Biomass Pellets Market To Gain Substantial Traction Through 2030

The global biomass pellets market size was predicted to grow from USD 15.74 billion in 2020 and reach USD 29.76 billion by 2027, at an 11.7% CAGR during the forecast period, 2021-2027. The rising demand from end-use industries is projected to drive the market over the forecast period. Consumption by the heating and power generation sectors will be especially prominent, exhibiting the CAGRs of 8.7% and 12.4%, respectively, over the forecast period. Furthermore, wood sawdust is gaining traction among manufacturers as a raw material for biomass pellets production.

Key Influencers Associated with Biomass Pellets Market over Forecast Period:
The growing use of biomass pellets as a preferred fuel for co-firing the coal-based boilers is projected to significantly increase the demand for biomass pellets over the forecast period.

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Industrial efforts to reduce carbon emissions and curtail the overall costs of raw materials are expected to promote clean, low-cost biomass pellets, leading to further growth of the market. Moreover, the surplus availability of biomass feedstock and capacity to meet soaring demand will most likely propel the market expansion over the forecast period.

Governments have been enforcing stringent regulatory policies to promote the utilization of renewable fuels. Moreover, myriads of subsidies and incentives declared by governments and other institutions further aid in proliferated use of renewable sources. This shift towards renewable fuels to achieve sustainability is likely to support the growth of the biomass pellets market over the forecast period.

Active participation of major players in the biomass market and end-use industries across the globe in the international trading of biomass pellets is likely to result in a promising growth outlook.

Impact of COVID-19 on Biomass Pellets Market:
The outbreak of COVID-19 has significantly affected the market, resulting in a decrease in overall demand. The economic slowdown and temporary shutdown of manufacturing bases have caused a significant decline in most end-use industries, which is expected to negatively affect the biomass pellets market in the initial years of the forecast period. The supply chain has faced relatively less disruption amid the pandemic when compared to that faced by other industrial sectors, which is a supporting factor for the biomass pellets market.

Scope of the Report
The report outlines the global biomass pellets market study based on source, application, type, and end-use industry.

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Based on the source, the biomass pellets market has been segmented into -
Agricultural Residue
Wood Sawdust
Others
Based on the application, the biomass pellets market has been segmented into -
Feed
Civil Fuels
Industrial Fuel
Others
Based on the type, the biomass pellets market has been segmented into -
Wood Pellets
Fuel Pellets
Based on the end-use industry, the biomass pellets market has been segmented into -
Power Generation
Industrial Heating
Commercial & Domestic Heating
Others
Biomass Pellets Market: Regional Outlook
The biomass pellets market has been segmented into the Asia Pacific, Europe, North America, the Middle East, and Africa. In 2020, Europe dominated the global market on account of stringent regulations promoting renewable fuel utilization. However, North America and the Asia Pacific are expected to grow at comparatively higher rates than the European market. The Asia Pacific, especially the east Asian nations like China and Japan, will showcase a lucrative growth potential over the forecast period. This growth is attributable to the rapid industrial development that these countries have been witnessing recently.

Key Global Biomass Pellets Market Competitors Includes -
The global biomass pellets market is highly fragmented, with a large number of small players across the globe. The biomass pellets manufacturers operating in the global market are -

Drax Biomass Inc.
Enviva Partners
German Pellets GmBH
Pinnacle Renewable Energy Inc.
Abellon CleanEnergy Limited
Energex
Internation WoodFuels, LLC
Helius Energy Ltd.
The key players in the biomass pellets market are focusing on growth strategies such as expansion, acquisitions, joint ventures, new product lines, and advance technology adaption on a global level to enhance their market share. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country.

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Biomass Pellets Market Report Covers Comprehensive Analysis On:
Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis
Developed & Emerging Economies Analysis
PEST Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles
Biomass Pellets Market Regional Analysis Includes:
North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA
Biomass Pellets Market: Target Audience
Biomass pellets manufacturers
Chemical Industries
Boiler manufacturers
Renewable energy companies
Raw material suppliers for biomass companies
Clean energy research labs - Universities and private institutions
Trade publications and magazines
Government authorities, associations, and organizations
Key Issues Addressed
What is the market size by various segmentation of the biomass pellets by region and their respective countries?
What are the customer buying behavior, key takeaways, and Porter's 5 forces of the biomass pellets market?
What are the key opportunities and trends for manufacturers involved in the biomass pellets supply chain?
What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
What and how regulations, schemes, patents, and policies are impacting the growth of the market?
What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
What will be the impact of cutting-edge technology on the biomass pellets market?
How has COVID-19 impacted the demand and sales of biomass pellets in the global market? Also, the expected BPS drop or rise count of the market and market expected recovery period.
Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.
What is the worldwide size of the biomass pellets market?
The global biomass pellets market size was predicted to grow from USD 15.74 billion in 2020 and reach USD 29.76 billion by 2027, during the forecast period, 2021-2027.
What is the biomass pellets market growth globally?
The global biomass pellets market size was estimated to reach a CAGR of 11.7% during the forecast period, 2021-2027.
Which region accounted for the largest biomass pellets market share?
In 2020, Europe dominated the global market on account of stringent regulations promoting renewable fuel utilization, followed by Asia Pacific and North America.
Who are the key players that are driving the market of biomass pellets?
The biomass pellets manufacturers operating in the global market are Drax Biomass Inc., Enviva Partners, German Pellets GmBH, Pinnacle Renewable Energy Inc., Abellon CleanEnergy Limited, Energex, Internation WoodFuels, LLC, and Helius Energy Ltd.
What are the factors driving the biomass pellets market?
Key factors that are driving the biomass pellets market growth include industrial efforts to reduce carbon emissions, governments have been enforcing stringent regulatory policies, and availability of biomass feedstock and capacity to meet soaring demand will increase the demand for biomass pellets during the forecast period.
Infographics
The infographic presentation represents a brief outline of the research findings and highlights the key trends deliberated in it.

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