Biomass Pellets Industry in Europe Predicted to Achieve a Remarkable 6.9% CAGR, Reaching US$ 22,161.2 million by 2033

Biomass pellets are a sustainable energy source made from compressed organic materials like wood, agricultural residues, and even dedicated energy crops. These small, dense pellets are a cleaner alternative to fossil fuels, emitting fewer greenhouse gases when burned. Biomass pellets are a versatile fuel used in residential heating, industrial processes, and power generation. They offer energy security, reduced carbon emissions, and the potential to mitigate climate change by utilizing organic waste materials for renewable energy production.

The Europe biomass pellets market, as reported by Future Market Insights (FMI), reached US$ 10,743.6 million in 2022. Demand for biomass registered a 6.3% year-on-year growth in 2022, indicating that the Europe market would reach US$ 11,387.5 million in 2023.

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Over the forecast period 2023 to 2033, Europe sales of biomass pellets are expected to exhibit a 6.9% CAGR. It is expected to total a market size of US$ 22,161.2 million by the end of 2033.

Biomass pellets are a clean-burning, cost-effective, and renewable source of fuel that is gaining high popularity as an alternative to fossil-based fuels. Biomass pellets can be produced from any type of compressed biomass or organic matter. This includes cordwood, wood chips, wood sawdust, waste paper, agricultural waste (residue), food waste, virgin lumber, and energy crops among others.

The key application of biomass pellets is heating. They can be used in industrial heating, commercial or residential heating, and also in power generation.

Wood pellets are widely consumed for diverse applications in European countries such as in the United Kingdom, Netherlands, Italy, Germany, and others. The increasing cost of energy, electricity, and fluctuations in the oil and gas industry are propelling the demand for renewable products for power generation.

The United Kingdom is the leading and key consuming country followed by other European countries such as Denmark, The Netherlands, Italy, Germany, and others.

The growing demand for renewable energy has created export opportunities for European biomass pellet producers. Countries with surplus biomass resources, advanced pellet production technologies, and sustainability certifications are exporting biomass pellets to meet demand in other countries, contributing to market growth.

Key market players are focusing on alternative distribution channels, such as online, to strengthen their market presence in both regional and country-level markets.

The majority of key players are focusing on, expansion of production units whereas small-scale companies must invest significantly in research and development to introduce new products and expand their Europe presence. Also, key players are focusing on growth in strategic sectors and creating value hubs.

Key Takeaways:

- Europe market of biomass pellets is projected to witness a CAGR of 9% during the period between 2023 and 2033.
- Based on the end use, biomass pellets are widely used in residential sector majorly for heating and cooking purposes.
- Based on the type, wood pellets are the dominant segment and hold more than 85% of the total market share.
- Based on the country, the United Kingdom is the leading and key consuming country for biomass pellets, at 25% of the total Europe market.

"Expansion of production capacities to cater the growing demand for pellets is driving the market in Europe. Fluctuating prices of oil & gas in Europe, and demand for green and carbon-neutral technology are expected to provide growing opportunities to manufacturers." - says a lead FMI analyst

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Competitive Landscape

According to Future Market Insights (FMI) Analysis Energex, Blackwood Technology, Arbaflame AS, TTCL Public Company Limited, Verdo Holding A/S, Airex Energie Inc., Graanul Invest, Iwatani Corporation, Land Energy Girvan Limited, Schwaiger Holzindustrie GmbH and Co. KG, Holzwerke Weinzierl GmbH, Balcas Energy, Enviva, LP, Drax Group, Ambienta Biomasse, Naparpellet and others are the market players, which are identified as key players.

Key players are engaged in the expansion of production capacities along with research and development.

Key players are also involved in the long-term supply of the products with the end users to maintain the proper supply chain and uninterrupted supply of final products.

For instance:

- On April 4th, 2022, Enviva announced a US$ 250 million investment in new production plant for bond, mississippi to serve growing demand for renewable resources.
- December 12th, 2022, Enviva Inc. announced the signing of a new 10-year take-or-pay off-take fuel supply contract with an existing European customer, extendable for up to five years.
- On June 1st 2019, Arbaflame signed a contract with Engie. The French energy company Engie will purchase 70,000 tonnes a year of Arbaflame's patented wood pellets to replace coal in Engie's coal power plant Maasvlakte in Rotterdam.

More Insights into the Europe Biomass Pellets Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the Europe biomass pellets market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the Europe market potential, growth, and scope, the market is segmented based on type, source, end-use, and country.

Market Segmentation by Category

By Type:

Wood Pellets
Black Pellets
Forestry Pellets
Agricultural Pellets
Biomass Briquettes

By Source:

Agricultural Residue
Wood Sawdust
Wood Chips
Others

By End-use:

Residential
Heating
Cooking
Power Generation
Industrial
Heating
Power Generation
Bio-refining
Others
Commercial
Heating
Power Generation
Others

By Region:

Germany
Italy
France
The United Kingdom
Spain
Belgium
Netherland
Russia
Rest of Europe

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