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Global Wood Pellet Market

Global Wood Pellet Market – Industry Trends and Forecast to 2030

Report ID: MS-1455 |   Energy and Natural Resources |  Last updated: Jul, 2024 |  Formats*:

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The Wood Pellet market is experiencing robust expansion, with market size projected to increase from XX billion in 2024 to xx billion by 2030, demonstrating a consistent year-over-year growth rate of 6.4%. Wood Pellet Market Size, Share, Competitive Landscape and Trend Analysis Report, , by applications (CHP, Heating, Power Generation) And regions (North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2030

Wood pellets are derived from recycling timber and forest residues into renewable biomass fuel, are anticipated to witness market growth. The rise in government expenditure on renewable energy for power generation is expected to drive this development. Additionally, the use of wood pellets aids in lowering Greenhouse Gas (GHG) and carbon emissions, contributing to increased adoption and fostering market growth. Wood pellets used as an eco-friendly biomass fuel source

Wood Pellet Report Highlights

Report MetricsDetails
Forecast period2019-2030
Base Year Of Estimation2023
Growth RateCAGR of 6.4%
Key Market Players
  • Drax Group Plc
  • Energex
  • Enviva LP
  • Georgia Biomass, LLC
  • Groupe Savoie Inc.
  • I.C.S. (Lacroix) Lumber Inc.
  • Lauzon Recycled Wood Energy
  • Pacific BioEnergy
  • Pinnacle Renewable Energy Inc.
  • Premium Pellet Ltd.
  • SINGPELLET Pte. Ltd.
  • The Westervelt Company, Inc.
  • United Company
  • Vermont Wood Pellet Co.
  • Wood Pellet Energy (UK) Ltd.
By Region
  • North America(United States.Canada.Mexico)
  • South America(Brazil.Argentina.Chile.Rest of South America)
  • Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe)
  • Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific)
  • MEA(Middle East.Africa)

Wood Pellet Market Trends

The expansion of research and development endeavours focuses on innovating manufacturing processes for wood pellets. Key market players are putting more effort into research and development for wood pellets. They want to produce them in faster, cheaper, and more eco-friendly way. This is helping to meet the demand for cleaner energy, making wood pellets a greener choice. As they find new and improved methods, wood pellets become a stronger player in the renewable energy market, contributing to a more sustainable future.

Wood Pellet Market Leading Players

The key players profiled in the report are Drax Group Plc, Energex, Enviva LP, Georgia Biomass, LLC, Groupe Savoie Inc., I.C.S. (Lacroix) Lumber Inc., Lauzon Recycled Wood Energy, Pacific BioEnergy, Pinnacle Renewable Energy Inc., Premium Pellet Ltd., SINGPELLET Pte. Ltd., The Westervelt Company, Inc., United Company, Vermont Wood Pellet Co., Wood Pellet Energy (UK) Ltd.

Growth Accelerators

Increasing demand for cleaner and renewable sources of generating power. More people want cleaner and renewable energy, and that's boosting the Wood Pellet market. As people are becoming more aware of environmental issues, there is a shift observed from regular fuels to greener options like wood pellets. These pellets are considered better for the environment because they produce less carbon dioxide. The increasing demand for cleaner energy, driven by concerns about climate change and pollution making, wood pellets as a popular choice for generating power. Governments, businesses, and individuals looking for more eco-friendly fuel options contributing to the market growth of wood pellets. Fluctuations in fossil fuel prices driving the market of Wood Pellet Market Due to several reasons like war, economic crises and natural calamities prices of fossil fuel prices go up and down and it affects the Wood Pellet market. Due to uncertainty in traditional fuel costs people are turning to wood pellets for a more stable and eco-friendly option. Wood pellets become popular because they offer a reliable and cost-effective energy source, especially during times of unpredictable fossil fuel prices.

Wood Pellet Market Segmentation analysis

The Global Wood Pellet is segmented by Application, and Region.
. The Application segment categorizes the market based on its usage such as CHP, Heating, Power Generation. Geographically, the market is assessed across key Regions like North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Challenges In Wood Pellet Market

Presence of alternative fuel options hampering the market of Wood Pellet The Wood Pellet market is facing challenges because of the availability of other fuel options. People might choose different renewable energy sources like solar or wind power, or even other biomass fuels, which is slowing down the growth of the wood pellet market. To overcome this, it is important to show the unique benefits of wood pellets, like being eco-friendly and emitting fewer gases. By spreading awareness about these advantages key market players can acquire this emerging market.

