Global Wood Pellets Market Size study & Forecast, by Application (Power Plants, Residential Heating, Commercial Heating, Combined Heat and Power (CHP) Heating) and Regional Analysis, 2022-2029

Description

List of Tables

Global Wood Pellets Market is valued approximately USD 2.1 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.4% over the forecast period 2022-2029. Wood pellet is a solid fuel that is manufactured by crushing and densifying waste timber like sawdust, forestry residues, industrial by-products such as old paper and forestry wastes. They are considered as a feasible alternative to fossil fuels like coal or natural gas. The Wood Pellets market is expanding because of factors such as growing demand for renewable energy sources and rising government initiatives.

Wood pallets are easier to manufacture and possess exceptional strength to bear load. They can be customized according to the desired application. Its prevalence has progressively increased during the last few years. According to the Statista, in 2019 U.S. survey has been conducted asking employers about the types of wood pallets they used, 58 %of the respondents stated they used stringer class recycled wooden pallets. Furthermore, during the 2021 survey, 94 % of the respondents stated they use pallets made of wood. Another important component driving space increase is rising government initiatives. In 2021, the global volume of production of wood fuel reached to 1.95 billion cubic meters, an increase from the previous year. It can be used for the purposes like cooking, heating, and power generation. In addition, as per Statista, in China revenue in Manufacture of Wood is projected to amount to USD 106.90 billion in 2023 at an annual growth rate of 1.98% in between 2023 to 2025.However, health issues associated with wood pellets stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Wood Pellets Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominates the space in terms of revenue and market share owing to increasing replacement of traditional burners for improving automatic feed-in and comfort along with increasing consumption of wood pellets in the region. For instance, according to Pellet Fuels Institute, there are nearly 1,000,000 homes in the U.S. using wood pellets for heat, in freestanding stoves, fireplace inserts, furnaces, and boilers. However, Asia Pacific is expected to grow at high rate over the forecast period owing to rapid growth of the renewable energy sector in China along with the rising number of power plants across the region.

Major market players included in this report are:

Drax Group PLC
INGPELLET Pte. Ltd.
Enviva LP
Georgia Biomass, LLC
Pinnacle Renewable Energy Inc.
Energex
Wood Pellet Energy (UK) Ltd.
Vermont Wood Pellet Co.
Premium Pellet Ltd.
Pacific Bioenergy

Recent Developments in the Market:

In July 2022, Drax Group is expanding its operations into Japan as part of its ambitions to increase sustainable biomass sales to support energy security and decarbonization in Asia. It aims to increase its wood pellet production capacity to 8 million tons a year by 2030 from 5 million tons a year currently, supporting global efforts to displace fossil fuels and decarbonize energy systems.

Global Wood Pellets Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Application, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

Power Plants
Residential Heating
Commercial Heating
Combined Heat and Power (CHP) Heating

By Region:

North America
- U.S.
- Canada

Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE

Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC

Latin America
- Brazil
- Mexico
- RoLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Wood Pellets Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Wood Pellets Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Wood Pellets Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Wood Pellets Market Dynamics

3.1. Wood Pellets Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising demand for renewable energy sources
  - 3.1.1.2. Rising government initiatives
- 3.1.2. Market Challenges
  - 3.1.2.1. Health issues associated with wood pellets.
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising awareness about reduction of the carbon emissions

Chapter 4. Global Wood Pellets Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Wood Pellets Market, by Application

6.1. Market Snapshot
6.2. Global Wood Pellets Market by Application, Performance - Potential Analysis
6.3. Global Wood Pellets Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
6.4. Wood Pellets Market, Sub Segment Analysis
- 6.4.1. Power Plants
- 6.4.2. Residential Heating
- 6.4.3. Commercial Heating
- 6.4.4. Combined Heat and Power (CHP) Heating

