|
Forecast Period
|
2025-2029
|
|
Market Size
(2023)
|
USD 10.08 Billion
|
|
CAGR (2024-2029)
|
12.19%
|
|
Fastest Growing
Segment
|
Commercial
|
|
Largest Market
|
Europe
|
Market Overview
Global Wood Pellets Market was
valued at USD 10.08 billion in 2023 and is anticipated to project robust growth
in the forecast period with a CAGR of 12.19% through 2029.
The wood pellets
market refers to the global industry involved in the production, distribution,
and consumption of wood pellets, which are a type of biomass fuel produced from
compacted sawdust, wood chips, or other wood residues. Wood pellets serve as a
renewable and sustainable alternative to traditional fossil fuels such as coal,
oil, and natural gas, particularly in heating and power generation
applications.
The market
encompasses various stakeholders, including wood pellet manufacturers,
suppliers of biomass feedstock, transportation and logistics companies, energy
utilities, residential and commercial consumers, and regulatory bodies. Key
factors driving the wood pellets market include increasing environmental
awareness, government policies promoting renewable energy, concerns over energy
security, and technological advancements in pellet production and combustion technology.
The wood pellets
market is characterized by a growing demand for clean and sustainable energy
solutions, supported by favorable government incentives and the expansion of
biomass power generation. However, challenges such as sustainability concerns,
market volatility, and competition from other renewable energy sources also
influence the dynamics of the wood pellets market. Overall, the wood pellets
market plays a significant role in the global transition towards a low-carbon
economy and sustainable energy future.
Key Market Drivers
Environmental Concerns and Renewable
Energy Policies
The global wood
pellets market is significantly influenced by environmental concerns and
renewable energy policies. As societies become more conscious of the
detrimental effects of fossil fuels on the environment, there has been a
concerted effort to transition towards cleaner, renewable energy sources. Wood
pellets, derived from sustainable forestry practices, offer a viable
alternative for heating and electricity generation.
One of the key
drivers propelling the wood pellets market is the implementation of stringent
environmental regulations aimed at reducing carbon emissions. Governments
worldwide are introducing policies to incentivize the use of renewable energy
sources, such as biomass, to meet carbon reduction targets outlined in
international agreements like the Paris Agreement. These policies often include
subsidies, tax incentives, and renewable energy targets, which stimulate demand
for wood pellets.
Additionally,
concerns over energy security and volatile fossil fuel prices have led many
countries to prioritize renewable energy sources. Wood pellets offer a reliable
and locally-sourced energy solution, reducing dependence on imported fossil
fuels and enhancing energy independence.
As a result, the
wood pellets market is expected to witness sustained growth, driven by the
increasing adoption of renewable energy policies and the growing awareness of
environmental sustainability.
Growing Demand
for Industrial and Residential Heating
The demand for
wood pellets is also driven by the growing need for sustainable heating
solutions in both industrial and residential sectors. Wood pellets are widely
used as a primary heating source in residential buildings, commercial spaces,
and industrial facilities, offering an efficient and cost-effective alternative
to traditional fossil fuels.
In the
residential sector, households are increasingly switching to wood pellet stoves
and boilers to reduce heating costs and minimize environmental impact. Wood
pellets provide consistent heat output and can be conveniently stored and
transported, making them an attractive option for homeowners seeking
sustainable heating solutions.
Similarly, in
the industrial sector, wood pellets are utilized in a variety of applications,
including district heating systems, industrial boilers, and combined heat and
power (CHP) plants. Industries across sectors such as manufacturing, food
processing, and agriculture are adopting wood pellets to meet their heating and
energy needs while adhering to strict environmental regulations.
The growing
demand for wood pellets in both industrial and residential heating sectors is
expected to drive market growth, particularly as businesses and consumers
prioritize sustainability and seek to reduce their carbon footprint.
