Press release
Global Wood Pellets Market to Reach USD 36.09 Billion by 2030 at a CAGR of 15% - Wood Pellets Market Forecast
Wood Pellets Market
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/30306/
♦ Key Highlights:
Market size + CAGR: USD 13.57 billion in 2023; forecast to USD 36.09 billion by 2030 at a CAGR of ~15%.
Leading application / segment: Residential, commercial, industrial and animal bedding segments covered; industrial and residential applications gaining traction.
Largest / fastest-growing regional market: Europe expected to hold the highest share; Asia-Pacific and North America poised for significant growth.
Key drivers & trends: Shift from fossil fuels to biomass, renewable energy mandates, cost-competitiveness of wood pellets, high energy density and lower CO2 emissions.
Top companies: Notable players include Enviva Partners LP, Pacific BioEnergy, Premium Pellet Ltd., Drax Group plc, Graanul Invest among others.
♦ Market Outlook
The global wood pellets market is undergoing rapid transformation as regions strive to meet decarbonisation and renewable energy targets. According to the report, wood pellets-produced from finely processed wood bark, sawmill residues and other biomass-are increasingly used in residential heating, commercial boilers, industrial applications and power generation. The high energy density and relatively low CO2 emissions of wood pellets compared to conventional fossil fuels underpin their appeal. Regionally, favourable government policies, feed-in tariffs and incentives for biomass are boosting adoption. For example, Europe's advanced use of biomass for heating and power is expected to continue supporting growth. Meanwhile, North America benefits from competitive pricing of pellets versus propane or heating oil, and the Asia-Pacific region is gaining momentum as countries like China, South Korea and Japan increase biomass co-firing and CHP operations.
► Get access to the full description of the report @https://www.maximizemarketresearch.com/market-report/global-wood-pellets-market/30306/
♦ Regional Insights
In Europe, the wood pellets market remains dominant, with strong utility-scale biomass plants, district heating networks and strict carbon emissions targets driving uptake. The report signals Europe is expected to hold the largest share of the global market. North America represents a mature but still growing market, driven by residential heating conversions and export opportunities. Asia-Pacific is emerging as a fast-growing region thanks to increasing thermal power generation from biomass, shifting energy mixes and supportive government schemes. Markets in the Middle East, Africa and South America show smaller bases but present potential growth as infrastructure and regulatory frameworks evolve.
♦ Key Players & Competitive Landscape
Major players profiled in the report include Enviva Partners LP, Pacific BioEnergy, Premium Pellet Ltd., Lignetics, Graanul Invest, Drax Group plc and others. These companies are expanding production, investing in advanced pelletisation technologies and leveraging forestry residue supply chains to meet rising global demand. Competitive strategies include capacity expansion, mergers & acquisitions, partnerships and geographical diversification.
♦ Segmentation Insight
By grade, the market is segmented into Premium, Standard and Utility grades, with Premium grade commanding higher value due to lower ash content and higher performance specifications. By application, the market spans residential, commercial, industrial and animal bedding uses-each with distinct consumption patterns. The industrial segment, including power generation and co-firing, is emerging as a major growth area. By region, detailed forecasts by country and sub-region provide insight into local dynamics.
Among the drivers: the shift away from coal and oil, growing demand for renewable heating solutions, government renewable energy policies. Among restraints: potential feedstock supply constraints, logistics and transportation challenges, competing bio-fuels, regulatory changes and price volatility in raw materials.
♦ Quote
"Wood pellets represent a compelling renewable-fuel opportunity as energy systems pivot away from fossil fuels," said Jane Doe, Senior Analyst at Maximize Market Research. "With robust growth expected through 2030, companies that can secure sustainable biomass supply chains and optimise production will be well-positioned to capitalise on the wood pellets market growth."
◉ Get Market Research Latest Trends
♦ Global Cold Patch Market https://www.maximizemarketresearch.com/market-report/global-cold-patch-market/91038/
♦ Oil and Gas Custody Metering System Market https://www.maximizemarketresearch.com/market-report/oil-and-gas-custody-metering-system-market/70148/
♦ Global Electrical Resistors Market https://www.maximizemarketresearch.com/market-report/global-electrical-resistors-market/99673/
♦ Flocculant and Coagulant Market https://www.maximizemarketresearch.com/market-report/flocculant-coagulant-market/2495/
♦ Global Geocells Market https://www.maximizemarketresearch.com/market-report/global-geocells-market/27005/
About Maximize Market Research:
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.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Wood Pellets Market to Reach USD 36.09 Billion by 2030 at a CAGR of 15% - Wood Pellets Market Forecast here
News-ID: 4230745 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Electric Enclosure Market to Reach USD 115.16 Billion by 2032, Growing at 8.57% …
Electric enclosures are protective cabinets designed to house electrical and electronic components such as switches, circuit boards, and displays. Their primary purpose is to safeguard users from electric shocks while protecting sensitive equipment from environmental hazards. Typically installed within walls, electric enclosures offer both functional and aesthetic benefits by concealing wires and maintaining a clean, organized look.
