Italy Biofuels Market Size & Outlook, 2023-2030
Italy biofuels market, 2018-2030 (US$M)
Related Markets
Italy biofuels market highlights
- The Italy biofuels market generated a revenue of USD 658.2 million in 2023 and is expected to reach USD 1,454.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, solid biofuel was the largest revenue generating form in 2023.
- Liquid Biofuel is the most lucrative form segment registering the fastest growth during the forecast period.
Biofuels market data book summary
| Market revenue in 2023 | USD 658.2 million |
| Market revenue in 2030 | USD 1,454.6 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Solid biofuel |
| Fastest growing segment | Liquid Biofuel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solid Biofuel, Liquid Biofuel, Gaseous Biofuel |
| Key market players worldwide | Air Liquide SA, Archer-Daniels Midland Co, Bunge Global SA, Green Plains Inc, Petroleo Brasileiro SA Petrobras ADR, Chevron Corp, International Flavors & Fragrances Inc, Shell PLC, Wilmar International Ltd |
Other key industry trends
- In terms of revenue, Italy accounted for 0.7% of the global biofuels market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, France biofuels market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 2,296.5 million by 2030.
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Biofuels Market Scope
Biofuels Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy biofuels market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biofuels market will help companies and investors design strategic landscapes.
Solid biofuel was the largest segment with a revenue share of 53.27% in 2023. Horizon Databook has segmented the Italy biofuels market based on solid biofuel, liquid biofuel, gaseous biofuel covering the revenue growth of each sub-segment from 2018 to 2030.
The biofuel market in the country is driven by the efforts of the government to move toward decarbonization. Italy has been adhering to the EU's Renewable Energy Directive (RED). For instance, in 2017, the government of Italy launched the Italian National Energy Strategy (SEN), a 10-year plan, which has laid the foundation for the adoption of various advanced and innovative energy models for the country.
Some of the major targets included under the 2017 National Energy Strategy are as follows: Government efforts have resulted in vendors collaborating and aiding the country to reach its aforementioned targets.
Eni Sustainable Mobility will contribute USD 835 million in capital, plus an extra USD 50 million contingent on the completion of future project milestones, as well as expertise in biorefining operations, supply, and marketing.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy biofuels market , including forecasts for subscribers. This country databook contains high-level insights into Italy biofuels market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy biofuels market size, by form, 2018-2030 (US$M)
Italy Biofuels Market Outlook Share, 2023 & 2030 (US$M)
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