Press release
Wood Chips Market Expected to Reach USD 14.66 Billion by 2029, with 10.1% CAGR
Wood Chips Market
Scope of the Report
The research report encompasses an extensive analysis of the Wood Chips Market, providing a detailed understanding of market dynamics, growth drivers, restraints, and regional trends. The report also presents a segmentation analysis based on product and application categories, revealing insights into market share, trends, and opportunities within these segments.
Research Methodology
The report's findings are the result of a rigorous research methodology, including comprehensive data collection, analysis, and validation. Industry experts and researchers contributed to the creation of this insightful report, ensuring accuracy and reliability in the presented information.
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What are Wood Chips Market Dynamics?
Market Drivers
The market for wood chips is witnessing a paradigm shift, driven by major projects that are creating new supply markets. Wood chips are increasingly used for electricity and heat generation in small plants across Europe. The rising adoption of renewable energy sources, like biomass, in response to traditional energy source depletion, is further bolstering the wood chips market. Additionally, the demand for pulp chips in the wood industry and their use as a raw material for pulp creation contribute to the market's growth.
Market Restraints
Sustainability-related certifications and limitations on greenhouse gas emissions pose challenges to the wood chips market. The increasing use of wood pellets for power generation in residential and commercial sectors also restricts the growth of the wood chips market. These factors are expected to influence market dynamics during the forecast period.
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Wood Chips Market Segmentation?
Product Segment: Softwood holds a dominant market share, attributed to its versatility in various applications. The demand for products like garden pulp and playground surfaces is expected to boost this segment. The higher carbon content of hardwood products also contributes to their sustained demand.
Application Segment: The combined Heat and Power (CHP) segment is expected to grow rapidly due to the rising demand for wood chips as a fuel in CHP applications. Although commonly used for residential heating, its growth might be constrained by pellet usage for interior heating. Wood chips are also gaining popularity as garden mulch due to their water-absorbing capabilities and cost-effectiveness.
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Who are Wood Chips Market Key Players?
1. Cogent Fibre
2. Enviva Pellets
3. St. Boniface Pallet
4. American Wood Resources
5. EVOWORLD GmbH
6. Boniface Pallet Company Ltd
7. Mitsui & Co., Ltd.
8. Oji Holdings
9. Orsted A/S
10. Sojitz Corporation
11. Verdo A/S
12. Axpo Group
13. Rentech
14. Chip Chip
15. Great Northern Timber
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Table of content for the Wood Chips Market includes:
Global Wood Chips Market: Research Methodology
Global Wood Chips Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Wood Chips Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Wood Chips Market Segmentation
Global Market, by Product (2022-2029)
Global Market, by Application (2022-2029)
Global Market, by Variety Type (2022-2029)
Global Market, by Raw Material (2022-2029)
Regional Wood Chips Market (2022-2029)
Regional Market, by Product (2022-2029)
Regional Market, by Application (2022-2029)
Regional Market, by Variety Type (2022-2029)
Regional Market, by Raw Material (2022-2029)
Regional Market, by Country (2022-2029)
Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
Asia Pacific: This region is projected to account for a significant share of global revenue, driven by the growing adoption of wood chips for domestic heating. Japan's biomass projects, backed by the Feed-in-Tariff subsidy system, are propelling its use of wood chips for energy generation.
North America: The second-highest revenue share is anticipated in the North American market. Stringent regulations in Europe and North America are boosting the demand for wood chips. In Europe, wood chips have a long history of being utilized for heat and power generation in small-scale facilities, primarily fueled by locally grown wood sources.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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