{"id":26291,"date":"2023-04-28T14:33:49","date_gmt":"2023-04-28T07:33:49","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=23061"},"modified":"2023-04-28T14:33:49","modified_gmt":"2023-04-28T07:33:49","slug":"green-awareness-to-push-biofuel-market-to-us51-47b-by-2029","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2023\/04\/28\/green-awareness-to-push-biofuel-market-to-us51-47b-by-2029\/","title":{"rendered":"Green Awareness To Push Biofuel Market To US$51.47b by 2029"},"content":{"rendered":"

The global market of biodiesel is projected to reach\u00a0$51.47 billion\u00a0by 2029, at a CAGR of 3.6% during the forecast period.<\/p>\n

It is based on a new market research report titled,\u00a0\u2018Biodiesel Market\u00a0by Blend (B100, B20, B10, B5), Feedstock (Vegetable Oils {Rapeseed Oil, Palm Oil}, Animal Fats {Poultry, Tallow}), and Application (Fuel {Automotive, Marine, Agriculture}), and Geography\u00a0\u2013 Forecast to 2029.\u00a0<\/strong><\/p>\n

\"\"<\/a><\/p>\n

Biodiesel is safer and easy to handle and transport than petroleum diesel. It is an environment-friendly fuel that can be blended and used in many different concentrations.<\/p>\n

Additionally, biodiesel is safer for the environment and produces significantly less air pollution than petroleum diesel.\u00a0It is a fuel that can be produced domestically and used in a diesel engine with little-to-no change to the engine or fuel system, thus allowing many countries to reduce their reliance on foreign oil reserves.<\/p>\n

Since biodiesel is produced from domestic energy crops, it can also work as an alternative form of fuel and can reduce our dependence on foreign suppliers.<\/p>\n

The growth of this market is driven by the increase in biodiesel consumption, the rising environmental concerns, and the increasing demand for biodiesel to replace fuels in transportation and power generation. However, performance concerns in diesel engines are expected to hinder the growth of this market to a certain extent.<\/p>\n

Moreover, government support from\u00a0North America,\u00a0Latin America,\u00a0Europe, and\u00a0Asia-Pacific\u00a0countries is expected to offer significant growth opportunities for players operating in the biodiesel market.<\/p>\n

Increase in the Adoption of Biodiesel as Fuel is Expected to Drive the Biodiesel Market<\/strong><\/p>\n

The increasing use of biodiesel in commercial vehicles is expected to drive the biodiesel market. Biodiesel is simple to use, biodegradable and non-toxic. It is manufactured domestically from vegetable oil or animal fat. Furthermore, it is sustainable and a more environmentally friendly, cleaner-burning option that can be used in diesel engines without modification, thus allowing many countries to reduce their reliance on foreign oil reserves. These factors lead to the growth of the market for biodiesel.<\/p>\n

According to International Energy Agency (IEA), worldwide biodiesel consumption increased from 29,349 million liters in 2015 to 45,602 million liters in 2021. The rise in demand from\u00a0Asia-Pacific\u00a0was responsible for most of this growth. Consumers across the globe are more likely to opt for environment-friendly biodiesel fuel, owing to its ability to reduce the effect of greenhouse gas.<\/p>\n

There is an awareness about the rising environmental issues due to conventional fossil fuels among consumers across the globe. Additionally, the popularity of renewable and clean energy sources is also growing. These factors are contributing to the growth of the biodiesel market.<\/p>\n

The global biodiesel market is segmented by blend type (B100, B20, B10, and B5), feedstock (vegetable oils, animal fats, used cooking oil (UCO), and other feedstock), and application (fuel, power generation, and other applications). The study also evaluates industry competitors and analyzes the regional and country-level markets.<\/p>\n

Based on blend, in 2022, the B10 segment is expected to account for the largest share of the global biodiesel market. The large market share of this segment is attributed to the increasing government initiatives and growing demand for B10 in\u00a0Asia. Moreover, various countries, including\u00a0Argentina,\u00a0Brazil,\u00a0Colombia, and\u00a0Thailand, have mandated the use of B10 biodiesel in vehicles. This is expected to drive the demand for B10 during the forecast period. However, the B20 segment is projected to register the highest CAGR during the forecast period.<\/p>\n

Based on feedstock, in 2022, the vegetable oils segment is expected to account for the largest share of the global biodiesel. The large market share of this segment is attributed to its use as a renewable resource for biodiesel production, less greenhouse gas emissions, high oil yield, less saturated fat percentage, and reduced production cost.<\/p>\n

Most biodiesel products come from vegetable oils since they vary considerably with location according to climate and availability. For instance, soybean oil is the most common feedstock used in biodiesel production in the USA, whereas rapeseed oil is commonly used in many European countries for biodiesel production.<\/p>\n

