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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338977
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338977
Wood Pellet Market Share, Size, Trends, Industry Analysis Report, By Application (Heat, CHP, and Power); By End-User; By Region; Segment Forecast, 2023- 2032
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PAGES: 112 Pages
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The global wood pellet market size is expected to reach USD 14.5 billion by 2032, according to a new study by Polaris Market Research. The report "Wood Pellet Market Share, Size, Trends, Industry Analysis Report, By Application (Heat, CHP, and Power); By End-Use; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing prevalence towards the utilization of wood pellets for wide range of residential and commercial applications including food, cooking, grilling, and supplying heat to the homes, as it is an economical option and its cost remained cheaper of longer period of time, which are among the prominent factors boosting the global market growth. Additionally, there has been significant increase in innovations in wood pellet boilers and surging availability of self-cleansing systems which requires the minimal user input, are also likely to create huge growth opportunities for the market in the near future. For instance, in January 2023, Grant, introduced "Spira Pell" wood pellet boiler, offering low carbon heat source for the home-owners. The product is designed using high grade steel & stainless steel with the exact simplicity of operation for any boiler and is available in out-puts range from 5 to 33 kW.
The emergence of torrefaction across the globe, which is a thermal treatment process that turns biomass into more energy-dense and stable material and as it consists higher energy content than traditional wood pellets, making them more efficient for transportation and storage. However, the technology is still in the early stages of development but shows promise for creating a new generation of high-energy wood pellets in the coming years.
Some of the large wood pellet manufacturers worldwide are exploring the use of alternative feedstocks such as agricultural waste, forest residues, and other forms of biomass, to produce wood pellets, which could help to reduce the environmental impact of wood pellet production by utilizing materials that would otherwise go to waste. Moreover, the advances in automation and digitalization that are making wood pellet production more efficient and cost-effective for manufacturers is constantly becoming popular. For example, some wood pellet mills have stated using automated systems to monitor and control the production process, while reducing the need for manual labor and increasing production capacity.
Wood Pellet Market Report Highlights
Heat segment is projected to grow at a highest CAGR during the forecast period, on account of rising adoption of biomass boilers as an effective heating solution and prevalence as a cost-effective alternative
Residential and commercial segment accounted for major global market share in 2022, which is mainly driven by its easy affordability and several benefits including cleansing and sustainability
Europe region dominated the global market with sustainable market share in 2022, mainly due to increasing awareness among people regarding the benefits of utilizing wood pellets and subsidies offered by governments
The global key market players include: Pinnacle Renewable Energy, Brookridge Group, Graanul Invest, United Company, Highland Pellets, Drax Group, and German Pellets
Polaris Market Research has segmented the wood pellet market report based on application, end-use, and region:
Wood Pellet, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Heat
- CHP
- Power
Wood Pellet, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Industrial
- Residential and Commercial
Wood Pellet, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3421
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Wood Pellet Market Insights
- 4.1. Wood Pellet Market - Industry Snapshot
- 4.2. Wood Pellet Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for automated and lean warehouses
- 4.2.1.2. Increasing prevalence of modular solutions to optimize the customer productivity
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Wood Pellet Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Wood Pellet Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Wood Pellet, by Application, 2019-2032 (USD Billion)
- 5.3. Heat
- 5.3.1. Global Wood Pellet Market, by Heat, by Region, 2019-2032 (USD Billion)
- 5.4. CHP
- 5.4.1. Global Wood Pellet Market, by CHP, by Region, 2019-2032 (USD Billion)
- 5.5. Power
- 5.5.1. Global Wood Pellet Market, by Power, by Region, 2019-2032 (USD Billion)
6. Global Wood Pellet Market, by End-User
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 6.3. Industrial
- 6.3.1. Global Wood Pellet Market, by Industrial, by Region, 2019-2032 (USD Billion)
- 6.4. Residential and Commercial
- 6.4.1. Global Wood Pellet Market, by Residential and Commercial, by Region, 2019-2032 (USD Billion)
7. Global Wood Pellet Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Wood Pellet Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Wood Pellet Market - North America
- 7.3.1. North America: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.3.2. North America: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.3.3. Wood Pellet Market - U.S.
