Global wood pellet fuel market stood at USD10,533.55 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 7.73%, owing to rising demand for eco-friendly alternatives to non-renewable fuels, etc. The term "wood pellet fuel" refers to biofuels made from compressed wood fibers. Pellets can be made from a variety of biomass sources, including industrial waste and byproducts, food waste, agricultural waste, energy crops, and untreated lumber. For uses such as heating, cooking, boilers, and power plants, wood pellets can be used in place of charcoal, firewood, oil, and gas. Download Free sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=7764 Market Segmentation The global wood pellet fuel market is segmented based on feedstock, heating application, application, region and company. Based on feedstock, the market is further fragmented into Forest Wood & Waste, Agriculture Residue, and Others {Bark, Twigs, Gardening Waste, etc.}. Based on the Method of Heating Application, the market is segmented into (Free Standing Pellet Stove, Pellet Stove Inserts, and Pellet Boilers). Based on application, the market is further fragmented into (CHP/District Heating, Power Plants, Residential Heating, and Commercial Heating). On the basis of regional distribution, the market is divided into Europe, Asia-Pacific, North America, and the Rest of the World. The market size of the United States was USD711.25 million in 2021. Company Profiles Wood Pellet Energy UK (LTD), Drax Group Plc, Enviva, German Pellets GmbH, Stora Enso Oyj, Pacific BioEnergy, Wood & Sons, Land Energy Girvan Limited, AS Graanul Invest are among the major market players in the global platform that lead the market growth of the global wood pellet fuel.

1. 1
Published: October 2020
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2015 – 2025
Published: December 2020
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Published: February 2021
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MARKET INTELLIGENCE . CONSULTING
Published: April 2021
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
GLOBAL WOOD PELLET FUEL MARKET
FORECAST AND OPPORTUNITIES
2017 – 2027

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© TechSci Research
Table of Contents
S. No. Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Wood Pellet Fuel Market
5. Voice of Customer
5.1. Brand Awareness
5.2. Key Factors For Selecting Wood Pellet Supplier
5.3. Key Satisfaction Level
5.4. Key Challenges Faced
6. Global Wood Pellet Fuel Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1.
By Feedstock (Forest Wood & Waste, Agriculture Residue, and Others {Bark, Twigs,
Gardening Waste, etc.})
6.2.2. By Heating Application (Free Standing Pellet Stove, Pellet Stove Inserts, and Pellet Boilers)
6.2.3.
By Application (CHP/District Heating, Power Plants, Residential Heating, and Commercial
Heating)
6.2.4. By Region
6.2.5. By Company (2021)
6.3. Market Map (By Feedstock, By Heating Application, By Application, By Region)
7. Europe Wood Pellet Fuel Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Feedstock
7.2.2. By Heating Application
2

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7.2.3. By Application
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. United Kingdom Wood Pellet Fuel Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Feedstock
7.3.1.2.2. By Heating Application
7.3.1.2.3. By Application
7.3.2. Italy Wood Pellet Fuel Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Feedstock
7.3.2.2.2. By Heating Application
7.3.2.2.3. By Application
7.3.3. Germany Wood Pellet Fuel Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Feedstock
7.3.3.2.2. By Heating Application
7.3.3.2.3. By Application
7.3.4. France Wood Pellet Fuel Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
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7.3.4.2.1. By Feedstock
7.3.4.2.2. By Heating Application
7.3.4.2.3. By Application
7.3.5. Spain Wood Pellet Fuel Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Feedstock
7.3.5.2.2. By Heating Application
7.3.5.2.3. By Application
8. Asia-Pacific Wood Pellet Fuel Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Size & Forecast
8.2.1. By Feedstock
8.2.2 By Heating Application
8.2.3. By Application
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Wood Pellet Fuel Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Feedstock
8.3.1.2.2. By Heating Application
8.3.1.2.3. By Application
8.3.2. Japan Wood Pellet Fuel Market Outlook
8.3.2.1. Market Size & Forecast
4
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S. No. Contents
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Feedstock
8.3.2.2.2. By Heating Application
8.3.2.2.3. By Application
8.3.3. South Korea Wood Pellet Fuel Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Feedstock
8.3.3.2.2. By Heating Application
8.3.3.2.3. By Application
8.3.4. Australia Wood Pellet Fuel Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Feedstock
8.3.4.2.2. By Heating Application
8.3.4.2.3. By Application
8.3.5. India Wood Pellet Fuel Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Feedstock
8.3.5.2.2. By Heating Application
8.3.5.2.3. By Application
5
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9. North America Wood Pellet Fuel Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Size & Forecast
9.2.1. By Feedstock
9.2.2 By Heating Application
9.2.3. By Application
9.2.4. By Country
9.3. North America: Country Analysis
9.3.1. United States Wood Pellet Fuel Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Feedstock
9.3.1.2.2. By Heating Application
9.3.1.2.3. By Application
9.3.2. Canada Wood Pellet Fuel Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Feedstock
9.3.2.2.2. By Heating Application
9.3.2.2.3. By Application
9.3.3. Mexico Wood Pellet Fuel Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Feedstock
9.3.3.2.2. By Heating Application
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© TechSci Research
S. No. Contents
9.3.3.2.3. By Application
10. Rest of the World Wood Pellet Fuel Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Size & Forecast
10.2.1. By Feedstock
10.2.2 By Heating Application
10.2.3. By Application
10.2.4. By Country
10.3. Rest of the World: Country Analysis
10.3.1. Brazil Wood Pellet Fuel Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Feedstock
10.3.1.2.2. By Heating Application
10.3.1.2.3. By Application
10.3.2. Argentina Wood Pellet Fuel Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Feedstock
10.3.2.2.2. By Heating Application
10.3.1.2.3. By Application
7
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S. No. Contents
10.3.3. Colombia Wood Pellet Fuel Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Feedstock
10.3.3.2.2. By Heating Application
10.3.3.2.3. By Application
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends and Developments
13. Company Profiles
13.1. Wood Pellet Energy UK
13.2. Drax Group Plc
13.3. Enviva
13.4. German Pellets GmbH
13.5. Stora Enso Oyj
13.6. Pacific BioEnergy
13.7. Wood & Sons
13.8. Land Energy Girvan Limited
13.9. AS Graanul Invest
13.10. Energex American, Inc.
13.11. An Viet Phat Group (AVP Group)
14. Strategic Recommendations
15. About Us & Disclaimer
8
Table of Contents

