India Ethanol Market [2029]: Analysis & Forecast
India Ethanol Market was valued at USD 6512.27 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 16.06% through 2029. Ethanol is a renewable fuel made from various plant materials collectively known as "biomass”. Ethanol's lower carbon intensity compared to conventional fuels has led to a reduction in carbon emissions, contributing to India's efforts to meet its climate goals. Along with this, the Indian government's resolute push for ethanol blending in petrol has been a game-changer. The Ethanol Blended Petrol (EBP) program, which started in 2003, mandates the blending of ethanol with petrol to reduce greenhouse gas emissions and promote cleaner fuels. The government's commitment to achieve 20% ethanol blending in petrol by 2025 has provided a strong impetus to ethanol production. Moreover, the government's support through incentives, subsidies, and grants has encouraged investment in ethanol production infr...