Europe Biomass Pellets Market: Projected to Reach USD 22.16 Billion by 2033, Growing at a 6.9% CAGR

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 USD 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.

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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.

The United Kingdom's Dominance in the Biomass Pellets Market

The United Kingdom stands as a leading force in the biomass pellets market, accounting for over 25% of the total European demand. This position is driven by the country's commitment to clean technologies, with a notable rise in biomass-based power generation and heating systems. Supported by government policies such as the Renewable Heat Incentive (RHI) and the Renewable Obligation Certificate (ROC) schemes, the UK has successfully fostered growth in both biomass pellet production and consumption. These initiatives are central to the UK's strategy to reduce carbon emissions and phase out fossil fuels, positioning biomass pellets as a key cleaner energy source for the future.

The UK's strong industrial and transportation sectors further contribute to the growing demand for biomass pellets, which are used in a variety of applications across the nation. A combination of strategic geographic location and advanced logistics infrastructure ensures a steady supply of biomass pellets, supporting the market's expansion. As the UK continues to prioritize sustainability and renewable energy goals, it is set to remain a major player in the European biomass pellets market, driving innovation and investment to create a more sustainable energy future.

Key Takeaways:

• Europe market of biomass pellets is projected to witness a CAGR of 6.9% 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.

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
• Industrial
• Commercial

By Region:
• Germany
• Italy
• France
• The United Kingdom
• Spain
• Belgium
• Netherland
• Russia
• Rest of Europe

Have a Look at Related Research Reports of Chemicals & Materials

Wood Pellets Market: https://www.futuremarketinsights.com/reports/wood-pellets-market

Biomass Pellets Market: https://www.futuremarketinsights.com/reports/biomass-pellets-market

Coal Briquettes Market: https://www.futuremarketinsights.com/reports/coal-briquettes-market

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This release was published on openPR.