Wood pellet is a solid fuel that is produced by crushing and densifying waste timber like sawdust, forestry residues, industrial byproducts like old paper and forestry wastes. The length is 1-2 cm and the diameter is generally 6, 8, 10, or 12mm. It is possible to produce 25mm wood pellet at maximum. In Sweden, 6mm wood pellet is encouraged to use in house as it can realize the best condition of combustion. Wood pellet production doesn't need to add binder as lignin, an element of wood, plays a role of binder and helps to pelletize when it is melted by heat.
According to our (Global Info Research) latest study, the global Wood-Pellets market size was valued at USD 6050.1 million in 2022 and is forecast to a readjusted size of USD 9000.1 million by 2029 with a CAGR of 5.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Wood-Pellets are mainly classified into the following types: white pellet and black pellet. White pellet is the most widely used type which takes up about 97% of the total sales, while the black pellet has a fast growing speed.
Wood-Pellets have wide range of applications, such as power generation, industrial furnace, civil use etc. And power generation was the most widely used area which took up about 61% of the global total.
Europe is the largest consumer of Wood-Pellets in the world. Europe market took up about 57% the global market, while North America and China were about 21%, 8%.
Enviva, Pinnacle, Graanul Invest Group, Drax Biomass International, Vyborgskaya Cellulose and Lignetics, etc. are the key suppliers in the global Wood-Pellets market. Top 5 took up about 32% of the global market.
This report is a detailed and comprehensive analysis for global Wood-Pellets market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
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This report profiles key players in the global Wood-Pellets market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Enviva, Pinnacle, Vyborgskaya Cellulose, Rentech and Innogy, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segment by Type
White Pellet
Black Pellet
Market segment by Application
Power Generation
Industrial Furnace
Civil Use
Others
Major players covered
Enviva
Pinnacle
Vyborgskaya Cellulose
Rentech
Innogy
Graanul Invest Group
Zilkha Biomass Energy
Canfor
General Biofuels
Pacific BioEnergy
Protocol Energy
PFEIFER
Biomass Secure Power
Viridis Energy
Westervelt
BTH Quitman Hickory
Energex
Lignetics
Equustock
Fram Renewable Fuels
RusForest
Neova
Drax Biomass International
Enova Energy Group
Aoke Ruifeng
DEVOTION
Dalin Biological
Senon Renewable Energy
Xirui New Energy
Weige Bio-tech Energy
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Wood-Pellets product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Wood-Pellets, with price, sales, revenue and global market share of Wood-Pellets from 2018 to 2023.
Chapter 3, the Wood-Pellets competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Wood-Pellets breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Wood-Pellets market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Wood-Pellets.
Chapter 14 and 15, to describe Wood-Pellets sales channel, distributors, customers, research findings and conclusion.
Research Data Source:
Primary and secondary research as two components of methodology applied: Primary research is based on online and telephone based survey, i.e. interviews with several key experts with different functions in the market – from industry, trade and customers, associations and external experts such as researchers. Secondary research is based on all kinds of publicly or commercially available sources, such as publications and further information published from industry (annual reports, company websites, press releases, industry journals and trade publications), relevant databases (government, patent, statistics, markets), scientific and technical writings for product information, scientific articles, and further paid data sources.
This study is based on analysis of information obtained continually since 2016 through our research regarding this industry, but updated through the recent months of 2022. During this period, our analysts performs interviews with authoritative and representative individuals in this industry, industry associations, import/export, and other. The interviews were conducted principally with:
- Manufactuers and their competitors
- Distributors, wholesaler, and agents
- Customers
- CEOs/ Marketing Executives
- Business Heads
- Industry Experts
- Technology and Innovation Directors
- Senior Managers
- Program/Project Directors
A full review of published information was also performed to supplement information obtained through interviews. The following sources were reviewed:
- Professional technical journals and papers
- Trade press articles
- Technical conference proceedings
- Product literature
- Company profile and financial information
- Additional information based on previous Global Info Research market studies
- Personal knowledge of the research team.
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