Next Generation Biofuels Market Share
Next-Generation Biofuels Market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
In North America, the United States is an early adopter, with a well-established biofuel infrastructure and significant government support through laws such as renewable fuel mandates. However, feedstock supply and rivalry with food production for land resources are sources of concern. Canada, with its enormous agricultural lands and emphasis on biotechnology, is also a prominent contributor.
Asia Pacific is experiencing phenomenal growth in biofuel production due to a large agricultural base, rising energy demand in the face of environmental regulations, and government initiatives to promote biofuel development; the major pushes are coming from China and India, which have large populations and growing economies. However, there are issues in assuring the sustainability of feedstock management techniques in this region and establishing a logistics network.