Expansion of
Biomass Power Generation
Biomass power
generation, including the combustion of wood pellets, is experiencing
significant expansion globally, further driving the demand for wood pellets.
Biomass power plants utilize organic materials, such as wood pellets,
agricultural residues, and forestry waste, to generate electricity through
combustion or gasification processes.
One of the
primary drivers of biomass power generation is its potential to provide a
reliable source of renewable energy while reducing greenhouse gas emissions.
Biomass power plants can be deployed on a range of scales, from small-scale
cogeneration facilities to large utility-scale power plants, making them
versatile and adaptable to various energy needs.
Additionally,
biomass power generation offers economic benefits by creating local employment
opportunities, supporting rural economies, and reducing reliance on imported
energy sources. Many governments incentivize biomass power generation through
feed-in tariffs, renewable energy certificates, and tax incentives, further
stimulating market growth.
The expansion of
biomass power generation, fueled by favorable policies and technological
advancements, is expected to drive the demand for wood pellets as a primary
feedstock, supporting the growth of the global wood pellets market.
Increasing
Investment in Biomass Supply Chain Infrastructure
The growth of
the global wood pellets market is supported by increasing investment in biomass
supply chain infrastructure. A well-developed supply chain infrastructure is
essential for the efficient production, transportation, and distribution of
wood pellets from biomass feedstock sources to end-users.
Investment in
biomass supply chain infrastructure includes the establishment of pellet mills,
storage facilities, transportation networks, and port terminals dedicated to
handling wood pellets. These investments aim to enhance the efficiency and
reliability of wood pellet production and distribution, ensuring a steady
supply of pellets to meet growing demand.
Furthermore,
technological advancements in pellet production processes, such as
densification and drying techniques, contribute to improving the quality and
consistency of wood pellets, making them more suitable for various
applications.
Moreover,
strategic partnerships and collaborations between biomass producers, pellet
manufacturers, logistics companies, and end-users facilitate knowledge sharing,
innovation, and optimization of the biomass supply chain.
The increasing
investment in biomass supply chain infrastructure is expected to bolster the
growth of the global wood pellets market by strengthening supply chain
resilience, reducing transportation costs, and improving market access for
producers and consumers.
Favorable
Government Policies and Incentives
Government
policies and incentives play a crucial role in driving the growth of the global
wood pellets market. Many governments around the world have implemented
favorable policies and incentive programs to promote the use of renewable
energy sources and reduce greenhouse gas emissions.
These policies
often include renewable energy targets, feed-in tariffs, tax credits, grants,
and subsidies for biomass energy production and consumption. By providing
financial incentives and regulatory support, governments encourage investment
in wood pellet production facilities, biomass power generation, and biomass
heating systems.
Moreover,
policymakers are increasingly recognizing the role of sustainable forest
management practices in ensuring the long-term availability of biomass
feedstock for wood pellet production. Efforts to promote sustainable forestry,
such as certification schemes and forest conservation initiatives, further
support the growth of the wood pellets market.
Additionally,
international collaborations and agreements, such as the European Union's
Renewable Energy Directive and the United Nations Sustainable Development
Goals, provide a framework for coordinated action and facilitate the exchange
of best practices in promoting renewable energy and sustainability.
Overall,
favorable government policies and incentives create a conducive environment for
the expansion of the global wood pellets market, driving investment,
innovation, and adoption of wood pellet technology.
Growing
Awareness of Energy Efficiency and Carbon Neutrality
Increasing
awareness of energy efficiency and carbon neutrality is driving demand for wood
pellets as a renewable energy source. As businesses and consumers seek to
reduce their carbon footprint and mitigate climate change, there is a growing
preference for sustainable energy solutions that offer environmental benefits.
Wood pellets are
recognized for their high energy density, consistent quality, and low carbon
footprint compared to fossil fuels. When sourced from sustainably managed
forests, wood pellets are considered carbon-neutral, as the carbon dioxide
released during combustion is offset by the carbon dioxide absorbed by growing
trees.
