Market Research Report

Product code

975831

Wood Pellets - Global Market Outlook (2019-2027)

Published: November 1, 2020 |

Stratistics Market Research Consulting | 150+ Pages | Delivery time: 2-3 business days

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Table of Contents
List of Tables

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According to Stratistics MRC, the Global Wood Pellets Market is accounted for $8.88 billion in 2019 and is expected to reach $21.21 billion by 2027 growing at a CAGR of 11.5% during the forecast period. Some of the key factors propelling the market growth include growing consciousness regarding the use of renewable energy sources for space heating in residential and commercial heating, rising financial incentives by several federal agencies, numerous favourable government policies, and the low cost of raw materials for making wood pellets. However, the high cost of a wood pellet stove is likely to hamper the market.

Wood pellet is a solid fuel which is manufactured by densifying and crushing waste wood including industrial by products such as old paper, forestry wastes, and forestry residues. It is a renewable, clean-burning and cost-effective option for home heating. Apart from heating and power generation, these pellets are also used for the horse bedding purpose.

By end user, the thermal energy (heat generation) segment witnessed a steady growth in the past decade owing to the rising cost of alternative heating fuels. Wood pellets combined with the right type of heating devices such as pellet boilers and pellet stove inserts can transform more than 90% of the energy contained in the fuel into usable heat. Further, usage of wood pellets for heating purposes also has very less effect on the environment since wood absorbs the same amount of carbon dioxide as emitted during the combustion process.

On the basis of geography, the demand for wood pellets in Asia Pacific is expected to witness a significant growth during the forecast period, due to the favorable government policies in Japan, China, and South Korea regarding power generation and CHP. Demand for renewable energy in the region is on the rise as the governments are seeking alternatives to fossil fuels in order to reduce carbon footprint and to ensure long term energy security. China is expected to be one of the key markets for wood pellets in the coming years. Rapidly growing population, insatiable demand for energy, rising pollution levels are some of the key factors that are expected to augment demand for wood pellets in China in the coming years.

Some of the key players in Wood Pellets Market include: Vermont Wood Pellet Co., Pinnacle Renewable Energy Group, The Westervelt Company, Allance Pellet Machinery, INGPELLET Pte. Ltd., Enviva Holdings, LP, Enito Singpellet Pte Ltd, Groupe Savoie Inc., Wood Pellet Energy (UK) LTD, Energex Ltd., Rentech, Inc., Drax Group plc, Andritz AG., Premium Pellet Ltd., I.C.S. (Lacroix) Lumber Inc., Georgia Biomass, LLC, German Pellets GmbH, and F.E. Wood & Sons.

Feedstock Types Covered:

Agricultural Residue and Waste
Forest & Wood Waste Resources
Other Feedstock Types

Types Covered:

Wood Chips
Wood Logs
Sawdust
Wood Shavings

Applications Covered:

Pellet Boilers
Pellet Stove Inserts
Free-standing Pellet Stoves

Grades Covered:

Standard
Premium
Utility

End Users Covered:

Power Plants
Combined Heat and Power (CHP)/District Heating
Co-firing
Industrial Furnace
Power Generation
Animal Bedding
Thermal Energy (Heat Generation)
Furniture
Civil Use
Feedstock (Biofuels)
Other End Users

Products Covered:

Black Pellet
White Pellet

Sales Channels Covered:

Aftermarket
Manufacturer/Distributor/Service Provider

Regions Covered:

North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Chile
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa

What our report offers:

Market share assessments for the regional and country-level segments

Strategic recommendations for the new entrants

Covers Market data for the years 2018, 2019, 2020, 2024 and 2027

Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.

