Global Wood Pellet Market (2020 to 2025) - Featuring German Pellets, Energex and Enviva Among Others - ResearchAndMarkets.com

The "Global Wood Pellet Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.

The global wood pellet market was valued at US $10.491 billion in 2019 and is expected to grow at a CAGR of 14.47% over the forecast period to reach a total market size of US $23.604 billion in 2025.

Wood pellets are renewable energy carriers. These are produced from sawdust or other ground woody materials. According to international standards, product requirements for energy density, moisture, abrasion resistance, particle size, and shape for wood pellets are defined, turning wood pellets into a commodity.

As such, standardized wood pellets offer promising properties for large scale production. With rising production of wood pellets, there has been a significant rise in trade flows of wood pellets across the globe. There are different applications of wood pellets which are boosting their demand worldwide. For example, wood pellets are widely used as a convenient solid biofuel in automatic stoves and boilers in the domestic heating sector. Wood pellets reduce greenhouse gas (GHG) emission of the electricity generation when co-fired in coal-based power plants. Industrial wood pellets are used as a substitute for coal in power plants while premium pellets are used in pellet boilers and pellet stoves for heating.

Wood pellets have emerged as a viable and promising renewable energy source as a replacement of coal, especially in Europe and North America. The pellet market has been witnessing a tremendous growth worldwide from the past few years with increasing demand for both industrial application in large scale power plants and small scale application in residential heating systems.

The market for wood pellets is gaining a remarkable traction since they have low carbon footprints. As such, growing concerns regarding environmental sustainability across the globe is the major factor behind the growing demand for wood pellets which is driving the global market growth. Governments of different countries along with global organizations are continuously taking necessary steps and measures to reach their set target related to the reduction of carbon footprints or greenhouse gas (GHG) emissions. Limited availability of non-renewable resources and their adverse impact on the environment has made it necessary for the world economy to switch to alternative power sources without harming the environment. Governments across the globe have set their targets aimed to move towards different renewable energy sources.

The use of wood pellets as fuels has gained a widespread adoption for heating homes and power boilers, especially in the European region. The easy availability of raw materials such as timber and compacted sawdust coupled with the low production cost are some of the factors which are also contributing to the robust rise in demand for wood pellets, thereby driving the market growth.

The global wood pellet market players are actively engaged in R&D activities so as to increase the efficiency of the wood pellet manufacturing process and gain a competitive edge over their rivals. As such, new and advanced designs for pellet mills are being developed so as to obtain high yield with optimum fuel input. Furthermore, extensive research is being carried out to produce wood pellets with high-calorific value from the available feedstock. All these factors are anticipated to fuel the growth of global wood pellets market during the next five years.

Companies Mentioned

  • German Pellets GmbH
  • Pinnacle Renewable Energy Inc
  • Energex
  • Enviva LP
  • Wood & Sons
  • Drax Group plc
  • AS Graanul Invest
  • AVPGroup
  • Lignetics
  • Canfor
  • Stora Enso
  • Svenska Cellulosa Aktiebolaget SCA (publ)
  • The Brookridge Group
  • PIVETEAUBOIS

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porters Five Forces Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

4.6. Market Attractiveness

5. Global Wood Pellet Market Analysis, By Application

5.1. Introduction

5.2. Heat

5.3. CHP

5.4. Power

6. Global Wood Pellet Market Analysis, By End User

6.1. Introduction

6.2. Industrial

6.3. Residential and Commercial

7. Global Wood Pellet Market Analysis, By Geography

7.1. Introduction

7.2. North America

7.3. South America

7.4. Europe

7.5. Middle East and Africa

7.6. Asia Pacific

8. Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. Company Profiles

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