Key Insights
The India biomass market, exhibiting a Compound Annual Growth Rate (CAGR) of 5.27% from 2019 to 2024, presents a significant opportunity for investors and businesses. Driven by increasing government support for renewable energy initiatives, rising energy demand, and growing awareness of environmental sustainability, the market is poised for robust expansion in the coming years. Factors such as the abundance of agricultural residues, dedicated policies promoting bioenergy, and technological advancements in biomass conversion technologies contribute to this growth. However, challenges like inconsistent raw material supply, high initial investment costs for biomass processing plants, and the need for improved infrastructure for biomass collection and transportation remain. The market segmentation likely includes various biomass types (agricultural residues, forestry waste, municipal solid waste), conversion technologies (biogas, bioethanol, bioelectricity), and end-use sectors (power generation, transportation fuels, heating). The competitive landscape comprises both established players like Emami Agrotech Ltd and Universal Biofuels Private Limited, and smaller, emerging companies. The market's future success hinges on effective policy implementation, technological innovation, and the development of efficient supply chains.
Given a CAGR of 5.27% from 2019-2024, and assuming a consistent growth rate for the forecast period (2025-2033), we can project future market size. While the exact 2019 market size is not provided, let’s assume a 2024 market size of 500 million for illustrative purposes (this is a reasonable estimate given the indicated CAGR and the size of the Indian renewable energy market). This means we would expect the following growth trajectory: continued growth in the coming years, with the market size driven by factors such as population growth, industrial expansion, and government support for renewable energy. However, potential restraints, such as land use conflicts and the need for technological advancements in biomass conversion, may influence the actual market growth. Competitive pressures will also play a role, with companies focusing on efficiency improvements and diversifying their product offerings to gain market share. The regional distribution within India will vary based on the availability of biomass resources and infrastructure development.

India Biomass Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the burgeoning India Biomass Market, encompassing market dynamics, growth trends, regional segmentation, product landscape, key players, and future outlook. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report is an indispensable resource for industry professionals, investors, and strategic decision-makers. The report analyzes the parent market of renewable energy and the child market of biomass energy in India. The total market size is estimated at xx Million units in 2025.
India Biomass Market Dynamics & Structure
The Indian biomass market is characterized by a moderately concentrated landscape, with a few major players and numerous smaller participants. Technological innovation, driven by the need for sustainable energy solutions, is a key driver. Government regulations, including subsidies and incentives for renewable energy, significantly influence market growth. Competitive substitutes, such as fossil fuels, pose a challenge, although increasing environmental concerns are shifting the balance. The end-user demographics are diverse, encompassing power generation, industrial applications, and residential heating. M&A activity has been relatively moderate, with xx deals recorded in the last five years, indicating potential for consolidation in the coming years.
- Market Concentration: Moderately concentrated, with the top 5 players holding approximately xx% market share in 2025.
- Technological Innovation: Strong focus on improving pellet production efficiency and exploring advanced biofuel technologies.
- Regulatory Framework: Supportive policies and incentives promoting biomass utilization.
- Competitive Substitutes: Fossil fuels remain the primary competitor, but their environmental impact is increasingly driving a shift towards biomass.
- End-User Demographics: Power generation (xx%), industrial (xx%), residential (xx%).
- M&A Trends: xx deals closed in the last five years, suggesting potential for future consolidation.
India Biomass Market Growth Trends & Insights
The India Biomass Market is experiencing robust growth, driven by increasing energy demand, government initiatives promoting renewable energy, and rising environmental awareness. The market size exhibited a CAGR of xx% during the historical period (2019-2024) and is projected to maintain a CAGR of xx% during the forecast period (2025-2033). This growth is fueled by technological advancements enhancing efficiency and cost-effectiveness of biomass conversion technologies. Consumer behavior is also shifting towards cleaner energy sources, boosting market adoption. Market penetration in rural areas is expected to increase substantially in the coming years.

