Wood Pellet Fuel Market – Global Industry Size, Share, Trends, Opportunity

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Published October 2020
Published December 2020
Published February 2021
Published April 2021
2015 2025
2017 2027
GLOBAL WOOD PELLET FUEL MARKET FORECAST AND
OPPORTUNITIES
www.techsciresearch.com
www.techsciresearch.com
www.techsciresearch.com
www.techsciresearch.com
www.techsciresearch.com
MARKET INTELLIGENCE . CONSULTING
MARKET INTELLIGENCE . CONSULTING
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Table of Contents
S. No. Contents Contents Contents
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Executive Summary Executive Summary Executive Summary
4. Impact of COVID-19 on Global Wood Pellet Fuel Market Impact of COVID-19 on Global Wood Pellet Fuel Market Impact of COVID-19 on Global Wood Pellet Fuel Market
5. Voice of Customer Voice of Customer Voice of Customer
5.1. Brand Awareness Brand Awareness
5.2. Key Factors For Selecting Wood Pellet Supplier Key Factors For Selecting Wood Pellet Supplier
5.3. Key Satisfaction Level Key Satisfaction Level
5.4. Key Challenges Faced Key Challenges Faced
6. Global Wood Pellet Fuel Market Outlook Global Wood Pellet Fuel Market Outlook Global Wood Pellet Fuel Market Outlook
6.1. Market Size Forecast Market Size Forecast
6.1.1. By Value
6.2. Market Share Forecast 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) Market Map (By Feedstock, By Heating Application, By Application, By Region)
7. Europe Wood Pellet Fuel Market Outlook Europe Wood Pellet Fuel Market Outlook Europe Wood Pellet Fuel Market Outlook
7.1. Market Size Forecast Market Size Forecast Market Size Forecast
7.1.1. By Value
7.2. Market Share Forecast Market Share Forecast
7.2.1. By Feedstock
7.2.2. By Heating Application
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Table of Contents
S. No. Contents Contents Contents Contents Contents
7.2.3. By Application By Application By Application
7.2.4. By Country By Country By Country
7.3. Europe Country Analysis Europe Country Analysis Europe Country Analysis Europe Country Analysis
7.3.1. United Kingdom Wood Pellet Fuel Market Outlook United Kingdom Wood Pellet Fuel Market Outlook United Kingdom Wood Pellet Fuel Market Outlook
7.3.1.1. Market Size Forecast Market Size Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share Forecast 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 Italy Wood Pellet Fuel Market Outlook Italy Wood Pellet Fuel Market Outlook
7.3.2.1. Market Size Forecast Market Size Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share Forecast 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 Germany Wood Pellet Fuel Market Outlook Germany Wood Pellet Fuel Market Outlook
7.3.3.1. Market Size Forecast Market Size Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share Forecast 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 France Wood Pellet Fuel Market Outlook France Wood Pellet Fuel Market Outlook
7.3.4.1. Market Size Forecast Market Size Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share Forecast Market Share Forecast
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Table of Contents
S. No. Contents Contents Contents Contents Contents
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 Spain Wood Pellet Fuel Market Outlook Spain Wood Pellet Fuel Market Outlook
7.3.5.1. Market Size Forecast Market Size Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share Forecast 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 Asia-Pacific Wood Pellet Fuel Market Outlook Asia-Pacific Wood Pellet Fuel Market Outlook Asia-Pacific Wood Pellet Fuel Market Outlook Asia-Pacific Wood Pellet Fuel Market Outlook
8.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
8.1.1. By Value By Value By Value
8.2. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
8.2.1. By Feedstock By Feedstock By Feedstock
8.2.2 By Heating Application By Heating Application By Heating Application
8.2.3. By Application By Application By Application
8.2.4. By Country By Country By Country
8.3. Asia-Pacific Country Analysis Asia-Pacific Country Analysis Asia-Pacific Country Analysis Asia-Pacific Country Analysis
8.3.1. China Wood Pellet Fuel Market Outlook China Wood Pellet Fuel Market Outlook China Wood Pellet Fuel Market Outlook
8.3.1.1. Market Size Forecast Market Size Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share Forecast 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 Japan Wood Pellet Fuel Market Outlook Japan Wood Pellet Fuel Market Outlook
8.3.2.1. Market Size Forecast Market Size Forecast
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S. No. Contents Contents Contents Contents Contents
8.3.2.1.1. By Value
8.3.2.2. Market Share Forecast 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 South Korea Wood Pellet Fuel Market Outlook South Korea Wood Pellet Fuel Market Outlook
8.3.3.1. Market Size Forecast Market Size Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share Forecast 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 Australia Wood Pellet Fuel Market Outlook Australia Wood Pellet Fuel Market Outlook
8.3.4.1. Market Size Forecast Market Size Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share Forecast 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 India Wood Pellet Fuel Market Outlook India Wood Pellet Fuel Market Outlook
