Wood Chips Market Growth Overview, Industry Trends And Competition Strategies

Wood Chips Market is anticipated to reach USD 14.66 Bn by 2029 from USD 7.47 Bn in 2022 at a CAGR of 10.1% during a forecast period.

Wood Chips Market Report Scope and Research Methodology

Report Scope:

The "Wood Chips Market Insights, Values, and Regional Trends" report offers an in-depth analysis of the global Wood Chips Market. It covers key market drivers, restraints, and regional insights, providing a comprehensive understanding of the market's dynamics.

Research Methodology:

Our research methodology involved a comprehensive data collection process. Primary research included interviews with industry experts and stakeholders to gather revenue information from key market vendors. Secondary research involved the review of annual reports and financial data of leading manufacturers.

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What are Wood Chips Market Dynamics?

Market Drivers:

Renewable Energy Growth: Wood chips are increasingly used in small plants across Europe for electricity and heat generation, driven by the shift towards renewable energy sources and biomass.

Pulp Market Demand: The wood chips market benefits from the rising demand for pulp chips, where wood chips serve as a vital raw material for pulp production.

Domestic Heating Solutions: The market is bolstered by the increased usage of wood chips for domestic heating solutions, particularly in Europe and North America. The rising demand for thermal energy from renewable feedstock products further fuels market growth.

Wood Chips Market Segmentation?

by Product

Softwood
Hardwood

By Product: Softwood dominated the market in 2022 and is expected to continue its dominance during the forecast period. The segment is likely to witness increased demand for applications like garden pulp and playground surfaces, driven by its high carbon content.

by Application

Combined Heat and Power (CHP)
Household Furnishing
Residential Heating
Playground Surfacing
Barbecue
Mulch
Bio Reactors and Fuel

By Application: The Combined Heat and Power segment is anticipated to grow at a faster pace. Wood chips' increased usage as a fuel in combined heat and power applications is expected to drive growth. While residential heating remains a common application, the widespread use of pellets for indoor heating may limit its expansion. Wood chips' water-absorbing properties and cost-effectiveness are set to make them popular as garden mulch.

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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

Table of content for the Wood Chips Market includes:

Part 01: Executive Summary

Part 02: Scope of the Wood Chips Market Report

Part 03: Global Wood Chips Market Landscape

Part 04: Global Wood Chips Market Sizing

Part 05: Global Wood Chips Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: The North American market is anticipated to hold the second-highest revenue share globally. Stringent regulations in Europe and North America are likely to drive the demand for wood chips, which have been extensively used in small-scale facilities for heat and power generation. Locally sourced wood is primarily used for heat generation in Europe.

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