The South Korea Biomass Market Size was estimated at 2.36 (USD Billion) in 2023. The South Korea Biomass Industry is expected to grow from 2.41(USD Billion) in 2024 to 4.3 (USD Billion) by 2035. The South Korea Biomass Market CAGR (growth rate) is expected to be around 5.385% during the forecast period (2025 - 2035).
The South Korea Biomass Market has been expanding in response to the country's efforts to reduce greenhouse gas emissions and diversify its energy sources. The government's dedication to renewable energy is a significant market driver, as evidenced by initiatives that are consistent with the country's energy transition plan. The objective of this strategy is to augment the proportion of renewable energy in the overall energy balance, which encompasses biomass as a viable substitute for fossil fuels. Additionally, the nation is emphasizing the development of its rural economies through the utilization of agricultural refuse and organic materials for biomass production, which is beneficial for both environmental sustainability and energy security.
Opportunities for investigation in the South Korean biomass market include the establishment of efficient supply chains for feedstock procurement and the development of advanced technologies for biomass conversion. There is an increasing interest in the co-firing of biomass and coal in existing power plants, as this approach has the potential to reduce emissions while ensuring the stability of the energy supply. Additionally, the increasing awareness of sustainable practices among consumers is resulting in a demand for biomass energy solutions, particularly in urban areas. In recent years, there has been a rise in the number of public and private partnerships that are designed to promote innovation in biomass technology and expand capacity.
The increasing prevalence of biogas production from waste materials is also indicative of a transition to circular economy principles. Additionally, South Korea is actively engaged in international collaborations that are addressing climate change through biomass initiatives, which further solidifies its dedication to sustainable energy development. In general, the South Korean biomass market is transforming, with a focus on sustainability, technology, and collaboration in order to accelerate the adoption of biomass energy solutions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The South Korean government has been increasingly focused on reducing greenhouse gas emissions and transitioning towards cleaner energy sources. As part of this initiative, the government has implemented various policies to promote renewable energy, including biomass. For instance, the South Korean Ministry of Trade, Industry, and Energy (MOTIE) has set targets aimed at achieving a 20% share of renewable energy in the national energy mix by 2030. In addition, the government provides financial incentives and subsidies for biomass energy projects, which could potentially help increase the biomass market's value significantly in the coming years.
The push towards renewable energy is further bolstered by strategic plans laid out in the country's energy roadmap that involve enhancing technology and infrastructure for biomass utilization. This solid regulatory framework not only fosters growth in the South Korea Biomass Market Industry but also aligns with international commitments to curtail climate change.
There is a notable increase in the demand for sustainable energy sources in South Korea, driven by a growing public awareness of environmental issues and the need for energy security. The South Korean government estimates that by 2025, the demand for renewable energy, including biomass, will rise sharply, with projections indicating that biomass can provide significant contributions to the country’s energy needs. Furthermore, local communities and organizations are increasingly investing in biomass technology as part of efforts to reduce dependency on fossil fuels.
This consumer trend is supported by the South Korea Biomass Market Industry, with growing collaborations between private and public sectors aimed at advancing biomass technology and solutions, illustrating a clear commitment to achieving environmental sustainability.
Significant advancements in biomass conversion technologies, such as gasification and anaerobic digestion, are playing a crucial role in the growth of the South Korea Biomass Market Industry. According to regional experts, these technologies are improving efficiency and lowering costs associated with biomass energy production. Companies in South Korea, such as Korea Electric Power Corporation (KEPCO), are heavily investing in Research and Development (R&D) to innovate better conversion methods for biomass.
This heightened focus on technological innovation is likely to enhance energy yield from biomass resources. Additionally, academic institutions are collaborating with industry players to advance these technologies, which tend to lead to higher adoption rates of biomass energy solutions in both industrial and residential settings.
South Korea faces significant challenges in waste management, with the country generating enormous amounts of organic waste annually. Currently, a substantial portion of this waste is incinerated or sent to landfills, which poses environmental risks. The Ministry of Environment in South Korea has reported that waste generation could increase by 6% annually, necessitating innovative solutions. Biomass energy presents a sustainable solution by converting organic waste into energy, thereby tackling both waste management and energy production issues.