9. Product Overview

10. 10
© TechSci Research
Product Overview
Product of Interest: Wood Pellet Fuel
Review Period
2017 – 2020
Base Year
2021
Estimated Year
2022
Forecast Period
2023 – 2027
Year Range
GLOBAL WOOD PELLET FUEL
MARKET
BY FEEDSTOCK
• Forest Wood & Waste
• Agriculture Residue
• Others
BY REGION
• Europe
• North America
• Asia-Pacific
• Rest of the World
Biofuels produced from compressed wood fiber are known as wood pellets. Pellets can be
produced from biomass such as industrial waste and co-products, food waste, agricultural
waste, energy crops, and untreated lumber. Wood pellets can be used in place of charcoal,
firewood, oil, and gas for various applications like heating, cooking, boiler, and power plants.
Market Segmentation
BY APPLICATION
• CHP/District Heating
• Power Plants
• Residential Heating
• Commercial Heating
10
BY HEATING
APPLICATION
• Free Standing Pellet Stove
• Pellet Stove Inserts
• Pellet Boilers

11. Research Methodology

12. 12
© TechSci Research
Research Methodology
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was
conducted to determine
overall market size,
segmental market size
and top companies in
Global Wood Pellet
Fuel Market.
In order to conduct
industry experts’
interviews, TechSci
formulated a
detailed discussion
guide.
List of leading
companies and
industry
specialists was
developed.
TechSci conducted
interviews with
industry experts
and top companies
for data collection
and verification.
Data obtained as
a result of
primary and
secondary
research was
validated through
rigorous
triangulation.
The data was
scrutinized using MS-
Excel, statistical tools
and internal proprietary
database to obtain
qualitative and
quantitative insights
about Global Wood
Pellet Fuel Market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
Secondary Research
Primary Research
12

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© TechSci Research
Research Methodology
13
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the Global Wood Pellet Fuel Market. The
team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as
increasing use of biomass for power generation, growing focus toward renewable energy sources, rising demand for wood pellets
from developing economies, etc., and speculated a robust growth during the forecast period. The study includes market
forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the
Global Wood Pellet Fuel Market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts.
The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the Global Wood
Pellet Fuel Market to obtain the overall market size during 2017-2021, which was validated by the Delphi technique. Taking
standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2017-2021.

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© TechSci Research
Research Methodology
14
Respondents were asked about the current and future market growth rates, as well as market shares by feedstock, by heating
application, by application, by region and by company. Removing the outlier responses, the geometric mean of growth
estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue
shares. Revenue shares generated across various segments were further triangulated based on the response received from
other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by feedstock, by heating application, by application, by region and by company were calculated based on the
responses received through primary surveys with industry experts, in which the respondents were asked about the market
shares of the leading Wood Pellet Fuel companies. The final shares were calculated by taking the geometric mean of the
responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the
leading companies operating in the Global Wood Pellet Fuel Market.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the
survey results.

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© TechSci Research
Research Methodology
15
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
the Global Wood Pellet Fuel Market, TechSci Research used various forecast techniques such as:
o Moving Average
o Time Series Analysis
o Regression Analysis
o Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions.
TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market
demand scenario.
Note: Sum of some shares may not be 100% due to round off till two decimal places.
Partial List of Companies
Interviewed
Wood Pellet Energy UK (LTD), Drax Group Plc, Enviva German Pellets GmbH, Stora Enso
Oyj, Pacific BioEnergy, Wood & Sons, Land Energy Girvan Limited, AS Graanul Invest,
Energex American, Inc., An Viet Phat Group (AVP Group) among others.
Partial List of Secondary
Sources
BP Statistical Review of World Energy 2021, International Energy Agency, Energy
Information Administration, Company Annual Reports, Press Releases, Industry Magazines,
Industry Reports, Company Websites, TechSci Research Proprietary Database & Knowledge
Repository, etc.

