Wood Pellets Market
Market Insights on Wood Pellets covering sales outlook, demand forecast & up-to-date key trends
Wood Pellets Market By Feedstock (Forest and Wood Waste Resources, Agricultural Residue and Waste, Food Waste, Virgin Lumber, Energy Crops), End-use Industry (Residential/Commercial Heating, CHP/District Heating, Co-firing) & Region - Forecast 2021 - 2031
Wood Pellets Market Overview
[300 Pages Report] Wood pellets market is set for astounding growth at approximately 11% CAGR through the forecast period 2021-2031. The market for wood pellets witnessed a massive slowdown in its progress as a result of the spread of the Covid-19 pandemic across the globe.
The level of demand declined to the extreme level due to lockdown creating hurdles for the key players operating in this Wood Pellets Market. However as recovery commences in 2021, major players are recuperating their positions through production expansion, capacity utilization, and online selling in 2021 keeping in view the covid-19 norms.
Recognized companies such as Enviva Partners LP, Pinnacle Renewable Energy Inc., Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Georgia Biomass, LLC and others are focusing on the incorporation of tactics including partnership agreements, sales contracts, strategic alliances, diversifications, innovative launches, mergers & acquisitions, research and developments, technological upliftments, product line extensions, hiring technical expertise, joint ventures, collaborations, product approvals, etc for gaining a competitive edge over others in the market.
For instance, in August 2020, Enviva Partners, LP, a leading global energy company specializing in sustainable wood bioenergy, announced the acquisition of a world-class wood pellet production plant in Waycross, Georgia. Enviva now has nine wood pellet production plants and five deep-water export terminals across Virginia, North Carolina, South Carolina, Georgia, Alabama, Mississippi, and Florida.
The Waycross plant has a production capacity of approximately 800,000 metric tons per year. After this acquisition, Enviva’s total annual wood pellet production capacity will touch approximately 4.9 million metric tons and the Waycross plant is now called, “Enviva Pellets Waycross.”
In terms of growth, the European region is projected to the dominant Wood Pellets Market during the forecast period owing to the widespread adoption in power boilers and residential heating segments. Asia Pacific region is expected to be lucrative owing to the rapid construction of power plants and the emergence of the renewable energy sector. Other regions are expected to witness decent growth levels in the wood pellets market during the forecast period.
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Wood Pellets Market Demonstrates Astounding Growth, Invigorated by Heightened Demand in Commercial & Residential Heating
The global wood pellets market is buckling up on the back of grave environmental concerns and rising government incentives towards sustainability. Having surpassed revenues, the Wood Pellets Market is poised for stupendous growth at approximately 11% CAGR through the forecast period (2021-2031).
The prodigious demand in the commercial & residential heating segment is compelling manufacturers to churn out wood pellets extensively through 2031. Moreover, consumption of wood pellets in co-firing continues to witness prolific growth. Agricultural residue and wood waste remain the prominent sources of wood pellets, in view of easy availability and lower production cost.
Demand for Carbon Neutral and Sustainable Fuel Continues to Bolster Wood Pellets Market Growth
The pellet-based power plant is gaining traction as a preferred alternative to the coal-based power plants, thereby accentuating the need for wood pellets in the industrial sector. Moreover, governments worldwide are keen on driving the adoption of renewable energy in the residential, transportation, and industrial sector.
Consumers in developed regions such as Europe have greater environmental sentience, which continues to account for their increasing reliance on renewable sources. Bio-based energy sources are gathering impetus in developing countries, for electricity generation. The reason is attributed to rising energy consumption and favorable government policies.
A significant reduction in the emission of greenhouse gases is increasing the consumption of wood pellets in the industrial sector. Continued innovations in combustion technology are to be accredited for the impressive growth of the wood pellets market.
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Talk to AnalystWood Pellets Market Europe to Capture Major Chunk of Revenue Share
Wood pellets have witnessed widespread adoption in power boilers and residential heating segments across Europe. The regional Wood Pellets Market is fuelled by enhanced product penetration in countries such as France, Austria, Italy and Germany. Moreover, European Union’s stringent regulations against carbon emissions are pushing the sales of wood pellets.
On the other hand, Asia Pacific will register noteworthy growth during the projection period. The profuse regional growth is underpinned by the emerging renewable energy sector in countries such as China, South Korea, India and Japan. Moreover, the rapid construction of power plants is contributing to the growth of wood pellets market in Asia Pacific.
Prominent Manufactures Expedite Capacity Expansion to Maintain Hegemony
The competitive landscape of global wood pellets market is highly fragmented in nature. Detailed profiles of leading players are included in this report covering their recent developments, key offerings, short-term and long-term strategies. Some of the leading manufacturers of wood pellets include, Enviva Partners LP, Pinnacle Renewable Energy Inc., Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Georgia Biomass, LLC.
Key players are accelerating their capacity expansion efforts in a bid to sustain global leadership. In order to revamp their repository, they are entering strategic agreements with raw material suppliers such as Swedish softwood lumber suppliers. This move is projected to boost the production capacity of leading manufacturers. In view of respiratory problems caused by wood dust, some players are innovating novel manufacturing processes by escalating R&D activities.
Product and cost differentiation remain the key strategic focus of leading players in global wood pellets market. Key manufacturers must realign their strategies as per shifting consumer preferences to ensure enhanced product penetration, geographical expansion and increased Wood Pellets Market share.
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Wood Pellets Market: Segmentation
The global wood pellets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
By Feedstock
- Forest and Wood Waste Resources
- Agricultural Residue and Waste
- Food Waste
- Virgin Lumber
- Energy Crops
By End-use Industry
- Residential/Commercial Heating
- CHP/District Heating
- Co-firing
By Region
- North America
- Latin America
- Europe
- MEA
- Asia Pacific
Frequently Asked Questions
The wood pellets market is expected to grow at a CAGR of 11% during the forecast period.
The wood pellets market is expected to be valued around US$ 31.15 million in 2032.
The valuation of wood pellets market as on 2022 is US$ 10.97 million.
Europe has emerged as the leading wood pellets market.
Table of Content
1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
2. Executive Summary
2.1. Market snapshot
3. Wood Pellets Market Dynamics
3.1. Market Segmentation
3.2. Wood pellets - Value chain analysis
3.3. Raw material trend
3.3.1. Factors influencing quality of wood pellets
3.3.2. Moisture Content
3.3.3. Particle Density
3.3.4. Mechanical Durability
3.3.5. Bulk Density and Pellet Size
3.3.6. Heating Value
3.4. Technology overview
3.4.1. Chippers & Hammer Mills
3.4.2. Dryers
3.4.3. The Pellet Mill
3.4.4. Cooling and Storage
3.4.5. Bagging or Bulk
3.5. Regulatory framework
3.6. Wood pellets manufacturing – Risk analysis
3.6.1. Wood Pellets Manufacturing Economics
3.7. Wood pellets – Market dynamics
3.7.1. Market Driver Analysis
3.7.2. Need for cleaner and renewable sources of power generation
3.7.3. Government policies and global agreements in support of renewable energy sources
3.7.4. Market restraint Analysis
3.7.5. Global climate change leading to warm winters
3.7.6. Harmful effects of wood pellet manufacturing to human health
3.8. Wood pellets - Porter’s analysis
3.9. Wood pellets - PESTEL analysis
4. Wood Pellets: Trend Analysis & Application Assessment
4.1. Wood pellets market: Application movement analysis, 2021-2031
4.2. Power plants
4.2.1. Market estimates and forecasts in power plants, 2015 – 2031 (KT & US$ Mn)
4.3. Residential heating
4.3.1. Market estimates and forecasts in residential heating, 2015-2031(KT & US$ Mn)
4.4. Commercial heating
4.4.1. Market estimates and forecasts in commercial heating, 2015-2031 (KT & US$ Mn)
4.5. Combined Heat and Power (CHP)
4.5.1. Market estimates and forecasts in CHP, 2015-2031(KT & US$ Mn)
5. Wood Pellets: Regional Estimates & Trend Analysis
5.1. Wood pellets market: Regional movement analysis, 2021-2031
5.2. North America
5.2.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.2.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.2.3. U.S.
5.2.3.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.2.3.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.2.4. Canada
5.2.4.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.2.4.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.2.5. Mexico
5.2.5.1. Market estimates and forecasts, 2015-2031 (tons) (US$ Th)
5.2.5.2. Market estimates and forecasts, by application, 2015-2031 (tons) (US$ Th)
5.3. Europe
5.3.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.3.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.3.3. Germany
5.3.3.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.3.3.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.3.4. U.K.
5.3.4.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.3.4.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.4. Asia Pacific
5.4.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.4.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.4.3. China
5.4.3.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.4.3.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.4.4. India
5.4.4.1. Market estimates and forecasts, 2015-2031 (tons) (US$ Th)
5.4.4.2. Market estimates and forecasts, by application, 2015-2031 (tons) (US$ Th)
5.4.5. Japan
5.4.5.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.4.5.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.5. Central & South America
5.5.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.5.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.5.3. Brazil
5.5.3.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.5.3.2. Market estimates and forecasts, by application, 2015-2031 (tons) (US$ Th)
