The biorefinery market is rapidly expanding as the world shifts towards sustainable and eco-friendly alternatives to traditional fossil fuels. Biorefineries are crucial in converting biomass into value-added products, including biofuels, biochemicals, and bioplastics. These products offer significant environmental benefits, reducing greenhouse gas emissions and reliance on fossil resources. Here, we’ll explore the top 20 companies in the biorefinery products and applications market, highlighting their innovative contributions to sustainability.
The global market for biorefinery products and applications was valued at $715.7 billion in 2023. It is projected to expand from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029. This growth is driven by rising demand for sustainable products, advancements in biorefining technologies, and supportive regulatory frameworks.