Risks & Prospects in Wood Pellet Market

Various policies and agreements, including the Kyoto Protocol, COP21's Paris Agreement, and the American Clean Energy and Security Act, are undertaken Because of global agreements like the Kyoto Protocol and the Paris Agreement, use of wood pellets for clean energy is becoming more popular. These agreements encouraging the cleaner energy sources, and wood pellets fit the bill. This creates a good opportunity for the Wood Pellet market to grow in as more countries that are aiming to use eco-friendly alternatives to meet their clean energy goals.
Table of content
1: Introduction
  • 1.1 Report description
  • 1.2 Key market segments
  • 1.3 Key benefits to the stakeholders

2: Executive Summary
  • 2.1 Wood Pellet- Snapshot
  • 2.2 Wood Pellet- Segment Snapshot
  • 2.3 Wood Pellet- Competitive Landscape Snapshot

3: Market Overview
  • 3.1 Market definition and scope
  • 3.2 Key findings
    • 3.2.1 Top impacting factors
    • 3.2.2 Top investment pockets
  • 3.3 Porter’s five forces analysis
    • 3.3.1 Low bargaining power of suppliers
    • 3.3.2 Low threat of new entrants
    • 3.3.3 Low threat of substitutes
    • 3.3.4 Low intensity of rivalry
    • 3.3.5 Low bargaining power of buyers
  • 3.4 Market dynamics
    • 3.4.1 Drivers
    • 3.4.2 Restraints
    • 3.4.3 Opportunities

4: Wood Pellet Market by Application / by End Use
  • 4.1 Overview
    • 4.1.1 Market size and forecast
  • 4.2 CHP
    • 4.2.1 Key market trends, factors driving growth, and opportunities
    • 4.2.2 Market size and forecast, by region
    • 4.2.3 Market share analysis by country
  • 4.3 Heating
    • 4.3.1 Key market trends, factors driving growth, and opportunities
    • 4.3.2 Market size and forecast, by region
    • 4.3.3 Market share analysis by country
  • 4.4 Power Generation
    • 4.4.1 Key market trends, factors driving growth, and opportunities
    • 4.4.2 Market size and forecast, by region
    • 4.4.3 Market share analysis by country

5: Wood Pellet Market by End-use Outlook
  • 5.1 Overview
    • 5.1.1 Market size and forecast
  • 5.2 Commercial
    • 5.2.1 Key market trends, factors driving growth, and opportunities
    • 5.2.2 Market size and forecast, by region
    • 5.2.3 Market share analysis by country
  • 5.3 Industrial
    • 5.3.1 Key market trends, factors driving growth, and opportunities
    • 5.3.2 Market size and forecast, by region
    • 5.3.3 Market share analysis by country
  • 5.4 Residential
    • 5.4.1 Key market trends, factors driving growth, and opportunities
    • 5.4.2 Market size and forecast, by region
    • 5.4.3 Market share analysis by country