Chapter 7. Global Wood Pellets Market, Regional Analysis

7.1. Wood Pellets Market, Regional Market Snapshot
7.2. North America Wood Pellets Market
- 7.2.1. U.S. Wood Pellets Market
  - 7.2.1.1. Application breakdown estimates & forecasts, 2019-2029
- 7.2.2. Canada Wood Pellets Market
7.3. Europe Wood Pellets Market Snapshot
- 7.3.1. U.K. Wood Pellets Market
- 7.3.2. Germany Wood Pellets Market
- 7.3.3. France Wood Pellets Market
- 7.3.4. Spain Wood Pellets Market
- 7.3.5. Italy Wood Pellets Market
- 7.3.6. Rest of Europe Wood Pellets Market
7.4. Asia-Pacific Wood Pellets Market Snapshot
- 7.4.1. China Wood Pellets Market
- 7.4.2. India Wood Pellets Market
- 7.4.3. Japan Wood Pellets Market
- 7.4.4. Australia Wood Pellets Market
- 7.4.5. South Korea Wood Pellets Market
- 7.4.6. Rest of Asia Pacific Wood Pellets Market
7.5. Latin America Wood Pellets Market Snapshot
- 7.5.1. Brazil Wood Pellets Market
- 7.5.2. Mexico Wood Pellets Market
- 7.5.3. Rest of Latin America Wood Pellets Market
7.6. Rest of The World Wood Pellets Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Company Profiles
- 8.2.1. Drax Group PLC
  - 8.2.1.1. Key Information
  - 8.2.1.2. Overview
  - 8.2.1.3. Financial (Subject to Data Availability)
  - 8.2.1.4. Product Summary
  - 8.2.1.5. Recent Developments
- 8.2.2. INGPELLET Pte. Ltd.
- 8.2.3. Enviva LP
- 8.2.4. Georgia Biomass, LLC
- 8.2.5. Pinnacle Renewable Energy Inc.
- 8.2.6. Energex
- 8.2.7. Wood Pellet Energy (UK) Ltd.
- 8.2.8. Vermont Wood Pellet Co.
- 8.2.9. Premium Pellet Ltd.
- 8.2.10. Pacific BioEnergy

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Wood Pellets Market, report scope
TABLE 2. Global Wood Pellets Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Wood Pellets Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 4. Global Wood Pellets Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 5. Global Wood Pellets Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Wood Pellets Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Wood Pellets Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Wood Pellets Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Wood Pellets Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Wood Pellets Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Wood Pellets Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Wood Pellets Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Wood Pellets Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. U.S. Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 16. U.S. Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. Canada Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. Canada Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. UK Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. UK Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. Germany Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. Germany Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. France Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. France Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. Italy Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. Italy Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Spain Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. Spain Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. RoE Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. RoE Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. China Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. China Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. India Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. India Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. Japan Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. Japan Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. South Korea Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. South Korea Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. Australia Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. Australia Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. RoAPAC Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. RoAPAC Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. Brazil Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. Brazil Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Mexico Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. Mexico Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. RoLA Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. RoLA Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. Row Wood Pellets Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. Row Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Wood Pellets Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. List of secondary sources, used in the study of global Wood Pellets Market
TABLE 69. List of primary sources, used in the study of global Wood Pellets Market
TABLE 70. Years considered for the study
TABLE 71. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Wood Pellets Market, research methodology
FIG 2. Global Wood Pellets Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Wood Pellets Market, key trends 2021
FIG 5. Global Wood Pellets Market, growth prospects 2022-2029
FIG 6. Global Wood Pellets Market, porters 5 force model
FIG 7. Global Wood Pellets Market, pest analysis
FIG 8. Global Wood Pellets Market, value chain analysis
FIG 9. Global Wood Pellets Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Wood Pellets Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Wood Pellets Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Wood Pellets Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Wood Pellets Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Wood Pellets Market, regional snapshot 2019 & 2029
FIG 15. North America Wood Pellets Market 2019 & 2029 (USD Billion)
FIG 16. Europe Wood Pellets Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Wood Pellets Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Wood Pellets Market 2019 & 2029 (USD Billion)
FIG 19. Global Wood Pellets Market, company Market share analysis (2021)