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As indicated in the latest market research report published by IMARC Group, titled "India Biofuel Market Report by Type (Biodiesel, Ethanol, Others), Feedstock (Coarse Grain, Sugar Crop, Vegetable Oil, Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India biofuel market size reached USD 5.82 Billion in 2024 and expects the market to reach USD 9.87 Billion by 2033, exhibiting a growth rate (CAGR) of 6.05% during 2025-2033. Latest Market Trends: The biofuel industry in India is changing drastically, mainly due to the strong backing of the government through the Ethanol Blended Petrol (EBP) program which has established very high targets for ethanol blending in petrol. The push from the government to reach 20% ethanol blending has induced huge investments all over the value chain, from sugar mills that are increasing their distillation capacities to ethanol production units based on grains that are starting operations. Financial incentives, viability gap funding, and subsidies are allowing distilleries and agribusiness to expand the production volume, thus establishing a strong supply ecosystem. Furthermore, the market sees changes in strategical directives for the sector as well noting a distinct shift towards diversification of feedstock, and support for the use of agricultural residues, crop stubble, and other non-food biomass in the production of second-generation (2G) ethanol. Oil Marketing Companies are prepared to spend almost ₹14,000 crore to create 12 cutting-edge bio-refineries that will handle lignocellulosic materials without the need for food-based feedstocks. Apart from the strengthening of the supply chain resilience, such diversification also facilitates an additional income for the farmers as they are able to use the agricultural waste to generate money. The private sector involvement is growing at a speed that cannot be matched, the big energy corporations, the sugar mills, the international players are collaborating to combine advanced biofuel technologies in the market. Companies such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum are broadening their biofuel portfolios via additional production facilities and upgraded blending infrastructure. The use of biodiesel is on the rise due to the increased demand for the procurement of used cooking oil and non-edible oilseeds, which aligns with the circular economy principles. Besides that, new chances in sustainable aviation fuel (SAF) are luring pilot projects and commercial experiments, thus placing India among the major players in the global renewable energy transition. Request Free Sample Report: https://www.imarcgroup.com/india-biofuel-market/requestsample Market Scope and Growth Factors: India is turning away from the import of crude oil and adopting measures to secure the country's energy future, which is the major reason behind the increased market scope of India biofuel. Being the third-largest energy consumer in the world, India, the need for biofuels in the national energy mix, has not been greater than this. The new market scope covers the different applications, such as transportation, two-wheelers, four-wheelers, and commercial vehicles, where recent developments in the flex-fuel vehicle technology have led to the consumption of new materials in transport. Policies of the government are a basic support of the expansion of the market. The National Policy on Biofuels is providing a comprehensive framework with price support mechanisms, procurement guarantees, and infrastructure-induction initiatives, which go beyond just defining the role of biofuels. The goal set by the government to meet blending targets has also caused upgrades in the budget for the support of the sugar industry and for the development of the ethanol production infrastructure. Financial institutions are increasingly turning projects on biofuels into investment ventures which consequently is giving rise to the credits being made available for capacity expansion. Besides that, the market growth trend is solidified by the continued innovation in enzymatic conversion processes, waste-to-biofuel technologies, and production efficiency improvements. These novelties in production keep reducing the costs of the product and increasing the yield rates, therefore, the use of biofuels is becoming more and more on a par with fossil fuels. Consumers and businesses, the public at large, the great transition in awareness about climate change and the being of environmental sustainability - which are precisely the reasons for the demand of fuel alternatives that are cleaner. Likewise, the development of multimodal logistics infrastructure and ephemeral supply chain network have made the logistics of biofuels nationwide and, therefore, easy access even in the remotest areas of the market is ensured. Recent News and Developments:
Comprehensive Market Report Highlights & Segmentation Analysis: The market report offers a comprehensive analysis of the segments, highlighting those with the largest India Biofuel Market Share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments. Segmentation by Type:
Segmentation by Feedstock:
Segmentation by Region:
Competitor Landscape: The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing:
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-biofuel-market Key highlights of the Report:
Major Advantages of the Report:
Why Choose IMARC Group:
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs. Discuss Your Needs with Our Analyst – Inquire or Customize Now: https://www.imarcgroup.com/request?type=report&id=30351&flag=C About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise. Contact US IMARC Group
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2025.10.08 18:31:26
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