Wood Chips Market to Grow at a 10 percentage CAGR Through the Forecast Period 2024-2030

The 𝐖𝐨𝐨𝐝 𝐂𝐡𝐢𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at US$ 10.01 Bn. in 2023. Global Wood Chips Market is estimated to grow at a CAGR of 10% over the forecast period.

𝐖𝐨𝐨𝐝 𝐂𝐡𝐢𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Wood chips, derived from chipping wood sources such as trees, branches, and forestry residues, are an essential raw material for multiple industries. They are widely used in residential heating, combined heat and power (CHP) systems, wood pulp production, and composting. The market offers both softwood and hardwood variants, catering to diverse consumer needs. Driven by increased awareness of sustainable practices and renewable energy, wood chips have emerged as a preferred choice in residential and commercial energy applications.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: https://www.stellarmr.com/report/req_sample/Wood-Chips-Market/485

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐖𝐨𝐨𝐝 𝐂𝐡𝐢𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

The wood chips market is propelled by several factors, including a surge in demand for renewable energy sources and sustainable heating solutions. The increasing adoption of wood chips in residential heating, owing to their cost-effectiveness and eco-friendliness, is a key growth driver. Additionally, their use as a raw material in the pulp industry and in composting applications has further boosted market demand. However, the market faces challenges from the growing popularity of wood pellets as a substitute and regulatory constraints concerning greenhouse gas emissions.

𝐖𝐨𝐨𝐝 𝐂𝐡𝐢𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the wood chips market highlight a growing inclination toward sustainable production practices and advanced applications. The use of wood chips in nanocrystalline cellulose (NCC) production for next-generation flexible electronic displays is a promising development. Furthermore, Japan's robust pipeline of biomass projects, supported by the Feed-in-Tariff subsidy mechanism, underscores the increasing use of wood chips for energy generation. Europe, with its long-standing tradition of utilizing wood chips in small-scale heat and power plants, continues to explore innovative applications and expand its local sourcing capabilities.

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐖𝐨𝐨𝐝 𝐂𝐡𝐢𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞𝐬

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam is emerging as a prominent player in the global wood chips market due to its abundant forest resources and rising export activities. The country's wood chip exports exceeded 11 million tons in 2023, driven by demand from China and Japan. Local players such as 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐅𝐨𝐫𝐞𝐬𝐭𝐫𝐲 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 are expanding their capacities to meet global demand, further strengthening Vietnam's market position.

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's wood chips market is propelled by government initiatives promoting renewable energy. The market's CAGR is expected to surpass 6.2% between 2024 and 2030, driven by the adoption of biomass power plants. Companies like 𝐏𝐓𝐓 𝐆𝐫𝐨𝐮𝐩 are investing in biomass energy projects, boosting the sector's potential.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.stellarmr.com/report/enquire_now/Wood-Chips-Market/485

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan remains a key consumer of wood chips for pulp production. Innovations in energy-efficient wood processing techniques have bolstered the market. 𝐎𝐣𝐢 𝐏𝐚𝐩𝐞𝐫 and 𝐍𝐢𝐩𝐩𝐨𝐧 𝐏𝐚𝐩𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 have pioneered sustainable practices, contributing to Japan's leadership in the sector.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's wood chips market is witnessing consolidation through strategic mergers and acquisitions. 𝐇𝐚𝐧𝐬𝐨𝐥 𝐏𝐚𝐩𝐞𝐫 recently acquired a majority stake in 𝐃𝐨𝐧𝐠𝐡𝐚𝐞 𝐂𝐡𝐢𝐩𝐬, aiming to strengthen its supply chain. This trend highlights South Korea's focus on vertical integration to enhance operational efficiency.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's wood chips market is niche but growing, driven by demand for sustainable landscaping solutions. Local players like 𝐍𝐚𝐭𝐮𝐫𝐞'𝐬 𝐆𝐥𝐨𝐫𝐲 are investing in high-quality imported wood chips for urban greenery projects, enhancing Singapore's position as a green city.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The US leads the global wood chips market with advanced biomass power generation facilities. With a market size exceeding USD 2 billion in 2023, the sector is expanding due to government incentives for renewable energy. Companies like 𝐆𝐞𝐨𝐫𝐠𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 and 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐚𝐩𝐞𝐫 dominate the landscape, investing in innovative production technologies.

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe remains a significant market for wood chips, driven by stringent renewable energy targets. Recent mergers, such as 𝐒𝐭𝐨𝐫𝐚 𝐄𝐧𝐬𝐨 acquiring 𝐇𝐨𝐥𝐦𝐞𝐧'𝐬 𝐟𝐨𝐫𝐞𝐬𝐭 𝐝𝐢𝐯𝐢𝐬𝐢𝐨𝐧, underline the industry's consolidation. The European Union's focus on carbon neutrality is fostering further investments in biomass energy.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.stellarmr.com/report/req_sample/Wood-Chips-Market/485

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐅𝐨𝐫𝐞𝐬𝐭𝐫𝐲 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 announced a strategic partnership with Japanese firms to expand wood chip exports.

𝐎𝐣𝐢 𝐏𝐚𝐩𝐞𝐫 in Japan launched a new energy-efficient processing facility to enhance production capabilities.

𝐇𝐚𝐧𝐬𝐨𝐥 𝐏𝐚𝐩𝐞𝐫 in South Korea secured funding for technological upgrades in wood chip production.

𝐆𝐞𝐨𝐫𝐠𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 in the US introduced a new sustainable wood sourcing policy.

𝐒𝐭𝐨𝐫𝐚 𝐄𝐧𝐬𝐨 in Europe expanded its production capacity to meet growing demand for biomass.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐖𝐨𝐨𝐝 𝐂𝐡𝐢𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

By Product

Softwood
Hardwood
Manual

By Application

Combined Heat & Power (CHP)
Household Furnishing
Residential Heating
Wood pulp
Others

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭: https://www.stellarmr.com/report/Wood-Chips-Market/485 

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐖𝐨𝐨𝐝 𝐂𝐡𝐢𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

Enviva Pellets
St. Boniface Pallet
American Wood Resources
EVOWORLD GmbH
Boniface Pallet Company Ltd
Mitsui & Co., Ltd.
Oji Holdings
Orsted A/S
Sojitz Corporation
Verdo A/S
Axpo Group
Rentech
Chip Chip
Great Northern Timber

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

♦ Internet of Things (IoT) in the Energy Market https://www.stellarmr.com/report/Internet-of-Things--IoT--in-the-Energy-Market/400

♦ Probiotics in Animal Feed Market https://www.stellarmr.com/report/Probiotics-in-Animal-Feed-Market/401

♦ Green Tire Market https://www.stellarmr.com/report/Green-Tire-Market/402

♦ Animal Disinfectant Market https://www.stellarmr.com/report/Animal-Disinfectant-Market/403

♦ Blockchain in Energy Market https://www.stellarmr.com/report/Blockchain-in-Energy-Market/404

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,

Pinnac Memories Fl. No. 3, Kothrud, Pune,

Pune, Maharashtra, 411029

sales@stellarmr.com

𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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