Strategic recommendations in key business segments based on the market estimations

Competitive landscaping mapping the key common trends

Company profiling with detailed strategies, financials, and recent developments

Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Product Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Wood Pellets Market, By Feedstock Type

5.1 Introduction
5.2 Agricultural Residue and Waste
5.3 Forest & Wood Waste Resources
5.4 Other Feedstock Types
- 5.4.1 Food Waste
- 5.4.2 Virgin Lumber
- 5.4.3 Energy Crops

6 Global Wood Pellets Market, By Type

6.1 Introduction
Wood Chips
Wood Logs
Sawdust
Wood Shavings

7 Global Wood Pellets Market, By Application

7.1 Introduction
7.2 Pellet Boilers
7.3 Pellet Stove Inserts
7.4 Free-standing Pellet Stoves

8 Global Wood Pellets Market, By Grade

8.1 Introduction
8.2 Standard
8.3 Premium
8.4 Utility

9 Global Wood Pellets Market, By End User

9.1 Introduction
9.2 Power Plants
9.3 Combined Heat and Power (CHP)/District Heating
9.4 Co-firing
9.5 Industrial Furnace
9.6 Power Generation
9.7 Animal Bedding
9.8 Thermal Energy (Heat Generation)
- 9.8.1 Residential Heating
- 9.8.2 Commercial Heating
9.9 Furniture
9.10 Civil Use
9.11 Feedstock (Biofuels)
9.12 Direct
9.13 Other End Users
- 9.13.1 Absorbent
- 9.13.2 Horse Bedding

10 Global Wood Pellets Market, By Product

10.1 Introduction
10.2 Black Pellet
10.3 White Pellet

11 Global Wood Pellets Market, By Sales Channel

11.1 Introduction
11.2 Aftermarket
11.3 Manufacturer/Distributor/Service Provider

12 Global Wood Pellets Market, By Geography

12.1 Introduction
12.2 North America
- 12.2.1 US
- 12.2.2 Canada
- 12.2.3 Mexico
12.3 Europe
- 12.3.1 Germany
- 12.3.2 UK
- 12.3.3 Italy
- 12.3.4 France
- 12.3.5 Spain
- 12.3.6 Rest of Europe
12.4 Asia Pacific
- 12.4.1 Japan
- 12.4.2 China
- 12.4.3 India
- 12.4.4 Australia
- 12.4.5 New Zealand
- 12.4.6 South Korea
- 12.4.7 Rest of Asia Pacific
12.5 South America
- 12.5.1 Argentina
- 12.5.2 Brazil
- 12.5.3 Chile
- 12.5.4 Rest of South America
12.6 Middle East & Africa
- 12.6.1 Saudi Arabia
- 12.6.2 UAE
- 12.6.3 Qatar
- 12.6.4 South Africa
- 12.6.5 Rest of Middle East & Africa

13 Key Developments

13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies

14 Company Profiling

14.1 Vermont Wood Pellet Co.
14.2 Pinnacle Renewable Energy Group
14.3 The Westervelt Company
14.4 Allance Pellet Machinery
14.5 INGPELLET Pte. Ltd.
14.6 Enviva Holdings, LP
14.7 Enito Singpellet Pte Ltd
14.8 Groupe Savoie Inc.
14.9 Wood Pellet Energy (UK) LTD
14.10 Energex Ltd.
14.11 Rentech, Inc.
14.12 Drax Group plc
14.13 Andritz AG .
14.14 Premium Pellet Ltd.
14.15 I.C.S. (Lacroix) Lumber Inc.
14.16 Georgia Biomass, LLC
14.17 German Pellets GmbH
14.18 F.E. Wood & Sons