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© TechSci Research
Industry Brief
16
Global wood pellet fuel market is expected to grow with increasing advancements in energy and power generations.
According to TechSci Research report, “Wood Pellet Fuel Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, Global
wood pellet fuel market is expected to register growth at 7.73% CAGR value during the forecast period, 2023-2027F, to achieve the market value of
USD16789.59 million by the year 2027F. The rising demand for energy-efficient solutions and power generation is actively driving the growth of the
global wood pellet fuel market in the upcoming five years. The rising demand for eco-friendly alternatives further supports the growth of the global wood
pellet fuel market in the next five years. Additionally, increasing deployment of renewable energy facilities around the globe would further enhance the
product penetration and thus aids the growth of the global wood pellet fuel market in the future five years.
Industrial growth is also aided by easier availability of wood pellet fuel feedstock and low cost of production. These factors have further supported the
higher consumption in the industrial sector. Rising concerns among the population regarding excessive use of fossil fuels and natural gas and its
increasing prices would further fuel the growth of the global wood pellet fuel market in the forecast years through 2027F. Moreover, emissions of
greenhouse gases will also facilitate the growth of the global wood pellet fuel market in the future. Norms laid down by the Sustainable Forestry
Initiative and Forest Stewardship Council may hamper the market growth since they regulate the deforestation and woodcutting processes. The
untapped potential of lignocellulosic waste in emerging economies, such as China and India, is anticipated to offer lucrative opportunities for the market
players.
The global wood pellet fuel market is segmented by feedstock, heating application, application, regional distribution, and company analysis. Based on
feedstock, the market is fragmented into forest wood & waste, agriculture residue, and others like bark, twigs, gardening waste, etc. Forest wood and
waste segment is anticipated to hold the largest revenue share of around USD11936.13 million. The segment is also expected to register the fastest
growing CAGR of about 8.04% CAGR during the forecast period, 2023-2027F. Increasing deforestation activities and growing demand for wood for
various industrial purposes is further anticipated to drive the growth of the global wood pellet fuel market in the upcoming five years. Moreover, the
forests are the cheapest sources of raw material to produce the wood pellet. Also, the wood pellets
By the method of heating application, the market is further segmented into free-standing pellet stoves, pellet stove inserts, and pellet boilers. Based on
application, the market is further fragmented into CHP/district heating, power plants, residential heating, and commercial heating. On the basis of
regional distribution, the market is divided into Europe, Asia-Pacific, North America and the Rest of the World. The market size of the USA was
USD711.25 million in 2021.
Some of the market players dominating the global wood pellet fuel market include Wood Pellet Energy UK (LTD), Drax Group Plc, Enviva, German
Pellets GmbH, Stora Enso Oyj, Pacific BioEnergy, Wood & Sons, Land Energy Girvan Limited, AS Graanul Invest, Energex American, Inc., An Viet
Phat Group (AVP Group)
“Europe wood pellet fuel market's value was over 49.41% in 2021, and the region is expected to further dominate the regional analysis in the upcoming
five years on the grounds of increasing demands for the wood pellets for energy generation in the residential and commercial sectors. Growing
demands for the power plants and rapidly surging energy generation in the region further support the growth of the global wood pellet fuel market in the
future five years. In Europe, the Renewable Energy Sources (RES) demand was rapidly growing and accounted for around 17% of the total energy
consumption in the region from 2017 to 2020. The steps are taken to control the carbon emission from the energy sector, market liberalization, policy
changes, climate changes, etc., have led to product acceptance in the European countries rapidly. New market players are expected to invest in
research and develop a technologically advanced method of energy generation through wood pellets. Increasing investments in the research segment
and focusing their resources on further development of the technology would also substantiate the brand establishment for the new market entrants,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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© TechSci Research
Sample Data - Snapshot
17
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Value (USD Million)
Global Wood Pellet Fuel Market Size, By Value (USD Million), 2017-2027F
CAGR 2017-2021
By Value: xx%
CAGR 2022E-2027F
By Value: xx%
Europe Wood Pellet Fuel Market Share, By Feedstock, By Value, 2017-2027F
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Forest Wood & Waste 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Agriculture Residue 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Others 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
Germany Wood Pellet Fuel Market Share, By Heating Application, By Value, 2017-2027F
2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F
Free Standing Pellet Stove 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Pellet Boilers 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Pellet Stove Inserts 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

18. 18
© TechSci Research
Report Order
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Report Name: GLOBAL WOOD PELLET FUEL MARKET
FORECAST AND OPPORTUNITIES
2017 – 2027
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19. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality
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