The share of biomass in total domestic material consumption in the US is projected to increase steadily from 27.08% in 2024 to 27.89% in 2028. This represents a gentle upward trend over the forecasted years, with a consistent year-on-year increase. The data indicates a gradual adoption of biomass over traditional materials.
In 2023, the share stood at approximately 26.88%. Between 2023 and 2024, there is a noticeable increase of roughly 0.20%, showcasing a modest yet positive progression. The five-year CAGR forecasts a sustained growth pattern for biomass consumption relative to total material consumption.
Future trends to watch for include:
- Technological advancements that improve biomass efficiency and reduce costs.
- Policy incentives encouraging the use of renewable materials like biomass.
- Consumer preference shifts toward sustainable materials influencing demand.
- Potential competition or collaboration with other renewable energy sources.
