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木質ペレット市場の2030年までの予測:原料、フレーバー、用途、エンドユーザー、地域別の世界分析

Wood Pellets Market Forecasts to 2030 - Global Analysis By Feedstock, Flavor, Application, End User and by Geography


出版日
ページ情報
英文 200+ Pages
納期
2~3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=143.57円
木質ペレット市場の2030年までの予測:原料、フレーバー、用途、エンドユーザー、地域別の世界分析
出版日: 2025年01月01日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2~3営業日
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  • 概要
  • 図表
  • 目次
概要

Stratistics MRCによると、世界の木質ペレット市場は2024年に96億4,000万米ドルを占め、2030年には154億7,000万米ドルに達すると予測され、予測期間中のCAGRは8.2%で成長する見込みです。

木質ペレットは、再生可能で持続可能なエネルギー源であり、おがくずや木くずを圧縮して作られます。この小さな円筒形のペレットは、産業施設での発電にますます使用されるようになっており、ボイラーやストーブなどの暖房システムでバイオ燃料として広く使われています。さらに、大きさが均一で、エネルギー密度が高く、含水率が低いため、貯蔵、輸送、燃焼に効果的です。

バイオエネルギー・欧州によると、EUでは2022年に2,050万トン以上の木質ペレットが生産され、ドイツ、スウェーデン、ラトビアなどの国が大きく貢献しています。

再生可能エネルギーへの注目の高まり

気候変動対策と化石燃料依存からの脱却が急務となっているため、世界的に再生可能エネルギーへの注目が高まっています。木質ペレットは、石炭・天然ガス・石油に比べて温室効果ガスの排出を大幅に削減できるため、持続可能なバイオエネルギー源として注目されています。木質ペレットは、パリ協定のような世界の合意で定められたネットゼロエミッションの目標を達成するために不可欠です。さらに、熱電併給(CHP)プラント、産業用発電、住宅暖房への適応性が、クリーンエネルギー源としての地位を強化しています。

生産と輸送にかかる高い費用

木質ペレットは環境に優しいエネルギー源だが、その製造には乾燥、粉砕、圧縮、梱包など、多くのコストがかかります。製造過程では、高度な設備とエネルギー投入が必要となり、製造コストが上昇します。さらに、特に輸出の場合、輸送が全体のコスト構造に大きく寄与します。木質ペレットは化石燃料よりもエネルギー密度が低いため、より大量の輸送が必要となり、物流の困難さと経費が増大します。

発電用木質ペレットの利用拡大

石炭火力発電所から再生可能エネルギー発電への移行が進んでいるため、産業規模の発電における木質ペレット市場には多くの機会があります。木質ペレットを石炭と混焼することは、韓国、日本、英国のような国々で一般的になりつつあります。化石燃料への依存を減らし、エネルギーシステムを脱炭素化するという世界の動向が、この動向の原動力となっています。さらに、特に欧州とアジアでは、特殊なバイオマス発電所の建設によって、木質ペレットの需要に新たな機会が生まれつつあります。

再生可能エネルギーの新技術との競合

木質ペレット市場は、太陽光、風力、高度な蓄電池システムといった代替再生可能エネルギーの急速な市場開拓によって深刻な脅威にさらされています。これらの代替エネルギーは、より拡張性があり持続可能で、維持費が少なくて済み、運転経費も少なくて済むと考えられています。例えば、風力タービンや太陽光発電システムは、そのコスト低下により、住宅用・商業用ともに競争力を増しています。さらに、政府や消費者がこうした技術をますます受け入れるようになると、木質ペレットは再生可能エネルギー源としての魅力を失う危険性があります。

COVID-19の影響:

規制と労働力不足により、COVID-19の大流行は生産と物流に一時的な遅れをもたらし、サプライチェーンを混乱させました。しかし、再生可能エネルギープロジェクトを支援する政府の景気刺激策や、パンデミック時に持続可能エネルギーが重視されたことが、重要な市場での需要維持に役立った。人々が家庭で過ごす時間が長くなったため、住宅暖房は増加したが、製造業やエネルギー関連事業が減少した結果、工業用需要は一時的に減少しました。輸出依存地域にとっては、出荷の遅れや貿易政策の変化が課題となったが、各国政府が引き続きグリーンエネルギーへの取り組みを優先したため、市場は全体として回復力を示しました。

