Biofuel from Sugar Crops Market by Application and Geography - Forecast and Analysis 2022-2026

According to the research report, the biofuel from the sugar crops market will witness a growth of 3.11% with a CAGR of 3.93%, which is expected to increase by USD 635.34 million during the forecast period 2021 to 2026.

This biofuel from sugar crops market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers biofuel from sugar crops market segmentation by application (aviation, automotive, power, and marine) and geography (South America, APAC, North America, Europe, and the Middle East and Africa). The biofuel from sugar crops market report also offers information on several market vendors, including Abengoa SA, ALTO INGREDIENTS INC., Archer Daniels Midland Co., Aurora Cooperative Elevator Co., BP Plc, Bunge Ltd., Cargill Inc., Chevron Corp., GranBio Investimentos SA, Greenfield Global Inc., My Own Eco Energy Pvt. Ltd., POET LLC, Shell plc, SZVG eG, The Dow Chemical Co., VERBIO Vereinigte BioEnergie AG, Wilmar International Ltd., and Woodland Biofuels Inc. among others.

What will the Biofuel From Sugar Crops Market Size be During the Forecast Period?

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Biofuel From Sugar Crops Market: Key Drivers, Trends, and Challenges

The increased adoption of renewable sources of energy is notably driving the biofuel from sugar crops market growth, although factors such as fluctuations in oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on biofuel from the sugar crops industry. The holistic analysis of the drivers will help deduce end goals and marketing strategies to gain a competitive edge.

Key Biofuel From Sugar Crops Market Driver

The increased adoption of renewable sources of energy is one of the major drivers impacting the sugar crops market growth.  Renewable sources of energy are now cost-competitive with fossil fuels and are now considered established sources of primary energy in various countries. As per the US Energy Information Administration, in 2021, the share of renewables in electricity generation in the US will increase from 21% in 2020 to 42% in 2050. Several countries in Europe, including Norway, Iceland, and Sweden, meet more than half of their total annual energy requirements through renewable sources of energy. The need to reduce GHG emissions and the increased adoption of renewables will be major driving forces for the growth of the global biofuel from sugar crops market during the forecast period.

Key Biofuel From Sugar Crops Market Trend

The rising use of cleaner fuels is one of the major trends influencing the sugar crops market growth. Biofuel blends are used in vehicles with little or no modification required in vehicle engines. This is encouraging the use of blended biofuels worldwide due to the implementation of stringent emission norms in European countries. Also, European countries are known for their early adoption of stringent emission norms. Currently, Euro-VI emission norms have been established in European nations and are the basis of emission norms in other countries such as India. This has compelled countries globally to increase the use of renewable fuels such as ethanol in the transportation sector and use renewable sources such as wind and solar for power generation operations. Developing nations such as India and China have been marred by increasing pollution, and to reduce GHG emissions, these countries must implement strategies to utilize more renewable fuels in the transportation sector.

Key Biofuel From Sugar Crops Market Challenge

Fluctuations in oil prices are one of the major challenges impeding the sugar crops market growth. Crude oil and natural gas prices are very volatile and may shift in any direction at any time, with high uncertainty. Frequent fluctuations in global crude oil prices disrupt the various activities in the oil and gas value chain. Although biofuel from sugar crops offers several advantages over fossil fuels, including lower GHG emissions and similar vehicular functions, its price is relatively on the higher side when compared with conventional fuels. Low crude oil prices have led to the decline in the retail cost of gasoline and diesel as well as a shift in the focus of consumers away from biofuels toward conventional fuels owing to their easy availability and current lower prices. Therefore, the volatility in crude oil prices will remain a threat to the global biofuel from the sugar crops market during the forecast period.

This biofuel from sugar crops market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global biofuel from sugar crops market as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of biofuel from the sugar crops market during the forecast period.

Who is the Major Biofuel From Sugar Crops Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Abengoa SA
• ALTO INGREDIENTS INC.
• Archer Daniels Midland Co.
• Aurora Cooperative Elevator Co.
• BP Plc
• Bunge Ltd.
• Cargill Inc.
• Chevron Corp.
• GranBio Investimentos SA
• Greenfield Global Inc.
• My Own Eco Energy Pvt. Ltd.
• POET LLC
• Shell plc
• SZVG eG
• The Dow Chemical Co.
• VERBIO Vereinigte BioEnergie AG
• Wilmar International Ltd.
• Woodland Biofuels Inc.

 

This statistical study of the biofuel from sugar crops market encompasses successful business strategies deployed by the key vendors. The biofuel from sugar crops market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and the information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Biofuel From Sugar Crops Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the biofuel from sugar crops market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profits and also optimization and evaluation of business strategies The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Biofuel From Sugar Crops Market?

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37% of the market’s growth will originate from APAC during the forecast period. India and China are the key markets for the biofuel from sugar crops market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

High production of sugar crops such as sugarcane, government-mandated use of ethanol, and the financial advantages of biofuel over conventional fuels will facilitate the biofuel from sugar crops market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The pandemic negatively impacted the growth of the regional biofuel from sugar crops market in 2020 and is expected to hinder the potential market growth during the forecast period. The pandemic affected the GDP of the region. As a result, economic activities declined in 2020, which negatively impacted the growth of the biofuel from sugar crops market in the region. However, the lifting of lockdowns in various countries, such as Brazil, Argentina, and Chile in South America and the gradual recovery of economies from the pandemic in 2021 encouraged major energy industry players to increase their renewable energy capacities. South America is already the world's largest producer of biofuel, and the region has ample room to increase production. Countries such as Brazil, Argentina, Colombia, Paraguay, and Costa Rica largely contribute to the growth of the regional market in focus, which is expected to drive the growth of the biofuel from sugar crops market in South America during the forecast period.

What are the Revenue-generating Application Segments in the Biofuel From Sugar Crops Market?

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The biofuel from sugar crops market share growth in the aviation segment will be significant during the forecast period. The aviation industry is one of the largest emitters of GHGs in the world. To achieve the global climate-related goals outlined in the 2015 Paris Agreement, the aviation industry must switch to more sustainable, renewable fuels.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biofuel from sugar crops market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Biofuel From Sugar Crops Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.93%
Market growth 2022-2026	$635.34 million
Market structure	Fragmented
YoY growth (%)	3.11
Regional analysis	South America, APAC, North America, Europe, and the Middle East and Africa
Performing market contribution	APAC at 37%
Key consumer countries	US, India, China, France, and Brazil
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Abengoa SA, ALTO INGREDIENTS INC., Archer Daniels Midland Co., Aurora Cooperative Elevator Co., BP Plc, Bunge Ltd., Cargill Inc., Chevron Corp., GranBio Investimentos SA, Greenfield Global Inc., My Own Eco Energy Pvt. Ltd., POET LLC, Shell plc, SZVG eG, The Dow Chemical Co., VERBIO Vereinigte BioEnergie AG, Wilmar International Ltd., and Woodland Biofuels Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Biofuel From Sugar Crops Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive biofuel from sugar crops market growth during the next five years
• Precise estimation of the biofuel from sugar crops market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the biofuel from sugar crops industry across South America, APAC, North America, Europe, the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of biofuel from sugar crops market vendors

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