Furthermore,
wood pellets offer energy efficiency advantages, as modern pellet stoves and
boilers are designed to maximize combustion efficiency and minimize emissions.
This makes wood pellets a compelling choice for heating applications,
particularly in regions where traditional heating methods, such as coal or oil,
are prevalent.
The growing
awareness of energy efficiency and carbon neutrality is driving the adoption of
wood pellets across residential, commercial, and industrial sectors,
contributing to the expansion of the global wood pellets market. As
sustainability becomes a key consideration for energy decision-making, wood
pellets are poised to play a significant role in the transition to a low-carbon
economy.
Government Policies are Likely to
Propel the Market
Renewable Energy Targets and Mandates
Governments
worldwide have been implementing renewable energy targets and mandates to
accelerate the transition towards cleaner energy sources, including wood
pellets. These targets typically outline specific percentages of energy
generation that must come from renewable sources within a certain timeframe.
One of the
primary objectives of renewable energy targets is to reduce greenhouse gas
emissions and combat climate change. By incentivizing the use of renewable
energy sources such as wood pellets, governments aim to decrease reliance on
fossil fuels and promote sustainable energy production.
Renewable energy
targets create a stable and predictable market demand for wood pellets,
encouraging investment in production facilities and supply chain
infrastructure. They also stimulate innovation in technology and processes to
improve the efficiency and sustainability of wood pellet production and
utilization.
Furthermore,
renewable energy targets often come with financial incentives such as feed-in
tariffs, tax credits, and grants, which help offset the initial investment
costs associated with transitioning to renewable energy sources. These
incentives make wood pellets more economically viable for both producers and
consumers, driving market growth and adoption.
Overall,
government renewable energy targets and mandates play a crucial role in shaping
the global wood pellets market by providing a clear policy framework,
incentivizing investment, and driving demand for sustainable energy solutions.
Subsidies and
Financial Incentives
Subsidies and
financial incentives provided by governments are instrumental in driving the
growth of the global wood pellets market. These incentives aim to make wood
pellets more competitive with conventional fossil fuels and promote their
adoption in various sectors, including residential heating, industrial
processes, and power generation.
One of the most
common forms of financial incentives is feed-in tariffs, which guarantee a
fixed payment for electricity generated from renewable sources such as biomass.
This provides a stable revenue stream for biomass power producers, encouraging
investment in biomass power generation infrastructure and supporting the demand
for wood pellets as a feedstock.
Additionally,
governments may offer tax credits, grants, and low-interest loans to support
the development of wood pellet production facilities and supply chain
infrastructure. These financial incentives help offset the initial capital
costs associated with establishing pellet mills, storage facilities, and
transportation networks, making wood pellet production more economically
feasible.
Furthermore,
subsidies for residential wood pellet heating systems, such as stoves and
boilers, incentivize homeowners to switch from fossil fuel-based heating
systems to cleaner and more sustainable alternatives. This stimulates demand
for wood pellets in the residential heating sector, driving market growth and
adoption.
Overall,
subsidies and financial incentives provided by governments play a vital role in
promoting the use of wood pellets as a renewable energy source, driving market
expansion, and supporting the transition to a low-carbon economy.
Carbon Pricing
and Emissions Trading Schemes
Carbon pricing
mechanisms, including carbon taxes and emissions trading schemes (ETS), are
important government policies that influence the global wood pellets market.
These mechanisms aim to internalize the environmental costs of carbon emissions
and incentivize the adoption of low-carbon alternatives such as wood pellets.
Carbon taxes
impose a fee on the carbon content of fossil fuels, making them more expensive
relative to cleaner alternatives like wood pellets. This creates a financial
incentive for industries and consumers to reduce their carbon footprint by
switching to renewable energy sources.