List of Tables

Table 1 Global Wood Pellets Market Outlook, By Region (2018-2027) ($MN)
Table 2 Global Wood Pellets Market Outlook, By Feedstock Type (2018-2027) ($MN)
Table 3 Global Wood Pellets Market Outlook, By Agricultural Residue and Waste (2018-2027) ($MN)
Table 4 Global Wood Pellets Market Outlook, By Forest & Wood Waste Resources (2018-2027) ($MN)
Table 5 Global Wood Pellets Market Outlook, By Other Feedstock Types (2018-2027) ($MN)
Table 6 Global Wood Pellets Market Outlook, By Food Waste (2018-2027) ($MN)
Table 7 Global Wood Pellets Market Outlook, By Virgin Lumber (2018-2027) ($MN)
Table 8 Global Wood Pellets Market Outlook, By Energy Crops (2018-2027) ($MN)
Table 9 Global Wood Pellets Market Outlook, By Type (2018-2027) ($MN)
Table 10 Global Wood Pellets Market Outlook, By Wood Chips (2018-2027) ($MN)
Table 11 Global Wood Pellets Market Outlook, By Wood Logs (2018-2027) ($MN)
Table 12 Global Wood Pellets Market Outlook, By Sawdust (2018-2027) ($MN)
Table 13 Global Wood Pellets Market Outlook, By Wood Shavings (2018-2027) ($MN)
Table 14 Global Wood Pellets Market Outlook, By Application (2018-2027) ($MN)
Table 15 Global Wood Pellets Market Outlook, By Pellet Boilers (2018-2027) ($MN)
Table 16 Global Wood Pellets Market Outlook, By Pellet Stove Inserts (2018-2027) ($MN)
Table 17 Global Wood Pellets Market Outlook, By Free-standing Pellet Stoves (2018-2027) ($MN)
Table 18 Global Wood Pellets Market Outlook, By Grade (2018-2027) ($MN)
Table 19 Global Wood Pellets Market Outlook, By Standard (2018-2027) ($MN)
Table 20 Global Wood Pellets Market Outlook, By Premium (2018-2027) ($MN)
Table 21 Global Wood Pellets Market Outlook, By Utility (2018-2027) ($MN)
Table 22 Global Wood Pellets Market Outlook, By End User (2018-2027) ($MN)
Table 23 Global Wood Pellets Market Outlook, By Power Plants (2018-2027) ($MN)
Table 24 Global Wood Pellets Market Outlook, By Combined Heat and Power (CHP)/District Heating (2018-2027) ($MN)
Table 25 Global Wood Pellets Market Outlook, By Co-firing (2018-2027) ($MN)
Table 26 Global Wood Pellets Market Outlook, By Industrial Furnace (2018-2027) ($MN)
Table 27 Global Wood Pellets Market Outlook, By Power Generation (2018-2027) ($MN)
Table 28 Global Wood Pellets Market Outlook, By Animal Bedding (2018-2027) ($MN)
Table 29 Global Wood Pellets Market Outlook, By Thermal Energy (Heat Generation) (2018-2027) ($MN)
Table 30 Global Wood Pellets Market Outlook, By Residential Heating (2018-2027) ($MN)
Table 31 Global Wood Pellets Market Outlook, By Commercial Heating (2018-2027) ($MN)
Table 32 Global Wood Pellets Market Outlook, By Furniture (2018-2027) ($MN)
Table 33 Global Wood Pellets Market Outlook, By Civil Use (2018-2027) ($MN)
Table 34 Global Wood Pellets Market Outlook, By Feedstock (Biofuels) (2018-2027) ($MN)
Table 35 Global Wood Pellets Market Outlook, By Direct (2018-2027) ($MN)
Table 36 Global Wood Pellets Market Outlook, By Other End Users (2018-2027) ($MN)
Table 37 Global Wood Pellets Market Outlook, By Absorbent (2018-2027) ($MN)
Table 38 Global Wood Pellets Market Outlook, By Horse Bedding (2018-2027) ($MN)
Table 39 Global Wood Pellets Market Outlook, By Product (2018-2027) ($MN)
Table 40 Global Wood Pellets Market Outlook, By Black Pellet (2018-2027) ($MN)
Table 41 Global Wood Pellets Market Outlook, By White Pellet (2018-2027) ($MN)
Table 42 Global Wood Pellets Market Outlook, By Sales Channel (2018-2027) ($MN)
Table 43 Global Wood Pellets Market Outlook, By Aftermarket (2018-2027) ($MN)
Table 44 Global Wood Pellets Market Outlook, By Manufacturer/Distributor/Service Provider (2018-2027) ($MN)