The South Korea Biomass Market, particularly in the Feedstock segment, is experiencing notable advancements, fostering growth in diverse areas. Food crops play a critical role in this sector as they provide essential bioenergy sources; they are often sourced from grains and oilseeds, making them vital for the production of biofuels and biogas. Non-food crops are also significant as they offer alternative biomass sources that can be cultivated specifically for energy purposes, enhancing energy security. Additionally, wood biomass contributes largely to the energy mix, leveraging the country's forest resources and supporting sustainable forestry practices. Agricultural residue, comprising leftover materials from crop harvesting, presents substantial potential for biomass energy production, minimizing waste and facilitating circular economy principles. Municipal Solid Waste (MSW) is another innovative aspect as it helps in addressing waste management challenges while generating energy, thereby promoting sustainability. Microalgae represent an emerging area within this market, offering high biomass yield and can be utilized for various applications, including biofuels and animal feeds. The other segment encapsulates miscellaneous materials that may derive from various sectors, enhancing the diversity of feedstock for energy conversion.
As the South Korea government aims to reduce carbon emissions and increase renewable energy use, the Feedstock segment plays a pivotal role in shaping the overall energy landscape. This market is propelled by growing awareness of climate change effects, alongside significant research and investment into sustainable biomass solutions. However, challenges such as feedstock availability, quality control, and the need for technological advancements must be addressed to realize the full potential of the South Korea Biomass Market. The trends toward more eco-friendly and renewable energy sources indicate a positive trajectory for the industry, presenting opportunities for stakeholders to invest in innovative methods of biomass production and processing. The overall statistics provide insight into a promising future driven by government policies and societal shifts toward sustainability, reflecting an upward trend in the South Korea Biomass Market industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Technology segment of the South Korea Biomass Market is increasingly gaining attention and importance due to its diverse application and efficiency in energy conversion processes. Combined Heat and Power (CHP) is a significant player in this segment, providing efficiency through the simultaneous generation of electricity and useful heat, which enhances energy reliability and reduces greenhouse gas emissions. Anaerobic Digestion and Feedstockification stand out for their role in waste management, transforming organic matter into biogas, thus contributing to a circular economy by recycling waste while generating energy.
Co-firing aligns well with South Korea's energy transition goals by enabling the use of biomass alongside fossil fuels, thereby mitigating carbon emissions while maximizing the utilization of existing infrastructure. The Landfill Feedstock approach is equally vital, as it helps in diverting organic waste from landfills, promoting environmental sustainability. Overall, the segment is anticipated to witness substantial growth, driven by advancements in technology, supportive government policies, and increasing investment in renewable energy infrastructure.
The South Korea Biomass Market presents a robust opportunity for innovation and sustainability in the energy landscape.
A diverse range of products characterizes the South Korea Biomass Market, each contributing significantly to the overall landscape. Among these products, Biodiesel plays a crucial role, supported by government initiatives aimed at reducing greenhouse gas emissions and promoting renewable energy sources. Biomethanol, another important product, is gaining traction as an efficient energy carrier, aligning with South Korea's commitment to implementing sustainable and efficient energy solutions. BioFeedstock serves as a vital raw material for various bio-based processes, ensuring resource efficiency and helping the country transition towards a circular economy.
The remaining products, collectively categorized as Others, showcase the market's innovation and versatility, addressing specific industrial needs or niches. The government's strong backing of renewable energy projects and the shift towards sustainable alternatives further amplify the significance of these segments in the South Korea Biomass Market. Additionally, competitive dynamics within the market fuel innovation, providing opportunities for growth and development across all product categories, thereby enhancing the overall service delivery in the industry.
The South Korea Biomass Market is witnessing considerable growth across its diverse end-use segments, notably industrial, commercial, and residential applications, reflecting a significant shift towards renewable energy sources. The industrial sector is increasingly adopting biomass as an alternative energy source, driven by sustainability goals and stringent regulations aimed at reducing carbon emissions. In the commercial domain, businesses are recognizing the benefits of biomass for energy efficiency and cost savings, leading to an uptick in installations and usage.
The residential market plays a crucial role as homeowners seek to lower their energy bills and contribute to environmental conservation efforts. Each section represents unique opportunities: industries leverage biomass to meet energy demands while reducing operational costs, commercial entities aim for greener practices to enhance brand reputation, and residential users benefit from homegrown energy solutions. Overall, the segmentation of the South Korea Biomass Market showcases varied drivers that contribute to market growth, addressing environmental concerns, advancing technology, and increasing governmental support for renewable energy initiatives.
The South Korea Biomass Market is characterized by a growing emphasis on renewable energy sources, where biomass plays a pivotal role in achieving sustainability and energy independence. As South Korea seeks to enhance its energy diversification strategies, the biomass sector is gaining traction due to favorable government policies, environmental concerns, and advancements in biomass technologies. The competitive landscape reflects a mix of traditional energy companies and specialized firms dedicated to harnessing biomass resources, leading to dynamic interactions and collaborations aimed at optimizing production and distribution. This environment fosters innovation and investment, positioning the biomass market as a significant contributor to South Korea's overall energy mix.