Emissions
trading schemes establish a cap on total emissions and allocate tradable
permits to regulated entities. Companies that emit more than their allocated
permits must purchase additional permits from those that emit less, creating a
market-based incentive to reduce emissions. Biomass energy producers can
participate in emissions trading schemes by generating carbon credits through
the displacement of fossil fuels with wood pellets.
By putting a
price on carbon emissions, carbon pricing mechanisms create a level playing
field for renewable energy sources like wood pellets, making them more
economically competitive with fossil fuels. This stimulates investment in wood
pellet production and utilization, driving market growth and adoption.
Furthermore,
carbon pricing mechanisms generate revenue that can be reinvested in renewable
energy projects, research and development, and climate change mitigation
efforts, further supporting the expansion of the wood pellets market.
Overall, carbon
pricing and emissions trading schemes are important government policies that
contribute to the growth of the global wood pellets market by internalizing the
external costs of carbon emissions and incentivizing the transition to cleaner
energy sources.
Renewable Energy
Certificates and Tradable Instruments
Renewable energy
certificates (RECs) and other tradable instruments are government policies
designed to incentivize renewable energy production and consumption, including
wood pellets. RECs represent proof that a certain amount of electricity has
been generated from renewable sources and can be bought, sold, and traded
independently of the physical electricity.
One of the key
benefits of RECs is that they allow consumers to support renewable energy
generation without directly purchasing renewable energy equipment or
infrastructure. By purchasing RECs, consumers can offset their carbon footprint
and support the growth of renewable energy sources like wood pellets.
Governments
often mandate the use of RECs or similar tradable instruments as part of
renewable energy targets or compliance obligations. This creates a market
demand for RECs, driving investment in renewable energy projects, including
wood pellet production and biomass power generation.
Furthermore,
RECs provide a source of additional revenue for wood pellet producers, as they
can sell the environmental attributes associated with renewable energy
generation separately from the physical energy itself. This enhances the
economic viability of wood pellet production and incentivizes further
investment in the sector.
Overall,
renewable energy certificates and tradable instruments are important government
policies that drive the growth of the global wood pellets market by creating a
market demand for renewable energy attributes and providing additional revenue
streams for wood pellet producers.
Biomass
Sustainability Criteria and Certification
Biomass
sustainability criteria and certification schemes are government policies aimed
at ensuring the sustainable production and use of biomass resources, including
wood pellets. These policies help address environmental and social concerns
associated with biomass production, such as deforestation, habitat loss, and
land use change.
Sustainability
criteria typically include requirements related to forest management practices,
biodiversity conservation, greenhouse gas emissions, and social impacts.
Biomass producers and users must demonstrate compliance with these criteria to
qualify for government incentives, subsidies, and market access.
Certification
schemes, such as the Forest Stewardship Council (FSC) and the Sustainable
Biomass Program (SBP), provide third-party verification of compliance with
sustainability criteria. Certified biomass products, including wood pellets,
are eligible for preferential treatment in government procurement processes and
may command a price premium in the market.
By promoting
sustainable biomass production and use, biomass sustainability criteria and
certification schemes help mitigate environmental risks and ensure the
long-term viability of the wood pellets market. They also provide assurance to
consumers and investors that wood pellets are produced in an environmentally
responsible manner, enhancing market transparency and trust.
Furthermore,
biomass sustainability criteria and certification schemes support international
trade by harmonizing standards and facilitating market access for certified
products. This promotes the global growth of the wood pellets market and
encourages investment in sustainable biomass production and utilization.
Overall, biomass
sustainability criteria and certification schemes are important government
policies that drive the growth of the global wood pellets market by promoting
environmental stewardship, market transparency, and international trade.
Research and
Development Funding
Government
investment in research and development (R&D) plays a crucial role in
driving innovation and technological advancements in the wood pellets market.
By funding R&D initiatives, governments support the development of new
processes, technologies, and products that enhance the efficiency,
sustainability, and competitiveness of wood pellet production and utilization.
