Rising at 9.1% CAGR, Sustainable Fuel Market Pegged for Robust Expansion by 2029 - Mark... - 0 views
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Almira Coyne on 05 Aug 24The sustainable fuel market is expected to reach USD 299.9 billion by 2029, up from an anticipated USD 193.8 billion in 2024, at a CAGR of 9.1% over the forecast period. Governments throughout the world are enacting stronger environmental restrictions and policies to encourage the use of renewable energy. The fluctuating costs of traditional fossil fuels provide an economic incentive to invest in more stable and predictable sustainable fuel alternatives. Companies are increasingly adopting sustainable fuels as customer knowledge and demand for ecologically friendly products rise. Many businesses are establishing aggressive sustainability goals, such as using renewable fuels to satisfy their environmental obligations are few of the major drivers anticipated to propel the growth of the market.