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Wood Pellet Market to Soar Valued at $13.57 Billion in 2023, Projected 15% CAGR Growth Ahead

12-20-2024 07:00 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT.LTD

Wood Pellet Market

Wood Pellet Market

๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The global wood pellets market is witnessing robust growth, driven by increasing demand for renewable energy sources, environmental sustainability, and government incentives to adopt clean energy. The market, valued at USD 13.57 billion in 2023, is projected to reach USD 36.09 billion by 2030, growing at a CAGR of 15 % from 2024 to 2030. This press release provides a comprehensive overview of market dynamics, mergers, acquisitions, and key developments across regions, with a special focus on Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/30306/

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ'๐ฌ ๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Vietnam is emerging as a key player in the global wood pellets market, leveraging its abundant biomass resources. The country has witnessed significant investments, including the acquisition of local players by Enviva Partners and Sumitomo Forestry to enhance production capabilities. The Vietnamese government's policies supporting renewable energy adoption have created a fertile environment for the wood pellets industry to flourish.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐'๐ฌ ๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Thailand's wood pellets market is on a growth trajectory, driven by the country's strong emphasis on bioenergy and exports. Key developments include Mitsui & Co.'s collaboration with Thai producers to strengthen their global supply chain. The government's initiatives to reduce carbon emissions are further propelling market demand.

๐‰๐š๐ฉ๐š๐ง ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง'๐ฌ ๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Japan is one of the largest consumers of wood pellets, with rising demand from the energy sector. The market has seen strategic partnerships such as the agreement between Mitsubishi Corporation and Sumitomo Forestry to enhance import volumes. The Japanese government's focus on achieving carbon neutrality by 2050 underpins the sustained growth of this market.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/30306/

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š'๐ฌ ๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ๐ฌ

South Korea has seen considerable consolidation, with major players like Hanwha Energy acquiring smaller firms to strengthen their domestic and export capacities. The Renewable Portfolio Standard (RPS) has been a game-changer, boosting the adoption of wood pellets for energy production and export.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž'๐ฌ ๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Singapore, though a smaller player, has positioned itself as a trading hub for wood pellets in Asia. Companies like Wilmar International are leveraging Singapore's strategic location to manage supply chains and explore export opportunities in the region.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

The US is a global leader in wood pellet production, with a well-established domestic and export market. Key mergers include Enviva Partners' acquisition of Green Circle Bio Energy, which has enhanced production capacity. Additionally, the US Department of Energy's renewable energy incentives have driven significant investments.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/30306/

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Europe is the largest consumer of wood pellets globally, driven by stringent environmental policies and demand for clean energy. The region has seen notable developments, such as Drax Group's investment in biomass power stations and Stora Enso's expansion of its pellet production facilities. The EU Green Deal continues to be a major growth driver for the market.

๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐†๐ซ๐š๐๐ž

Premium
Standard
Utility

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Residential
Commercial
Industrial
Animal Bedding

๐›๐ฒ ๐…๐ฅ๐š๐ฏ๐จ๐ซ๐ฌ

Hickory Wood Pellets
Pecan Wood Pellets
Apple Wood Pellets
Cherry Wood Pellets
Mesquite Wood Pellets

๐…๐จ๐ซ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ, ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐:https://www.maximizemarketresearch.com/market-report/global-wood-pellets-market/30306/

๐–๐จ๐จ๐ ๐๐ž๐ฅ๐ฅ๐ž๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š

1. Enviva Partners LP (US)
2. Pacific BioEnergy (US)
3. Premium Pellet Ltd. (US)
4. fram renewable fuels llc
5. rentech inc
6. lignetics
7. Highland Pellets
8. woodandsons
9. valfei products

๐„๐ฎ๐ซ๐จ๐ฉ๐ž

10. Wood Pellet Energy Ltd (UK)

11. Andritz AG (Austria)
12. Graanul Invest (Estonia)
13. drax group plc
14. German Pellets
15. royal wood shavings
16. sinclar group forest products ltd

๐€๐๐€๐‚

17. teri mehar agro fuel industries

18. Iwatani
19. nugreen energy
20. AVPGroup
21. Pellets from Woods (indonesia)
22. PT south pacific co

๐Œ๐ข๐๐๐ฅ๐ž ๐„๐š๐ฌ๐ญ

23. Pallet Supply Company

๐’๐จ๐ฎ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š

24. Bioena
25. ABB Wood Brazil

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐–๐ก๐š๐ญ'๐ฌ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐ :

โ™ฆ Global Rotomolding Powder Market https://www.maximizemarketresearch.com/market-report/global-rotomolding-powder-market/81325/

โ™ฆ Global Rust Preventive Oil Market https://www.maximizemarketresearch.com/market-report/global-rust-preventive-oil-market/79161/

โ™ฆ Global Salicylic Acid Market https://www.maximizemarketresearch.com/market-report/global-salicylic-acid-market/24889/

โ™ฆ Global Sebacic Acid Market https://www.maximizemarketresearch.com/market-report/global-sebacic-acid-market/25330/

โ™ฆ Global Security Threads Market https://www.maximizemarketresearch.com/market-report/global-security-threads-market/97520/

โ™ฆ Global Selenium Sulphide Market https://www.maximizemarketresearch.com/market-report/global-selenium-sulphide-market/60136/

โ™ฆ Global Semiconductor Fabrication Material Market https://www.maximizemarketresearch.com/market-report/global-semiconductor-fabrication-material-market/82256/

โ™ฆ Global Semiconductor Materials Market https://www.maximizemarketresearch.com/market-report/global-semiconductor-materials-market/66223/

โ™ฆ Global Silica Flour Market https://www.maximizemarketresearch.com/market-report/global-silica-flour-market/57187/

โ™ฆ Global Silicon Fertilizer Market https://www.maximizemarketresearch.com/market-report/global-silicon-fertilizer-market/21324/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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