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Wood Pellet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global wood pellet market reached a value of US$ 11.42 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.33 Billion by 2027, exhibiting a CAGR of 6.85% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Wood pellets are compressed wood particles primarily obtained from wood residues and agricultural by-products like straw. They are dense, low in moisture and ash content, and have high energy content as compared to unprocessed biomass. Apart from this, as they are highly cost-effective and require less maintenance, wood pallets find extensive applications in the residential and commercial sectors for cooking, grilling and supplying heat. They are also utilized in large-scale biomass supply chains as they help reduce costs throughout the supply chain in storing, handling, and transporting.

 

 
 

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Wood Pellet Industry Trends and Drivers:

The growing utilization of wood pellets in power generation represents one of the key factors driving the market. Moreover, the increasing awareness among individuals about the benefits of using renewable sources of energy and the high combustion of wood pellets is propelling the growth of the market. In addition, there is a considerable rise in concerns about global warming and climate changes worldwide due to the increasing heat-trapping greenhouse gas levels in the atmosphere. This, along with inflating oil prices and the increasing use of wood pellets for heating federal and municipal buildings, office buildings, and educational facilities, is offering lucrative growth opportunities to end-users. Besides this, governments of several countries are offering incentives and subsidies to encourage the adoption of renewable sources of energy for power generation, which, in turn, is positively influencing the sales of wood pallets across the globe. Furthermore, key market players are focusing on mergers and collaborations to expand their customer base. These players are also working on sourcing waste wood materials and sawdust to boost production volumes, which is projected to increase their overall sales and profitability.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wood pellet market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on feedstock type and application.

Breakup by Feedstock Type:

  • Forest Wood and Waste
  • Agriculture Residue
  • Others
     

Breakup by Application:

 

 
 

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

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Andritz AG, Asia Biomass Public Company Limited, Drax Group PLC, Energex, Enviva LP, Fram Renewable Fuels LLC, Land Energy Limited, Lignetics Inc., Mallard Creek Inc., Pacific BioEnergy Corporation, Stora Enso Oyj, Svenska Cellulosa Aktiebolaget and Tanac S.A.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Feedstock Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Andritz AG, Asia Biomass Public Company Limited, Drax Group PLC, Energex, Enviva LP, Fram Renewable Fuels LLC, Land Energy Limited, Lignetics Inc., Mallard Creek Inc., Pacific BioEnergy Corporation, Stora Enso Oyj, Svenska Cellulosa Aktiebolaget and Tanac S.A.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global wood pellet market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global wood pellet market?
  • What are the key regional markets?
  • What is the breakup of the market based on the feedstock type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global wood pellet market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Wood Pellet Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Feedstock Type
    6.1    Forest Wood and Waste
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Agriculture Residue
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Power Plants
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Residential Heating
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Commercial Heating
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Combined Heat and Power (CHP)
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Andritz AG
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Asia Biomass Public Company Limited
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
        13.3.3    Drax Group PLC
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    Energex
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Enviva LP
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Fram Renewable Fuels LLC
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Land Energy Limited
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Lignetics Inc.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    Mallard Creek Inc.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
        13.3.10    Pacific BioEnergy Corporation
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
        13.3.11    Stora Enso Oyj
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
           13.3.11.3 Financials
           13.3.11.4 SWOT Analysis
        13.3.12    Svenska Cellulosa Aktiebolaget
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio
        13.3.13    Tanac S.A.
           13.3.13.1 Company Overview
           13.3.13.2 Product Portfolio

List of Figures

Figure 1: Global: Wood Pellet Market: Major Drivers and Challenges
Figure 2: Global: Wood Pellet Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Wood Pellet Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Wood Pellet Market: Breakup by Feedstock Type (in %), 2021
Figure 5: Global: Wood Pellet Market: Breakup by Application (in %), 2021
Figure 6: Global: Wood Pellet Market: Breakup by Region (in %), 2021
Figure 7: Global: Wood Pellet (Forest Wood and Waste) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Wood Pellet (Forest Wood and Waste) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Wood Pellet (Agriculture Residue) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Wood Pellet (Agriculture Residue) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Wood Pellet (Other Feedstock Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Wood Pellet (Other Feedstock Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Wood Pellet (Power Plants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Wood Pellet (Power Plants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Wood Pellet (Residential Heating) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Wood Pellet (Residential Heating) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Wood Pellet (Commercial Heating) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Wood Pellet (Commercial Heating) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Wood Pellet (Combined Heat and Power-CHP) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Wood Pellet (Combined Heat and Power-CHP) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Wood Pellet (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Wood Pellet (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: North America: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: North America: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Canada: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Canada: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia-Pacific: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia-Pacific: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Japan: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Japan: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South Korea: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South Korea: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Australia: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Australia: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Indonesia: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Indonesia: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Others: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Others: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Germany: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Germany: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: France: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: France: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United Kingdom: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United Kingdom: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Italy: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Italy: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Spain: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Spain: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Russia: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Russia: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Latin America: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Latin America: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Brazil: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Brazil: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Mexico: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Mexico: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Middle East and Africa: Wood Pellet Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Middle East and Africa: Wood Pellet Market: Breakup by Country (in %), 2021
Figure 71: Middle East and Africa: Wood Pellet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Global: Wood Pellet Industry: SWOT Analysis
Figure 73: Global: Wood Pellet Industry: Value Chain Analysis
Figure 74: Global: Wood Pellet Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Wood Pellet Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Wood Pellet Market Forecast: Breakup by Feedstock Type (in Million US$), 2022-2027
Table 3: Global: Wood Pellet Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Wood Pellet Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Wood Pellet Market: Competitive Structure
Table 6: Global: Wood Pellet Market: Key Players


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