Aviation Biofuel Market 2028 is Anticipated to Register Robust Growth
Increasing environmental concerns and regulations, volatile crude oil prices, and the growing demand for sustainable air travel are the factors driving market in the forecast period 2024-2028. According to TechSci Research report, “ Aviation Biofuel Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global Aviation Biofuel Market stood at USD 32.64 Billion in 2022 and is anticipated to grow with a CAGR of 7.64% in the forecast period, 2024-2028 The global aviation biofuel market is experiencing significant growth as the aviation industry seeks to reduce its carbon footprint and mitigate the environmental impact of air travel. Aviation biofuel, also known as sustainable aviation fuel (SAF), is derived from renewable sources such as biomass, cooking oil, algae, and other organic materials. It offers a viable alternative to traditional jet fuel, with lower carbon emissions and the potential to reduce dependence on fossil fuels. Th...