予測期間中、森林・木質廃棄物資源セグメントが最大となる見込み

おがくず、木材チップ、林業残渣のような豊富で持続可能な原料供給が可能なため、森林・木材廃棄物資源セグメントは木質ペレットの最大市場シェアを占めています。廃棄物の削減と循環型経済の推進が世界的に注目されていることは、このセグメントにとって有利です。さらに、以前は捨てられたり燃やされたりしていた林業製品別が、エネルギー生産用の木質ペレットに効果的に変換されることで、環境への影響が軽減されつつあります。木質ペレット市場での優位性は、森林・木質廃棄物の高いエネルギー密度と低い処理コストによって支えられています。

林檎木質ペレット分野は予測期間中最も高いCAGRが見込まれます。

消費者の間でグリルや燻製に使用する魅力が高まっているため、リンゴの木質ペレット分野は木質ペレット市場で最も高いCAGRが見込まれます。リンゴの木から作られたペレットは、様々な食品、特に魚介類、豚肉、鶏肉にほのかな甘みとフルーティーな風味を加えることができるため、好まれています。この市場は、屋外での調理やバーベキューの人気の高まりと、特殊で高級な木質ペレットのニーズの高まりによって拡大しています。さらに、リンゴの木質ペレットの採用は、北米や欧州のような地域で消費者層が拡大し、グルメ料理や風味の実験が盛んになっていることも後押ししています。

最大のシェアを持つ地域:

厳しい環境規制と再生可能エネルギーへの強いコミットメントにより、欧州地域が木質ペレット市場で最大のシェアを占めると予想されます。温室効果ガス排出量削減努力の一環として、英国、ドイツ、スウェーデン、デンマークなどの国々は、暖房と発電に木質ペレットの使用を大幅に拡大しています。欧州連合の再生可能エネルギー指令(RED)やバイオマスエネルギー事業への補助金によって、木質ペレットの採用はさらに加速しています。

CAGRが最も高い地域:

木質ペレット市場は、再生可能エネルギーへの需要の高まりと環境に優しい暖房方法の重視の高まりにより、アジア太平洋地域で最も高いCAGRで成長すると予想されます。木質ペレットは、石炭や他の化石燃料への依存を減らす努力の一環として、中国、日本、韓国などの国々で急速に採用されています。バイオマスエネルギー産業は、中国の環境汚染対策や日本のカーボンニュートラル目標達成に向けた取り組みの結果、大きく拡大しています。さらに、この地域の市場は、寒冷地での住宅暖房用木質ペレットの需要の高まりと、製品の環境面での利点に対する意識の高まりにより、急速に成長しています。

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  • 企業プロファイル
    • 追加市場企業の包括的プロファイリング(3社まで)
    • 主要企業のSWOT分析(3社まで)
  • 地域セグメンテーション
    • 顧客の関心に応じた主要国の市場推計・予測・CAGR(注:フィージビリティチェックによる)
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    • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

  • 概要
  • ステークホルダー
  • 調査範囲
  • 調査手法
    • データマイニング
    • データ分析
    • データ検証
    • 調査アプローチ
  • 調査情報源
    • 1次調査情報源
    • 2次調査情報源
    • 前提条件

第3章 市場動向分析

  • 促進要因
  • 抑制要因
  • 機会
  • 脅威
  • 用途分析
  • エンドユーザー分析
  • 新興市場
  • COVID-19の影響

第4章 ポーターのファイブフォース分析

  • 供給企業の交渉力
  • 買い手の交渉力
  • 代替品の脅威
  • 新規参入業者の脅威
  • 競争企業間の敵対関係

第5章 世界の木質ペレット市場:原料別

  • 森林および木材廃棄物資源
  • 農業残渣および廃棄物
  • 食品廃棄物
  • バージンランバー
  • エネルギー作物

第6章 世界の木質ペレット市場:フレーバー別

  • ヒッコリー木質ペレット
  • ピーカン木質ペレット
  • アップル木質ペレット
  • チェリー木質ペレット
  • メスキート木質ペレット

第7章 世界の木質ペレット市場:用途別

  • 加熱
  • 発電
  • 熱電併給発電(CHP)

