木質ペレット市場レポート：原料タイプ、用途、地域別、2024-2032

世界の木質ペレット市場規模は2023年に133億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて5.7%の成長率（CAGR）を示し、2032年までに222億米ドルに達すると予測しています。再生可能エネルギー源に対する需要の増加、持続可能な実践を推進する政府の取り組み、二酸化炭素排出削減に対する意識の高まり、バイオマス発電の増加、住宅および産業用途における木質ペレットの多用途性が市場成長に影響を与えています。

木質ペレット市場の分析

市場の成長と規模：世界の木質ペレット市場は、再生可能エネルギーと環境持続可能性への需要の高まりにより、大幅な成長を遂げています。市場規模は、住宅、商業、産業用途での木質ペレットの採用によって拡大を続けています。

主な市場促進要因：主な促進要因：世界の再生可能エネルギーへのシフト、バイオマス利用を促進する政府の取り組み、環境問題、木質ペレット製造の技術進歩など。森林木材、廃棄物、農業残渣など、木質ペレット原料の種類が多様であることも、市場の需要維持に寄与しています。

技術の進歩：継続的な技術革新により生産効率が向上し、生産能力とコスト効率が高まる。これに加えて、燃焼技術やペレット製造プロセス（熱分解など）の大幅な進歩が、木質ペレットの全体的な品質と性能を向上させています。

産業用途：木質ペレットは、住宅暖房、商業暖房、発電所、熱電併給（CHP）システムなど、さまざまな分野で利用されています。工業プロセスや地域暖房を含む様々な分野での多様な用途が、市場の普及に寄与しています。

主な市場動向：主要動向には、農業残渣や廃棄物など多様な原料タイプの利用が含まれ、サプライチェーンの持続可能性と回復力を支えています。また、効率向上のための高度燃焼技術や焙焼プロセスへの関心が高まっています。

地理的動向：欧州は、厳しい環境規制、政府のインセンティブ、再生可能エネルギーへの強いコミットメントによって、木質ペレット市場をリードしています。この他、北米、アジア太平洋、ラテンアメリカ、中東・アフリカは、地域のエネルギー需要、バイオマス資源、政府政策の影響を受け、様々な動向を示しています。

競合情勢：既存企業が、豊富な生産能力と販売網を武器に市場を独占しています。また、地域密着型の生産により地域プレーヤーが台頭し、ダイナミックな競合情勢を形成しています。

課題と機会：課題には、持続可能で多様な原料供給の確保、環境問題への対応、複雑な規制への対応などがあります。一方、継続的な技術の進歩、応用分野の拡大、支援政策とエネルギー需要の拡大を伴う新興市場への参入は、市場に有益な成長機会をもたらしています。

木質ペレット市場の動向

再生可能エネルギー需要の増加

世界の木質ペレット市場を促進している主な要因の一つは、再生可能エネルギー源に対する需要の高まりです。世界が気候変動の課題に直面し、二酸化炭素排出量の削減に努める中、化石燃料からよりクリーンな代替エネルギーへの移行が重視されるようになっています。木質ペレットは、その再生可能な性質から、実行可能な解決策となります。その上、これらのペレットは通常、おがくずや木くずなどの圧縮バイオマスから作られており、持続可能なエネルギー源となっています。さらに、各国がエネルギー・ミックスの多様化とカーボンニュートラル目標の達成を目指しているため、木質ペレット由来のバイオエネルギーを含む再生可能エネルギー部門が牽引力を増しており、市場拡大の明るい見通しが生まれています。

政府のイニシアティブと政策

木質ペレット市場の成長を後押しする上で、有利な政府政策の実施は極めて重要な役割を果たしています。多くの国が再生可能エネルギー戦略の一環として木質ペレットの利用を積極的に推進しています。生産者と消費者の双方が木質ペレットを採用することを奨励する補助金、インセンティブ、有利な規制が利用可能であることが、市場の拡大に寄与しています。これと同時に、政府はしばしば再生可能エネルギー目標を設定し、非再生可能エネルギー源への依存を減らすための対策を実施しており、これが市場成長の原動力となっています。さらに、廃棄物管理や森林破壊に対処する政策の導入により、木材ペレット生産における木材残渣の利用や持続可能な林業慣行が奨励されていることも、市場拡大の一助となっています。

