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Wood Pellets Market

Wood Pellets - Global Market Outlook (2019-2027)

4.7 (81 reviews)
Published: November 2020 ID: SMRC20140
4.7 (81 reviews)
Published: November 2020 ID: SMRC20140

This report covers the impact of COVID-19 on this global market

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.

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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

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. 

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