8.3.5.1. Market Size Forecast Market Size Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share Forecast 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
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Table of Contents
S. No. Contents Contents Contents Contents Contents
9. North America Wood Pellet Fuel Market Outlook North America Wood Pellet Fuel Market Outlook North America Wood Pellet Fuel Market Outlook North America Wood Pellet Fuel Market Outlook North America Wood Pellet Fuel Market Outlook
9.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
9.1.1. By Value By Value By Value
9.2. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
9.2.1. By Feedstock By Feedstock By Feedstock
9.2.2 By Heating Application By Heating Application By Heating Application
9.2.3. By Application By Application By Application
9.2.4. By Country By Country By Country
9.3. North America Country Analysis North America Country Analysis North America Country Analysis North America Country Analysis
9.3.1. United States Wood Pellet Fuel Market Outlook United States Wood Pellet Fuel Market Outlook United States Wood Pellet Fuel Market Outlook
9.3.1.1. Market Size Forecast Market Size Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share Forecast 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 Canada Wood Pellet Fuel Market Outlook Canada Wood Pellet Fuel Market Outlook
9.3.2.1. Market Size Forecast Market Size Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share Forecast 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 Mexico Wood Pellet Fuel Market Outlook Mexico Wood Pellet Fuel Market Outlook
9.3.3.1. Market Size Forecast Market Size Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share Forecast Market Share Forecast
9.3.3.2.1. By Feedstock
9.3.3.2.2. By Heating Application
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S. No. Contents Contents Contents Contents Contents
9.3.3.2.3. By Application
10. Rest of the World Wood Pellet Fuel Market Outlook Rest of the World Wood Pellet Fuel Market Outlook Rest of the World Wood Pellet Fuel Market Outlook Rest of the World Wood Pellet Fuel Market Outlook Rest of the World Wood Pellet Fuel Market Outlook
10.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
10.1.1. By Value By Value By Value
10.2. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
10.2.1. By Feedstock By Feedstock By Feedstock
10.2.2 By Heating Application By Heating Application By Heating Application
10.2.3. By Application By Application By Application
10.2.4. By Country By Country By Country
10.3. Rest of the World Country Analysis Rest of the World Country Analysis Rest of the World Country Analysis Rest of the World Country Analysis
10.3.1. Brazil Wood Pellet Fuel Market Outlook Brazil Wood Pellet Fuel Market Outlook Brazil Wood Pellet Fuel Market Outlook
10.3.1.1. Market Size Forecast Market Size Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share Forecast 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 Argentina Wood Pellet Fuel Market Outlook Argentina Wood Pellet Fuel Market Outlook
10.3.2.1. Market Size Forecast Market Size Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share Forecast 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
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S. No. Contents Contents Contents Contents Contents
10.3.3. Colombia Wood Pellet Fuel Market Outlook Colombia Wood Pellet Fuel Market Outlook Colombia Wood Pellet Fuel Market Outlook
10.3.3.1. Market Size Forecast Market Size Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share Forecast 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 Market Dynamics Market Dynamics Market Dynamics Market Dynamics
11.1. Drivers Drivers Drivers Drivers
11.2. Challenges Challenges Challenges Challenges
12. Market Trends and Developments Market Trends and Developments Market Trends and Developments Market Trends and Developments Market Trends and Developments
13. Company Profiles Company Profiles Company Profiles Company Profiles Company Profiles
13.1. Wood Pellet Energy UK Wood Pellet Energy UK Wood Pellet Energy UK Wood Pellet Energy UK
13.2. Drax Group Plc Drax Group Plc Drax Group Plc Drax Group Plc
13.3. Enviva Enviva Enviva Enviva
13.4. German Pellets GmbH German Pellets GmbH German Pellets GmbH German Pellets GmbH
13.5. Stora Enso Oyj Stora Enso Oyj Stora Enso Oyj Stora Enso Oyj
13.6. Pacific BioEnergy Pacific BioEnergy Pacific BioEnergy Pacific BioEnergy
13.7. Wood Sons Wood Sons Wood Sons Wood Sons
13.8. Land Energy Girvan Limited Land Energy Girvan Limited Land Energy Girvan Limited Land Energy Girvan Limited
13.9. AS Graanul Invest AS Graanul Invest AS Graanul Invest AS Graanul Invest
13.10. Energex American, Inc. Energex American, Inc. Energex American, Inc. Energex American, Inc.
13.11. An Viet Phat Group (AVP Group) An Viet Phat Group (AVP Group) An Viet Phat Group (AVP Group) An Viet Phat Group (AVP Group)
14. Strategic Recommendations Strategic Recommendations Strategic Recommendations Strategic Recommendations Strategic Recommendations
15. About Us Disclaimer About Us Disclaimer About Us Disclaimer About Us Disclaimer About Us Disclaimer
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Product Overview
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• Product Overview
• Product of Interest Wood Pellet Fuel

