In 2023, the biomass consumption in the US stood at 35.86 Domestic Material Consumption (DMC) units. The forecasted values from 2024 to 2028 show a steady increase in biomass consumption. The year-on-year percentage variations are approximately as follows:
2024: 0.61%, 2025: 0.58%, 2026: 0.61%, 2027: 0.55%, and 2028: 0.57%. The average Compound Annual Growth Rate (CAGR) over the last five years is projected to be around 0.58%.
Future trends to watch for include advancements in biomass technology, potential government incentives for renewable energy adoption, and shifts in industrial and consumer behavior toward more sustainable practices. These factors could significantly impact the future trajectory of biomass consumption in the US.
