DUBLIN, 31 January 2023 /PRNewswire/ — The “Global Wood Pellet Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets.com’s offer
The Global Wood Pellet Market was valued 11.622 billion US dollars in 2020 and is expected to be in a CAGR of 14.49% during the forecast period to reach the total market size 29.964 billion US dollars in the year 2027.
Tree leaves are renewable energy carriers. These are produced from dust or other ground wood material. According to international standards, the product requirements for energy density, moisture, vibration resistance, particle size, and shape of wood pellets are defined, which turns the wood leaves into a material. Thus, standardized wood sheets offer promising properties for mass production.
With the increase in the production of wood pellets, there is a significant increase in the trade flow of wood pellets worldwide. There are various applications of wood pellets that increase their demand worldwide. For example, wood pellets are widely used in the domestic heating sector as a solid biofuel in automatic stoves and boilers. Wood chips reduce greenhouse gas (GHG) emissions from electricity production when co-burned in coal-fired power plants. Industrial wood pellets are used in power plants as a substitute for coal while premium pellets are used in pellet boilers and pellet stoves for heating.
Wood chips have emerged as a viable and promising renewable energy source as a substitute for coal, especially in europe and North America. The pellet market has witnessed tremendous growth worldwide in the past few years, with increasing demand for both industrial applications in large power plants and small applications in residential heating systems.
Because of their low carbon footprints, the market for wood pellets is very attractive. Thus, growing concerns about environmental sustainability across the globe is the major factor behind the growing demand for wood pellets, which is driving the growth of the global market.
Governments from various countries, as well as global organizations, are constantly taking the necessary steps and measures to achieve their stated goal of reducing their carbon footprint or greenhouse gas (GHG) emissions. The limited availability of non-renewable resources and their negative impact on the environment has made it necessary for the world economy to switch to alternative energy sources without harming the environment. Governments around the world have set their goals to move towards different renewable energy sources.
AustriaFor example, its goal is to obtain 100 percent renewable electricity by 2030. France has pledged to reduce greenhouse gas (GHG) emissions and become ‘carbon-neutral’ by 2050 under the 2015 Paris Climate Agreement. Philippines pledged to reduce carbon emissions from the transport, energy, waste, forestry and industry sectors by 70 percent by 2030.
Increasing environmental concerns about greenhouse gas (GHG) emissions in various countries have made biomass fuels popular. In recent years, there has been significant progress in logistics and combustion technology developments, which has fueled the growth of the global wood pellet market.
The use of wood pellets as fuel for heating homes and electric boilers has gained widespread acceptance, especially in the European region. Easy availability of raw materials such as wood and sawdust, along with low cost of production, are some of the factors that are also contributing to the strong demand for wood chips, thus driving market growth.
Global wood pellets market players are actively engaged in R&D activities to increase the efficiency of the wood pellet production process and gain a competitive edge over their competitors. Thus, new and improved designs for pellet mills are being developed to obtain high output with optimum fuel input. In addition, extensive research is being done to produce wood pellets with a high calorific value from available waste. All these factors are expected to fuel the growth of the global wood pellets market over the next five years.
europe It is the largest consumer and the largest producer of wood pellets
Geographically, the global wood pellet market is segmented into five major regional markets- North America, South America, europe, middle east and Africa (MEA), and Asia Pacific (APAC). In 2019, europe The largest share of the global wood pellet market According to the USDA (United States Department of Agriculture) Global Agricultural Information Network, the European Union (European Union) produced an estimated 27.35 million metric tons of wood pellets in 2018. consumed, from 24.15 million tons last year.
Major market players in the global wood pellet market are German Pellets GmbH, Pinnacle Renewable Energy Inc, Energex, Enviva LP, Wood & Sons, Drax Group plc, AS Graanul Invest, AVPGroup, Lignetics, Canfor, Stora Enso, Svenska Cellulosa CA Aktiebolaget. (publ), Brookridge Group, and PIVETEAUBOIS.
These companies hold a significant market share due to their good brand image and product offerings. Key players in the global Wood Pellet market along with their competitive positions and strategies are covered. The report also mentions recent deals and investments by various market players over the last two years.
Main topics covered:
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Drivers Market
4.2. Market Limits
4.3. Porter’s Five Forces Analysis
4.3.1. Marketing Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. New Spring Threat
4.3.4. Substitute threat
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. GLOBAL WOOD PELLET MARKET BY APPLICATION
6. GLOBAL WOOD PELLET MARKET BY FINAL RESPONSE
6.3. Residential and Commercial
7. GLOBAL WOOD PELLET MARKET BY GEOGRAPHY
8. ENVIRONMENT AND ANALYSIS OF THE COMPETITION
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Success
8.3. Mergers, Acquisitions, Agreements, and Partnerships
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. German Pellets GmbH
9.2. Pinnacle Renewable Energy Inc
9.4. Enviva LP
9.5. Wood & Sons
9.6. Drax Group plc
9.7. AS Graanul Invest
9.11. Stora Enso
9.12. Svenska Cellulosa Aktiebolaget SCA (publ)
9.13. The Brookridge Group
For more information on this report visit https://www.researchandmarkets.com/r/bifuvi-wood?w=5
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SOURCE Research and Markets