USD million
Report ID:
SQSG20J2001 |
Region:
Global |
Published Date: February, 2024
Pages:
249
|Tables:
89
|Figures:
76
Sugarcane Bagasse Market size was valued at USD 945.3 Million in 2023 and is poised to grow from USD 987.84 Million in 2024 to USD 1265.5 Million by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
The predicted rise in bagasse availability is driven by rising sugar demand, and sugarcane is the world's most significant source of sugar. However, sugar companies are among the most polluting in terms of solid waste, wastewater, and gaseous emissions of carbon monoxide, volatile organic compounds, and greenhouse gases during crop cultivation.
Industrial biotechnology advancements provide prospective options for the economic exploitation of agro-industrial leftovers. Sugarcane bagasse is a significant by-product of the sugarcane industry. It is composed of approximately 50% cellulose, 25% hemicellulose, and 25% lignin. Because of its abundance, it can serve as a perfect substrate for microbial activities that produce value-added products such as protein-enriched animal feed, enzymes, amino acids, organic acids, and chemicals of therapeutic interest, among other things. Because microorganisms decompose untreated bagasse relatively slowly, a pre-treatment step may be beneficial for enhanced substrate utilization.
Bagasse is made up of around 50% cellulose and 25% hemicellulose and lignin. Bagasse is composed of approximately 50% -cellulose, 30% pentosans, and 2.4% ash. Bagasse has various benefits for application in bioconversion processes involving microbial cultures due to its low ash level. In addition, when compared to other agricultural wastes, bagasse may be regarded a rich solar energy reservoir due to its high yields (approximately 80 tonnes per hectare vs 1, 2, and 20 tonnes per hectare for wheat, other grasses, and trees, respectively) and yearly regeneration capability.
US Sugarcane Bagasse Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD million
Largest Segment
Energy
Fastest Growth
Energy
Growth Rate
4.5% CAGR
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Global Sugarcane Bagasse Market is segmented based on Application, sales channel, end user, and region. Based on the Application, the Sugarcane Bagasse Market is segmented as Energy, Biochemicals, Materials, and Food/Feed. By sales channel, the Sugarcane Bagasse Market is segmented into Indirect Sales and Direct Sales. By end user, the Sugarcane Bagasse Market is segmented into Commercial Use and Household. Based on Region, Sugarcane Bagasse Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Sugarcane Bagasse Market Analysis by Application
In terms of application, global sugarcane bagasse market is largely dominated by the energy sector. Bagasse is currently primarily utilised as a fuel in the sugarcane sector to meet its own energy needs. However, there is an excess of bagasse that might be transferred to other applications, including as the synthesis of single cell protein, ethanol, enzymes, and food additives like vanillin and xylitol.
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Geographically, Brazil, India, Thailand, and China have dominated the Sugarcane Market, with this country producing the majority of the sugarcane. Because India is the major producer of sugarcane, Asia Pacific is expected to develop the quickest. Growing consumption and changing lifestyles of individuals throughout the world are predicted to be important growth factors over the research period. Sugarcane is one of the most significant commercial crops and the most lucrative crop since it is the primary raw material used in the production of sugar, ethanol, and jaggery. Sugarcane is also considered to be one of the most effective biomass sources for biofuel. Sugarcane products also contain by-products that are used to feed cattle in several countries. Sugarcane agriculture began in the Indian Subcontinent, and it was exported to other countries. However, sugarcane is now grown in the majority of warm-weather nations.
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Sugarcane Bagasse Market Driver
Multiple applications of sugarcane bagasse
Sugarcane Bagasse Market Restraint
Storage of significant amounts of bagasse for extended periods of time for off-season electricity generation coupled with waste generation
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The Global Sugarcane Bagasse Market is relatively consolidated, with a very high level of competition. Companies are working on R&D and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.
Sugarcane Bagasse Market Top Player's Company Profiles
Sugarcane Bagasse Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Sugarcane Bagasse Market Analysis, Latin America is projected to show significant growth over the forecast period. The most typical application of bagasse is combustion or incineration in a boiler for steam generation in a cogeneration system for steam and electricity generation. This provides for the delivery of heat and electricity to the sugar and ethanol processes, as well as the export of any excess. Power production has been substantially supported by government incentives in nations where the sugarcane sector is well developed, such as Brazil, and may be a significant income component after sugar and ethanol sales.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 945.3 Million |
Market size value in 2032 | USD 1265.5 Million |
Growth Rate | 4.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sugarcane Bagasse Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sugarcane Bagasse Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sugarcane Bagasse Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sugarcane Bagasse Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQSG20J2001
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