emissions.
  • Countries such as India, have a huge production of sugarcane, which is the most used primary source for biofuels from sugar crops. With the country's rising energy need and concerns over pollution from energy production from conventional sources and automobiles, owing to the stated reasons the region have a huge potential for biofuel from sugar crops market.
  • South America is expected to dominate the market with majority of the demand coming from the countries such as the Brazil and Argentina, owing to the factors like high production of sugar crops like sugarcane, mandated use of ethanol according to government policies, and economical benefits of biofuel over conventional fuels.

Biofuel from Sugar Crops Market Trends

This section covers the major market trends shaping the Biofuel from Sugar Crops Market according to our research experts:

Automotive Sector to Dominate the Market

  • With up to 70% less emissions from automobiles, compared to conventional fuel automobiles, the market for biofuel in automotive sector is expected to grow rapidly in the forecast period, owing to growing consumer demand for greener vehicles, and favorable government policies.
  • Reduced taxes on biofuel-based vehicles in countries such as Brazil and the USA have led to a rapid increase in sales and have paved a growing path for biofuel from sugar crops in automotive sector.
  • Varying mandates by different governments on blended fossil fuels is considered to be the major driving factor for biofuel from sugar crops market. There have been an increasing number of countries mandating blended fuels in recent years, this trend is expected to grow in forecast period. As of January 2018, EU, 14 countries in Americas, 12 in Asia-Pacific, 11 countries in Africa and Indian Ocean, and 2 Non-EU countries have mandates or targets in place or under consideration.
  • Therefore, the aforementioned factors, are expected to drive the market in forecast period, similar to the trend witnessed in recent years.
Biofuel From Sugar Crops Market Trends

South America to Dominate the Market

  • South America has dominated the biofuel from sugar crops market in 2018 and is expected to continue its dominance in the coming years as well. The region has seen an unprecedented increase during the past few years and is expected to increase further during the forecast period.
  • Brazil have mandated ethanol blending in fossil gasoline in 2006, As per the last mandate change in 2016, 27% ethanol is blended. This has created a huge demand for ethanol in the country. Also, there are tax benefits in place for automobile buyers, which has further helped the market to grow.
  • Brazil produced over 34.45 billion liters of biofuel in 2019, out of which over 32 billion liters was produced from sugarcane, and 1.4 billion liters from corn. Estimated demand of ethanol in 2019 in the country was 33.93 billion liters for fuel and other uses, this is up by 2.19 billion liters from 2018.
  • Argentina also have a mandate for 12% ethanol blending which has caused an increase of ethanol demand in the country. Argentina also changed it's tax structure in 2017, imposing carbon tax on fossil fuels and exempting biofuels either pure or in fuel mix.
  • Moreover, there has been a constant rise in biofuel-based automobiles in recent years. Also, the drop in prices of blended fuels and rising concerns over greenhouse gases emissions, are expected to be the major driving factors for biofuel from sugar crops market during the forecast period.
Biofuel From Sugar Crops Market Growth

Biofuel from Sugar Crops Industry Overview

The biofuel from sugar crops market is consolidated with big players holding major part of the market. Some of the major companies are Royal Dutch Shell Plc, Wilmar International Limited, BP Plc, CropEnergies AG, Greenfield Global, Inc. among others.

Biofuel from Sugar Crops Market Leaders

  1. Royal Dutch Shell Plc

  2. Wilmar International Limited

  3. BP Plc

  4. CropEnergies AG

  5. GrabBio LLC

*Disclaimer: Major Players sorted in no particular order

Royal Dutch Shell Plc, Wilmar International Limited, BP Plc, CropEnergies AG, GrabBio LLC
Need More Details on Market Players and Competitors?
Download PDF

Biofuel from Sugar Crops Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast, in USD billion, till 2025

    3. 4.3 Global Sugar Crops Production Forecast, in ton, till 2025

    4. 4.4 Historic and Forecast Biofuel Production, in Mtoe, till 2025

    5. 4.5 Recent Trends and Developments

    6. 4.6 Government Policies & Regulations

    7. 4.7 Market Dynamics

      1. 4.7.1 Drivers

      2. 4.7.2 Restraints

    8. 4.8 Supply Chain Analysis

    9. 4.9 Porter's Five Forces Analysis

      1. 4.9.1 Bargaining Power of Suppliers

      2. 4.9.2 Bargaining Power of Consumers

      3. 4.9.3 Threat of New Entrants

      4. 4.9.4 Threat of Substitutes Products and Services

      5. 4.9.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Pathways

      1. 5.1.1 Catalytic Upgrading

      2. 5.1.2 Bioprocessing

    2. 5.2 Application

      1. 5.2.1 Aviation

      2. 5.2.2 Marine

      3. 5.2.3 Automotive

      4. 5.2.4 Power Sector

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 South America

      5. 5.3.5 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 BP Plc

      2. 6.3.2 Royal Dutch Shell Plc

      3. 6.3.3 Wilmar International Limited

      4. 6.3.4 GranBio LLC

      5. 6.3.5 CropEnergies AG

      6. 6.3.6 Bunge Limited

      7. 6.3.7 Greenfield Global, Inc.

      8. 6.3.8 AURORA COOPERATIVE, INC.

    4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Biofuel from Sugar Crops Industry Segmentation

The biofuel from sugar crops market report include:

Pathways
Catalytic Upgrading
Bioprocessing
Application
Aviation
Marine
Automotive
Power Sector
Others
Geography
North America
Europe
Asia-Pacific
South America
Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Biofuel from Sugar Crops Market Research FAQs

The Biofuel from Sugar Crops Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Royal Dutch Shell Plc , Wilmar International Limited , BP Plc, CropEnergies AG and GrabBio LLC are the major companies operating in the Biofuel from Sugar Crops Market.

South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the South America accounts for the largest market share in Biofuel from Sugar Crops Market.

The report covers the Biofuel from Sugar Crops Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Biofuel from Sugar Crops Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Biofuel from Sugar Crops Industry Report

Statistics for the 2024 Biofuel from Sugar Crops market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Biofuel from Sugar Crops analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Biofuel from Sugar Crops Market Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Biofuel from Sugar Crops Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)