As of 2023, the share of biomass in Japan's total domestic material consumption was standing at 11.47%. From 2024 onwards, forecasts indicate a slight but steady increase in this share, reaching 11.69% by 2028. The year-on-year variation shows modest growth, with an approximate increase of 0.04-0.05 percentage points annually. Over the five-year period from 2024 to 2028, the compound average growth rate (CAGR) is minimal but consistently positive, reflecting a gradual shift towards increased biomass usage.
Future trends to watch for:
- Potential government policies promoting renewable energy.
- Technological advancements in biomass processing.
- Economic factors affecting raw material availability and cost.
- Public and industrial adoption of sustainable practices.
