Wood Chips Market to Double to USD 19.5 B by 2032 at 10.3% CAGR

◉ Global Wood Chips Market to Reach USD 19.54 B by 2032 at ~10.3% CAGR
According to Maximize Market Research, the global Wood Chips Market was valued at approximately USD 8.92 billion in 2024, and is projected to climb to USD 19.54 billion by 2032, growing at a solid 10.3% CAGR between 2025-2032.

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◉ Market Overview & Key Drivers
Wood chips serve vital roles across industries, including bioenergy generation, pulp & paper production, residential/commercial heating, landscaping, animal bedding, and other specialty uses such as mulch and composting applications. Rising demand is fueled by the push for renewable energy, strict environmental regulations, and growing infrastructure in biomass-based systems.

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◉ Competitive Landscape & Higher Demand in Which Region
Competitive Landscape: The industry is led by major players such as Enviva Partners, EVOWORLD GmbH, St. Boniface Pallet, Mitsui & Co., Ørsted A/S, Great Northern Timber, and Sojitz Corporation, who innovate in processing, bioenergy supply chains, and global distribution.

Higher Demand in Which Region: Asia-Pacific demonstrates the highest demand and fastest growth, driven by rapid urbanization, strong biomass project pipelines (facilitated by incentives like Japan's Feed-in-Tariff), and rising applications in pulp, energy, and agriculture across China, India, Japan, and Southeast Asia.

◉ Country-Specific Insights
Vietnam: Supply Expansion Growth in Vietnam
Vietnam's expanding forestry sector and growing biomass facilities increasingly rely on wood chips for energy and paper production.

Thailand: Tourism & Bioenergy Trends
Thailand leverages wood chips in resort-area biomass heaters and agro-processing, supporting tourism and energy diversification.

Japan: Project Pipeline Updation
Japan continues expanding biomass plants via subsidized programs, increasing both domestic wood chip usage and exports for pulp and energy.

South Korea: Innovation & Opportunity
South Korea is integrating wood chips into CHP systems and pulp applications, supported by evolving wood-residue utilization technologies.

Singapore: Benchmarking Energy Transition Trends
Singapore pilots biomass energy and sustainable urban forestry practices, using imported wood chips as part of its green energy mix.

United States: Industrial Consolidation & Bioenergy Trends
The U.S. holds a leading role in wood chip adoption via pulp, landscaping, and biomass energy. Key firms include Enviva Partners, Drax Group, and Pinnacle Renewable Energy.

China: Manufacturing and Energy Growth in China
China underpins global demand via its vast pulp & paper operations and renewable energy expansion, with heavy reliance on wood chips as low-cost biomass feedstock.

Europe: Compliance & Sustainability Opportunity
Europe, particularly Germany and Scandinavia, continues to drive demand through small-scale biomass facilities and strict renewable energy mandates.

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◉ Wood Chips Market Segmentation Analysis
by Wood Type
Softwood Chips
Hardwood Chips

by Source
Forest Residues
Sawmill Residues
Short Rotation Coppice (SRC)
Whole Tree Chips

by Application
Pulp & Paper
Bioenergy & Biomass Power Plants
Wood Pellets & Briquettes
Mulching & Landscaping
Animal Bedding
Others

◉ Mergers & Key Recent Developments
Enviva Partners continues to lead the global pellet and wood chip supply chains, expanding capacity in response to European and U.S. bioenergy demand.

Ørsted A/S postures wood chip supply for large-scale biomass-to-energy plants in Europe.

BURKHARDT GmbH introduced its new "V5.90S wood gasifier with CHP module" engineered to operate on wood chips-highlighting innovation in residential and small industrial bioenergy solutions.

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