Biomass Pellet Market Report: Trends, Forecast and Competitive Analysis to 2030

Biomass Pellet Market Report: Trends, Forecast and Competitive Analysis to 2030

Biomass Pellet Trends and Forecast

The future of the global biomass pellet market looks promising with opportunities in the power generation, industrial heating, and residential heating markets. The global biomass pellet market is expected to reach an estimated $9.2 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are high demand of renewable resources, growing concerns about global warming, and rising energy consumption in worldwide.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Biomass Pellet by Segment

The study includes a forecast for the global biomass pellet by source, type, application, and region.

Biomass Pellet Market by Source [Shipment Analysis by Value from 2018 to 2030]:

• Industrial Waste & Co-Product
• Agriculture Residue
• Food Waste
• Energy Crop
• Virgin Lumber
• Others

Biomass Pellet Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Wood Pellet
• Agri Pellet
• Torrefied Pellet
• Others

Biomass Pellet Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Power Generation
• Industrial Heating
• Residential Heating
• Others

Biomass Pellet Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Biomass Pellet Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies biomass pellet companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biomass pellet companies profiled in this report include-

• Drax Group
• Enviva
• German Pellets
• AS Graanul Invest
• Pinnacle Renewable Energy
• Lignetics
• Zilkha Biomass Energy
• Fram Fuels
• Abellon CleanEnergy
• Ecostan

Biomass Pellet Market Insights

Lucintel forecasts that wood pellet will remain the largest segment over the forecast period due to its increasing demand in the residential and commercial heating markets for wood pellets.

Within this market, power generation will remain the largest segment over the forecast period.

Europe will remain the largest region over the forecast period due to growing incentives from the government to use renewable energy projects in the region.

Features of the Global Biomass Pellet Market

Market Size Estimates: Biomass pellet market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Biomass pellet market size by source, type, application, and region in terms of value ($B).

Regional Analysis: Biomass pellet market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sources, types, applications, and regions for the biomass pellet market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the biomass pellet market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the biomass pellet market size?

Answer: The global biomass pellet market is expected to reach an estimated $9.2 billion by 2030.

Q2. What is the growth forecast for biomass pellet market?

Answer: The global biomass pellet market is expected to grow with a CAGR of 5.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the biomass pellet market?

Answer: The major drivers for this market are high demand of renewable resources, growing concerns about global warming, and rising energy consumption in worldwide.

Q4. What are the major segments for biomass pellet market?

Answer: The future of the biomass pellet market looks promising with opportunities in the power generation, industrial heating, and residential heating markets.

Q5. Who are the key biomass pellet market companies?

Answer: Some of the key biomass pellet companies are as follows:

• Drax Group
• Enviva
• German Pellets
• AS Graanul Invest
• Pinnacle Renewable Energy
• Lignetics
• Zilkha Biomass Energy
• Fram Fuels
• Abellon CleanEnergy
• Ecostan

Q6. Which biomass pellet market segment will be the largest in future?

Answer: Lucintel forecasts that wood pellet will remain the largest segment over the forecast period due to its increasing demand in the residential and commercial heating markets for wood pellets.

Q7. In biomass pellet market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period due to growing incentives from the government to use renewable energy projects in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the biomass pellet market by source (industrial waste & co-product, agriculture residue, food waste, energy crop, virgin lumber, and others), type (wood pellet, agri pellet, torrefied pellet, and others), application (power generation, industrial heating, residential heating, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?Please note: It will take 2-3 business days to deliver the report upon receipt the order.