A new report prepared by analysts at TechNavio says given current market conditions, the global biofuels market should grow by about 7.7 percent through 2015. The analysts said among the key factors contributing to this market growth is the increase in government funding and subsidies. They said global biofuels market has also been witnessing increasing demand for energy. However, the lack of food security could pose a challenge to the growth of this market. These conclusions are based on in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Biofuels market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Source: Renewable Energy Magazine