第8章 世界の木質ペレット市場:エンドユーザー別

  • 住宅
  • 商業
  • 産業

第9章 世界の木質ペレット市場:地域別

  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • イタリア
    • フランス
    • スペイン
    • その他欧州
  • アジア太平洋
    • 日本
    • 中国
    • インド
    • オーストラリア
    • ニュージーランド
    • 韓国
    • その他アジア太平洋地域
  • 南米
    • アルゼンチン
    • ブラジル
    • チリ
    • その他南米
  • 中東・アフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • カタール
    • 南アフリカ
    • その他中東とアフリカ

第10章 主な発展

  • 契約、パートナーシップ、コラボレーション、合弁事業
  • 買収と合併
  • 新製品発売
  • 事業拡大
  • その他の主要戦略

第11章 企業プロファイリング

  • Andritz AG
  • Georgia Biomass, LLC
  • Lignetics Inc.
  • Drax Group PLC
  • Groupe Savoie Inc.
  • Wood Pellet Energy(UK)Ltd.
  • Fram Renewable Fuels LLC
  • Vermont Wood Pellet Company
  • Highland Pellets LLC
  • Energex
  • Pinnacle Renewable Energy Group
  • Mallard Creek Inc.
  • Enviva LP
  • I.C.S.(Lacroix)Lumber Inc.
  • Sinclar Group Forest Products
図表

