
Wood Pellets Market
Wood Pellets - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Wood Pellets Market is accounted for $8.88 billion in 2019 and is expected to reach $21.21 billion by 2027 growing at a CAGR of 11.5% during the forecast period. Some of the key factors propelling the market growth include growing consciousness regarding the use of renewable energy sources for space heating in residential and commercial heating, rising financial incentives by several federal agencies, numerous favourable government policies, and the low cost of raw materials for making wood pellets. However, the high cost of a wood pellet stove is likely to hamper the market.
Wood pellet is a solid fuel which is manufactured by densifying and crushing waste wood including industrial by products such as old paper, forestry wastes, and forestry residues. It is a renewable, clean-burning and cost-effective option for home heating. Apart from heating and power generation, these pellets are also used for the horse bedding purpose.
By end user, the thermal energy (heat generation) segment witnessed a steady growth in the past decade owing to the rising cost of alternative heating fuels. Wood pellets combined with the right type of heating devices such as pellet boilers and pellet stove inserts can transform more than 90% of the energy contained in the fuel into usable heat. Further, usage of wood pellets for heating purposes also has very less effect on the environment since wood absorbs the same amount of carbon dioxide as emitted during the combustion process.
On the basis of geography, the demand for wood pellets in Asia Pacific is expected to witness a significant growth during the forecast period, due to the favorable government policies in Japan, China, and South Korea regarding power generation and CHP. Demand for renewable energy in the region is on the rise as the governments are seeking alternatives to fossil fuels in order to reduce carbon footprint and to ensure long term energy security. China is expected to be one of the key markets for wood pellets in the coming years. Rapidly growing population, insatiable demand for energy, rising pollution levels are some of the key factors that are expected to augment demand for wood pellets in China in the coming years.
Some of the key players in Wood Pellets Market include Vermont Wood Pellet Co., Pinnacle Renewable Energy Group, The Westervelt Company, Allance Pellet Machinery, INGPELLET Pte. Ltd., Enviva Holdings, LP, Enito Singpellet Pte Ltd, Groupe Savoie Inc., Wood Pellet Energy (UK) LTD, Energex Ltd., Rentech, Inc., Drax Group plc, Andritz AG., Premium Pellet Ltd., I.C.S. (Lacroix) Lumber Inc., Georgia Biomass, LLC, German Pellets GmbH, and F.E. Wood & Sons.
Feedstock Types Covered:
• Agricultural Residue and Waste
• Forest & Wood Waste Resources
• Other Feedstock Types
Types Covered:
• Wооd Chірѕ
• Wооd Lоgѕ
• Ѕаwduѕt
• Wооd Shаvіngѕ
Applications Covered:
• Pellet Boilers
• Pellet Stove Inserts
• Free-standing Pellet Stoves
Grades Covered:
• Standard
• Premium
• Utility
End Users Covered:
• Power Plants
• Combined Heat and Power (CHP)/District Heating
• Co-firing
• Industrial Furnace
• Power Generation
• Animal Bedding
• Thermal Energy (Heat Generation)
• Furniture
• Civil Use
• Feedstock (Biofuels)
• Other End Users
Products Covered:
• Black Pellet
• White Pellet
Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o 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 Product Analysis