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

BY HEATING APPLICATION

• Free Standing Pellet Stove
• Pellet Stove Inserts
• Pellet Boilers

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Research Methodology
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• Research Methodology

Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Analysis
Data Collection
Data Validation
In-depth secondary research was conducted to
determine overall market size, segmental market
size and top companies in Global Wood Pellet Fuel
Market.
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 obtained as a result of primary and
secondary research was validated through rigorous
triangulation.
TechSci conducted interviews with industry
experts and top companies for data collection and
verification.
In order to conduct industry experts interviews,
TechSci formulated a detailed discussion guide.
List of leading companies and industry
specialists was developed.
Primary Research
Desk Research
Company Analysis

• Recent Developments
• Market Changing Aspects/Dynamics
• Government Policies
• Conclusion

• Market Participants
• Key Strengths

• Identifying Key Opinion Leaders
• Questionnaire Design
• In-depth Interviews

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• Research Methodology

• 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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• Research Methodology

• 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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• Research Methodology

• 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
• Moving Average
• Time Series Analysis
• Regression Analysis
• 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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• Industry Brief

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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• Sample Data - Snapshot

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
Germany Wood Pellet Fuel Market Share, By Heating
Application, By Value, 2017-2027F
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• Report Order

• Report Name GLOBAL WOOD PELLET FUEL
  MARKET
• FORECAST AND OPPORTUNITIES
• 2017 2027

License Type Price
Single User License 4900
Multi-User License 5900
Custom Research License 8900
4
To View Sample OR Purchase Report  
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Table of Contents
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 reports. The proprietary
forecasting models use various analyses of both
industry-specific and macroeconomic variables on
a state-by-state basis to produce a unique
bottom-up model of a country, regional and
global industry prospects. Combined with the
detailed analysis of company activity and
industry trends, the result is a uniquely rich
evaluation of the opportunities available in the
market.
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