R&D funding
may support a wide range of activities, including biomass feedstock research,
pellet manufacturing process optimization, equipment development, and market
analysis. By addressing technological barriers and market challenges, R&D
initiatives help unlock the full potential of wood pellets as a renewable
energy source.
Furthermore,
government R&D funding stimulates collaboration and knowledge sharing among
industry stakeholders, research institutions, and academic organizations. This
fosters innovation ecosystems and accelerates the pace of technological
innovation in the wood pellets market.
Government
R&D funding also supports the commercialization of innovative technologies
and products, helping bring them to market and scale up their adoption. This
drives market growth and competitiveness, positioning the wood pellets industry
as a leading player in the global renewable energy landscape.
Overall,
government investment in research and development is a critical policy tool
that drives the growth of the global wood pellets market by fostering
innovation, technological advancement, and market expansion. By supporting
R&D initiatives, governments contribute to the sustainability and long-term
success of the wood pellets industry.
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Key Market Challenges
Sustainability Concerns and Land Use Competition
Despite the
environmental benefits associated with using wood pellets as a renewable energy
source, the industry faces significant challenges related to sustainability
concerns and competition for land use.
One of the
primary concerns is the potential for deforestation and habitat loss associated
with sourcing wood fiber for pellet production. While wood pellets are
typically produced from by-products of sawmills and forestry operations, there
is a risk that increased demand for pellets could drive unsustainable forestry
practices, including clear-cutting of forests and conversion of natural
habitats to plantations.
Additionally,
the competition for land use between biomass production and other uses, such as
food production and conservation, poses a challenge to the sustainability of
the wood pellets market. As demand for biomass feedstock increases, there is a
risk of displacing agricultural land and natural ecosystems, leading to
negative environmental and social impacts.
Furthermore, the
sustainability of biomass production is influenced by factors such as land
tenure, governance structures, and regulatory frameworks. In many regions, weak
land tenure rights and inadequate governance systems exacerbate land use
conflicts and hinder sustainable biomass production practices.
Addressing these
sustainability challenges requires a holistic approach that integrates
environmental, social, and economic considerations into biomass production and
utilization. This includes promoting sustainable forest management practices,
implementing land-use planning strategies, and enhancing transparency and
accountability in the biomass supply chain.
Moreover,
stakeholders across the wood pellets value chain, including producers,
policymakers, and civil society organizations, must collaborate to develop and
implement sustainability standards, certification schemes, and best practices.
By ensuring that wood pellet production is environmentally responsible and
socially beneficial, the industry can overcome sustainability challenges and
maintain its long-term viability.
Market
Volatility and Price Fluctuations
Another
significant challenge facing the global wood pellets market is market
volatility and price fluctuations, which can pose risks to both producers and
consumers.
The wood pellets
market is influenced by various factors, including changes in energy demand,
weather patterns, transportation costs, policy developments, and competition
from other energy sources. These factors can lead to fluctuations in supply and
demand dynamics, resulting in price volatility and uncertainty for market
participants.
For example,
disruptions in biomass feedstock supply, such as wildfires, pest outbreaks, or
harvest restrictions, can impact pellet production volumes and increase
production costs. Similarly, changes in energy policies or regulations, such as
alterations to renewable energy incentives or carbon pricing mechanisms, can
affect the competitiveness of wood pellets relative to other energy sources.
Moreover, the
wood pellets market is interconnected with global energy markets, including
markets for fossil fuels and other renewable energy sources. Fluctuations in
oil, gas, and coal prices can influence the demand for wood pellets as a
substitute fuel, leading to price volatility in the wood pellets market.
Market
volatility and price fluctuations pose challenges for producers in terms of
revenue predictability, investment planning, and risk management. Additionally,
they can impact the affordability and attractiveness of wood pellets for
consumers, particularly in residential heating and industrial applications.
