Market Overview:
The global wood pellet 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 market can be segmented by type, application, and region. By type, the market can be divided into forest residues, other Woody biomass, wastes wood, and recycled wood. Forest residues are made up of tree branches that are left over after logging operations or storm damage cleanup efforts. Other Woody biomass includes waste materials such as sawdusts and shavings from lumber mills, bark chips from forestry operations, and mill tailings generated during paper production processes. Wastes Wood refers to any kind of wooden waste that is not used in any other form for manufacturing purposes such as pallets or crates etc., Recycled Wood comprises all reclaimed lumber including construction debris (windowsills), demolition debris (flooring), treated lumber (decking) etc.
Product Definition:
Wood pellets are a biofuel made from compressed sawdust, wood chips, or other waste wood products. Pellets are typically made from softwoods like pine and fir.
Forest Residues:
By understanding the factors that control and regulate forest residues, one can easily understand the dynamics of wood pellet market. The factors that control and regulate forest residues include temperature, moisture content, acidity or alkalinity of soil etc.
Residues are naturally occurring materials left behind after a tree has been cut down or removed from its source. It is made up of needles, branches, leaves etc.
Other Woody Biomass:
Other wyoming biomass is the waste material that is generated during the processing of wood into wood pellets. It can be further divided into agricultural wastes, sawdust, and other miscellaneous wastes. The process of making wood pellets generates a large amount of other wyoming biomass which can be used as an alternative source for energy production or disposed off as waste.
Application Insights:
The application segment includes power plants and heating applications. In terms of revenue, the wood pellet heating segment dominated the global market with a share of over 60% in 2017. Increasing demand for energy and rising need to reduce greenhouse gas emissions are expected to drive this application significantly over the forecast period.
Wood pellets are widely used for space heating in households as well as commercial buildings owing to their low carbon footprint when compared with other fossil fuels such as coal or oil. The growing trend towards using renewable sources of energy including wood is expected to have a positive impact on industry growth over the forecast period.
Regional Analysis:
North America dominated the global wood pellet market in 2017. The growth is majorly driven by the U.S., which accounted for over 80% of the total consumption in North America, and will continue to grow at a steady rate over the forecast period. Increasing demand from power generation sector due to growing environmental regulations is expected to drive growth further.
The European market was valued at USD X billion in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing high consumption levels coupled with stringent environmental norms regarding carbon emissions into wood pellets burners, thereby driving their adoption across regional markets as an eco-friendly alternative fuel source for power generation plants that emit greenhouse gases during coal mining process along with reducing overall energy costs associated with burning coal/wooden coals while maintaining constant output levels throughout the year unlike other fuels such as gas & oil where fluctuations occur based on availability of crude oil or gas supply & demand scenario affecting prices accordingly).
Growth Factors:
- Increasing demand from the heating sector as a result of environmental concerns and regulations supporting the use of renewable energy sources.
- Growing popularity of wood pellets as a fuel for residential and commercial heating, especially in Europe where there is a strong tradition of using biomass for this purpose.
- Rising prices for traditional fuels such as natural gas and oil, which is making wood pellets more competitive in terms of cost-effectiveness.
- The increasing number of small-scale pellet producers who are able to meet localized needs, providing greater flexibility and choice to consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood Pellet Market Research Report
By Type
Forest Residues, Other Woody Biomass, Wastes Wood, Recycled Wood
By Application
Power Plants, Heating
By Companies
Andritz AG, Drax Group plc, Enviva LP, F.E. Wood & Sons, German Pellets GmbH, Georgia Biomass, LLC, The Westervelt Company, Pinnacle Renewable Energy Group, Rentech, Inc., Energex, Wood Pellet Energy (UK) LTD, Allance Pellet Machinery, Enito Singpellet Pte Ltd
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Wood Pellet Market Report Segments:
The global Wood Pellet market is segmented on the basis of:
Types
Forest Residues, Other Woody Biomass, Wastes Wood, Recycled Wood
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
Power Plants, Heating
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:
- Andritz AG
- Drax Group plc
- Enviva LP
- F.E. Wood & Sons
- German Pellets GmbH
- Georgia Biomass, LLC
- The Westervelt Company
- Pinnacle Renewable Energy Group
- Rentech, Inc.
