According to Cognitive Market Research, the global bulk biomass briquette fuel market size is USD 9458.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market, accounting for more than 40% of global revenue. With a market size of USD 3783.28 million in 2024, it will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2837.46 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2175.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 472.91 million in 2024, and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 189.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The bulk biomass briquette held the highest bulk biomass briquette fuel market revenue share in 2024