環境問題の高まり

気候変動や大気質に関する環境問題の高まりと、よりクリーンなエネルギー源への転換の必要性に対する意識の高まりが相まって、市場拡大の好機が広がっています。木質ペレットは化石燃料に代わるカーボンニュートラルな代替燃料であり、燃焼時に放出される二酸化炭素はバイオマスの成長過程で吸収される炭素によって相殺されるからです。このカーボンニュートラルにより、木質ペレットは環境意識の高い消費者や産業界にとって魅力的な選択肢となっています。さらに、有限な化石燃料資源への依存を減らし、従来の燃焼に伴う大気汚染物質を最小限に抑えるために木質ペレットの使用が増加しており、大気の質の改善と環境全体の持続可能性に貢献していることが、市場の成長を促しています。

継続的な技術進歩

大幅な技術進歩は、木質ペレット市場の効率性と実行可能性を高める上で極めて重要な役割を果たしています。改良されたペレタイジング機械や自動化などのペレット製造プロセスの革新は、生産能力の向上とコスト効率の改善につながった。これと連動して、一貫したエネルギー含有量を持つ高品質のペレットの開発を容易にする技術の継続的な進歩が、住宅暖房、工業プロセス、発電を含む様々な用途にペレットをより魅力的なものにしており、市場の拡大を後押ししています。さらに、ペレット燃焼技術の広範な研究開発（R&D）により、よりクリーンで効率的な燃焼が実現し、排出に関する懸念に対処するとともに、主流エネルギー源としての木質ペレットの幅広い採用が促進され、市場の前進につながっています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 木質ペレットの世界市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：原料タイプ別

• 森林木材と廃棄物
  • 市場動向
  • 市場予測
• 農業残渣
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第7章 市場内訳：用途別

• 発電所
  • 市場動向
  • 市場予測
• 住宅暖房
  • 市場動向
  • 市場予測
• 業務用暖房
  • 市場動向
  • 市場予測
• 熱電併給（CHP）
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第8章 市場内訳：地域別

• 北米
  • 米国
    • 市場動向
    • 市場予測
  • カナダ
    • 市場動向
    • 市場予測
• アジア太平洋
  • 中国
    • 市場動向
    • 市場予測
  • 日本
    • 市場動向
    • 市場予測
  • インド
    • 市場動向
    • 市場予測
  • 韓国
    • 市場動向
    • 市場予測
  • オーストラリア
    • 市場動向
    • 市場予測
  • インドネシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 欧州
  • ドイツ
    • 市場動向
    • 市場予測
  • フランス
    • 市場動向
    • 市場予測
  • 英国
    • 市場動向
    • 市場予測
  • イタリア
    • 市場動向
    • 市場予測
  • スペイン
    • 市場動向
    • 市場予測
  • ロシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• ラテンアメリカ
  • ブラジル
    • 市場動向
    • 市場予測
  • メキシコ
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 中東・アフリカ地域
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第9章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第10章 バリューチェーン分析

第11章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第12章 価格分析

第13章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • 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
  • Tanac S.A.

