The global Briquette market size is projected to reach USD 1.82 billion by 2029

Briquette is made of agricultural and forestry residues such as rice stalk, straw, cotton stalk, bamboo sawdust, wood flour, ramie stalk, peanut husk, etc. It is produced by pellet machines or briquetteing machines, after going through several processing procedures, such as crushing, drying, mixing, molding or compressing, etc. And the final products are pellets and briquettes, which are used as a replacement for coal, gasoline gas and other traditional fossil fuels. Compared to fossil fuels, biomass molding fuel produce low net total greenhouse gas emissions because the materials used are already a part of the carbon cycle.

According to the international ISO 17225 STANDARD, solid biofuels, fuel specifications and classes, a briquette is a “densified biofuel made with or without additives, having a cubic, prismatic or cylindrical shape, with a 25 mm diameter, produced from woody biomass compression or crushed herb.”

According to the new market research report “Global Briquette Market Report 2023-2029”, published by GlobalInfoResearch, the global Briquette market size is projected to reach USD 1.82 billion by 2029, at a CAGR of 8.0% during the forecast period.

• Global Briquette MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Briquette Market 2023 by Manufacturers, Regions, Type and Briquette, Forecast to 2029”.

• Global Briquette Top19Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Briquette Market 2023 by Manufacturers, Regions, Type and Briquette, Forecast to 2029”.

The global key manufacturers of Briquette include BIOMAC, BMK Woods, BIOGRA, Biomass-wood, Wood Energo, VIGIDAS PACK, BALT WOOD, SGFE, Chardust, Global Woods Group, etc. In 2020, the global top 10 players had a share approximately 13.0% in terms of revenue.

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