List of Tables

  • Table 1 Global Wood Pellets Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Wood Pellets Market Outlook, By Feedstock (2022-2030) ($MN)
  • Table 3 Global Wood Pellets Market Outlook, By Forest and Wood Waste Resources (2022-2030) ($MN)
  • Table 4 Global Wood Pellets Market Outlook, By Agricultural Residue and Waste (2022-2030) ($MN)
  • Table 5 Global Wood Pellets Market Outlook, By Food Waste (2022-2030) ($MN)
  • Table 6 Global Wood Pellets Market Outlook, By Virgin Lumber (2022-2030) ($MN)
  • Table 7 Global Wood Pellets Market Outlook, By Energy Crops (2022-2030) ($MN)
  • Table 8 Global Wood Pellets Market Outlook, By Flavor (2022-2030) ($MN)
  • Table 9 Global Wood Pellets Market Outlook, By Hickory Wood Pellets (2022-2030) ($MN)
  • Table 10 Global Wood Pellets Market Outlook, By Pecan Wood Pellets (2022-2030) ($MN)
  • Table 11 Global Wood Pellets Market Outlook, By Apple Wood Pellets (2022-2030) ($MN)
  • Table 12 Global Wood Pellets Market Outlook, By Cherry Wood Pellets (2022-2030) ($MN)
  • Table 13 Global Wood Pellets Market Outlook, By Mesquite Wood Pellets (2022-2030) ($MN)
  • Table 14 Global Wood Pellets Market Outlook, By Application (2022-2030) ($MN)
  • Table 15 Global Wood Pellets Market Outlook, By Heating (2022-2030) ($MN)
  • Table 16 Global Wood Pellets Market Outlook, By Power Generation (2022-2030) ($MN)
  • Table 17 Global Wood Pellets Market Outlook, By Combined Heat & Power (CHP) (2022-2030) ($MN)
  • Table 18 Global Wood Pellets Market Outlook, By End User (2022-2030) ($MN)
  • Table 19 Global Wood Pellets Market Outlook, By Residential (2022-2030) ($MN)
  • Table 20 Global Wood Pellets Market Outlook, By Commercial (2022-2030) ($MN)
  • Table 21 Global Wood Pellets Market Outlook, By Industrial (2022-2030) ($MN)
  • Table 22 North America Wood Pellets Market Outlook, By Country (2022-2030) ($MN)
  • Table 23 North America Wood Pellets Market Outlook, By Feedstock (2022-2030) ($MN)
  • Table 24 North America Wood Pellets Market Outlook, By Forest and Wood Waste Resources (2022-2030) ($MN)
  • Table 25 North America Wood Pellets Market Outlook, By Agricultural Residue and Waste (2022-2030) ($MN)
  • Table 26 North America Wood Pellets Market Outlook, By Food Waste (2022-2030) ($MN)
  • Table 27 North America Wood Pellets Market Outlook, By Virgin Lumber (2022-2030) ($MN)
  • Table 28 North America Wood Pellets Market Outlook, By Energy Crops (2022-2030) ($MN)
  • Table 29 North America Wood Pellets Market Outlook, By Flavor (2022-2030) ($MN)
  • Table 30 North America Wood Pellets Market Outlook, By Hickory Wood Pellets (2022-2030) ($MN)
  • Table 31 North America Wood Pellets Market Outlook, By Pecan Wood Pellets (2022-2030) ($MN)
  • Table 32 North America Wood Pellets Market Outlook, By Apple Wood Pellets (2022-2030) ($MN)
  • Table 33 North America Wood Pellets Market Outlook, By Cherry Wood Pellets (2022-2030) ($MN)
  • Table 34 North America Wood Pellets Market Outlook, By Mesquite Wood Pellets (2022-2030) ($MN)
  • Table 35 North America Wood Pellets Market Outlook, By Application (2022-2030) ($MN)
  • Table 36 North America Wood Pellets Market Outlook, By Heating (2022-2030) ($MN)
  • Table 37 North America Wood Pellets Market Outlook, By Power Generation (2022-2030) ($MN)
  • Table 38 North America Wood Pellets Market Outlook, By Combined Heat & Power (CHP) (2022-2030) ($MN)
  • Table 39 North America Wood Pellets Market Outlook, By End User (2022-2030) ($MN)
  • Table 40 North America Wood Pellets Market Outlook, By Residential (2022-2030) ($MN)
  • Table 41 North America Wood Pellets Market Outlook, By Commercial (2022-2030) ($MN)
  • Table 42 North America Wood Pellets Market Outlook, By Industrial (2022-2030) ($MN)
  • Table 43 Europe Wood Pellets Market Outlook, By Country (2022-2030) ($MN)
