Biodiesel Sourcing Intelligence Forecast To Register CAGR Of Over 10% Till 2030
Biodiesel Procurement Intelligence The biodiesel category is anticipated to grow at a CAGR of 10% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 35.30 billion with North America leading the market share due to their rule that requires diesel fuel to contain 15% biodiesel by volume. The need for a more effective, long-term solution for decreasing greenhouse gas emissions and addressing climate change issues is the primary driver of its growth. Government support and policies to promote the use of the category play a significant role in the market. For instance, in August 2022, the U.S. approved the Inflation Reduction Act which includes incentives for biodiesel and advanced fuels production. Order your copy of the Biodiesel category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-c...