Dominant Regions, Countries, or Segments in India Biomass Market
The northern and western regions of India are currently leading the biomass market, driven by favorable government policies, robust agricultural residue availability, and greater industrial concentration. States like Uttar Pradesh and Punjab are particularly prominent due to abundant agricultural biomass and supportive government initiatives.
- Key Drivers:
- Abundant agricultural residues (e.g., rice husk, sugarcane bagasse).
- Government policies and subsidies for renewable energy.
- Growing industrial demand for biomass-based energy.
- Development of biomass power plants.
- Dominance Factors: Higher agricultural output, existing infrastructure for biomass processing and transportation, supportive state-level policies.
- Growth Potential: Significant untapped potential in rural areas and underutilized biomass resources.
India Biomass Market Product Landscape
The Indian biomass market offers a diverse range of products, including biomass pellets, briquettes, and biogas. Recent innovations focus on improving pellet quality, enhancing energy density, and reducing emissions. Technological advancements include the use of torrefaction and gasification to increase efficiency. Unique selling propositions include cost-competitiveness compared to fossil fuels, environmental sustainability, and energy security.
Key Drivers, Barriers & Challenges in India Biomass Market
Key Drivers:
- Increasing energy demand and power shortages
- Government support for renewable energy and sustainability
- Abundant agricultural residues and forestry resources
- Cost-effectiveness compared to fossil fuels in certain applications
Key Challenges:
- Inconsistent supply of raw materials due to seasonal variations
- Lack of standardized quality control and certification
- High transportation costs in some regions
- Competition from established fossil fuel-based energy sources
Emerging Opportunities in India Biomass Market
- Untapped potential in rural electrification and decentralized energy systems.
- Growing demand for biofuels in transportation and other sectors.
- Increasing interest in biomass-based carbon capture and utilization technologies.
- Potential for creating value-added products from biomass residues.
Growth Accelerators in the India Biomass Market Industry
Technological advancements, such as improved biomass gasification and pyrolysis techniques, will significantly accelerate market growth. Strategic partnerships between energy companies, agricultural businesses, and technology providers are crucial for driving innovation and market expansion. Government policies fostering the development of sustainable biomass supply chains will play a vital role in fostering long-term growth.
Key Players Shaping the India Biomass Market Market
- Emami Agrotech Ltd
- Universal Biofuels Private Limited
- BIOD ENERGY (INDIA) PVT LTD
- EnviTec Biogas AG
- Aemetis Inc
- Monopoly Innovations Private Limited
- List Not Exhaustive
Notable Milestones in India Biomass Market Sector
- November 2023: The Ministry of Power announced a benchmark price of INR 2.27/1,000 kcal (USD 0.027/1,000 kcal) for non-torrefied biomass pellets in northern India (excluding the national capital region).
- February 2023: Aranayak Fuel and Power launched a INR 50-crore (~USD 6 million) biomass-based green hydrogen plant in Uttar Pradesh.
In-Depth India Biomass Market Market Outlook
The India Biomass Market is poised for substantial growth in the coming years, driven by strong government support, rising energy demand, and increasing awareness of environmental sustainability. Strategic investments in research and development, coupled with supportive policies and private sector participation, will unlock significant opportunities in various segments, leading to a more diversified and resilient energy landscape.
India Biomass Market Segmentation
-
1. Feedstock
- 1.1. Agriculture Waste
- 1.2. Wood and Woody Residue
- 1.3. Solid Municipal Waste
- 1.4. Other Feedstocks
-
2. Application
- 2.1. Power Generation
- 2.2. Heating
- 2.3. Other Applications
India Biomass Market Segmentation By Geography
- 1. India

India Biomass Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.27% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Favorable Government Support to Drive the Market4.; Abundant Availability of Feedstocks
- 3.3. Market Restrains
- 3.3.1. 4.; Favorable Government Support to Drive the Market4.; Abundant Availability of Feedstocks
- 3.4. Market Trends
- 3.4.1. The Power Generation Segment is Expected to Dominate the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. India Biomass Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Feedstock
- 5.1.1. Agriculture Waste
- 5.1.2. Wood and Woody Residue
- 5.1.3. Solid Municipal Waste
- 5.1.4. Other Feedstocks
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Power Generation
- 5.2.2. Heating
- 5.2.3. Other Applications
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. India
- 5.1. Market Analysis, Insights and Forecast - by Feedstock
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2024
- 6.2. Company Profiles
- 6.2.1 Emami Agrotech Ltd
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 Universal Biofuels Private Limited
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 BIOD ENERGY (INDIA) PVT LTD
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 EnviTec Biogas AG
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Aemetis Inc
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Monopoly Innovations Private Limited
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 1 *List Not Exhaustive 6 4 List of Other Prominent Companies6 5 Market Ranking Analysi
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.1 Emami Agrotech Ltd
List of Figures
- Figure 1: India Biomass Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: India Biomass Market Share (%) by Company 2024
List of Tables
- Table 1: India Biomass Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: India Biomass Market Revenue Million Forecast, by Feedstock 2019 & 2032
- Table 3: India Biomass Market Revenue Million Forecast, by Application 2019 & 2032
- Table 4: India Biomass Market Revenue Million Forecast, by Region 2019 & 2032
- Table 5: India Biomass Market Revenue Million Forecast, by Feedstock 2019 & 2032
- Table 6: India Biomass Market Revenue Million Forecast, by Application 2019 & 2032
- Table 7: India Biomass Market Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the India Biomass Market?
The projected CAGR is approximately 5.27%.
2. Which companies are prominent players in the India Biomass Market?
Key companies in the market include Emami Agrotech Ltd, Universal Biofuels Private Limited, BIOD ENERGY (INDIA) PVT LTD, EnviTec Biogas AG, Aemetis Inc, Monopoly Innovations Private Limited, 1 *List Not Exhaustive 6 4 List of Other Prominent Companies6 5 Market Ranking Analysi.
3. What are the main segments of the India Biomass Market?
The market segments include Feedstock, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
4.; Favorable Government Support to Drive the Market4.; Abundant Availability of Feedstocks.
6. What are the notable trends driving market growth?
The Power Generation Segment is Expected to Dominate the Market.
7. Are there any restraints impacting market growth?
4.; Favorable Government Support to Drive the Market4.; Abundant Availability of Feedstocks.
8. Can you provide examples of recent developments in the market?
November 2023: The Ministry of Power in India announced a benchmark price of INR 2.27/1,000 kcal (USD 0.027/1,000 kcal) for non-torrefied biomass pellets, which is applicable to northern India, excluding the national capital region. The pellets should have a moisture content below 14 pc and a gross calorific value between 2,800 and 4,000 kcal/kg. The price excludes tax and transportation costs for goods and services.February 2023: Aranayak Fuel and Power, an Indian-based biomass company, broke the ground on its INR 50-crore (~USD 6 million), one tonne-per-day, biomass-based green hydrogen plant in the Mirzapur district of Uttar Pradesh. The company signed an MoU with the state government during the ‘global investors’ meet’ in Uttar Pradesh.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "India Biomass Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the India Biomass Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the India Biomass Market?
To stay informed about further developments, trends, and reports in the India Biomass Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence