In 2023, the share of biomass in total domestic material consumption in India stood at a specific baseline, with forecasts indicating a steady decline in subsequent years. From 2024 to 2028, the share is expected to decrease from 33.35% to 31.27%. Year-on-year percentage variation shows a consistent drop, notably confirming a downward trend. The Compound Annual Growth Rate (CAGR) over the five-year forecast period reflects this continuous decline.
Future trends to watch include advancements in alternative energy sources, policy shifts favoring non-biomass materials, and innovations in biomass utilization technology, all of which may impact the share of biomass in domestic material consumption.