Commercial Wood Pellets Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Application (Heating and Power Generation), By End User (Retail Stores, Corporates, Educational Institutions, Hotels & Hospitality Facilities, Hospitals & Clinics, Others), By Region, and By Competition 2019-2029

  • Industry : Power
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 4.23 billion

CAGR (2024-2029)

8.35%

Fastest Growing Segment

Heating Application

Largest Market

Europe





Market Overview

Global Commercial Wood Pellets Market was valued at USD 4.23 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 8.35% through 2029.  Since wood pellets form a clean, environmentally beneficial, sustainable, and renewable biomass, the rising global demand for renewable energy is driving the demand for wood pellets to reduce the usage of fossil fuels that contributes to global warming. This is expected to contribute to the growth of the industry over the forecast period. The key driving factor for increasing production of wood pellets in the U.S. includes rising demand from the global market. Since some countries are not able of covering their own wood pellets demand with their own forest biomass for energy production, and their own industry infrastructure and they are importing wood pellets from the U.S. Manufacturers of wood pellets can buy wood biomass either from wood dealers or directly from private landowners through loggers. Wood pellets producers can also procure wood fiber from mill residuals, which are leftovers from other forestry sectors like paper and sawmills. Transportation costs are typically the primary cost component for mill residuals in this supply model as they can be purchased at lower costs than pulpwood and roundwood.

The market for different shipping firms, brokers, and traders is extremely complicated and fragmented in nature. Additionally, the transportation of wood pellets has unique characteristics that limit the number of ports and routes that are both affordable and able to handle huge quantities of wood pellets.

Key Market Drivers

The global Commercial Wood Pellets market is characterized by a confluence of factors that drive its growth, making it a dynamic and pivotal sector within the broader renewable energy landscape. One of the primary drivers propelling the expansion of the Commercial Wood Pellets market is the widespread adoption and reinforcement of renewable energy policies worldwide. Governments and international bodies are increasingly recognizing the imperative to mitigate climate change by reducing carbon emissions, and Commercial Wood Pellets, as a sustainable biomass fuel, emerge as a viable solution in meeting renewable energy targets. In tandem with the global commitment to sustainable energy practices, there is a growing demand for bioenergy sources. The heightened awareness of environmental issues and the pressing need to transition away from traditional fossil fuels have led to an increased interest in biomass-derived energy, positioning Commercial Wood Pellets as a key player in the bioenergy sector. This surge in demand aligns with a broader global shift towards cleaner and more sustainable energy alternatives.

Crucially, the carbon neutrality of Commercial Wood Pellets plays a pivotal role in their prominence as an environmentally friendly energy source. The concept of carbon neutrality hinges on the idea that the carbon dioxide released during the combustion of Commercial Wood Pellets is offset by the carbon absorbed during the growth of the biomass feedstock. This carbon accounting, coupled with certification programs and sustainable sourcing practices, underscores the ecological credentials of Commercial Wood Pellets, making them an attractive choice for industries and consumers alike. Government incentives and subsidies further fuel the momentum of the Commercial Wood Pellets market. In many regions, governments are implementing various financial incentives, subsidies, and tax benefits to encourage the adoption of renewable energy sources, including Commercial Wood Pellets. These policy-driven measures not only make Commercial Wood Pellets more economically viable but also contribute to the broader goal of creating a supportive regulatory environment for sustainable energy solutions.

Continued advancements in technology also play a crucial role in the growth of the Commercial Wood Pellets market. Ongoing research and development efforts in pelletization technology result in increased efficiency in both the production and utilization of Commercial Wood Pellets. Innovations in manufacturing processes and combustion technologies contribute to making Commercial Wood Pellets more accessible and efficient, thereby enhancing their competitiveness in the renewable energy landscape.

Consumer awareness and preferences are pivotal factors influencing market dynamics. With an increasing emphasis on sustainable living and environmental consciousness, consumers are turning towards eco-friendly energy options. Commercial Wood Pellets, being a renewable and sustainable energy source, resonate with individuals and businesses seeking to reduce their carbon footprint. The rising awareness of the environmental benefits associated with Commercial Wood Pellets contributes significantly to their market penetration. The residential heating sector also contributes substantially to the demand for Commercial Wood Pellets. As a source of heat in residential settings, particularly in pellet stoves and boilers, Commercial Wood Pellets offer an alternative to conventional heating methods. The demand for Commercial Wood Pellets in the residential sector is driven by a combination of factors, including concerns about energy costs, a desire for energy independence, and the environmental advantages of using a renewable heat source.

