In 2023, the share of biomass in total domestic material consumption in the UK stood at approximately 34.5%. Forecasted data from 2024 to 2028 indicates a gradual increase in this share, rising to 36.2% by 2028. This steady growth reveals a positive trend, with an average annual increase of around 0.29 percentage points.
Year-on-year variations illustrate an incremental rise in the share of biomass consumption, indicating a modest but consistent upward trend over the years. The five-year CAGR is anticipated to reflect this slight but continuous expansion.
Future trends to watch:
- Potential policy changes promoting renewable resources.
- Technological advancements in biomass processing.
- Market reactions to environmental and economic shifts.
- Growth in circular economy practices influencing biomass share.
