Global Wood-Pellets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Wood-Pellets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Particulate fuels are currently widely used renewable, clean burning, and stable home heating alternatives. It is a biomass product made from renewable materials, usually recycled wood waste.

Market Overview:

The latest research study on the global Wood-Pellets market finds that the global Wood-Pellets market reached a value of USD 11672.38 million in 2022. It’s expected that the market will achieve USD 20773.12 million by 2028, exhibiting a CAGR of 10.08% during the forecast period.

Market Drivers
and Impact
Growing Demand from Key Regions
Wood-Pellets is a heating fuel, usually made from compressed wood chips and various other by-products of wood products. These particles are considered an alternative to fossil fuel sources such as coal or natural gas. The Asia-Pacific region is experiencing rapid economic growth, and the demand for biomass fuels in developed countries such as Japan and South Korea is also increasing. The preferential subsidies for locally sourced biomass from both countries will drive the expansion of the Wood-Pellets market. Developing countries such as China and India have relatively fast industrial development, have large demand for energy, and have great room for development of biomass fuels.
Growing Demand from Key Applications and Potential Industries
Environmental issues such as global warming and air pollution are affecting people's lives, and people's awareness of environmental protection is also increasing. Wood-Pellets are clean burning, renewable energy. Countries are actively developing, producing and promoting renewable fuels such as Wood-Pellets to reduce their reliance on fossil fuels such as oil and coal. With the tightening of environmental protection policies, power plants and industrial heat in more regions choose to use biomass fuels instead of fossil fuels. Wood-Pellets will be used more in industry.

Market Challenges and Impact

Product has certain defects
Wood-Pellets also has some defects in its use. First of all, wood pellet boilers need frequent maintenance so that they have the highest working efficiency. And because of the fan and automation, the furnace will produce some noise during operation. This makes the product unsuitable for noise-sensitive people. These defects in the product may hinder further market expansion.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (80.38% in 2022).

Company Overview:

Ekman is one of the major players operating in the Wood-Pellets market, holding a share of 8.46% in 2023.

Ekman

Ekman markets, sells, and distributes forest products. The Company provides pulp, paper, packaging products, recovered materials, and equipment.

Enviva

Enviva provides woody biomass. The Company offers wood pellets and other processed biomass fuels for power generation.

Segmentation Overview:

As for product types, the Black Pellet segment held the largest market share in 2022.

Black Pellet

Carbonized wood pellets are a denser pellet that resembles coal combustion. The carbonization process removes all moisture and is carried out in the absence of oxygen at high temperatures, turning them black, and they are considered carbonized.

White Pellet

White Pellet is a traditional biomass particle with a light color.

Application Overview:

By application, the Power Generation segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Wood-Pellets market covered in Chapter 3:

Fram Renewable Fuels
Innogy (RWE)
BlueFire Renewables
PFEIFER
RusForest
General Biofuels
Canfor
Dalin Biological
Pinnacle
Ekman
Lignetics
Drax Biomass International
SCANDBIO
Equustock
Graanul Invest Group
Enova Energy Group
Pacific BioEnergy
Zilkha Biomass Energy
Protocol Energy
Enviva
Biomass Secure Power

In Chapter 4 and Chapter 14.2, on the basis of types, the Wood-Pellets market from 2018 to 2029 is primarily split into:

Black Pellet
White Pellet

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wood-Pellets market from 2018 to 2029 covers:

Thermal Energy (Heat)
Power Generation

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)