Global Wood Pellets Market Research Report 2023(Status and Outlook)

Global Wood Pellets Market Research Report 2023(Status and Outlook)

Report Overview

Wood pellet is a solid fuel that is produced by crushing and densifying waste timber like sawdust, forestry residues, industrial byproducts like old paper and forestry wastes. The length is 1-2 cm and the diameter is generally 6, 8, 10, or 12mm. It is possible to produce 25mm wood pellet at maximum. In Sweden, 6mm wood pellet is encouraged to use in house as it can realize the best condition of combustion. Wood pellet production doesn't need to add binder as lignin, an element of wood, plays a role of binder and helps to pelletize when it is melted by heat.

Wood-Pellets are mainly classified into the following types: white pellet and black pellet. White pellet is the most widely used type which takes up about 97% of the total sales, while the black pellet has a fast growing speed.

Wood-Pellets have wide range of applications, such as power generation, industrial furnace, civil use etc. And power generation was the most widely used area which took up about 61% of the global total.

Europe is the largest consumer of Wood-Pellets in the world. Europe market took up about 57% the global market, while North America and China were about 21%, 8%.

Enviva, Pinnacle, Graanul Invest Group, Drax Biomass International, Vyborgskaya Cellulose and Lignetics, etc. are the key suppliers in the global Wood-Pellets market. Top 5 took up about 32% of the global market.

The Global Wood Pellets Market Size was estimated at USD 5511.10 million in 2022 and is projected to reach USD 8341.54 million by 2029, exhibiting a CAGR of 6.10% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Wood Pellets market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Wood Pellets Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Wood Pellets market in any manner.

Global Wood Pellets Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Enviva

Pinnacle

Vyborgskaya Cellulose

Rentech

Innogy

Graanul Invest Group

Zilkha Biomass Energy

Canfor

General Biofuels

Pacific BioEnergy

Protocol Energy

PFEIFER

Biomass Secure Power

Viridis Energy

Westervelt

BTH Quitman Hickory

Energex

Lignetics

Equustock

Fram Renewable Fuels

RusForest

Neova

Drax Biomass International

Enova Energy Group

Aoke Ruifeng

DEVOTION

Dalin Biological

Senon Renewable Energy

Xirui New Energy

Weige Bio-tech Energy

Market Segmentation (by Type)

White Pellet

Black Pellet

Market Segmentation (by Application)

Automotive

Industrial

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Wood Pellets Market

Overview of the regional outlook of the Wood Pellets Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors