Product Code: 4387
Global wood pellets market is set to experience robust growth through 2032, primarily due to the superior features of wood pellets over fossil fuels. Unlike fossil fuels like commercial butane, LPG, commercial propane, and coal, wood pellets have lower ash and moisture content. Increasing global awareness about reducing carbon footprint will further augment the market growth by the end of the analysis timeframe.
Besides, there have been changes in coal-fired plant-related policies in Canada in recent times, which will positively impact the market. There is an increased production and consumption of wood pellets in Canada, which is augmented by the international demand and changes in the domestic policies of products.
In addition, some State-backed steps are also expected to prove beneficial for the market. For instance, in December 2018, in addition to introducing new rules for natural gas-fired electricity, Canada also vowed to discontinue coal-powered energy from 2030.
Based on grade, the wood pellets market is likely to be characterized by its premium grade, which is expected to grow at more than 17.5% CAGR through 2032. The demand for this grade of wood pellets is likely to increase since it has a low moisture content of less than 10% and an even lower ash content of 1%. These features make it perfect for residential heating applications.
In terms of application, the wood pellets market has been segmented into commercial, residential, animal bedding, and industrial. Among these, the commercial segment is expected to gain significant returns in the upcoming times, due to the increasing consumption of wood pellets in the heating applications, that are installed in schools, municipal buildings, institutions, and small businesses.
Considering the regional landscape, the market has been fragmented into North America, Asia Pacific, Europe, LATAM, and MEA. The North America wood pellet market is anticipated to grow at more than 16% CAGR between 2023 to 2032. The increasing usage of wood pellets in the residential heating sector is one of the key driving factors behind the increased consumption of wood pellets in this region.
Besides, government policies related to traditional coal-based electricity plants are undergoing changes. This will also provide significant impetus for the wood pellet producers, further augmenting the market growth.
Some of the crucial players in this industry include Pinnacle Renewable Energy Inc., Enviva Partners, Stora Enso Oyj, LP, Pacific BioEnergy, AS Graanul Invest, The Westervelt Company, Lignetics, Ecochipp, Svenska Cellulosa Aktiebolaget (SCA), Drax Group plc, InstantHeat Wood Pellets Inc., Land Energy, Mallard Creek Inc., Ecowood Pellets, and German Pellets GmbH.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimation & forecast parameters
- 1.3 Impact of COVID-19 on industry size and forecast
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
Chapter 2 Executive Summary
- 2.1 Wood pellets market 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Grade by application trends
- 2.1.3 Application trends
- 2.1.4 Regional trends
Chapter 3 Wood pellets Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size and forecast, 2018-2032
- 3.3 Industry ecosystem analysis
- 3.3.1 Value addition at each stage
- 3.3.2 Distribution channel analysis
- 3.3.3 Vendor matrix
- 3.4 Industry megatrends
- 3.5 Innovation & sustainability
- 3.5.1 Patent analysis
- 3.5.2 Technology landscape
- 3.5.3 Future trends
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Rising demand for renewable energy in major European countries
- 3.6.1.2 Policy changes related to coal-fired plants
- 3.6.1.3 Superior product characteristics compared to fossil fuels
- 3.6.1.4 Increasing energy demand in Asia Pacific
- 3.6.1.5 Ongoing trends related to outdoor kitchens in developed nations
- 3.6.2 Industry pitfalls and challenges
- 3.6.2.1 Implementing sustainable standards
- 3.6.2.2 Trade challenges in emerging economies
- 3.6.2.3 Lack of awareness related to product in developing nations
- 3.7 Regulatory landscape
- 3.7.1 Europe
- 3.7.2 Canada
- 3.8 Cost effectiveness analysis with respect to fossil fuel
- 3.9 Trade Statistics
- 3.10 Growth potential analysis
- 3.11 Porter's analysis
- 3.11.1 Buyer's power
- 3.11.2 Supplier power
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitutes
- 3.11.5 Industry rivalry
- 3.12 Price trends
- 3.12.1 Cost structure analysis
- 3.12.1.1 R&D cost
- 3.12.1.2 Manufacturing & equipment cost
- 3.12.1.3 Raw material cost
- 3.12.1.4 Distribution cost
- 3.12.1.5 Operating cost
- 3.12.1.6 Miscellaneous cost
- 3.12.2 Price by grade
- 3.12.3 Price by application
- 3.13 PESTLE analysis
Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company market share analysis, by region 2022
- 4.3 Strategy Dashboard
Chapter 5 Wood Pellets Market, By Grade by Application
- 5.1 Global wood pellets market by grade by application
- 5.2 Premium grade
- 5.2.1 Market estimates and forecast, 2018 - 2032
- 5.2.2 Market estimates and forecast, by application, 2018 - 2032
- 5.2.3 Market estimates and forecast, by region, 2018 - 2032
- 5.3 Standard grade
- 5.3.1 Market estimates and forecast, 2018 - 2032
- 5.3.2 Market estimates and forecast, by application, 2018 - 2032
- 5.3.3 Market estimates and forecast, by region, 2018 - 2032
- 5.4 Premium grade
- 5.4.1 Market estimates and forecast, 2018 - 2032
- 5.4.2 Market estimates and forecast, by application, 2018 - 2032
- 5.4.3 Market estimates and forecast, by region, 2018 - 2032
Chapter 6 Wood Pellets Market, By Application
- 6.1 Wood pellets market, material by end-user, 2021 & 2032
- 6.2 Residential
- 6.2.1 Market estimates and forecast, 2018 - 2032
- 6.2.2 Market estimates and forecast by region, 2018 - 2032
- 6.3 Commercial
- 6.3.1 Market estimates and forecast, 2018 - 2032
- 6.3.2 Market estimates and forecast by region, 2018 - 2032
- 6.4 Industrial
- 6.4.1 Market estimates and forecast, 2018 - 2032
- 6.4.2 Market estimates and forecast by region, 2018 - 2032
- 6.5 Animal bedding
- 6.5.1 Market estimates and forecast, 2018 - 2032
- 6.5.2 Market estimates and forecast by region, 2018 - 2032
Chapter 7 Wood Pellets Market, By Region
- 7.1 Wood pellets market, by region, 2021 & 2032
- 7.2 North America
- 7.2.1 Market estimates & forecast, 2018-2032
- 7.2.2 Market estimates & forecast, by grade by application, 2018 - 2032
- 7.2.3 Market estimates & forecast, by application, 2018 - 2032
- 7.2.4 U.S.
- 7.2.4.1 Market estimates and forecast, 2018-2032
- 7.2.4.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.2.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.2.5 Canada
- 7.2.5.1 Market estimates and forecast, 2018-2032
- 7.2.5.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.2.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3 Europe
- 7.3.1 Market estimates & forecast, 2018-2032
- 7.3.2 Market estimates & forecast, by grade by application, 2018 - 2032
- 7.3.3 Market estimates & forecast, by application, 2018 - 2032
- 7.3.4 Germany
- 7.3.4.1 Market estimates and forecast, 2018-2032
- 7.3.4.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.5 UK
- 7.3.5.1 Market estimates and forecast, 2018-2032
- 7.3.5.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.6 France
- 7.3.6.1 Market estimates and forecast, 2018-2032
- 7.3.6.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.6.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.7 Italy
- 7.3.7.1 Market estimates and forecast, 2018-2032
- 7.3.7.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.7.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.8 Denmark
- 7.3.8.1 Market estimates and forecast, 2018-2032
- 7.3.8.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.8.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.9 Sweden
- 7.3.9.1 Market estimates and forecast, 2018-2032
- 7.3.9.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.9.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.10 Belgium
- 7.3.10.1 Market estimates and forecast, 2018-2032
- 7.3.10.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.10.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.11 Austria
- 7.3.11.1 Market estimates and forecast, 2018-2032
- 7.3.11.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.11.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.12 Russia
- 7.3.12.1 Market estimates and forecast, 2018-2032
- 7.3.12.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.12.3 Market estimates and forecast, by application, 2018 - 2032
- 7.3.13 Poland
- 7.3.13.1 Market estimates and forecast, 2018-2032
- 7.3.13.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.3.13.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4 Asia Pacific
- 7.4.1 Market estimates & forecast, 2018-2032
- 7.4.2 Market estimates & forecast, by grade by application, 2018 - 2032
- 7.4.3 Market estimates & forecast, by application, 2018 - 2032
- 7.4.4 China
- 7.4.4.1 Market estimates and forecast, 2018-2032
- 7.4.4.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.4.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4.5 Japan
- 7.4.5.1 Market estimates and forecast, 2018-2032
- 7.4.5.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.4.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4.6 South Korea
- 7.4.6.1 Market estimates and forecast, 2018-2032
- 7.4.6.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.4.6.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4.7 Australia
- 7.4.7.1 Market estimates and forecast, 2018-2032
- 7.4.7.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.4.7.3 Market estimates and forecast, by application, 2018 - 2032
- 7.4.8 New Zealand
- 7.4.8.1 Market estimates and forecast, 2018-2032
- 7.4.8.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.4.8.3 Market estimates and forecast, by application, 2018 - 2032
- 7.5 Latin America
- 7.5.1 Market estimates & forecast, 2018-2032
- 7.5.2 Market estimates & forecast, by grade by application, 2018 - 2032
- 7.5.3 Market estimates & forecast, by application, 2018 - 2032
- 7.5.4 Brazil
- 7.5.4.1 Market estimates and forecast, 2018-2032
- 7.5.4.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.5.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.5.5 Mexico
- 7.5.5.1 Market estimates and forecast, 2018-2032
- 7.5.5.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.5.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.6 Middle East & Africa
- 7.6.1 Market estimates & forecast, 2018-2032
- 7.6.2 Market estimates & forecast, by grade by application, 2018 - 2032
- 7.6.3 Market estimates & forecast, by application, 2018 - 2032
- 7.6.4 South Africa
- 7.6.4.1 Market estimates and forecast, 2018-2032
- 7.6.4.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.6.4.3 Market estimates and forecast, by application, 2018 - 2032
- 7.6.5 Saudi Arabia
- 7.6.5.1 Market estimates and forecast, 2018-2032
- 7.6.5.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.6.5.3 Market estimates and forecast, by application, 2018 - 2032
- 7.6.6 UAE
- 7.6.6.1 Market estimates and forecast, 2018-2032
- 7.6.6.2 Market estimates and forecast, by grade by application, 2018 - 2032
- 7.6.6.3 Market estimates and forecast, by application, 2018 - 2032
Chapter 8 Company Profiles
- 8.1 Stora Enso Oyj
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
- 8.2 Enviva Partners, LP
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 Pacific BioEnergy
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 Drax Group Plc.
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 AS Graanul Invest
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Lignetics
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 Ecochipp
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 Svenska Cellulosa Aktiebolaget (SCA)
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
- 8.9 InstantHeat Wood Pellets Inc.
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 Pinnacle Renewable Energy Inc.
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
- 8.11 Land Energy
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 Mallard Creek Inc.
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Ecowood Pellets
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 German Pellets GmbH
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 The Westervelt Company
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis