The global wood pellet market size reached US$ 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032. More Info:- https://www.imarcgroup.com/wood-pellet-market

1. Global Wood Pellet
Market Research and
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved

2. About IMARC Group
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strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.

3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Wood Pellet Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2024-2032," the global wood pellet market size reached US$ 13.3 Billion in
2023.
Wood pellets are a type of biomass fuel made from compressed sawdust, wood
shavings, or other wood residues. These small cylindrical pellets typically
measure about 6-8 millimeters in diameter and 10-30 millimeters in length.
Wood pellets are manufactured through a process called pelletization, where
the raw wood materials are ground into a fine powder, dried, and then
compressed at high pressure to form dense pellets. Wood pellets have gained
popularity as a sustainable and environmentally friendly alternative to
traditional fossil fuels like coal and oil.
They are considered a renewable energy source because they are made from
wood, a natural and abundant resource. The combustion of wood pellets
releases carbon dioxide, but this is offset by the carbon dioxide absorbed by
the trees during their growth, thus making wood pellets a carbon-neutral fuel
source. Wood pellets are primarily used for heating purposes, especially in
residential pellet stoves and boilers. They are also used in industrial settings
for power generation and as a cost-effective fuel in some large-scale heating
systems.
Request for a PDF sample of this report: https://www.imarcgroup.com/wood-
pellet-market/requestsample

4. Report Description
Global Wood Pellet Market Trends:
Government incentives and renewable energy targets facilitate the use of biomass fuels like wood pellets, which
represents one of the key factors driving the growth of the market across the globe. Subsidies, tax credits, and mandates
for renewable energy adoption are promoting the market growth. W ood pellets are considered carbon-neutral because the
carbon dioxide released during combustion is offset by the carbon dioxide absorbed by the trees during their growth. This
environmental benefit aligns with global efforts to mitigate climate change. W ood pellets have a high energy density,
which makes them an efficient and cost-effective heating source for residential and industrial applications. This energy
efficiency drives the adoption of wood pallets. W ood pellets often provide cost savings as compared to fossil fuels like
heating oil or natural gas, especially in regions with abundant forest resources which makes wood pellets an attractive
choice, thus fueling the growth of the market. The rising use of wood pellets for heating and energ y production reduces
greenhouse gas emissions as compared to coal or oil, aligning with emissions reduction goals and air quality
improvement which is propelling the growth of the market. The growing consumer awareness of pellet stoves and boilers
as efficient and clean heating options for homes is driving the demand for wood pellets in the residential sector. The
rising use of wood pallets in various industrial processes, including power generation and district heating, as an
environmentally friendly and sustainable fuel source is facilitating the growth of the market. Advances in pellet production
technology are improving the quality and consistency of wood pellets, thus mak ing them more appealing to consumers and
industries.
Looking forward, the market value is projected to reach US$ 22.2 Billion by 2032, expanding at a CAGR of
5.7% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/wood-pellet-market

5. Report
Segmentation
Breakup by Feedstock Type:
• Forest Wood and Waste
• Agriculture Residue
• Others
Breakup by Application:
• Power Plants
• Residential Heating
• Commercial Heating
• Combined Heat and Power (CHP)
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

6. Competitive
Landscape with
Key Players
• Andritz AG
• Asia Biomass Public Company Limited
• Drax Group PLC
• Energex
• Enviva LP
• Fram Renewable Fuels LLC
• Land Energy Limited
• Lignetics Inc.
• Mallard Creek Inc.
• Pacific BioEnergy Corporation
• Stora Enso Oyj
• Svenska Cellulosa Aktiebolaget
• Tanac S.A.

7. Key Questions
Answered in
the Report
What was the size of the global wood pellet market in 2023?
What is the expected growth rate of the global wood pellet
market during 2024-2032?
What are the key factors driving the global wood pellet
market?
What has been the impact of COVID-19 on the global wood
pellet market?
What is the breakup of the global wood pellet market based on
the feedstock type?
What is the breakup of the global wood pellet market based on
the application?
What are the key regions in the global wood pellet market?
Who are the key players/companies in the global wood pellet
market?

8. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Wood Pellet Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Feedstock Type
6.1 Forest W ood and W aste
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Agriculture Residue
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Others
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by Application

9. Table of
Contents
7.1 Power Plants
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Residential Heating
7.2.1 Mark et Trends
7.2.2 Market Forecast
7.3 Commercial Heating
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
7.4 Combined Heat and Power (CHP)
7.4.1 Mark et Trends
7.4.2 Mark et Forecast
7.5 Others
7.5.1 Mark et Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Mark et Trends
8.1.1.2 Mark et Forecast
8.1.2 Canada
8.1.2.1 Mark et Trends
8.1.2.2 Mark et Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Mark et Trends
8.2.1.2 Mark et Forecast
8.2.2 Japan
8.2.2.1 Mark et Trends
8.2.2.2 Mark et Forecast
For more information, visit :
https://www.imarcgroup.com/wood -pellet-market/toc

10. Disclaimer
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the time of publishing. International Market Analysis Research and Consulting makes no
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