- 7.3.3.1. U.S.: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.3.4. Wood Pellet Market - Canada
- 7.3.4.1. Canada: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.4. Wood Pellet Market - Europe
- 7.4.1. Europe: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.4.2. Europe: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.4.3. Wood Pellet Market - UK
- 7.4.3.1. UK: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.4.4. Wood Pellet Market - France
- 7.4.4.1. France: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.4.4.2. France: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.4.5. Wood Pellet Market - Germany
- 7.4.5.1. Germany: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.4.6. Wood Pellet Market - Italy
- 7.4.6.1. Italy: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.4.7. Wood Pellet Market - Spain
- 7.4.7.1. Spain: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.4.8. Wood Pellet Market - Netherlands
- 7.4.8.1. Netherlands: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.4.9. Wood Pellet Market - Russia
- 7.4.9.1. Russia: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.5. Wood Pellet Market - Asia Pacific
- 7.5.1. Asia Pacific: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.5.3. Wood Pellet Market - China
- 7.5.3.1. China: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.5.3.2. China: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.5.4. Wood Pellet Market - India
- 7.5.4.1. India: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.5.4.2. India: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.5.5. Wood Pellet Market - Malaysia
- 7.5.5.1. Malaysia: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.5.6. Wood Pellet Market - Japan
- 7.5.6.1. Japan: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.5.7. Wood Pellet Market - Indonesia
- 7.5.7.1. Indonesia: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.5.8. Wood Pellet Market - South Korea
- 7.5.8.1. South Korea: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.6. Wood Pellet Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.6.3. Wood Pellet Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.6.4. Wood Pellet Market - UAE
- 7.6.4.1. UAE: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.6.5. Wood Pellet Market - Israel
- 7.6.5.1. Israel: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.6.6. Wood Pellet Market - South Africa
- 7.6.6.1. South Africa: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.7. Wood Pellet Market - Latin America
- 7.7.1. Latin America: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.7.3. Wood Pellet Market - Mexico
- 7.7.3.1. Mexico: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.7.4. Wood Pellet Market - Brazil
- 7.7.4.1. Brazil: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- 7.7.5. Wood Pellet Market - Argentina
- 7.7.5.1. Argentina: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. German Pellets
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Pinnacle Renewable Energy
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Enviva LP
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Wood & Sons
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. , Drax Group
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Stora Enso
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Svenska Cellulosa
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Brookridge Group
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Wood Pellet Energy
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Vermont Wood Pellet
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Hyundai Vehicle
- 9.11.1. Company OverviewFarm Fuels
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Sinclar Group Forest Products
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Graanul Invest
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Energex
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Lauzon
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. United Company
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
- 9.17. Highland Pellets
- 9.17.1. Company Overview
- 9.17.2. Financial Performance
- 9.17.3. Product Benchmarking
- 9.17.4. Recent Development
- 9.18. Groupe Savoie
- 9.18.1. Company Overview
- 9.18.2. Financial Performance
- 9.18.3. Product Benchmarking
- 9.18.4. Recent Development
- 9.19. I.C.S. Lumber
- 9.19.1. Company Overview
- 9.19.2. Financial Performance
- 9.19.3. Product Benchmarking
- 9.19.4. Recent Development
Product Code: PM3421
List of Tables
- Table 1 Global Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 2 Global Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 3 Wood Pellet Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 5 North America: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 6 U.S.: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 7 U.S.: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 8 Canada: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 9 Canada: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 10 Europe: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 11 Europe: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 12 UK: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 13 UK: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 14 France: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 15 France: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 16 Germany: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 17 Germany: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 18 Italy: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 19 Italy: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 20 Spain: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 21 Spain: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 22 Netherlands: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 23 Netherlands: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 24 Russia: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 25 Russia: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 28 China: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 29 China: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 30 India: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 31 India: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 32 Malaysia: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 33 Malaysia: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 34 Japan: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 35 Japan: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 36 Indonesia: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 37 Indonesia: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 38 South Korea: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 39 South Korea: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 44 UAE: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 45 UAE: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 46 Israel: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 47 Israel: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 48 South Africa: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 49 South Africa: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 50 Latin America: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 51 Latin America: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 52 Mexico: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 53 Mexico: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 54 Brazil: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 55 Brazil: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
- Table 56 Argentina: Wood Pellet Market, by End-User, 2019-2032 (USD Billion)
- Table 57 Argentina: Wood Pellet Market, by Application, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Wood Pellet Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by End-User
- Figure 7 Global Wood Pellet Market, by End-User, 2022 & 2032 (USD Billion)
- Figure 8 Market by Application
- Figure 9 Global Wood Pellet Market, by Application, 2022 & 2032 (USD Billion)
- Figure 10 Wood Pellet Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Wood Pellet Market
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