Briquetting Machines Market Size, Share, and Industry Analysis, By Product Type (Screw Type, Hydraulic Type, Piston Type, and Roller Type), Automation (Manual, Semi-Automatic, and Automatic), By End-Use Industry (Agriculture, Forestry, Food and Beverages, Metal and Metalworking, and Others), and Regional Forecast, 2024-2032

Briquetting machines are agricultural equipment used to compress granular or powdered materials into briquettes or solid forms. Materials in the briquette forms can be easily stored and used for recycling purposes. These machines use agricultural waste to bind it into uniform shape and size for easy handling and transportation at different places. Briquettes are a solid form of waste materials used as a type of fuel source. These briquettes can also be used for heating, cooking, and electricity using bio-waste.

Increasing awareness about alternate fuels, expanding agriculture and forestry sector, policies supporting recycled bio-fuels, and soaring demand for integrated machines are supporting the sales of the briquetting machines across various geographies. Several programs are being launched to support the use of bio-fuel pellets and briquettes to reduce carbon footprint. For instance, the Ministry of New and Renewable Energy of India (MNRE) launched the National Bioenergy Programme in 2022 and will extend in two phases until 2025-26. Such government initiatives, rising awareness about eco-friendly fuels, and supporting policies for environment safe methods to generate energy are altogether impacting the market demand for machines.

Several sectors such as thermal power, cement, and steel are looking for new alternatives of fossil fuels to reduce carbon emissions. In response to this, manufacturing companies are focusing on the development of briquetting machines to produce briquettes and pellets of recyclable materials. For instance,

• In July 2023, the Indian Centre of Innovation at IIT Mandi in the Himalayan region introduced a new briquetting machine to reduce carbon emissions due to toxic gases. In addition, the center is working with the state government to set up plants for bio-energy production using these briquetting machines.

The COVID-19 pandemic had spread across the globe, severely impacting the manufacturing organizations facing operational challenges during the year. Temporary shutdowns, government restrictions, international trade barriers, and supply chain disruption are few of the prominent factors responsible for the decline in these machine sales. The increasing awareness about reducing carbon emissions and clean energy sources had shown impact post the pandemic period. After the pandemic, briquetting machines recorded a rebound and a moderate demand across geographies in the past few years.

Post pandemic, the global economy has seen revival across industries which is anticipated to resume the manufacturing facilities and minimize the impact of trade restrictions. The increasing demand for sustainable and advanced biofuels is set to boost the demand for briquettes and pellets ultimately generating market revenue for the machines.

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by Key Players


• Impact of COVID-19 on the Briquetting Machines Market


• Consolidated SWOT Analysis of Key Players

Segmentation

By End-Use Industry Analysis

By end-use industry, the briquetting machine market has been classified into agriculture, forestry, food and beverages, metal and metalworking, and others. Briquetting machines find their prominent application in the agriculture industry due to the high amount of waste production. Waste materials such as sugarcane bagasse, rice and wheat straws, cotton stalks, and fruit branches are gaining traction as alternative fuel options. Several economies are taking measures to protect their biodiversity and reduce carbon emissions. African Union Climate Change and Resilient Strategy and Action Plan frameworks by the African Union support renewable energy sources. For instance, Africa’s Union Agenda focuses on establishing briquette manufacturing plants in the region to optimally utilize the agricultural waste generated in the region.

The establishment of production plants and installation of briquette making machines in the agriculture sector is supposed to boost the machine demand. The rising adoption of renewable energy sources across sectors is expected to create lucrative market opportunities for machine manufacturers. Briquetting machine suppliers are highly focused on providing customer-oriented solutions to end users, benefitting both the end-users and the environment.

Regional Analysis

The global briquetting machines market is divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America. The Asia Pacific is estimated to lead the market demand for briquetting machines.

Agro- and forestry waste lack in effective management across several regions. However, countries in the Asia Pacific are constantly focusing on reducing dependency on non-renewable fossil fuels and diverting their fuel dependency on cleaner energy sources. Several supportive policies, subsidies, and incentives by the government are further boosting the establishment of briquetting plants and increasing dependency on biomass briquettes across the region. For instance, the Agriculture Infrastructure Fund Scheme in India provides interest subvention of 3% per annum on loans for 7 years. Moreover, along with waste reduction, the high-quality machine helps in long term cost reduction for the end-users. The establishment of new businesses for briquette manufacturing in countries such as Indonesia, China, and India will provide opportunities for machine manufacturers over the forecast period.

As various regions and countries are moving toward eco-friendly energy products, the Middle East & Africa is expected to record growth prospects for briquetting machines as the region produces large amount of bio-waste. Several countries in Africa and the Middle East are mainly based on wood for energy sources due to its easy availability and affordability. Therefore, government institutions and public unions in the region are adopting stringent measures to effectively utilize agro and forest waste.

By region, the distribution of the briquetting machines market is as follows:

• North America – 22%


• South America – 6%


• Europe – 25%


• The Middle East & Africa – 12%


• Asia Pacific – 35%

Key Players Covered

Few of the key players in the market include Anyang Gemco Energy Machinery Co.,Ltd., Ecostan India Pvt. Ltd., Henan Ling Heng Machinery Co., Ltd., Ronak Engineering, and K.R. KOMAREK Inc.

Key Industry Developments                                                                                         

• December 2019: GreenVinci Biomass Energy Co., Ltd. sold its 9 sets of biomass briquette machines to Indian customers for various raw materials such as sawdust and agricultural and forestry waste.