Biomass market size forecast 2026: Expected to reach 54,874 million USD by 2032.
Biomass refers to renewable organic resources derived from living organisms such as plants and microorganisms, including agricultural residues, forestry waste, wood processing waste, livestock manure, and food waste. Through processes such as combustion, gasification, anaerobic digestion, pyrolysis, and fermentation, it can be converted into electricity, heat, biofuels, biogas, and chemical raw materials. According to the latest research report published by Global Reports titled "Global Biomass Market Size, Share, Company Rankings, Revenue, and Demand Trend Forecast (2026-2032)," the global biomass market is expected to expand from approximately 29.865 billion USD in 2025 to about 32.81 billion USD in 2026, reaching approximately 54.874 billion USD by 2032. The compound annual growth rate (CAGR) from 2026 to 2032 is projected to be 9.0%.
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Demand for Industrial Heat Supply and Solid Biomass Fuel One of the main uses of biomass is for industrial heat supply through molded fuels such as wood pellets and briquettes. In factories involved in food processing, papermaking, textiles, chemicals, building materials, and wood processing, the use of molded fuels is expanding as a substitute for fossil fuels in steam boilers and industrial furnaces. Molded fuels have uniform particle size and shape, making them suitable for automatic feeding and combustion control, which also facilitates their use in small to medium-sized boilers and centralized heat supply in industrial parks. In addition to fuel sales, business models that integrate raw material collection, manufacturing, boiler operation, and steam sales are also gaining attention.
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High-Value Market Expanded by Biomethane and SAF The applications of biomass are expanding from solid fuels to liquid and gas fuels. Commercial use of biomethane and fuel ethanol is progressing, and the development and investment in green methanol and sustainable aviation fuel (SAF) are becoming more active. The International Air Transport Association (IATA) predicts that the global SAF production will reach approximately 2.4 million tons by 2026, accounting for about 0.8% of aviation fuel consumption. To expand supply, securing stable raw materials and reducing manufacturing costs are essential. In June 2026, a plan for the production of approximately 160,000 tons of SAF using the Alcohol-to-Jet method was announced in Dunkirk, France. The technology to convert agricultural and forestry residues and waste into fuel is becoming increasingly important as it utilizes raw materials that are less likely to compete with food.
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