In the broader context of a global push for green energy transition, Commercial Wood Pellets emerge as a crucial component. Nations and regions striving to meet ambitious renewable energy targets and reduce dependence on fossil fuels are increasingly incorporating Commercial Wood Pellets into their energy portfolios. The versatility of Commercial Wood Pellets, applicable in both Commercial and residential settings, positions them as a flexible and scalable solution in the ongoing quest for sustainable energy sources. In conclusion, the global Commercial Wood Pellets market is propelled by a multifaceted set of drivers encompassing policy support, environmental considerations, technological advancements, and consumer preferences. As the world intensifies its efforts to combat climate change and transition towards cleaner energy alternatives, Commercial Wood Pellets stand at the forefront of the renewable energy landscape, contributing significantly to a more sustainable and environmentally conscious future.


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Key Market Challenges

While the global Commercial Wood Pellets market exhibits considerable growth potential, it also faces several key challenges that impact its development and sustainability. Addressing these challenges is crucial for ensuring the long-term viability and competitiveness of the Commercial Wood Pellets industry. One prominent challenge is the potential for biomass resource constraints. Commercial Wood Pellets are primarily produced from biomass feedstocks, such as forestry residues and sawdust. However, the availability and sustainable sourcing of these raw materials can be a limiting factor. Overreliance on specific feedstocks or inadequate forest management practices may lead to resource depletion, deforestation, and environmental degradation. Striking a balance between meeting the demand for Commercial Wood Pellets and ensuring the sustainable management of biomass resources poses a significant challenge for the industry.

Another challenge is the logistics and transportation costs associated with Commercial Wood Pellets. The global Commercial Wood Pellets market often involves the transportation of pellets from production facilities to end-users, including power plants and residential consumers. The bulk and weight of Commercial Wood Pellets, coupled with the need for efficient and sustainable transportation methods, contribute to logistical complexities. High transportation costs can impact the overall competitiveness of Commercial Wood Pellets, especially in regions where alternative energy sources may be more readily available. Market price volatility represents a persistent challenge for the Commercial Wood Pellets industry. The pricing of Commercial Wood Pellets is influenced by various factors, including raw material costs, energy prices, and global market dynamics. Fluctuations in these factors can result in unpredictable pricing for Commercial Wood Pellets, affecting the economic feasibility of projects and investments. Price volatility poses challenges for both producers and consumers, making it challenging to plan and implement long-term strategies with confidence.

The regulatory landscape also presents challenges for the global Commercial Wood Pellets market. While supportive policies and incentives can drive market growth, regulatory uncertainties or changes can have adverse effects. Evolving environmental standards, certification requirements, and trade policies may impact the market dynamics, creating challenges for market participants in terms of compliance and adaptability. Navigating diverse regulatory frameworks across different regions further complicates the global Commercial Wood Pellets trade. Concerns about the environmental impact of biomass energy production, including Commercial Wood Pellets, constitute a significant challenge. While Commercial Wood Pellets are considered a renewable energy source, questions about the carbon footprint, land-use change, and emissions associated with biomass production and combustion persist. Achieving a consensus on the sustainability criteria for Commercial Wood Pellets, as well as addressing perceptions related to potential environmental impacts, is an ongoing challenge that the industry must contend with.

Technological challenges also exist, particularly in optimizing combustion efficiency and reducing emissions. While advancements in pelletization technology have enhanced overall efficiency, there is a continual need for research and development to further improve the combustion process. The industry must invest in innovative technologies that minimize emissions, enhance energy conversion rates, and ensure compliance with stringent environmental standards.