List of Figures

• Figure 1: Global: Wood Pellet Market: Major Drivers and Challenges
• Figure 2: Global: Wood Pellet Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Wood Pellet Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: Wood Pellet Market: Breakup by Feedstock Type (in %), 2023
• Figure 5: Global: Wood Pellet Market: Breakup by Application (in %), 2023
• Figure 6: Global: Wood Pellet Market: Breakup by Region (in %), 2023
• Figure 7: Global: Wood Pellet (Forest Wood and Waste) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 8: Global: Wood Pellet (Forest Wood and Waste) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 9: Global: Wood Pellet (Agriculture Residue) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 10: Global: Wood Pellet (Agriculture Residue) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 11: Global: Wood Pellet (Other Feedstock Types) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 12: Global: Wood Pellet (Other Feedstock Types) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 13: Global: Wood Pellet (Power Plants) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 14: Global: Wood Pellet (Power Plants) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 15: Global: Wood Pellet (Residential Heating) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 16: Global: Wood Pellet (Residential Heating) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 17: Global: Wood Pellet (Commercial Heating) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 18: Global: Wood Pellet (Commercial Heating) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 19: Global: Wood Pellet (Combined Heat and Power-CHP) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 20: Global: Wood Pellet (Combined Heat and Power-CHP) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 21: Global: Wood Pellet (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 22: Global: Wood Pellet (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 23: North America: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 24: North America: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 25: United States: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 26: United States: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 27: Canada: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 28: Canada: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 29: Asia-Pacific: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 30: Asia-Pacific: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 31: China: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 32: China: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 33: Japan: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 34: Japan: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 35: India: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 36: India: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 37: South Korea: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 38: South Korea: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 39: Australia: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 40: Australia: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 41: Indonesia: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 42: Indonesia: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 43: Others: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 44: Others: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 45: Europe: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 46: Europe: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 47: Germany: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 48: Germany: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 49: France: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 50: France: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 51: United Kingdom: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 52: United Kingdom: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 53: Italy: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 54: Italy: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 55: Spain: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 56: Spain: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 57: Russia: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 58: Russia: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 59: Others: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 60: Others: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 61: Latin America: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 62: Latin America: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 63: Brazil: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 64: Brazil: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 65: Mexico: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 66: Mexico: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 67: Others: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 68: Others: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 69: Middle East and Africa: Wood Pellet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 70: Middle East and Africa: Wood Pellet Market: Breakup by Country (in %), 2023
• Figure 71: Middle East and Africa: Wood Pellet Market Forecast: Sales Value (in Million US$), 2024-2032
• 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, 2023 and 2032
• Table 2: Global: Wood Pellet Market Forecast: Breakup by Feedstock Type (in Million US$), 2024-2032
• Table 3: Global: Wood Pellet Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 4: Global: Wood Pellet Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 5: Global: Wood Pellet Market: Competitive Structure
• Table 6: Global: Wood Pellet Market: Key Players

The global wood pellet market size reached US$ 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032. The increasing demand for renewable energy sources, government initiatives promoting sustainable practices, rising awareness of carbon emissions reduction, growing biomass power generation, and the versatility of wood pellets in residential and industrial applications are influencing the market growth.

Wood Pellet Market Analysis:

Market Growth and Size: The global wood pellet market has experienced substantial growth, driven by increasing demand for renewable energy and environmental sustainability. The market size continues to expand, fueled by the adoption of wood pellets across residential, commercial, and industrial applications.

Major Market Drivers: Key drivers include the global shift towards renewable energy, government initiatives promoting biomass utilization, environmental concerns, and technological advancements in wood pellet production. The versatility of wood pellet feedstock types, such as forest wood, waste, and agricultural residue, contributes to sustained market demand.

Technological Advancements: Ongoing technological innovations enhance production efficiency, resulting in increased capacity and cost-effectiveness. Besides this, significant advancements in combustion technologies and pellet manufacturing processes, like torrefaction, improve the overall quality and performance of wood pellets.

Industry Applications: Wood pellets find applications across residential heating, commercial heating, power plants, and combined heat and power (CHP) systems. Versatile uses in various sectors, including industrial processes and district heating, contribute to the market's widespread adoption.

Key Market Trends: Key trends include the utilization of diverse feedstock types, such as agriculture residue and waste, supporting sustainability and resilience in the supply chain. Additionally, the market sees a rising interest in advanced combustion technologies and torrefaction processes for improved efficiency.

Geographical Trends: Europe leads the wood pellet market, driven by stringent environmental regulations, government incentives, and a strong commitment to renewable energy. Besides this, North America, Asia Pacific, Latin America, and the Middle East, and Africa exhibit varying trends, influenced by regional energy needs, biomass resources, and government policies.

Competitive Landscape: Established players dominate the market, leveraging extensive production capacities and distribution networks. Moreover, regional players gain prominence through localized production, contributing to a dynamic competitive landscape.

Challenges and Opportunities: Challenges include ensuring a sustainable and diversified feedstock supply, addressing environmental concerns, and navigating regulatory complexities. On the other hand, continuous technological advancements, expanding application areas, and tapping into emerging markets with supportive policies and growing energy demands are presenting remunerative growth opportunities for the market.

Wood Pellet Market Trends:

Increasing demand for renewable energy

One of the primary factors propelling the global wood pellet market is the escalating demand for renewable energy sources. As the world faces the challenges of climate change and strives to reduce carbon emissions, there is a growing emphasis on transitioning from fossil fuels to cleaner alternatives. Wood pellets serve as a viable solution due to their renewable nature. Besides this, these pellets are typically made from compressed biomass, such as sawdust and wood shavings, making them a sustainable energy source. Moreover, the renewable energy sector, including bioenergy derived from wood pellets, has gained traction as nations seek to diversify their energy mix and achieve carbon neutrality goals, creating a positive outlook for market expansion.

Government initiatives and policies

The implementation of favorable government policies plays a crucial role in bolstering the growth of the wood pellet market. Many countries are actively promoting the use of wood pellets as part of their renewable energy strategies. The availability of supportive subsidies, incentives, and favorable regulations encouraging both producers and consumers to adopt wood pellets are contributing to the market expansion. Concurrent with this, governments often set renewable energy targets and implement measures to reduce dependence on non-renewable energy sources, providing an impetus to the market growth. Additionally, the introduction of policies addressing waste management and deforestation encouraging the utilization of wood residues and sustainable forestry practices in wood pellet production are aiding in market expansion.

Escalating environmental concerns

The rising environmental concerns about climate change and air quality combined with the growing awareness of the need to shift to cleaner energy sources is presenting lucrative opportunities for market expansion. Wood pellets offer a carbon-neutral alternative to fossil fuels, as the carbon dioxide released during combustion is offset by the carbon absorbed during the growth of the biomass. This carbon neutrality makes wood pellets an attractive option for environmentally-conscious consumers and industries. Furthermore, the increasing use of wood pellets to reduce dependence on finite fossil fuel resources and minimize air pollutants associated with traditional combustion, contributing to improved air quality and overall environmental sustainability is impelling the market growth.

Ongoing technological advancements

Significant technological advancements have played a pivotal role in enhancing the efficiency and viability of the wood pellet market. Innovations in pellet manufacturing processes, such as improved pelletizing machinery and automation, have led to increased production capacity and cost-effectiveness. In confluence with this, continuous advancements in technologies facilitating the development of high-quality pellets with consistent energy content, making them more attractive for various applications, including residential heating, industrial processes, and power generation are aiding in market expansion. Moreover, extensive research and development (R&D) in pellet combustion technologies have resulted in cleaner and more efficient burning, addressing concerns related to emissions and promoting the wider adoption of wood pellets as a mainstream energy source, thereby propelling the market forward.

Wood Pellet Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on feedstock type and application.

Breakup by Feedstock Type:

Forest Wood and Waste

Agriculture Residue

Others

Forest wood and waste accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the feedstock type. This includes forest wood and waste, agriculture residue, and others. According to the report, forest wood and waste represented the largest segment.

Forest wood, sourced from sustainable forestry practices, assures a renewable and abundant supply, which is acting as a key factor prompting its adoption as a feedstock type. In line with this, the increasing use of waste materials like sawdust and wood shavings to address environmental concerns and promote circular economy principles is driving the popularity of waste as a feedstock. This dual approach ensures a diversified and eco-friendly feedstock base, aligning with global initiatives for responsible resource management and sustainable biomass utilization, which is further contributing to the market expansion.

Moreover, the surging demand for wood pellets from agriculture residue is driven by its role in utilizing crop residues efficiently, providing an alternative to traditional agricultural waste disposal while contributing to renewable energy goals.

Besides this, the increasing utilization of other feedstock types, such as industrial residues and dedicated energy crops, offering flexibility in sourcing materials and supporting the sustainability of the wood pellet industry is providing an impetus to the market.