SK E and S have established a formidable presence in the South Korea Biomass Market by focusing on innovative energy solutions and sustainable practices. The company is recognized for its commitment to expanding renewable energy capacities, with biomass serving as a key component of its strategy to reduce carbon footprints and enhance energy security. Through strategic initiatives, SK E and S emphasize technological advancements in biomass conversion and processing, which enable efficient energy production. The firm's strengths lie in its robust infrastructure, extensive research capabilities, and strong market reputation, as it continuously seeks partnerships and collaborations to foster growth within the biomass sector. SK E and S remains a leading player, boasting a diversified portfolio that leverages its competencies in energy production and sustainability.
Korea Hydro and Nuclear Power is another significant entity in the South Korea Biomass Market, primarily focused on the integration of renewable energy solutions into the national grid. The company provides essential services and products relating to biomass energy, working towards optimizing energy generation from organic materials while maintaining safety and efficiency standards. Korea Hydro and Nuclear Power stands out for its market presence, attributed to its experience and technological expertise in energy generation. The company actively pursues modernization initiatives, enhancing its biomass capacity through various projects aimed at improving conversion efficiency and promoting renewable resource utilization. Its strengths lie in comprehensive operational frameworks, consistent investments in research and development, and collaborations with local and international partners. The company's strategic mergers and acquisitions further solidify its position in the sector, allowing for synergistic advancements that enhance its capabilities in managing biomass energy resources effectively within the South Korean context.
The South Korea Biomass Market has been witnessing significant developments recently, particularly in enhancing renewable energy strategies amid the nation's commitment to carbon neutrality by 2050. The Korean Bioenergy Association is actively promoting biomass energy utilization, and companies like SK E and S are focusing on expanding their biomass facilities. In October 2023, Korea Hydro and Nuclear Power initiated a partnership with several local firms to establish innovative biomass energy solutions, reflecting an increasing collaboration within the sector. Furthermore, the Korea Research Institute of Bioscience and Biotechnology is engaging in advanced Research and Development initiatives to improve biomass conversion technologies. The market is also experiencing a surge in investments, with companies like Hanwha Energy and GS Energy announcing expansions of their biomass energy projects, contributing to an optimistic growth outlook for the sector. Notably, in September 2022, Daewoo International signed a crucial agreement for biomass fuel supply, marking a crucial step in the market’s evolution. The overall market valuation is projected to increase as the demand for sustainable energy solutions continues to rise, driven by government policies and corporate strategies focusing on renewable energy resources.
| Report Attribute/Metric | Details |
| Market Size 2023 | 2.36(USD Billion) |
| Market Size 2024 | 2.41(USD Billion) |
| Market Size 2035 | 4.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 5.385% (2025 - 2035) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | SK E and S, Korea Hydro and Nuclear Power, Korean Bioenergy Association, Socar, Korea Biomass Energy, Hanwha Energy, Hyundai Engineering, Korea Electric Power Corporation, Daewoo International, LG Chem, Korea Carbon Neutrality Development Institute, Korea Research Institute of Bioscience and Biotechnology, Samsung C and T, GS Energy |
| Segments Covered | Feedstock, Technology, Product, End Use |
| Key Market Opportunities | Increased government incentives, Sustainable energy transition, Agricultural waste utilization, Advanced biofuel development, Biomass power generation growth |
| Key Market Dynamics | government policies and incentives, rising renewable energy demand, technological advancements in biomass, sustainable waste management practices, increasing investment in green technologies |
| Countries Covered | South Korea |
Frequently Asked Questions (FAQ) :
The South Korea Biomass Market is expected to be valued at 2.41 billion USD in 2024.
By 2035, the South Korea Biomass Market is projected to reach a value of 4.3 billion USD.
The CAGR for the South Korea Biomass Market is anticipated to be 5.385% from 2025 to 2035.
The Food Crop segment is expected to reach 1.15 billion USD in value by 2035.
Key players in the market include SK E and S, Korea Hydro and Nuclear Power, and Hanwha Energy among others.
The Municipal Solid Waste segment is projected to be valued at 0.11 billion USD in 2024.
The Agricultural Residue segment is expected to increase to 0.7 billion USD by 2035.
Key applications include energy generation and biofuels from various biomass sources.
Challenges include competition from fossil fuels and regulatory hurdles in biomass utilization.
The Non-Food Crop segment is anticipated to reach a value of 0.85 billion USD by 2035.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
Get in Touch
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