Market diversification is an additional challenge. The Commercial Wood Pellets market is often reliant on specific end-use sectors, such as power generation and residential heating. Overdependence on a limited range of applications makes the industry vulnerable to shifts in demand within those sectors. Diversifying the applications of Commercial Wood Pellets and exploring new markets can help mitigate risks associated with market concentration. In conclusion, the global Commercial Wood Pellets market faces challenges related to biomass resource constraints, logistics and transportation costs, market price volatility, regulatory complexities, environmental concerns, technological advancements, and market diversification. Addressing these challenges requires a collaborative effort from industry stakeholders, policymakers, and researchers to foster sustainable practices, enhance efficiency, and ensure the long-term viability of Commercial Wood Pellets as a renewable energy solution.

Key Market Trends

The global Commercial Wood Pellets market is marked by several key trends that shape its dynamics and contribute to its evolution within the broader renewable energy sector. Understanding these trends is crucial for stakeholders to make informed decisions and capitalize on emerging opportunities. One notable trend is the increasing demand for Commercial Wood Pellets in the Commercial and commercial sectors for heat and power generation. As businesses and industries seek to reduce their carbon footprint, Commercial Wood Pellets are gaining traction as a viable alternative to traditional fossil fuels. The Commercial sector's growing recognition of biomass as a sustainable and cost-effective energy source is driving the demand for Commercial Wood Pellets in applications such as combined heat and power (CHP) plants and Commercial boilers.

The residential heating sector continues to be a significant driver of the Commercial Wood Pellets market. With a rising emphasis on clean and renewable energy solutions for home heating, Commercial Wood Pellets are increasingly being used in pellet stoves and boilers. The convenience, efficiency, and environmental benefits associated with Commercial Wood Pellets make them an attractive choice for residential consumers seeking to transition away from conventional heating methods. Market players are increasingly focusing on the development of advanced pelletization technologies to enhance the efficiency of wood pellet production. Innovations in pellet manufacturing processes, equipment, and quality control measures contribute to higher pellet quality and energy content. This trend not only improves the overall competitiveness of Commercial Wood Pellets but also addresses concerns related to resource efficiency and sustainability in the production process.

A notable trend is the geographical expansion of the Commercial Wood Pellets market. While traditionally concentrated in North America and Europe, the market is witnessing growth in other regions, driven by increasing awareness of renewable energy, supportive policies, and evolving consumer preferences. Asia-Pacific, in particular, is emerging as a significant market for Commercial Wood Pellets, with countries like Japan and South Korea importing substantial quantities to meet their renewable energy targets.

Sustainability certification programs play a pivotal role in shaping the Commercial Wood Pellets market. Certification schemes, such as those provided by organizations like the Sustainable Biomass Program (SBP) and Forest Stewardship Council (FSC), help ensure that Commercial Wood Pellets meet specific environmental and social sustainability criteria. Market participants are increasingly seeking certification to demonstrate the sustainability of their products, meet regulatory requirements, and appeal to environmentally conscious consumers. The concept of circular economy and the utilization of Commercial Wood Pellets as a form of biomass energy fit well with the principles of waste-to-energy. The market is witnessing a trend where Commercial Wood Pellets are produced from biomass feedstocks that include wood residues, sawdust, and agricultural waste. This aligns with the broader goals of reducing waste, promoting recycling, and optimizing the use of available resources.

Government support and incentives continue to be a driving force behind the growth of the Commercial Wood Pellets market. Many countries have implemented policies and financial incentives to promote the use of renewable energy sources, including Commercial Wood Pellets. Subsidies, tax credits, and favorable regulatory frameworks encourage investments in wood pellet production and consumption, providing a conducive environment for market expansion. In conclusion, the global Commercial Wood Pellets market is characterized by trends such as increasing Commercial and commercial demand, a growing emphasis on residential heating applications, advancements in pelletization technologies, geographical expansion, sustainability certification, the adoption of circular economy principles, and government support. These trends collectively contribute to the market's vibrancy and underline Commercial Wood Pellets' role as a crucial player in the renewable energy landscape. As the market continues to evolve, stakeholders need to stay attuned to these trends to navigate challenges and leverage opportunities for sustainable growth.

Segmental Insights

Application Insights

The Heating segment will dominate the market in the forecast period. Pellets are a solid biomass fuel, primarily produced from wood residues and agricultural by-products like straw. Specific advantages of pellets as compared to unprocessed biomass include standardized properties, high energy content, and high density.