  • Table 44 Europe Wood Pellets Market Outlook, By Feedstock (2022-2030) ($MN)
  • Table 45 Europe Wood Pellets Market Outlook, By Forest and Wood Waste Resources (2022-2030) ($MN)
  • Table 46 Europe Wood Pellets Market Outlook, By Agricultural Residue and Waste (2022-2030) ($MN)
  • Table 47 Europe Wood Pellets Market Outlook, By Food Waste (2022-2030) ($MN)
  • Table 48 Europe Wood Pellets Market Outlook, By Virgin Lumber (2022-2030) ($MN)
  • Table 49 Europe Wood Pellets Market Outlook, By Energy Crops (2022-2030) ($MN)
  • Table 50 Europe Wood Pellets Market Outlook, By Flavor (2022-2030) ($MN)
  • Table 51 Europe Wood Pellets Market Outlook, By Hickory Wood Pellets (2022-2030) ($MN)
  • Table 52 Europe Wood Pellets Market Outlook, By Pecan Wood Pellets (2022-2030) ($MN)
  • Table 53 Europe Wood Pellets Market Outlook, By Apple Wood Pellets (2022-2030) ($MN)
  • Table 54 Europe Wood Pellets Market Outlook, By Cherry Wood Pellets (2022-2030) ($MN)
  • Table 55 Europe Wood Pellets Market Outlook, By Mesquite Wood Pellets (2022-2030) ($MN)
  • Table 56 Europe Wood Pellets Market Outlook, By Application (2022-2030) ($MN)
  • Table 57 Europe Wood Pellets Market Outlook, By Heating (2022-2030) ($MN)
  • Table 58 Europe Wood Pellets Market Outlook, By Power Generation (2022-2030) ($MN)
  • Table 59 Europe Wood Pellets Market Outlook, By Combined Heat & Power (CHP) (2022-2030) ($MN)
  • Table 60 Europe Wood Pellets Market Outlook, By End User (2022-2030) ($MN)
  • Table 61 Europe Wood Pellets Market Outlook, By Residential (2022-2030) ($MN)
  • Table 62 Europe Wood Pellets Market Outlook, By Commercial (2022-2030) ($MN)
  • Table 63 Europe Wood Pellets Market Outlook, By Industrial (2022-2030) ($MN)
  • Table 64 Asia Pacific Wood Pellets Market Outlook, By Country (2022-2030) ($MN)
  • Table 65 Asia Pacific Wood Pellets Market Outlook, By Feedstock (2022-2030) ($MN)
  • Table 66 Asia Pacific Wood Pellets Market Outlook, By Forest and Wood Waste Resources (2022-2030) ($MN)
  • Table 67 Asia Pacific Wood Pellets Market Outlook, By Agricultural Residue and Waste (2022-2030) ($MN)
  • Table 68 Asia Pacific Wood Pellets Market Outlook, By Food Waste (2022-2030) ($MN)
  • Table 69 Asia Pacific Wood Pellets Market Outlook, By Virgin Lumber (2022-2030) ($MN)
  • Table 70 Asia Pacific Wood Pellets Market Outlook, By Energy Crops (2022-2030) ($MN)
  • Table 71 Asia Pacific Wood Pellets Market Outlook, By Flavor (2022-2030) ($MN)
  • Table 72 Asia Pacific Wood Pellets Market Outlook, By Hickory Wood Pellets (2022-2030) ($MN)
  • Table 73 Asia Pacific Wood Pellets Market Outlook, By Pecan Wood Pellets (2022-2030) ($MN)
  • Table 74 Asia Pacific Wood Pellets Market Outlook, By Apple Wood Pellets (2022-2030) ($MN)
  • Table 75 Asia Pacific Wood Pellets Market Outlook, By Cherry Wood Pellets (2022-2030) ($MN)
  • Table 76 Asia Pacific Wood Pellets Market Outlook, By Mesquite Wood Pellets (2022-2030) ($MN)
  • Table 77 Asia Pacific Wood Pellets Market Outlook, By Application (2022-2030) ($MN)
  • Table 78 Asia Pacific Wood Pellets Market Outlook, By Heating (2022-2030) ($MN)
  • Table 79 Asia Pacific Wood Pellets Market Outlook, By Power Generation (2022-2030) ($MN)
  • Table 80 Asia Pacific Wood Pellets Market Outlook, By Combined Heat & Power (CHP) (2022-2030) ($MN)
  • Table 81 Asia Pacific Wood Pellets Market Outlook, By End User (2022-2030) ($MN)
  • Table 82 Asia Pacific Wood Pellets Market Outlook, By Residential (2022-2030) ($MN)
  • Table 83 Asia Pacific Wood Pellets Market Outlook, By Commercial (2022-2030) ($MN)
  • Table 84 Asia Pacific Wood Pellets Market Outlook, By Industrial (2022-2030) ($MN)
  • Table 85 South America Wood Pellets Market Outlook, By Country (2022-2030) ($MN)
  • Table 86 South America Wood Pellets Market Outlook, By Feedstock (2022-2030) ($MN)
  • Table 87 South America Wood Pellets Market Outlook, By Forest and Wood Waste Resources (2022-2030) ($MN)
