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INDUSTRY · US+12.4%
CRM Software
$113bn
19015011070202020252030
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PROCUREMENT+4.5%
Corrugated Boxes
$280bn
146131115100202020252030
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INDUSTRY · AUSTRALIA+5.4%
Coffee Shops · AU
A$15.9bn
146131115100202020252030
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Industry snapshot

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Exhibit 1 — Market size & forecast · Global Ethanol (USD bn)
Historical (2022-24)Base (2025)Current (2026)Forecast (2027-31)Forecast yr (2032)
0357010514082.5202288.0202392.1202495.0202599.32026103.72027108.42028113.22029118.32030123.72031129.02032
Market size
USD 95B129B
2025 base · by 2032
CAGR 2025-20324.5%7-yr forward · range 2.5-6.0%
Demand channel split
Fuel blending 67%
Beverage & specialty 19%
Industrial / chemical 14%
Capacity utilisation
90%
US corn-ethanol
88-92% band

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