The demand within the global bioenergy market is slated to grow with fresh developments in the energy sector. Depletion of fossil fuels has created humongous opportunities for new industries such as renewable and green energy. The energy sector has sent clarion calls to several industries, requesting them to conserve and preserve the earth’s natural cover. Furthermore, the rising levels of air and environmental pollution have compelled these industries to invest in renewable technologies. The shift from non-renewable resources to renewable energy technologies forms the basis for growth within the global bioenergy market. There is little contention about the growing focus on renewable technologies across leading industries.