  • Table 88 South America Wood Pellets Market Outlook, By Agricultural Residue and Waste (2022-2030) ($MN)
  • Table 89 South America Wood Pellets Market Outlook, By Food Waste (2022-2030) ($MN)
  • Table 90 South America Wood Pellets Market Outlook, By Virgin Lumber (2022-2030) ($MN)
  • Table 91 South America Wood Pellets Market Outlook, By Energy Crops (2022-2030) ($MN)
  • Table 92 South America Wood Pellets Market Outlook, By Flavor (2022-2030) ($MN)
  • Table 93 South America Wood Pellets Market Outlook, By Hickory Wood Pellets (2022-2030) ($MN)
  • Table 94 South America Wood Pellets Market Outlook, By Pecan Wood Pellets (2022-2030) ($MN)
  • Table 95 South America Wood Pellets Market Outlook, By Apple Wood Pellets (2022-2030) ($MN)
  • Table 96 South America Wood Pellets Market Outlook, By Cherry Wood Pellets (2022-2030) ($MN)
  • Table 97 South America Wood Pellets Market Outlook, By Mesquite Wood Pellets (2022-2030) ($MN)
  • Table 98 South America Wood Pellets Market Outlook, By Application (2022-2030) ($MN)
  • Table 99 South America Wood Pellets Market Outlook, By Heating (2022-2030) ($MN)
  • Table 100 South America Wood Pellets Market Outlook, By Power Generation (2022-2030) ($MN)
  • Table 101 South America Wood Pellets Market Outlook, By Combined Heat & Power (CHP) (2022-2030) ($MN)
  • Table 102 South America Wood Pellets Market Outlook, By End User (2022-2030) ($MN)
  • Table 103 South America Wood Pellets Market Outlook, By Residential (2022-2030) ($MN)
  • Table 104 South America Wood Pellets Market Outlook, By Commercial (2022-2030) ($MN)
  • Table 105 South America Wood Pellets Market Outlook, By Industrial (2022-2030) ($MN)
  • Table 106 Middle East & Africa Wood Pellets Market Outlook, By Country (2022-2030) ($MN)
  • Table 107 Middle East & Africa Wood Pellets Market Outlook, By Feedstock (2022-2030) ($MN)
  • Table 108 Middle East & Africa Wood Pellets Market Outlook, By Forest and Wood Waste Resources (2022-2030) ($MN)
  • Table 109 Middle East & Africa Wood Pellets Market Outlook, By Agricultural Residue and Waste (2022-2030) ($MN)
  • Table 110 Middle East & Africa Wood Pellets Market Outlook, By Food Waste (2022-2030) ($MN)
  • Table 111 Middle East & Africa Wood Pellets Market Outlook, By Virgin Lumber (2022-2030) ($MN)
  • Table 112 Middle East & Africa Wood Pellets Market Outlook, By Energy Crops (2022-2030) ($MN)
  • Table 113 Middle East & Africa Wood Pellets Market Outlook, By Flavor (2022-2030) ($MN)
  • Table 114 Middle East & Africa Wood Pellets Market Outlook, By Hickory Wood Pellets (2022-2030) ($MN)
  • Table 115 Middle East & Africa Wood Pellets Market Outlook, By Pecan Wood Pellets (2022-2030) ($MN)
  • Table 116 Middle East & Africa Wood Pellets Market Outlook, By Apple Wood Pellets (2022-2030) ($MN)
  • Table 117 Middle East & Africa Wood Pellets Market Outlook, By Cherry Wood Pellets (2022-2030) ($MN)
  • Table 118 Middle East & Africa Wood Pellets Market Outlook, By Mesquite Wood Pellets (2022-2030) ($MN)
  • Table 119 Middle East & Africa Wood Pellets Market Outlook, By Application (2022-2030) ($MN)
  • Table 120 Middle East & Africa Wood Pellets Market Outlook, By Heating (2022-2030) ($MN)
  • Table 121 Middle East & Africa Wood Pellets Market Outlook, By Power Generation (2022-2030) ($MN)
  • Table 122 Middle East & Africa Wood Pellets Market Outlook, By Combined Heat & Power (CHP) (2022-2030) ($MN)
  • Table 123 Middle East & Africa Wood Pellets Market Outlook, By End User (2022-2030) ($MN)
  • Table 124 Middle East & Africa Wood Pellets Market Outlook, By Residential (2022-2030) ($MN)
  • Table 125 Middle East & Africa Wood Pellets Market Outlook, By Commercial (2022-2030) ($MN)
  • Table 126 Middle East & Africa Wood Pellets Market Outlook, By Industrial (2022-2030) ($MN)
目次
Product Code: SMRC28275