Addressing
market volatility and price fluctuations requires proactive risk management
strategies, including diversification of biomass feedstock sources, long-term
supply agreements, and financial hedging mechanisms. Moreover, enhancing market
transparency, information sharing, and coordination among stakeholders can help
mitigate the impact of external shocks on the wood pellets market.
Furthermore,
governments can play a role in stabilizing the wood pellets market by providing
policy certainty, supporting infrastructure development, and implementing
measures to promote market transparency and competitiveness. By addressing
market volatility and price fluctuations, the wood pellets industry can foster
a more stable and resilient market environment, supporting its sustainable
growth and development.
Segmental Insights
Feedstock Insights
The
Forest waste segment held the largest Market share in 2023. Forests cover a
significant portion of the Earth's surface, particularly in regions like North
America, Europe, and parts of Asia. This abundance of forested land provides a
readily available and renewable source of biomass feedstock for wood pellet
production. Forest waste, including logging residues, sawdust, wood chips, and
bark, is generated as a by-product of forestry operations and timber
processing. This consistent supply of forest waste ensures the availability of
feedstock for wood pellet manufacturers.
The
forestry industry has well-developed infrastructure for harvesting, processing,
and transporting forest waste to pellet mills. Logging operations, sawmills,
and lumber yards generate significant quantities of waste materials, which can
be efficiently collected and transported to nearby pellet production
facilities. This established infrastructure minimizes logistical challenges and
ensures a reliable supply of feedstock for wood pellet manufacturers.
Forest
waste materials have a high energy content and favorable properties for
pelletization, making them an ideal feedstock for wood pellet production. These
materials typically have low moisture content, consistent particle size, and
uniform density, which contribute to the production of high-quality pellets
with efficient combustion characteristics. The inherent quality of forest waste
ensures that wood pellets meet the stringent standards and specifications
required by consumers and regulatory bodies.
Utilizing
forest waste for wood pellet production offers environmental benefits by
diverting waste materials from landfills and reducing greenhouse gas emissions.
Harvesting residues and other forest waste are considered renewable resources
that can be sustainably managed to maintain the health and productivity of
forest ecosystems. By converting forest waste into wood pellets, the industry
contributes to carbon sequestration, forest regeneration, and overall
environmental sustainability.
Government
policies and renewable energy targets have incentivized the use of biomass
fuels, including forest waste, for energy generation. Subsidies, tax
incentives, and renewable energy mandates encourage the adoption of wood
pellets as a renewable and low-carbon alternative to fossil fuels.
Additionally, increasing awareness of climate change and air pollution has
driven demand for clean and sustainable energy sources, further bolstering the
market for wood pellets produced from forest waste.
Application Insights
The
Heating segment held the largest Market share in 2023. One of the primary
reasons for heating's dominance is the widespread adoption of wood pellets as a
heating fuel among residential, commercial, and institutional consumers.
Consumers appreciate the convenience, affordability, and reliability of wood
pellet heating systems, including pellet stoves and boilers. As a result, wood
pellets have become a popular choice for space heating, water heating, and even
heating of larger buildings such as schools and hospitals.
Wood
pellets offer an efficient and clean heating solution compared to traditional
fossil fuels like oil, propane, and coal. Pellet stoves and boilers are
designed to burn pellets cleanly, with minimal emissions of particulate matter,
greenhouse gases, and other pollutants. This makes wood pellets an attractive
option for environmentally conscious consumers seeking to reduce their carbon
footprint and improve indoor air quality.
Wood
pellets are often more cost-effective than fossil fuels for heating purposes,
particularly in regions where wood resources are abundant. While the upfront
costs of purchasing a pellet heating system may be higher than traditional
heating systems, the long-term savings on fuel costs can outweigh the initial
investment. Additionally, government incentives, such as tax credits, rebates,
and subsidies, further enhance the cost-effectiveness of wood pellet heating
systems for consumers.