6: Wood Pellet Market by Region
  • 6.1 Overview
    • 6.1.1 Market size and forecast By Region
  • 6.2 North America
    • 6.2.1 Key trends and opportunities
    • 6.2.2 Market size and forecast, by Type
    • 6.2.3 Market size and forecast, by Application
    • 6.2.4 Market size and forecast, by country
      • 6.2.4.1 United States
        • 6.2.4.1.1 Key market trends, factors driving growth, and opportunities
        • 6.2.4.1.2 Market size and forecast, by Type
        • 6.2.4.1.3 Market size and forecast, by Application
      • 6.2.4.2 Canada
        • 6.2.4.2.1 Key market trends, factors driving growth, and opportunities
        • 6.2.4.2.2 Market size and forecast, by Type
        • 6.2.4.2.3 Market size and forecast, by Application
      • 6.2.4.3 Mexico
        • 6.2.4.3.1 Key market trends, factors driving growth, and opportunities
        • 6.2.4.3.2 Market size and forecast, by Type
        • 6.2.4.3.3 Market size and forecast, by Application
  • 6.3 South America
    • 6.3.1 Key trends and opportunities
    • 6.3.2 Market size and forecast, by Type
    • 6.3.3 Market size and forecast, by Application
    • 6.3.4 Market size and forecast, by country
      • 6.3.4.1 Brazil
        • 6.3.4.1.1 Key market trends, factors driving growth, and opportunities
        • 6.3.4.1.2 Market size and forecast, by Type
        • 6.3.4.1.3 Market size and forecast, by Application
      • 6.3.4.2 Argentina
        • 6.3.4.2.1 Key market trends, factors driving growth, and opportunities
        • 6.3.4.2.2 Market size and forecast, by Type
        • 6.3.4.2.3 Market size and forecast, by Application
      • 6.3.4.3 Chile
        • 6.3.4.3.1 Key market trends, factors driving growth, and opportunities
        • 6.3.4.3.2 Market size and forecast, by Type
        • 6.3.4.3.3 Market size and forecast, by Application
      • 6.3.4.4 Rest of South America
        • 6.3.4.4.1 Key market trends, factors driving growth, and opportunities
        • 6.3.4.4.2 Market size and forecast, by Type
        • 6.3.4.4.3 Market size and forecast, by Application
  • 6.4 Europe
    • 6.4.1 Key trends and opportunities
    • 6.4.2 Market size and forecast, by Type
    • 6.4.3 Market size and forecast, by Application
    • 6.4.4 Market size and forecast, by country
      • 6.4.4.1 Germany
        • 6.4.4.1.1 Key market trends, factors driving growth, and opportunities
        • 6.4.4.1.2 Market size and forecast, by Type
        • 6.4.4.1.3 Market size and forecast, by Application
      • 6.4.4.2 France
        • 6.4.4.2.1 Key market trends, factors driving growth, and opportunities
        • 6.4.4.2.2 Market size and forecast, by Type
        • 6.4.4.2.3 Market size and forecast, by Application
      • 6.4.4.3 Italy
        • 6.4.4.3.1 Key market trends, factors driving growth, and opportunities
        • 6.4.4.3.2 Market size and forecast, by Type
        • 6.4.4.3.3 Market size and forecast, by Application
      • 6.4.4.4 United Kingdom
        • 6.4.4.4.1 Key market trends, factors driving growth, and opportunities
        • 6.4.4.4.2 Market size and forecast, by Type
        • 6.4.4.4.3 Market size and forecast, by Application
      • 6.4.4.5 Benelux
        • 6.4.4.5.1 Key market trends, factors driving growth, and opportunities