Additionally, palm oil has been widely used in the production of biodiesel in countries such as\u00a0 Indonesia,\u00a0Thailand,\u00a0Germany,\u00a0France, and\u00a0Colombia. However, the used cooking oil (UCO) segment is expected to witness rapid growth in the global biodiesel market during the forecast period.<\/p>\n

Based on the application, in 2022, the fuel segment is expected to account for the largest share of the global biodiesel market. The large market share of this segment is attributed to its increased use as fuel in automotive, agriculture, and marine industries, the rising environmental concerns, and the increasing pollution due to automobile pollutants from petrol or diesel-based automobiles.<\/p>\n

However, the power generation segment is expected to register the highest CAGR during the forecast period. The fast growth of this segment is attributed to its increasing use in generators to reduce poisonous carbon monoxide and particulate matter. Moreover, the increasing government attempt to adopt renewable energy sources to generate power is expected to offer significant opportunities for the growth of this segment.<\/p>\n

Based on geography, in 2022,\u00a0Europe\u00a0is expected to account for the largest share of the global biodiesel market. The large market share of this segment is attributed to the increasing government and the growing preferences for renewable energy sources. Moreover, the growing demand for biodiesel from the end users, automotive, power generation, marine, railway, and agriculture, is expected to boost biodiesel demand in\u00a0Europe.<\/p>\n

However,\u00a0Asia-Pacific\u00a0is expected to witness rapid growth in the global biodiesel market during the forecast period. The fast growth rate of this regional market is attributed to factors such as the increasing government blend mandates and environmental concerns over petroleum diesel usage.<\/p>\n

Furthermore, the growing preference for replacing fossil fuels related to higher greenhouse gas emissions is persuading the demand for biodiesel in\u00a0Asia-Pacific\u00a0countries. Hence, with the increasing blend percentage in countries such as\u00a0Indonesia,\u00a0Thailand,\u00a0Malaysia, and\u00a0India, the\u00a0Asia-Pacific\u00a0region is expected to witness the highest growth rate during the forecast period.<\/p>\n

The key players operating in the global biodiesel market are Archer-Daniels-Midland Company (USA), Ag Processing Inc (USA), Avril Group (France), Biodiesel Bilbao S.L. (a subsidiary of Bunge Limited) (Spain), Cargill Inc (U.S.), Emami Agrotech Ltd (part of Emami Limited), FutureFuel Chemical Company (USA), G-Energetic Biofuels Private Limited (India), Louis Dreyfus Company (Netherlands), M\u00fcnzer Bioindustrie GmbH (Austria), Renewable Energy Group (USA), VERBIO Vereinigte BioEnergie AG (Germany), Wilmar International Limited (Singapore), and World Energy LLC (U.S.). (*)<\/p>\n

