Briquetting Machine Market size was valued at USD 1.07 Billion in 2023 and is anticipated to exceed USD 2.65 Billion by the end of 2036, expanding at over 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of briquetting machine is evaluated at USD 1.14 Billion. This growth is influenced by growing agricultural waste. Around 1 billion tonnes of agricultural waste are produced globally each year, and agriculture is responsible for around one-fifth of greenhouse gas emissions. This agriculture waste is then converted into briquetting to utilize it as fuel, and feedstock.
There has been growing concern about pollution in the environment. Fossil fuels release harmful greenhouse gasses into the environment which brings adverse effects on humans and animals. Fossil fuel-related CO2 is expected to reach about 35 billion tonnes, which would be a record high, globally. Hence, the preference for biogas is increasing among people.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7.2% |
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Base Year Market Size (2023) |
USD 1.07 Billion |
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Forecast Year Market Size (2036) |
USD 2.65 Billion |
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Regional Scope |
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Type (Hydraulic, Roller, Piston Type)
The roller segment in the briquetting machine market is poised to garner the highest revenue by 2036. Briquetting rollers take significantly less time. Additionally, they are incredibly energy-efficient, have a small footprint, and are simple to maintain. Hence, its use is estimated to grow for industrial production since the demand for production is on the rise.
Automation (Automatic, Semi-Automatic, Manual)
The semi-automated segment is set to dominate the market share in the coming years. Semi-automated manufacturing processes are more productive than fully automatic systems since more machines enable more material to be processed at the same time.
Semi-automatic lines are perfect for organizations that emphasize speed when there is a dependable staff. They are more accurate, faster, and safer than manual fabrication.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Automation |
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APAC Market Statistics
Asia Pacific briquetting machine market revenue will register substantial growth during the forecast period, backed by the growing adoption of renewable energy. By 2030, the APAC area is projected to produce 43% of its energy from renewable sources, owing to investments from China and Australia as well as Mongolia's significant potential. Moreover, budgets for the development of renewable energy are anticipated to rise in Southeast Asian nations, particularly Indonesia and Malaysia.
North America Market Forecast
The market for briquetting machine in the North American region is forecasted to have significant revenue share till 2036, led by growing investment in waste management projects.
Municipal solid trash, industrial garbage, and hazardous waste are merely a few of the waste kinds that are managed by the U.S. waste business. However, owing to the growing agricultural production the agriculture waste is also growing. This is further boosting demand for briquetting machines in this region.
Author Credits: Dhruv Bhatia
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