According to Stratistics MRC, the Global Wood Pellets Market is accounted for $9.64 billion in 2024 and is expected to reach $15.47 billion by 2030 growing at a CAGR of 8.2% during the forecast period. Wood pellets are a renewable and sustainable source of energy made from compressed sawdust and wood waste, often sourced from forestry residues and lumber processing. These tiny, cylindrical pellets are being used more and more for power generation in industrial facilities and are widely used as biofuel in heating systems, such as boilers and stoves. Moreover, they are effective for storage, transportation, and combustion due to their uniform size, high energy density, and low moisture content.

According to Bioenergy Europe, the European Union produced over 20.5 million tonnes of wood pellets in 2022, with significant contributions from countries like Germany, Sweden, and Latvia.

Market Dynamics:

Driver:

Growing attention to renewable energy

There is a growing global emphasis on renewable energy due to the pressing need to fight climate change and move away from reliance on fossil fuels. Since wood pellets can drastically cut greenhouse gas emissions when compared to coal, natural gas, or oil, they have become a popular sustainable bioenergy source. They are essential to reaching the net-zero emission goals set forth in global accords like the Paris Agreement. Furthermore, their adaptability to combined heat and power (CHP) plants, industrial power generation, and residential heating has strengthened their position as a clean energy source.

Restraint:

High expenses for production and transportation

Wood pellets are an environmentally friendly energy source, but making them requires a number of expensive procedures, such as drying, grinding, compressing, and packaging. During manufacturing, the need for sophisticated equipment and energy input can raise production costs. Additionally, especially for exports, transportation contributes significantly to the overall cost structure. Due to their lower energy density than fossil fuels, wood pellets require greater transportation volumes, which raise the logistical difficulties and expenses.

Opportunity:

Growing utilization of wood pellets for power production

The market for wood pellets in industrial-scale power generation has a lot of opportunities because of the increasing transition from coal-fired power plants to renewable energy sources. Co-firing wood pellets with coal is becoming more common in nations like South Korea, Japan, and the United Kingdom in an effort to cut emissions while making use of their current infrastructure. Global pledges to reduce reliance on fossil fuels and decarbonizes energy systems are the driving forces behind this trend. Furthermore, new opportunities for the demand for wood pellets are being created by the construction of specialized biomass power plants, especially in Europe and Asia.

Threat:

Competition from new technologies in renewable energy

The market for wood pellets is seriously threatened by the quick development of alternative renewable energy sources like solar, wind, and sophisticated battery storage systems. These substitutes are frequently thought to be more scalable and sustainable, require less upkeep, and have lower operating expenses. For instance, wind turbines and solar photovoltaic systems are now more competitive in both residential and commercial applications due to their declining costs. Moreover, wood pellets run the risk of becoming less appealing as a renewable energy source as governments and consumers embrace these technologies more and more.

Covid-19 Impact:

Due to restrictions and labor shortages, the COVID-19 pandemic caused temporary delays in production and logistics and disrupted supply chains, which had a mixed effect on the market for wood pellets. However, government stimulus packages that supported renewable energy projects and the heightened emphasis on sustainable energy during the pandemic helped maintain demand in important markets. As people spent more time at home, residential heating increased, but industrial demand temporarily declined as a result of fewer manufacturing and energy-related operations. The market showed resilience overall as governments continued to prioritize green energy initiatives, despite shipping delays and shifting trade policies posing challenges for export-reliant regions.

The Forest and Wood Waste Resources segment is expected to be the largest during the forecast period

Due to it offering a plentiful and sustainable supply of raw materials like sawdust, wood chips, and forestry residues, the Forest and Wood Waste Resources segment commands the largest market share for wood pellets. The global focus on waste reduction and the promotion of circular economy practices is advantageous to this segment. Moreover, the environmental impact of forestry by-products, which were previously thrown away or burned, is being lessened by their effective conversion into wood pellets for energy production. Its dominance in the wood pellets market is fueled by the high energy density and low processing costs of forest and wood waste, which make it a dependable and affordable source of raw materials.

The Apple Wood Pellets segment is expected to have the highest CAGR during the forecast period

Due to its growing appeal among consumers for use in grilling and smoking, the Apple Wood Pellets segment is anticipated to experience the highest CAGR in the wood pellets market. Pellets made from apple wood are preferred because they can add a subtle, sweet, and fruity flavor to a range of foods, especially seafood, pork, and poultry. This market is expanding as a result of the growing popularity of outdoor cooking and barbecuing as well as the rising need for specialty and premium wood pellets. Additionally, apple wood pellet adoption is also being aided by the growing consumer base in areas like North America and Europe, where gourmet cooking and flavor experimentation are becoming more popular.

Region with largest share:

Due to its strict environmental regulations and strong commitment to renewable energy, the European region is expected to hold the largest share of the wood pellets market. As part of their efforts to lower greenhouse gas emissions, nations like the UK, Germany, Sweden, and Denmark have greatly expanded their use of wood pellets for heating and power generation. Wood pellet adoption has been further accelerated by the Renewable Energy Directive (RED) of the European Union and subsidies for biomass energy projects.