Commercial Wood Pellets for heating applications are primarily used in residential and commercial sectors for food, cooking and grilling, and supplying heat to homes. Since the cost of pellets remained cheaper than that of other fuels for a long time, it has become a more economical option, addressing the primary concern of the residential and commercial sectors. In addition to this, in 2020, the Commercial Wood Pellets, due to oversupply, experienced a sharp decline in their prices.

As a renewable energy source, Commercial Wood Pellets have received subsidies and incentives from the governments in many countries, and many countries either launched or updated their policies and schemes related to Commercial Wood Pellets for heating applications in recent years.



 

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Regional Insights

Europe emerged as the dominating region in 2023, holding the largest market share. Europe represents more than 30% of global pellet demand.  Most of the co-firing power stations have either closed or converted since these early projects, with several making a move to 100% Commercial Wood Pellets for fuel. The largest of these is Drax Power Station in North Yorkshire, which has converted four of its six 65 MWe generating units to run exclusively on biomass and is currently evaluating options for its remaining two coal-fired units.

Key Market Players

  • AS Graanul Invest
  • Drax Group PLC
  • Fram Renewable Fuels LLC
  • Segezha Group JSC
  • Lignetics Inc.
  • Biopower Sustainable Energy Corp.
  • By Application
  • By End User
  • By Region
  • Heating
  • Power Generation
  • Retail Stores
  • Corporates
  • Educational Institutions
  • Hotels & Hospitality Facilities
  • Hospitals & Clinics
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa


Report Scope:

In this report, the Global Commercial Wood Pellets Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Commercial Wood Pellets Market, By Application:

o   Heating

o   Power Generation  

  • Commercial Wood Pellets Market, By End User:

o   Retail Stores

o   Corporates

o   Educational Institutions

o   Hotels & Hospitality Facilities

o   Hospitals & Clinics

o   Others

  • Commercial Wood Pellets Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Netherlands

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Thailand

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Commercial Wood Pellets Market.

Available Customizations:

Global Commercial Wood Pellets Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Commercial Wood Pellets Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global Commercial Wood Pellets Market

5.         Voice of Customer

6.         Global Commercial Wood Pellets Market Overview

7.         Global Commercial Wood Pellets Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Application (Heating, Power Generation)

7.2.2.By End User (Retail Stores, Corporates, Educational Institutions, Hotels & Hospitality Facilities, Hospitals & Clinics, Others)

7.2.3.By Region

7.3.    By Company (2023)

7.4.    Market Map

8.         North America Commercial Wood Pellets Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Application

8.2.2.By End User

8.2.3.By Country

8.3.    North America: Country Analysis

8.3.1.United States Commercial Wood Pellets Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.    By Value

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.               By Application

8.3.1.2.2.               By End User

8.3.2.Canada Commercial Wood Pellets Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.    By Value

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.               By Application

8.3.2.2.2.               By End User

8.3.3.Mexico Commercial Wood Pellets Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.    By Value

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.               By Application

8.3.3.2.2.               By End User

9.         Europe Commercial Wood Pellets Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Application

9.2.2.By End User

9.2.3.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany Commercial Wood Pellets Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.    By Value

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.               By Application

9.3.1.2.2.               By End User

9.3.2.France Commercial Wood Pellets Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.    By Value

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.               By Application

9.3.2.2.2.               By End User

9.3.3.United Kingdom Commercial Wood Pellets Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.    By Value

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.               By Application

9.3.3.2.2.               By End User

9.3.4.Italy Commercial Wood Pellets Market Outlook

9.3.4.1.      Market Size & Forecast

9.3.4.1.1.    By Value

9.3.4.2.      Market Share & Forecast

9.3.4.2.1.               By Application

9.3.4.2.2.               By End User

9.3.5.Spain Commercial Wood Pellets Market Outlook

9.3.5.1.      Market Size & Forecast

9.3.5.1.1.    By Value

9.3.5.2.      Market Share & Forecast

9.3.5.2.1.               By Application

9.3.5.2.2.               By End User

9.3.6.Netherlands Commercial Wood Pellets Market Outlook

9.3.6.1.      Market Size & Forecast

9.3.6.1.1.    By Value

9.3.6.2.      Market Share & Forecast

9.3.6.2.1.               By Application

9.3.6.2.2.               By End User

9.3.7.Belgium Commercial Wood Pellets Market Outlook

9.3.7.1.      Market Size & Forecast

9.3.7.1.1.    By Value

9.3.7.2.      Market Share & Forecast

9.3.7.2.1.               By Application

9.3.7.2.2.               By End User

10.      South America Commercial Wood Pellets Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1. By Application

10.2.2. By End User

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1.     Brazil Commercial Wood Pellets Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2.   Market Share & Forecast