        • 6.4.4.5.2 Market size and forecast, by Type
        • 6.4.4.5.3 Market size and forecast, by Application
      • 6.4.4.6 Nordics
        • 6.4.4.6.1 Key market trends, factors driving growth, and opportunities
        • 6.4.4.6.2 Market size and forecast, by Type
        • 6.4.4.6.3 Market size and forecast, by Application
      • 6.4.4.7 Rest of Europe
        • 6.4.4.7.1 Key market trends, factors driving growth, and opportunities
        • 6.4.4.7.2 Market size and forecast, by Type
        • 6.4.4.7.3 Market size and forecast, by Application
  • 6.5 Asia Pacific
    • 6.5.1 Key trends and opportunities
    • 6.5.2 Market size and forecast, by Type
    • 6.5.3 Market size and forecast, by Application
    • 6.5.4 Market size and forecast, by country
      • 6.5.4.1 China
        • 6.5.4.1.1 Key market trends, factors driving growth, and opportunities
        • 6.5.4.1.2 Market size and forecast, by Type
        • 6.5.4.1.3 Market size and forecast, by Application
      • 6.5.4.2 Japan
        • 6.5.4.2.1 Key market trends, factors driving growth, and opportunities
        • 6.5.4.2.2 Market size and forecast, by Type
        • 6.5.4.2.3 Market size and forecast, by Application
      • 6.5.4.3 India
        • 6.5.4.3.1 Key market trends, factors driving growth, and opportunities
        • 6.5.4.3.2 Market size and forecast, by Type
        • 6.5.4.3.3 Market size and forecast, by Application
      • 6.5.4.4 South Korea
        • 6.5.4.4.1 Key market trends, factors driving growth, and opportunities
        • 6.5.4.4.2 Market size and forecast, by Type
        • 6.5.4.4.3 Market size and forecast, by Application
      • 6.5.4.5 Australia
        • 6.5.4.5.1 Key market trends, factors driving growth, and opportunities
        • 6.5.4.5.2 Market size and forecast, by Type
        • 6.5.4.5.3 Market size and forecast, by Application
      • 6.5.4.6 Southeast Asia
        • 6.5.4.6.1 Key market trends, factors driving growth, and opportunities
        • 6.5.4.6.2 Market size and forecast, by Type
        • 6.5.4.6.3 Market size and forecast, by Application
      • 6.5.4.7 Rest of Asia-Pacific
        • 6.5.4.7.1 Key market trends, factors driving growth, and opportunities
        • 6.5.4.7.2 Market size and forecast, by Type
        • 6.5.4.7.3 Market size and forecast, by Application
  • 6.6 MEA
    • 6.6.1 Key trends and opportunities
    • 6.6.2 Market size and forecast, by Type
    • 6.6.3 Market size and forecast, by Application
    • 6.6.4 Market size and forecast, by country
      • 6.6.4.1 Middle East
        • 6.6.4.1.1 Key market trends, factors driving growth, and opportunities
        • 6.6.4.1.2 Market size and forecast, by Type
        • 6.6.4.1.3 Market size and forecast, by Application
      • 6.6.4.2 Africa
        • 6.6.4.2.1 Key market trends, factors driving growth, and opportunities
        • 6.6.4.2.2 Market size and forecast, by Type
        • 6.6.4.2.3 Market size and forecast, by Application
7: Competitive Landscape
  • 7.1 Overview
  • 7.2 Key Winning Strategies
  • 7.3 Top 10 Players: Product Mapping
  • 7.4 Competitive Analysis Dashboard
  • 7.5 Market Competition Heatmap
  • 7.6 Leading Player Positions, 2022