Region with highest CAGR:

The market for wood pellets is anticipated to grow at the highest CAGR in the Asia-Pacific region due to rising demand for renewable energy sources and an increased emphasis on environmentally friendly heating options. Wood pellets are being quickly adopted by nations like China, Japan, and South Korea as part of their efforts to lessen their dependency on coal and other fossil fuels. The biomass energy industry is expanding significantly as a result of China's efforts to combat environmental pollution and Japan's drive to achieve its carbon-neutral targets. Moreover, the region's market is growing quickly due to the growing demand for wood pellets for residential heating in colder climates and rising awareness of the products' environmental advantages.

Key players in the market

Some of the key players in Wood Pellets market include Andritz AG, Georgia Biomass, LLC, Lignetics Inc., Drax Group PLC, Groupe Savoie Inc., Wood Pellet Energy (UK) Ltd. , Fram Renewable Fuels LLC, Vermont Wood Pellet Company, Highland Pellets LLC, Energex, Pinnacle Renewable Energy Group, Mallard Creek Inc., Enviva LP, I.C.S. (Lacroix) Lumber Inc. and Sinclar Group Forest Products.

Key Developments:

In September 2024, Drax Group PLC and Karbon-X Corp. are proud to announce the official launch of a new agreement to broker transactions in carbon offsets, building upon the successful Carbon Dioxide Removal (CDR) agreement established earlier this year to remove 25,000 tons of carbon dioxide from the atmosphere.

In March 2024, Enviva Inc. announced that it has entered into two Restructuring Support Agreements: one RSA with an ad hoc group of holders representing approximately 72% of its senior secured credit facility, approximately 95% of its 2026 senior notes, approximately 78% of bonds related to its Epes, Alabama plant currently under construction, and approximately 45% of bonds related to its greenfield project near Bond, Mississippi, and a second RSA with certain holders representing more than 92% of bonds related to the Bond project.

In October 2023, Highland Grenada LLC, an affiliate of Arkansas-based Highlands Pellets LLC, has recently announced its acquisition of a 144-acre former Georgia-Pacific OSB mill site in Grenada, Mississippi. The facility would be Grenada's inaugural green energy project and wood pellet producer.

Feedstocks Covered:

  • Forest and Wood Waste Resources
  • Agricultural Residue and Waste
  • Food Waste
  • Virgin Lumber
  • Energy Crops

Flavors Covered:

  • Hickory Wood Pellets
  • Pecan Wood Pellets
  • Apple Wood Pellets
  • Cherry Wood Pellets
  • Mesquite Wood Pellets

Applications Covered:

  • Heating
  • Power Generation
  • Combined Heat & Power (CHP)

End Users Covered:

  • Residential
  • Commercial
  • Industrial

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Wood Pellets Market, By Feedstock

  • 5.1 Introduction
  • 5.2 Forest and Wood Waste Resources
  • 5.3 Agricultural Residue and Waste
  • 5.4 Food Waste
  • 5.5 Virgin Lumber
  • 5.6 Energy Crops

6 Global Wood Pellets Market, By Flavor

  • 6.1 Introduction
  • 6.2 Hickory Wood Pellets
  • 6.3 Pecan Wood Pellets
  • 6.4 Apple Wood Pellets
  • 6.5 Cherry Wood Pellets
  • 6.6 Mesquite Wood Pellets

7 Global Wood Pellets Market, By Application

  • 7.1 Introduction
  • 7.2 Heating
  • 7.3 Power Generation
  • 7.4 Combined Heat & Power (CHP)

8 Global Wood Pellets Market, By End User

  • 8.1 Introduction
  • 8.2 Residential
  • 8.3 Commercial
  • 8.4 Industrial

9 Global Wood Pellets Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 Andritz AG
  • 11.2 Georgia Biomass, LLC
  • 11.3 Lignetics Inc.
  • 11.4 Drax Group PLC
  • 11.5 Groupe Savoie Inc.
  • 11.6 Wood Pellet Energy (UK) Ltd.
  • 11.7 Fram Renewable Fuels LLC
  • 11.8 Vermont Wood Pellet Company
  • 11.9 Highland Pellets LLC
  • 11.10 Energex
  • 11.11 Pinnacle Renewable Energy Group
  • 11.12 Mallard Creek Inc.
  • 11.13 Enviva LP
  • 11.14 I.C.S. (Lacroix) Lumber Inc.
  • 11.15 Sinclar Group Forest Products