Global Wood-Pellets Market Growth 2023-2029

Global Wood-Pellets Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Wood-Pellets Industry Forecast” looks at past sales and reviews total world Wood-Pellets sales in 2022, providing a comprehensive analysis by region and market sector of projected Wood-Pellets sales for 2023 through 2029. With Wood-Pellets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wood-Pellets industry.

This Insight Report provides a comprehensive analysis of the global Wood-Pellets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Wood-Pellets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Wood-Pellets market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wood-Pellets and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Wood-Pellets.

The global Wood-Pellets market size is projected to grow from US$ 5752 million in 2022 to US$ 8838 million in 2029; it is expected to grow at a CAGR of 8838 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Wood-Pellets market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

White Pellet

Black Pellet

Segmentation by application

Power Generation

Industrial Furnace

Civil Use

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Wood-Pellets market?

What factors are driving Wood-Pellets market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Wood-Pellets market opportunities vary by end market size?

How does Wood-Pellets break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.