Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Briquetting Machine Market size was over USD 1.15 billion in 2024 and is projected to reach USD 2.87 billion by 2037, witnessing around 7.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of briquetting machine is evaluated at USD 1.29 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.