Source: digitaljournal.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The global market of biodiesel is projected to reach\u00a0$51.47 billion\u00a0by 2029, at a CAGR of 3.6% during the forecast period. It is based on a new market research report titled,\u00a0\u2018Biodiesel Market\u00a0by Blend (B100, B20, B10, B5), Feedstock (Vegetable Oils {Rapeseed Oil, Palm Oil}, Animal Fats {Poultry, Tallow}), and Application (Fuel {Automotive, Marine, Agriculture}), and Geography\u00a0\u2013… Green Awareness To Push Biofuel Market To US$51.47b by 2029<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3708,3709],"tags":[],"class_list":["post-26291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\nGreen Awareness To Push Biofuel Market To US$51.47b by 2029 - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"There is an awareness about the rising environmental issues due to conventional fossil fuels among consumers across the globe. 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But it has also managed to use it as single raw material to produce 100 percent green diesel. The innovative product is known as palm oil-based D100 or Green Diesel D100, as it is purely produced from\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/08\/D100_gapki.id_.jpg?fit=1183%2C713&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/08\/D100_gapki.id_.jpg?fit=1183%2C713&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/08\/D100_gapki.id_.jpg?fit=1183%2C713&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/08\/D100_gapki.id_.jpg?fit=1183%2C713&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/08\/D100_gapki.id_.jpg?fit=1183%2C713&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":22569,"url":"https:\/\/gapki.id\/en\/news\/2023\/01\/17\/outlook-sustainability-will-grow-biodiesel-market-to-us75-57b-in-2030\/","url_meta":{"origin":26291,"position":1},"title":"OUTLOOK: Sustainability Will Grow Biodiesel Market To US$75.57b in 2030","author":"admin","date":"January 17, 2023","format":false,"excerpt":"VANCOUVER --\u00a0The Biodiesel market size reached US$32.05 Billion in 2021\u00a0and is expected to register a CAGR of 9.9% during the forecast period, according to latest analysis by Emergen Research. Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. It\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/05\/sawit_indonesia_himbau_waspada_karhutla.jpg?fit=812%2C508&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/05\/sawit_indonesia_himbau_waspada_karhutla.jpg?fit=812%2C508&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/05\/sawit_indonesia_himbau_waspada_karhutla.jpg?fit=812%2C508&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/05\/sawit_indonesia_himbau_waspada_karhutla.jpg?fit=812%2C508&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":28905,"url":"https:\/\/gapki.id\/en\/news\/2024\/11\/16\/trumps-win-creates-uncertainty-in-global-edible-oil-market\/","url_meta":{"origin":26291,"position":2},"title":"Trump\u2019s Win Creates Uncertainty In Global Edible Oil Market","author":"admin","date":"November 16, 2024","format":false,"excerpt":"Nusa Dua, Bali \u2013 The election victory of Donald Trump as President of the USA will cause energy policy change and uncertainty. Although not the main consumer of palm oil, the energy policy of USA will significantly impact the global market of palm oil, including in Indonesia. Alvin Tai, analyst\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/11\/trump_donald_us_.jpg?fit=808%2C505&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/11\/trump_donald_us_.jpg?fit=808%2C505&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/11\/trump_donald_us_.jpg?fit=808%2C505&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/11\/trump_donald_us_.jpg?fit=808%2C505&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":26042,"url":"https:\/\/gapki.id\/en\/news\/2021\/05\/02\/indonesia-becomes-worlds-largest-producer-of-biodiesel\/","url_meta":{"origin":26291,"position":3},"title":"Indonesia Becomes World\u2019s Largest Producer Of Biodiesel","author":"admin","date":"May 2, 2021","format":false,"excerpt":"JAKARTA \u2013 Economic Coordinating Minister Airlangga Hartarto said that Indonesia has become the largest producer of biodiesel in the world with a total production reaching 137,000 barrels per day (bpd), exceeding the production of the US and Germany. \"Indonesia has become the world\u2019s largest producer of biodiesel, with a production\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/08\/flyer_nbg_agustus_2021.jpeg?fit=1084%2C1084&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/08\/flyer_nbg_agustus_2021.jpeg?fit=1084%2C1084&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/08\/flyer_nbg_agustus_2021.jpeg?fit=1084%2C1084&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/08\/flyer_nbg_agustus_2021.jpeg?fit=1084%2C1084&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/08\/flyer_nbg_agustus_2021.jpeg?fit=1084%2C1084&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":22514,"url":"https:\/\/gapki.id\/en\/news\/2023\/01\/03\/opinion-amid-all-electric-target-can-biodiesel-keep-own-market\/","url_meta":{"origin":26291,"position":4},"title":"OPINION: Amid All-Electric Target, Can Biodiesel Keep Own Market?","author":"admin","date":"January 3, 2023","format":false,"excerpt":"Prices for China\u2019s biodiesel exports have been rising significantly, from less than 7,000 yuan (US$1,050) a ton in January last year to a record high of over 12,000 yuan (US$1,723) in July 2022. The average price in the first seven months of 2022 also exceeded 11,000 yuan. Biodiesel stocks have\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/sawit_palmoil_purnomoyusgiantorocenter.org_.png?fit=860%2C514&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/sawit_palmoil_purnomoyusgiantorocenter.org_.png?fit=860%2C514&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/sawit_palmoil_purnomoyusgiantorocenter.org_.png?fit=860%2C514&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/sawit_palmoil_purnomoyusgiantorocenter.org_.png?fit=860%2C514&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":31769,"url":"https:\/\/gapki.id\/en\/news\/2026\/08\/16\/understanding-palm-biodiesel-and-fame-in-ris-energy-transition\/","url_meta":{"origin":26291,"position":5},"title":"Understanding Palm Biodiesel and FAME In RI\u2019s Energy Transition","author":"admin","date":"August 16, 2026","format":false,"excerpt":"Palm oil-based biodiesel has become one of the most successful downstream products in the Indonesian palm oil industries. Its use has not only reduced reliance on the fossil fuels, but also supporting the national energy resilience, creating added value to the palm oil industries, and contributing to the reduction of\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/08\/biodiesel-b100_fame___.jpg?fit=756%2C411&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/08\/biodiesel-b100_fame___.jpg?fit=756%2C411&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/08\/biodiesel-b100_fame___.jpg?fit=756%2C411&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/08\/biodiesel-b100_fame___.jpg?fit=756%2C411&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2017\/04\/biofuel-.jpeg?fit=610%2C335&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=26291"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/2398"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=26291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=26291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=26291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}