- Energex
- Wood Pellet Energy (UK) LTD
- Allance Pellet Machinery
- Enito Singpellet Pte Ltd
Highlights of The Wood Pellet 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 Residues
- Other Woody Biomass
- Wastes Wood
- Recycled Wood
- By Application:
- Power Plants
- Heating
- 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 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
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- 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 boilers or furnaces to produce heat, power and steam.
Some of the key players operating in the wood pellet market are Andritz AG, Drax Group plc, Enviva LP, F.E. Wood & Sons, German Pellets GmbH, Georgia Biomass, LLC, The Westervelt Company, Pinnacle Renewable Energy Group, Rentech, Inc., Energex, Wood Pellet Energy (UK) LTD, Allance Pellet Machinery, Enito Singpellet Pte Ltd.
The wood pellet market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wood Pellet 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 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 Market - Supply Chain
4.5. Global Wood Pellet Market Forecast
4.5.1. Wood Pellet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wood Pellet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wood Pellet Market Absolute $ Opportunity
5. Global Wood Pellet 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 Market Size and Volume Forecast by Type
5.3.1. Forest Residues
5.3.2. Other Woody Biomass
5.3.3. Wastes Wood
5.3.4. Recycled Wood
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wood Pellet 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 Market Size and Volume Forecast by Application
6.3.1. Power Plants
6.3.2. Heating
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wood Pellet 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 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 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 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 Demand Share Forecast, 2019-2026
9. North America Wood Pellet 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 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 Market Size and Volume Forecast by Application
9.4.1. Power Plants
9.4.2. Heating
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wood Pellet Market Size and Volume Forecast by Type
9.7.1. Forest Residues
9.7.2. Other Woody Biomass
9.7.3. Wastes Wood
9.7.4. Recycled Wood
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 Demand Share Forecast, 2019-2026
10. Latin America Wood Pellet 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 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 Market Size and Volume Forecast by Application
10.4.1. Power Plants
10.4.2. Heating
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wood Pellet Market Size and Volume Forecast by Type
10.7.1. Forest Residues
10.7.2. Other Woody Biomass
10.7.3. Wastes Wood
10.7.4. Recycled Wood
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 Demand Share Forecast, 2019-2026
11. Europe Wood Pellet 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 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 Market Size and Volume Forecast by Application
11.4.1. Power Plants
11.4.2. Heating
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wood Pellet Market Size and Volume Forecast by Type
11.7.1. Forest Residues
11.7.2. Other Woody Biomass
11.7.3. Wastes Wood
11.7.4. Recycled Wood
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 Demand Share, 2019-2026
12. Asia Pacific Wood Pellet 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 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 Market Size and Volume Forecast by Application
12.4.1. Power Plants
12.4.2. Heating
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wood Pellet Market Size and Volume Forecast by Type
12.7.1. Forest Residues
12.7.2. Other Woody Biomass
12.7.3. Wastes Wood
12.7.4. Recycled Wood
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 Demand Share, 2019-2026
13. Middle East & Africa Wood Pellet 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 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 Market Size and Volume Forecast by Application
13.4.1. Power Plants
13.4.2. Heating
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 Market Size and Volume Forecast by Type
13.7.1. Forest Residues
13.7.2. Other Woody Biomass
13.7.3. Wastes Wood
13.7.4. Recycled Wood
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 Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wood Pellet Market: Market Share Analysis
14.2. Wood Pellet Distributors and Customers
14.3. Wood Pellet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Andritz AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Drax Group plc
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 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. F.E. Wood & Sons
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. German Pellets GmbH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Georgia Biomass, LLC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. The Westervelt Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pinnacle Renewable Energy Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rentech, Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Energex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wood Pellet Energy (UK) LTD
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Allance Pellet Machinery
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Enito Singpellet Pte Ltd
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