8: Company Profiles
  • 8.1 Drax Group Plc
    • 8.1.1 Company Overview
    • 8.1.2 Key Executives
    • 8.1.3 Company snapshot
    • 8.1.4 Active Business Divisions
    • 8.1.5 Product portfolio
    • 8.1.6 Business performance
    • 8.1.7 Major Strategic Initiatives and Developments
  • 8.2 Energex
    • 8.2.1 Company Overview
    • 8.2.2 Key Executives
    • 8.2.3 Company snapshot
    • 8.2.4 Active Business Divisions
    • 8.2.5 Product portfolio
    • 8.2.6 Business performance
    • 8.2.7 Major Strategic Initiatives and Developments
  • 8.3 Enviva LP
    • 8.3.1 Company Overview
    • 8.3.2 Key Executives
    • 8.3.3 Company snapshot
    • 8.3.4 Active Business Divisions
    • 8.3.5 Product portfolio
    • 8.3.6 Business performance
    • 8.3.7 Major Strategic Initiatives and Developments
  • 8.4 Georgia Biomass
    • 8.4.1 Company Overview
    • 8.4.2 Key Executives
    • 8.4.3 Company snapshot
    • 8.4.4 Active Business Divisions
    • 8.4.5 Product portfolio
    • 8.4.6 Business performance
    • 8.4.7 Major Strategic Initiatives and Developments
  • 8.5 LLC
    • 8.5.1 Company Overview
    • 8.5.2 Key Executives
    • 8.5.3 Company snapshot
    • 8.5.4 Active Business Divisions
    • 8.5.5 Product portfolio
    • 8.5.6 Business performance
    • 8.5.7 Major Strategic Initiatives and Developments
  • 8.6 Groupe Savoie Inc.
    • 8.6.1 Company Overview
    • 8.6.2 Key Executives
    • 8.6.3 Company snapshot
    • 8.6.4 Active Business Divisions
    • 8.6.5 Product portfolio
    • 8.6.6 Business performance
    • 8.6.7 Major Strategic Initiatives and Developments
  • 8.7 I.C.S. (Lacroix) Lumber Inc.
    • 8.7.1 Company Overview
    • 8.7.2 Key Executives
    • 8.7.3 Company snapshot
    • 8.7.4 Active Business Divisions
    • 8.7.5 Product portfolio
    • 8.7.6 Business performance
    • 8.7.7 Major Strategic Initiatives and Developments
  • 8.8 Lauzon Recycled Wood Energy
    • 8.8.1 Company Overview
    • 8.8.2 Key Executives
    • 8.8.3 Company snapshot
    • 8.8.4 Active Business Divisions
    • 8.8.5 Product portfolio
    • 8.8.6 Business performance
    • 8.8.7 Major Strategic Initiatives and Developments
  • 8.9 Pacific BioEnergy
    • 8.9.1 Company Overview
    • 8.9.2 Key Executives
    • 8.9.3 Company snapshot
    • 8.9.4 Active Business Divisions
    • 8.9.5 Product portfolio
    • 8.9.6 Business performance
    • 8.9.7 Major Strategic Initiatives and Developments
  • 8.10 Pinnacle Renewable Energy Inc.
    • 8.10.1 Company Overview
    • 8.10.2 Key Executives
    • 8.10.3 Company snapshot
    • 8.10.4 Active Business Divisions
    • 8.10.5 Product portfolio
    • 8.10.6 Business performance
    • 8.10.7 Major Strategic Initiatives and Developments
  • 8.11 Premium Pellet Ltd.
    • 8.11.1 Company Overview
    • 8.11.2 Key Executives
    • 8.11.3 Company snapshot
    • 8.11.4 Active Business Divisions
    • 8.11.5 Product portfolio
    • 8.11.6 Business performance
    • 8.11.7 Major Strategic Initiatives and Developments
  • 8.12 SINGPELLET Pte. Ltd.
    • 8.12.1 Company Overview
    • 8.12.2 Key Executives
    • 8.12.3 Company snapshot
    • 8.12.4 Active Business Divisions
    • 8.12.5 Product portfolio
    • 8.12.6 Business performance
    • 8.12.7 Major Strategic Initiatives and Developments
  • 8.13 The Westervelt Company
    • 8.13.1 Company Overview
    • 8.13.2 Key Executives
    • 8.13.3 Company snapshot
    • 8.13.4 Active Business Divisions
    • 8.13.5 Product portfolio
    • 8.13.6 Business performance
    • 8.13.7 Major Strategic Initiatives and Developments
  • 8.14 Inc.
    • 8.14.1 Company Overview
    • 8.14.2 Key Executives
    • 8.14.3 Company snapshot
    • 8.14.4 Active Business Divisions
    • 8.14.5 Product portfolio
    • 8.14.6 Business performance
    • 8.14.7 Major Strategic Initiatives and Developments
  • 8.15 United Company
    • 8.15.1 Company Overview
    • 8.15.2 Key Executives
    • 8.15.3 Company snapshot
    • 8.15.4 Active Business Divisions
    • 8.15.5 Product portfolio
    • 8.15.6 Business performance
    • 8.15.7 Major Strategic Initiatives and Developments
  • 8.16 Vermont Wood Pellet Co.
    • 8.16.1 Company Overview
    • 8.16.2 Key Executives
    • 8.16.3 Company snapshot
    • 8.16.4 Active Business Divisions
    • 8.16.5 Product portfolio
    • 8.16.6 Business performance
    • 8.16.7 Major Strategic Initiatives and Developments
  • 8.17 Wood Pellet Energy (UK) Ltd.
    • 8.17.1 Company Overview
    • 8.17.2 Key Executives
    • 8.17.3 Company snapshot
    • 8.17.4 Active Business Divisions
    • 8.17.5 Product portfolio
    • 8.17.6 Business performance
    • 8.17.7 Major Strategic Initiatives and Developments

9: Analyst Perspective and Conclusion
  • 9.1 Concluding Recommendations and Analysis
  • 9.2 Strategies for Market Potential

Scope of Report
Aspects Details
By Application
  • CHP
  • Heating
  • Power Generation
By End-use Outlook
  • Commercial
  • Industrial
  • Residential

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