In California, Grand View Research reported that the global biofuels market size is expected to reach $207.87 billion by 2030.
The global biofuels market is expected to expand at a CAGR of 11.1% from 2023 to 2030, according to the report.
“The North America region accounted for 33.25% revenue share in 2022. The region has been one of the front runners in implementing favorable policies and supports mechanisms for the growth of renewable energy and energy efficiency projects across the globe,” the study reads.
More on the story.
