Market Overview:
The global wood pellet fuel market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for renewable energy sources and the growing awareness about the benefits of using wood pellets as a fuel source. The global wood pellet fuel market can be segmented by type, application, and region. By type, the market can be divided into forest wood & waste, agriculture residue, and others. By application, the market can be classified into industrial pellet for CHP/district heating, industrial pellet for co-firing, pellet for heating residential/commercial buildings (non-industrial), and others. Geographically speaking, North America dominates the global wood pellet fuel market followed by Europe due to stringent government regulations mandating use of renewable energy sources in these regions.
Product Definition:
Wood Pellet Fuel is a renewable source of energy that is made from compressed wood chips or sawdust. It is important because it is a renewable source of energy, meaning it comes from resources that can be regenerated.
Forest Wood & Waste:
The global forest wood & waste, it's usage and growth factor in the wood pellet fuel market size was valued at USD 2.6 billion in 2015. The growing demand for renewable energy is one of the key factors that is expected to drive industry growth over the forecast period. Forest Wood & Waste (FWW) being a readily available resource, has been witnessing an increasing demand from various end-use industries such as construction, furniture and paneling etc.
Agriculture Residue:
Agriculture residue is the waste product from agricultural production. It includes crop residues, straw and hay. Agriculture residue contains many valuable nutrients such as nitrogen, phosphorous and potassium which are essential for plants to grow. These nutrients present in agriculture residue help in enhancing the quality of soil for better plant growth resulting into higher yield hence increasing profit margins of farmers.
Application Insights:
The others application segment accounted for the largest share of more than 50.0% in 2017 and is expected to witness significant growth over the forecast period owing to rising applications in several industries including construction, mechanical engineering, automotive and marine. The product is widely used as a fuel in wood pellet stoves for cooking across all major regions on earth owing to its high combustion energy content per unit of weight along with favorable environmental characteristics such as low emissions and reduced water consumption when compared with other fuels such as coal or petroleum coke.
Wood pellets are also being increasingly utilized for heating purposes by households across several countries worldwide due to their clean burning quality, efficient performance and lower cost of operation when compared with other conventional heating fuels such as firewood or coal. This trend can be attributed largely to increasing urbanization rates coupled with government initiatives promoting household energy efficiency that have resulted in growing demand for pellet-based residential heaters across North America, Europe and Asia Pacific regions over the past few years.
Regional Analysis:
North America dominated the global wood pellet fuel market in 2017 owing to increasing demand for industrial and commercial applications. The region is expected to witness moderate growth over the forecast period owing to stringent environmental regulations by various regulatory bodies such as U.S. EPA and EPEAT that are affecting industry growth negatively.
The Asia Pacific regional market is projected to grow significantly during the forecast period on account of rapid urbanization coupled with growing population in China, India, Indonesia, Vietnam.
Growth Factors:
- Increasing demand for renewable energy sources: The global increase in awareness of the need to reduce greenhouse gas emissions is driving the demand for wood pellet fuel as a renewable energy source.
- Government initiatives and subsidies: Governments are supporting the use of wood pellet fuel through incentives and subsidies, which is helping to drive market growth.
- Rising prices of traditional fuels: The high price of traditional fuels such as oil and natural gas is making wood pellet fuel more attractive, leading to increased demand.
- Technological advancements: Ongoing technological advancements are making it easier to produce, transport and use wood pellets, which is helping to boost market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Pellet Fuel Market Research Report
By Type
Forest Wood & Waste, Agriculture Residue, Others
By Application
Industrial Pellet for CHP/District Heating, Industrial Pellet for Co-firing, Pellet for Heating Residential/ Commercial, Others
By Companies
Drax Biomass Inc, Rentech, Inc, Enviva Partners, LP, German Pellets GmbH, Viridis Energy Inc, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics Of Idaho, Inc, Zilkha Biomass Energy, LLC, Land Energy Girvan Limited, Colombo Energy Inc, Premium Pellet Ltd, ECARE, Fram Renewable Fuels, Agon Biomass, Pellet power, Blue Sky Biomass, Bio Eneco Sdn Bhd, Schellinger & Co Muhlenwerke, Snow Timber Pellets LLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Wood Pellet Fuel Market Report Segments:
The global Wood Pellet Fuel market is segmented on the basis of:
Types
Forest Wood & Waste, Agriculture Residue, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Pellet for CHP/District Heating, Industrial Pellet for Co-firing, Pellet for Heating Residential/ Commercial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Drax Biomass Inc
- Rentech, Inc
- Enviva Partners, LP
- German Pellets GmbH
- Viridis Energy Inc
- AS Graanul Invest
- Pinnacle Renewable Energy Inc
- Lignetics Of Idaho, Inc
- Zilkha Biomass Energy, LLC
- Land Energy Girvan Limited
- Colombo Energy Inc
- Premium Pellet Ltd
- ECARE
- Fram Renewable Fuels
- Agon Biomass
- Pellet power
- Blue Sky Biomass
- Bio Eneco Sdn Bhd
- Schellinger & Co Muhlenwerke
- Snow Timber Pellets LLC
Highlights of The Wood Pellet Fuel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Forest Wood & Waste
- Agriculture Residue
- Others
- By Application:
- Industrial Pellet for CHP/District Heating
- Industrial Pellet for Co-firing
- Pellet for Heating Residential/ Commercial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wood Pellet Fuel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wood pellets are a type of fuel made from sawdust, wood chips, and water. They are burned in furnaces to produce heat and energy.
