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Wood Pellets Global Market By Product Type, By Feedstock, By Application, By Grade, By End User, By Regional Forecast 2023-2032 | Enviva Inc., Energex American Inc., Graanul Invest, Pinnacle Renewable Energy, Fram Fuels
Wood Pellets Market
Wood Pellets Market Size, Growth Rate, And Forecast
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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Wood Pellets Market Drivers
Increasing global demand for renewable energy is expected to propel the growth of the wood pellets market going forward. Renewable energy is defined as energy derived from natural sources and are replenished at a faster rate than it is consumed.
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Wood Pellets Market Segments
• 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 Market Key Players
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 Business Research Company's "Global Wood Pellets Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high-level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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
.....
26. Africa Wood Pellets Market
27. Wood Pellets Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Pellets Market
29. Wood Pellets Market Future Outlook and Potential Analysis
30. Appendix
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