10.3.1.2.1.            By Application

10.3.1.2.2.            By End User

10.3.2.     Colombia Commercial Wood Pellets Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2.   Market Share & Forecast

10.3.2.2.1.            By Application

10.3.2.2.2.            By End User

10.3.3.     Argentina Commercial Wood Pellets Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2.   Market Share & Forecast

10.3.3.2.1.            By Application

10.3.3.2.2.            By End User

10.3.4.     Chile Commercial Wood Pellets Market Outlook

10.3.4.1.   Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2.   Market Share & Forecast

10.3.4.2.1.            By Application

10.3.4.2.2.            By End User

11.      Middle East & Africa Commercial Wood Pellets Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1. By Application

11.2.2. By End User

11.2.3. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia Commercial Wood Pellets Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2.   Market Share & Forecast

11.3.1.2.1.            By Application

11.3.1.2.2.            By End User

11.3.2.     UAE Commercial Wood Pellets Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2.   Market Share & Forecast

11.3.2.2.1.            By Application

11.3.2.2.2.            By End User

11.3.3.     South Africa Commercial Wood Pellets Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2.   Market Share & Forecast

11.3.3.2.1.            By Application

11.3.3.2.2.            By End User

11.3.4.     Turkey Commercial Wood Pellets Market Outlook

11.3.4.1.   Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2.   Market Share & Forecast

11.3.4.2.1.            By Application

11.3.4.2.2.            By End User

12.      Asia Pacific Commercial Wood Pellets Market Outlook

12.1. Market Size & Forecast

12.1.1.     By Value

12.2. Market Share & Forecast

12.2.1. By Application

12.2.2. By Country

12.3. Asia-Pacific: Country Analysis

12.3.1.     China Commercial Wood Pellets Market Outlook

12.3.1.1.   Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2.   Market Share & Forecast

12.3.1.2.1.            By Application

12.3.2.     India Commercial Wood Pellets Market Outlook

12.3.2.1.   Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2.   Market Share & Forecast

12.3.2.2.1.            By Application

12.3.3.     Japan Commercial Wood Pellets Market Outlook

12.3.3.1.   Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2.   Market Share & Forecast

12.3.3.2.1.            By Application

12.3.4.     South Korea Commercial Wood Pellets Market Outlook

12.3.4.1.   Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2.   Market Share & Forecast

12.3.4.2.1.            By Application

12.3.5.     Australia Commercial Wood Pellets Market Outlook

12.3.5.1.   Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2.   Market Share & Forecast

12.3.5.2.1.            By Application

12.3.6.     Thailand Commercial Wood Pellets Market Outlook

12.3.6.1.   Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2.   Market Share & Forecast

12.3.6.2.1.            By Application

12.3.7.     Malaysia Commercial Wood Pellets Market Outlook

12.3.7.1.   Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2.   Market Share & Forecast

12.3.7.2.1.            By Application

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  AS Graanul Invest

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Drax Group PLC

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  Fram Renewable Fuels LLC

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Segezha Group JSC

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  Lignetics Inc.

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  Biopower Sustainable Energy Corp.

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

16.      Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Commercial Wood Pellets Market was USD 4.23 billion in 2023.

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The Heating segment demonstrated significant dominance in 2023

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Europe dominated the market in 2023

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Global Awareness of Climate Change and Increasing Investments in Renewable Energy Infrastructure are the major drivers for the Global Commercial Wood Pellets Market

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Parvati Sharma

Account Manager BD
Press Release

Commercial Wood Pellets Market is expected to grow at a CAGR of 8.35%

Feb, 2024

Subsidies and Incentives and Global Demand for Renewable Heat are factors driving the Global Commercial Wood Pellets Market in the forecast period 2025-2029

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