Some of the major companies in the wood pellet fuel market are Drax Biomass Inc, Rentech, Inc, Enviva Partners, LP, German Pellets GmbH, Viridis Energy Inc, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics Of Idaho, Inc, Zilkha Biomass Energy, LLC, Land Energy Girvan Limited, Colombo Energy Inc, Premium Pellet Ltd, ECARE, Fram Renewable Fuels, Agon Biomass, Pellet power, Blue Sky Biomass, Bio Eneco Sdn Bhd, Schellinger & Co Muhlenwerke, Snow Timber Pellets LLC.
The wood pellet fuel market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wood Pellet Fuel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wood Pellet Fuel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wood Pellet Fuel Market - Supply Chain
4.5. Global Wood Pellet Fuel Market Forecast
4.5.1. Wood Pellet Fuel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wood Pellet Fuel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wood Pellet Fuel Market Absolute $ Opportunity
5. Global Wood Pellet Fuel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wood Pellet Fuel Market Size and Volume Forecast by Type
5.3.1. Forest Wood & Waste
5.3.2. Agriculture Residue
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wood Pellet Fuel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wood Pellet Fuel Market Size and Volume Forecast by Application
6.3.1. Industrial Pellet for CHP/District Heating
6.3.2. Industrial Pellet for Co-firing
6.3.3. Pellet for Heating Residential/ Commercial
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wood Pellet Fuel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wood Pellet Fuel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wood Pellet Fuel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wood Pellet Fuel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wood Pellet Fuel Demand Share Forecast, 2019-2026
9. North America Wood Pellet Fuel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wood Pellet Fuel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wood Pellet Fuel Market Size and Volume Forecast by Application
9.4.1. Industrial Pellet for CHP/District Heating
9.4.2. Industrial Pellet for Co-firing
9.4.3. Pellet for Heating Residential/ Commercial
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wood Pellet Fuel Market Size and Volume Forecast by Type
9.7.1. Forest Wood & Waste
9.7.2. Agriculture Residue
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wood Pellet Fuel Demand Share Forecast, 2019-2026
10. Latin America Wood Pellet Fuel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wood Pellet Fuel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wood Pellet Fuel Market Size and Volume Forecast by Application
10.4.1. Industrial Pellet for CHP/District Heating
10.4.2. Industrial Pellet for Co-firing
10.4.3. Pellet for Heating Residential/ Commercial
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wood Pellet Fuel Market Size and Volume Forecast by Type
10.7.1. Forest Wood & Waste
10.7.2. Agriculture Residue
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wood Pellet Fuel Demand Share Forecast, 2019-2026
11. Europe Wood Pellet Fuel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wood Pellet Fuel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wood Pellet Fuel Market Size and Volume Forecast by Application
11.4.1. Industrial Pellet for CHP/District Heating
11.4.2. Industrial Pellet for Co-firing
11.4.3. Pellet for Heating Residential/ Commercial
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wood Pellet Fuel Market Size and Volume Forecast by Type
11.7.1. Forest Wood & Waste
11.7.2. Agriculture Residue
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wood Pellet Fuel Demand Share, 2019-2026
12. Asia Pacific Wood Pellet Fuel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wood Pellet Fuel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wood Pellet Fuel Market Size and Volume Forecast by Application
12.4.1. Industrial Pellet for CHP/District Heating
12.4.2. Industrial Pellet for Co-firing
12.4.3. Pellet for Heating Residential/ Commercial
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wood Pellet Fuel Market Size and Volume Forecast by Type
12.7.1. Forest Wood & Waste
12.7.2. Agriculture Residue
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wood Pellet Fuel Demand Share, 2019-2026
13. Middle East & Africa Wood Pellet Fuel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wood Pellet Fuel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wood Pellet Fuel Market Size and Volume Forecast by Application
13.4.1. Industrial Pellet for CHP/District Heating
13.4.2. Industrial Pellet for Co-firing
13.4.3. Pellet for Heating Residential/ Commercial
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wood Pellet Fuel Market Size and Volume Forecast by Type
13.7.1. Forest Wood & Waste
13.7.2. Agriculture Residue
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wood Pellet Fuel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wood Pellet Fuel Market: Market Share Analysis
14.2. Wood Pellet Fuel Distributors and Customers
14.3. Wood Pellet Fuel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Drax Biomass Inc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rentech, Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Enviva Partners, LP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. German Pellets GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Viridis Energy Inc
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AS Graanul Invest
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Pinnacle Renewable Energy Inc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lignetics Of Idaho, Inc
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Zilkha Biomass Energy, LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Land Energy Girvan Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Colombo Energy Inc
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Premium Pellet Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. ECARE
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fram Renewable Fuels
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Agon Biomass
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Pellet power
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Blue Sky Biomass
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Bio Eneco Sdn Bhd
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Schellinger & Co Muhlenwerke
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Snow Timber Pellets LLC
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
