Sustainability and Environment
Study: SAF Market To Reach $14 Billion by 2030
A new study sees the global sustainable aviation fuel market rapidly expanding by 2030.
By 2030, the global sustainable aviation fuel market is expected to undergo a tremendous expansion, based on private investment and governmental support. (Photo: Curt Epstein/AIN)
By 2030, the global sustainable aviation fuel market is expected to undergo a tremendous expansion, based on private investment and governmental support. (Photo: Curt Epstein/AIN)

The global sustainable aviation fuel (SAF) market is expected to increase from $216 million today to more than $14 billion by 2030, according to a new report by market research firm The Brainy Insights. As primary factors to the rise, the study cites increasing demand due to more passengers and aircraft, along with the rising production of SAF due to the availability and low cost of “wet waste” feedstock such as food waste, animal manure, and other high-water-content materials.