5.6. Middle East & Africa
5.6.1. Market estimates and forecasts, 2015-2031 (KT & US$ Mn)
5.6.2. Market estimates and forecasts, by application, 2015-2031 (KT & US$ Mn)
5.6.3. Egypt
5.6.3.1. Market estimates and forecasts, 2015-2031 (tons) (US$ Th)
5.6.3.2. Market estimates and forecasts, by application, 2015-2031 (tons) (US$ Th)
6. Competitive Landscape
6.1. Vendor Landscape
6.2. Competitive Environment
6.3. Competitive Market Positioning
6.4. Market Participation Categorization
7. Company Profiles
7.1. Drax Group Plc
7.2. INGPELLET Pte. Ltd.
7.3. Enviva LP
7.4. Georgia Biomass, LLC
7.5. THE WESTERVELT COMPANY, INC.
7.6. Pinnacle Renewable Energy Inc.
7.7. Energex
7.8. Wood Pellet Energy (UK) Ltd.
7.9. United Company
7.10. Groupe Savoie Inc.
7.11. Vermont Wood Pellet Co.
7.12. Pacific BioEnergy
7.13. Premium Pellet Ltd.
7.14. I.C.S. (Lacroix) Lumber Inc.
7.15. LAUZON RECYCLED WOOD ENERGY
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List of Tables
Table 1: Wood pellets market estimates and forecasts in power plants, 2015-2031(KT & US$ Mn)
Table 2: Wood pellets market estimates and forecasts in residential heating, 2015-2031(KT & US$ Mn)
Table 3: Wood pellets market estimates and forecasts in commercial heating, 2015-2031(KT & US$ Mn)
Table 4: Wood pellets market estimates and forecasts in CHP, 2015-2031(KT & US$ Mn)
Table 5: North America wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 6: North America wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 7: North America wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 8: North America wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 9: North America wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 10: U.S. wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 11: U.S. wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 12: U.S. wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 13: U.S. wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 14: U.S. wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 15: Canada wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 16: Canada wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 17: Canada wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 18: Canada wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 19: Canada wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 20: Mexico wood pellets market estimates and forecasts, 2015-2031(Tons) (US$ Th)
Table 21: Mexico wood pellets market estimates and forecasts, by application, 2015-2031(Tons)
Table 22: Mexico wood pellets market estimates and forecasts, by application, 2015-2031(Tons)
Table 23: Mexico wood pellets market estimates and forecasts, by application, 2015-2031(US$ Th)
Table 24: Mexico wood pellets market estimates and forecasts, by application, 2015-2031(US$ Th)
Table 25: Europe wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 26: Europe wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 27: Europe wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 28: Europe wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 29: Europe wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 30: Germany wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 31: Germany wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 32: Germany wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 33: Germany wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 34: Germany wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 35: U.K. wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 36: U.K. wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 37: U.K. wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 38: U.K. wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 39: U.K. wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 40: Asia Pacific wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 41: Asia Pacific wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 42: Asia Pacific wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 43: Asia Pacific wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 44: Asia Pacific wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 45: China wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 46: China wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 47: China wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 48: China wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 49: China wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 50: India wood pellets market estimates and forecasts, 2015-2031(Tons) (US$ Th)
Table 51: India wood pellets market estimates and forecasts, by application, 2015-2031(Tons)
Table 52: India wood pellets market estimates and forecasts, by application, 2015-2031(Tons)
Table 53: India wood pellets market estimates and forecasts, by application, 2015-2031(US$ Th)
Table 54: India wood pellets market estimates and forecasts, by application, 2015-2031(US$ Th)
Table 55: Japan wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 56: Japan wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 57: Japan wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 58: Japan wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 59: Japan wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 60: Central & South America wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 61: Central & South America wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 62: Central & South America wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 63: Central & South America wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 64: Central & South America wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 65: Brazil wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 66: Brazil wood pellets market estimates and forecasts, by application, 2014–2017 (Tons)
Table 67: Brazil wood pellets market estimates and forecasts, by application, 2018–2025 (Tons)
Table 68: Brazil wood pellets market estimates and forecasts, by application, 2015-2031(US$ Th)
Table 69: Brazil wood pellets market estimates and forecasts, by application, 2015-2031(US$ Th)
Table 70: Middle East & Africa wood pellets market estimates and forecasts, 2015-2031(KT & US$ Mn)
Table 71: Middle East & Africa wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 72: Middle East & Africa wood pellets market estimates and forecasts, by application, 2015-2031(KT)
Table 73: Middle East & Africa wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 74: Middle East & Africa wood pellets market estimates and forecasts, by application, 2015-2031(US$ Mn)
Table 75: Egypt wood pellets market estimates and forecasts, 2015-2031(Tons) (US$ Th)
Table 76: Egypt wood pellets market estimates and forecasts, by application, 2015-2031(Tons)
Table 77: Egypt wood pellets market estimates and forecasts, by application, 2015-2031(Tons)
Table 78: Egypt wood pellets market estimates and forecasts, by application, 2015-2031(US$ Th)
Table 79: Egypt wood pellets market estimates and forecasts, by application, 2015-2031(US$ Th)
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Talk to AnalystList of Charts
Fig. 1: Market snapshot
Fig. 2: Market trends & outlook
Fig. 3: Market Segmentation
Fig. 4: Wood pellets - Value chain analysis
Fig. 5: Wood pellets - Manufacturing process
Fig. 6: Wood pellets - Market dynamics
Fig. 7: Market driver analysis
Fig. 8: Consumption of renewable energy, by source, 2015-2031 (Trillion BTU)
Fig. 9: Market restraint analysis
Fig. 10: Temperature anomaly, 2015-2031 (ºC)
Fig. 11: Carbon dioxide emission, 2015-2031 (Parts per million)
Fig. 12: Wood pellets - Porter’s analysis
Fig. 13: Wood pellets - PESTEL analysis
Fig. 14: Wood pellets market: Application movement analysis, 2021-2031
Fig. 15: Regional market place: Key takeaways
Fig. 16: Wood pellets market: Regional movement analysis, 2021-2031
Fig. 17: Market Participation Categorization
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