Wood
pellets offer a locally sourced and renewable energy option, reducing
dependence on imported fossil fuels and enhancing energy security and
independence. By utilizing domestically produced wood pellets, consumers can
support local economies and reduce their exposure to fluctuations in global
energy markets. This aspect of energy security is particularly appealing to
countries seeking to diversify their energy sources and reduce reliance on
imported fuels.
Wood
pellets can be easily transported, stored, and utilized in a variety of heating
appliances, making them a versatile and accessible fuel option for a wide range
of consumers. Whether used in freestanding pellet stoves, pellet boilers, or
central heating systems, wood pellets offer consistent heat output and reliable
performance. Additionally, the availability of pellet fuel suppliers and
distribution networks further enhances the accessibility of wood pellets for
consumers.
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Regional Insights
Europe held the largest
market share in the Global Wood pellets market in 2023.
Europe has been
at the forefront of implementing ambitious renewable energy policies and
targets. Initiatives like the Renewable Energy Directive (RED) have
incentivized the use of biomass for energy production, including wood pellets,
by offering subsidies, feed-in tariffs, and renewable energy certificates.
These policies create a conducive environment for investment in wood pellet
production and utilization.
European
countries are committed to reducing carbon emissions and transitioning towards
a low-carbon economy. Wood pellets, as a renewable and low-carbon alternative
to fossil fuels, play a significant role in achieving these goals. The European
Union's climate targets and commitments under the Paris Agreement drive the
demand for wood pellets as a sustainable energy source.
Europe has a
well-developed infrastructure for the production, distribution, and consumption
of wood pellets. The region boasts numerous pellet mills, storage facilities,
and transportation networks dedicated to handling biomass fuels. This robust
market infrastructure ensures a reliable supply of wood pellets to meet the
growing demand from residential, commercial, and industrial sectors.
Many European
countries have a long-standing tradition of utilizing biomass for heating and
energy generation. Wood pellets serve as a modern and efficient extension of
this tradition, offering a convenient and eco-friendly heating solution for
households, businesses, and municipalities. This cultural acceptance and
familiarity with biomass fuels contribute to the dominance of Europe in the
global wood pellets market.
European
consumers and businesses are increasingly environmentally conscious and
prioritize sustainable energy sources. Wood pellets, derived from responsibly
managed forests and agricultural residues, align with these values and
preferences. The strong demand for eco-friendly energy solutions drives the
growth of the wood pellets market in Europe, making it a dominant player on the
global stage.
Recent Developments
September 2023:
- Enviva Partners:
Announced a USD445 million investment in a new pellet plant in Greenwood, South
Carolina, boosting its production capacity in the Southeast US.
August 2023:
- Iberdrola:
Secured a USD 433.34 million loan from the European Investment Bank to support
the construction of a new pellet plant in Portugal, expanding its renewable
energy portfolio.
Key Market Players
- Enviva LP
- Drax
Group plc
- Graanul
Invest AS
- Pinnacle
Renewable Energy Group Inc.
- Energex
American, Inc.
- German
Pellets GmbH
- Westervelt
Company
- Lignetics,
Inc.
- TANAC
S.A.
- Rentech,
Inc
|
By Feedstock
|
By Application
|
By End User
|
By Region
|
- Forest Waste
- Agricultural Waste
- Others
|
- Heating
- Combined Heat &
Power (CHP)
- Power Generation
|
- Residential
- Commercial
- Industrial
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East &
Africa
|
Report Scope:
In this report, the Global Wood Pellets Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Wood
Pellets Market, By
Feedstock:
o Forest Waste
o Agricultural Waste
o Others
- Wood
Pellets Market, By
Application:
o Heating
o Combined Heat & Power (CHP)
o Power Generation
- Wood
Pellets Market, By
End User:
o Residential
o Commercial
o Industrial
- Wood
Pellets Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Global Wood Pellets Market.
Available Customizations:
Global 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 Wood Pellets Market is an upcoming report to
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