Global Biofuel Growth

Global biofuels sales are projected to rise from $150.9 billion in 2025 to $194.7 billion by the end of 2030, a compound annual growth rate of 5.2 % from 2025 through 2030. The surge is driven by mounting demand in transportation, aviation, and marine sectors as part of worldwide decarbonisation initiatives. Ethanol and renewable diesel are expected to make up two‑thirds of the total biofuel demand, while bioenergy remains the largest share of renewable energy production.