Breakup by Application:

Power Plants

Residential Heating

Commercial Heating

Combined Heat and Power (CHP)

Others

Residential heating holds the largest share in the market

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes power plants, residential heating, commercial heating, combined heat and power (CHP), and others. According to the report, residential heating accounted for the largest market share.

The rising desire for cleaner and sustainable energy sources is one of the main factors driving the demand for wood pellets in residential heating as they serve as a convenient and eco-friendly alternative to traditional fossil fuels for heating homes. In addition to this, the increasing focus on reducing carbon footprints and achieving energy efficiency in residential spaces has led to increased adoption of wood pellets for heating applications, contributing to the expansion of the global wood pellet market in the residential sector.

Concurrently, the global push for a sustainable and renewable energy source, reducing dependence on conventional fuels, and promoting environmentally conscious electricity generation are fueling the utilization of wood pellets in power plants.

In line with this, the expanding product adoption in commercial heating as a cleaner and cost-effective solution, aligning with corporate sustainability goals is acting as another significant growth-inducing factor.

Furthermore, the growing application of wood pellets in combined heat and power (CHP) systems to optimize energy efficiency by simultaneously generating electricity and useful heat is strengthening the market growth.

Breakup by Region:

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

Europe leads the market, accounting for the largest wood pellet market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share.

Europe's commitment to renewable energy and carbon neutrality is boosting the demand for wood pellets in the region. Along with this, the implementation of stringent environmental regulations, coupled with government incentives and ambitious renewable energy targets, have propelled the use of wood pellets for heating and power generation, bolstering the market expansion. Moreover, Europe's focus on reducing greenhouse gas (GHG) emissions and transitioning away from fossil fuels has led to a significant market demand for wood pellets, making it a key player in the global wood pellet industry.

Apart from this, the surging demand for wood pellets in North America propelled by increasing awareness of renewable energy and a transition away from conventional fuels is influencing the market expansion. Furthermore, the region's abundant biomass resources and supportive policies are contributing to the market growth.

Concurrent with this, the expanding demand for wood pellets in the Asia Pacific driven by growing energy needs, environmental concerns, and government initiatives promoting sustainable practices is creating a favorable outlook for market expansion.

Additionally, Latin America's vast agricultural and forestry resources, while the surging need for diversified and sustainable energy sources in the Middle East and Africa is presenting remunerative opportunities for market growth.

Leading Key Players in the Wood Pellet Industry:

The competitive landscape of the global wood pellet market is characterized by a mix of established players and emerging entrants. Key industry participants leverage extensive production capacities and strong distribution networks. These companies often focus on strategic collaborations, mergers, and acquisitions to enhance their market presence and diversify their product portfolios. Additionally, stringent quality standards and sustainability certifications play a crucial role, prompting market players to invest in advanced production technologies to ensure consistent pellet quality. The market is dynamic, with regional players gaining prominence through localized production and distribution. Innovations in pellet manufacturing processes, such as torrefaction and advanced combustion technologies, further contribute to competitive advantages.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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

Tanac S.A.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

In May 2023, Andritz AG introduced a range of new and proven technologies, such as the world's first autonomous logyard crane, the ANDRITZ PM30-6 pellet mill designed for biomass, and an adjustable plug screw feeder.

In January 2023, Andritz AG announced its collaboration with Stora Enso Oyj to deliver an integrated solution for the conversion of the Oulu pulp and paper mill in Finland, including a new debarking line with Smart Wood Processing, an EcoFluid biomass power boiler, and recausticizing plant upgrades.

In November 2021, Lignetics Inc. announced it had been acquired by EagleTree Capital, acting on behalf of its private equity fund, EagleTree Partners V.

Key Questions Answered in This Report

• 1. What was the size of the global wood pellet market in 2023?
• 2. What is the expected growth rate of the global wood pellet market during 2024-2032?
• 3. What are the key factors driving the global wood pellet market?
• 4. What has been the impact of COVID-19 on the global wood pellet market?
• 5. What is the breakup of the global wood pellet market based on the feedstock type?
• 6. What is the breakup of the global wood pellet market based on the application?
• 7. What are the key regions in the global wood pellet market?
• 8. Who are the key players/companies in the global wood pellet market?

Table of Contents

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