3.9 Emerging Markets
3.10 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 Type
5.1 Introduction
5.2 Agricultural Residue and Waste
5.3 Forest & Wood Waste Resources
5.4 Other Feedstock Types
5.4.1 Food Waste
5.4.2 Virgin Lumber
5.4.3 Energy Crops
6 Global Wood Pellets Market, By Type
6.1 Introduction
6.2 Wооd Chірѕ
6.3 Wооd Lоgѕ
6.4 Ѕаwduѕt
6.5 Wооd Shаvіngѕ
7 Global Wood Pellets Market, By Application
7.1 Introduction
7.2 Pellet Boilers
7.3 Pellet Stove Inserts
7.4 Free-standing Pellet Stoves
8 Global Wood Pellets Market, By Grade
8.1 Introduction
8.2 Standard
8.3 Premium
8.4 Utility
9 Global Wood Pellets Market, By End User
9.1 Introduction
9.2 Power Plants
9.3 Combined Heat and Power (CHP)/District Heating
9.4 Co-firing
9.5 Industrial Furnace
9.6 Power Generation
9.7 Animal Bedding
9.8 Thermal Energy (Heat Generation)
9.8.1 Residential Heating
9.8.2 Commercial Heating
9.9 Furniture
9.10 Civil Use
9.11 Feedstock (Biofuels)
9.12 Direct
9.13 Other End Users
9.13.1 Absorbent
9.13.2 Horse Bedding
10 Global Wood Pellets Market, By Product
10.1 Introduction
10.2 Black Pellet
10.3 White Pellet
11 Global Wood Pellets Market, By Sales Channel
11.1 Introduction
11.2 Aftermarket
11.3 Manufacturer/Distributor/Service Provider
12 Global Wood Pellets Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Vermont Wood Pellet Co.
14.2 Pinnacle Renewable Energy Group
14.3 The Westervelt Company
14.4 Allance Pellet Machinery
14.5 INGPELLET Pte. Ltd.
14.6 Enviva Holdings, LP
14.7 Enito Singpellet Pte Ltd
14.8 Groupe Savoie Inc.
14.9 Wood Pellet Energy (UK) LTD
14.10 Energex Ltd.
14.11 Rentech, Inc.
14.12 Drax Group plc
14.13 Andritz AG .
14.14 Premium Pellet Ltd.
14.15 I.C.S. (Lacroix) Lumber Inc.
14.16 Georgia Biomass, LLC
14.17 German Pellets GmbH
14.18 F.E. Wood & Sons
List of Tables
1 Global Wood Pellets Market Outlook, By Region (2018-2027) ($MN)
2 Global Wood Pellets Market Outlook, By Feedstock Type (2018-2027) ($MN)
3 Global Wood Pellets Market Outlook, By Agricultural Residue and Waste (2018-2027) ($MN)
4 Global Wood Pellets Market Outlook, By Forest & Wood Waste Resources (2018-2027) ($MN)
5 Global Wood Pellets Market Outlook, By Other Feedstock Types (2018-2027) ($MN)
6 Global Wood Pellets Market Outlook, By Food Waste (2018-2027) ($MN)
7 Global Wood Pellets Market Outlook, By Virgin Lumber (2018-2027) ($MN)
8 Global Wood Pellets Market Outlook, By Energy Crops (2018-2027) ($MN)
9 Global Wood Pellets Market Outlook, By Type (2018-2027) ($MN)
10 Global Wood Pellets Market Outlook, By Wооd Chірѕ (2018-2027) ($MN)
11 Global Wood Pellets Market Outlook, By Wооd Lоgѕ (2018-2027) ($MN)
12 Global Wood Pellets Market Outlook, By Ѕаwduѕt (2018-2027) ($MN)
13 Global Wood Pellets Market Outlook, By Wооd Shаvіngѕ (2018-2027) ($MN)
14 Global Wood Pellets Market Outlook, By Application (2018-2027) ($MN)
15 Global Wood Pellets Market Outlook, By Pellet Boilers (2018-2027) ($MN)
16 Global Wood Pellets Market Outlook, By Pellet Stove Inserts (2018-2027) ($MN)
17 Global Wood Pellets Market Outlook, By Free-standing Pellet Stoves (2018-2027) ($MN)
18 Global Wood Pellets Market Outlook, By Grade (2018-2027) ($MN)
19 Global Wood Pellets Market Outlook, By Standard (2018-2027) ($MN)
20 Global Wood Pellets Market Outlook, By Premium (2018-2027) ($MN)
21 Global Wood Pellets Market Outlook, By Utility (2018-2027) ($MN)
22 Global Wood Pellets Market Outlook, By End User (2018-2027) ($MN)
23 Global Wood Pellets Market Outlook, By Power Plants (2018-2027) ($MN)
24 Global Wood Pellets Market Outlook, By Combined Heat and Power (CHP)/District Heating (2018-2027) ($MN)
25 Global Wood Pellets Market Outlook, By Co-firing (2018-2027) ($MN)
26 Global Wood Pellets Market Outlook, By Industrial Furnace (2018-2027) ($MN)
27 Global Wood Pellets Market Outlook, By Power Generation (2018-2027) ($MN)
28 Global Wood Pellets Market Outlook, By Animal Bedding (2018-2027) ($MN)
29 Global Wood Pellets Market Outlook, By Thermal Energy (Heat Generation) (2018-2027) ($MN)
30 Global Wood Pellets Market Outlook, By Residential Heating (2018-2027) ($MN)
31 Global Wood Pellets Market Outlook, By Commercial Heating (2018-2027) ($MN)
32 Global Wood Pellets Market Outlook, By Furniture (2018-2027) ($MN)
33 Global Wood Pellets Market Outlook, By Civil Use (2018-2027) ($MN)
34 Global Wood Pellets Market Outlook, By Feedstock (Biofuels) (2018-2027) ($MN)
35 Global Wood Pellets Market Outlook, By Direct (2018-2027) ($MN)
36 Global Wood Pellets Market Outlook, By Other End Users (2018-2027) ($MN)
37 Global Wood Pellets Market Outlook, By Absorbent (2018-2027) ($MN)
38 Global Wood Pellets Market Outlook, By Horse Bedding (2018-2027) ($MN)
39 Global Wood Pellets Market Outlook, By Product (2018-2027) ($MN)
40 Global Wood Pellets Market Outlook, By Black Pellet (2018-2027) ($MN)
41 Global Wood Pellets Market Outlook, By White Pellet (2018-2027) ($MN)
42 Global Wood Pellets Market Outlook, By Sales Channel (2018-2027) ($MN)
43 Global Wood Pellets Market Outlook, By Aftermarket (2018-2027) ($MN)
44 Global Wood Pellets Market Outlook, By Manufacturer/Distributor/Service Provider (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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