Press release
Wood Pellets Market Surges Amid Rising Demand for Renewable Energy & Sustainable Heating Solutions 2025 | Top key players - Enviva, Fram Renewable Fuels, German Pellets GmbH.
The Global Wood Pellets Market reached US$ 9.5 billion in 2023 and is expected to reach US$ 15.7 billion by 2031, growing with a CAGR of 6.4% during the forecast period 2024-2031.The Wood Pellets Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Wood Pellets Market refers to the global industry focused on the production, distribution, and consumption of compressed biomass fuel made from wood waste, such as sawdust and shavings. Wood pellets are primarily used for residential heating, industrial energy generation, and as a renewable alternative to fossil fuels, driven by sustainability goals, government incentives, and rising demand for clean energy sources.
Prominent Industry players in the Wood Pellets Market
The prominent players in Wood Pellets market research report are: Enviva, Fram Renewable Fuels, German Pellets GmbH, Wood Pellet Energy (UK) Ltd., Lignetics Inc., Energex Corporation, Viridis Energy Inc., Zilkha Biomass Energy, Drax Biomass and Veer Biofuel.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
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Industry News of USA:
March 2025 - Expansion of Enviva Inc.'s Pellet Production Facility in North Carolina
Enviva Inc. announced the expansion of its wood pellet production facility in North Carolina to meet the growing demand from European and Asian renewable energy markets. The upgrade is expected to increase the plant's output by 500,000 metric tons annually and create over 70 new jobs in the region.
August 2024 - U.S. Department of Energy Funds Bioenergy Project
The U.S. Department of Energy granted $20 million to support advanced bioenergy research, including innovations in sustainable wood pellet production. The project aims to improve pellet durability and reduce carbon emissions, enhancing the overall efficiency of biomass power generation.
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Market Segments
By Feedstock: Agricultural Residues, Recycled Wood, Forest Residues, Others.
By Application: Heating, Power Generation, Combined Heat & Power (CHP).
By End-User: Residential, Commercial, Industrial.
The Wood Pellets industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Wood Pellets Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Wood Pellets Market?
✒ Who are the prominent players in the Wood Pellets Market?
✒ How is the regulatory landscape affecting the Wood Pellets Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Wood Pellets Market?
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