These enclosures find widespread applications across multiple sectors including power transmission and distribution, energy…
India Automotive Aftermarket: Rising Focus on Vehicle Maintenance, Upgrades, and …
India Automotive Aftermarket - Market Overview
The India Automotive Aftermarket represents a critical pillar of the country's mobility ecosystem, encompassing replacement parts, accessories, diagnostics, maintenance, and repair services for vehicles already in operation. Valued at USD 10.3 billion in 2023, the market is benefiting from India's expanding vehicle parc of over 340 million vehicles, increasing vehicle age, and rising consumer awareness around preventive maintenance. The aftermarket plays a vital role in…
Parcel Delivery Market: Growing Demand for Fast, Reliable, and Technology-Driven …
Parcel Delivery Market Insights
Market Overview
The Global Parcel Delivery Market is experiencing steady growth driven by increasing e-commerce adoption, internet penetration, and cross-border trade. Parcel delivery involves transporting goods via road, rail, air, or sea, with services ranging from express delivery to standard courier options. The sector benefits from technological advancements, such as GPS tracking, RFID, autonomous delivery vehicles (ADVs), and electric vehicles (EVs) for last-mile delivery, improving efficiency and customer…
Tire Retreading Market: Rising Focus on Cost-Effective, Sustainable, and High-Pe …
Global Tire Retreading Market - Overview
The Global Tire Retreading Market is an integral part of the circular economy, offering a sustainable alternative to new tires by reducing raw material consumption and energy usage during production. Retreaded tires are widely used in commercial and transport vehicles, providing cost-effective, environmentally friendly solutions without compromising performance or durability. The adoption of retreading technologies is transforming supply chains in the transportation sector, enabling companies…
More Releases for Pellet
Top Wood Pellet Machine Manufacturer at 2024 Wood Pellet and Bioenergy Safety Su …
The global shift towards sustainable energy sources has put biomass, particularly wood pellets, at the forefront of the renewable energy agenda. As demand for wood pellets escalates, so does the critical need for safe and efficient production. Industry events like the Wood Pellet and Bioenergy Safety Summit play a pivotal role in ensuring that growth doesn't come at the expense of safety. It's at such vital gatherings that top wood…
Global Wood Pellet Market Size and Growth Forecast: Types of Biomass, Pellet Man …
The global wood pellet market is experiencing significant growth, driven by the increasing demand for renewable energy sources and stringent government policies aimed at reducing carbon emissions. Valued at USD 14.0 billion in 2024, the market is projected to reach USD 22.6 billion by 2033, exhibiting a CAGR of 5.5% during the forecast period. Europe currently dominates the market, accounting for over 47.9% share in 2024, owing to its strong…
Wood Pellet Market
Wood Pellet Market has valued at US$ 11.80 Bn. in 2022. The Wood Pellet Market size is estimated to grow at a CAGR of 15% over the forecast period.
Wood Pellet Market Report Scope and Research Methodology
The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Wood Pellet industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand…
Biomass Pellet Machine and Pellet Mill Market Analysis,Demand,Trends and Forecas …
Global Info Research announces the release of the report "Global Biomass Pellet Machine and Pellet Mill Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029" . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands…
Industrial Dry Ice Pellet Manufacturer | ESG
ESG is a dry ice pellet manufacturer in Koreathat provides the appropriate and practical cleaning methods for the quick removal of foreign substances.
ESG has constantly sought to achieve client satisfaction in quality based on their considerable expertise and understanding in the dry cleaning field, as all of their team members devote themselves to undertaking continuous research and realizing innovation in tandem. They also vow to constantly try their best to…
Huge Demand of Environment-friendly Pellet Fuel Market by 2029 | Wood Pellet En …
- Environment-friendly Pellet Fuel Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share, and contact information are shared in this report…
