As per a statement by a market research institution, P&S Intelligence, the bioethanol market is growing rapidly and it will continue like this in the years to come. 

The growth in the industry is credited to the depletion of natural resources, excessive greenhouse gas production, increasing consumption of energy, and the requirement for sustainable alternative fuels. 

In the past few years, North America generated the highest revenue and it will lead the industry in the years to come. This is ascribed to the massive production of bioethanol in the region to meet the customer's demand. 

Moreover, Canada and the U.S. have mandated the adoption of bioethanol blends in automobiles. Apart from this, the increasing production of corn-based bioethanol, the rising focus on energy efficiency, and the increasing crop production are boosting the growth of the bioethanol industry.  

In the past few years, the E10 category accounted for the dominating share of the industry. This is because this fuel blend can be used in light-duty diesel vehicles and most new cars without any modification in the engine or fuel system. 

Get More Insights: Bioethanol Market Revenue Estimation and Growth Forecast Report

Natural resources need to be used more efficiently, to sustain the demand across the globe. Bioethanol is a promising alternative fuel because it is mainly produced by fermenting sugars derived from starch-containing crops.

In the past few years, the industry players have been involved in geographical expansions to gain a significant position.  

It is because of the increasing number of biofuel policies, increasing research and development, and the rising adoption of bioethanol as transportation fuel, the industry of bioethanol will continue to grow in the years to come.