In Maryland, Fact.Mr reported that the global bio-feedstock market is expected to reach $224.9 billion by 2035, up from $115 billion in 2024.
During the forecast period from 2025 to 2035, the industry is projected to expand at a CAGR of 6.3%, as the market emerges to meet the growing demand for sustainable raw materials in various industries, the research firm said.
The report noted that the increased demand for bio-feedstock in support of the sustainability of sustainable aviation fuels, renewable diesel, and low-carbon consumer products by major industries is also a confirming factor for the growth of bio-feedstocks.
“Wheat straw, corn stover, and rice husks are agricultural wastes that are quickly becoming leaders in sustainable bio-feedstock supply. With large-scale agricultural activities, residues are available in substantial quantities, making the material base economical and environmentally friendly,” the report added.
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Category: Food & Agriculture
