Global Wood Pellets Market 2023-2032 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies Enviva Inc., Energex American Inc., Graanul Invest, Pinnacle Renewable Energy, Fram Fuels
As per the Wood Pellets market report by The Business Research Company, increasing global demand for renewable energy is expected to propel the growth of the wood pellets market going forward.
The global wood pellets market size grew from $9.55 billion in 2022 to $10.7 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wood pellets market size is expected to grow to $15.99 billion in 2027 at a CAGR of 10.6%.
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Major competitors in the Wood Pellets market include Enviva Inc., Energex American Inc., Graanul Invest, Pinnacle Renewable Energy, Fram Fuels, Segezha-Group, Lignetics Inc., Asia Biomass Public Company Limited, Sinclar Group Forest Products, Lauzon, Wood Pellet Energy UK (LTD), United Company, Highland Pellets, LLC, Savoie, and I.C.S. (Lacroix) Lumber Inc.
The Wood Pellets market is segmented -
• By Feedstock: Forest And Wood Waste Resources, Agricultural Residue and Waste, Food Waste, Virgin Lumber, Energy Crops
• By Production Process: Sawdust Preparation, Screening, Hammering, Pelletizing, Cooling And Packaging
• By Application: Heating, Power Generation, Combined Heat And Power (CHP)
• By End-User: Residential, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Wood Pellets market.
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Wood pellets are finely powdered dried biofuel processed through a pellet dye process at high temperatures and pressure. It is typically burned to generate heat or process steam and electricity. These wood pellets are made from compressed sawdust, a by-product of other industries.
The Table Of Content For The Wood Pellets Market Include:
1. Executive Summary
2. Wood Pellets Market Characteristics
3. Wood Pellets Market Trends And Strategies
4. Wood Pellets Market - Macro Economic Scenario
5. Wood Pellets Market Size And Growth
28. Key Mergers And Acquisitions In The Wood Pellets Market
29. Wood Pellets Market Future Outlook and Potential Analysis
The "Global Wood Pellets Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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