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Wood Pellets Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709798
Major players in the wood pellets market are Enviva Inc., Energex American Inc., Graanul Invest, Pinnacle Renewable Energy, Fram Fuels, Segezha-Group, Lignetics Inc, Asia Biomass Public Company Limited, Sinclar Group Forest Products, Lauzon, Wood Pellet Energy UK (LTD), United Company, Highland Pellets, LLC, Savoie, and I.C.S. (Lacroix) Lumber Inc.

The global wood pellets market is expected to grow from $8.39 billion in 2021 to $9.44 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The wood pellets market is expected to grow to $13.83 billion in 2026 at a CAGR of 10%.

The wood pellets market consists of sales of premium wood pellets, standard wood pellets, food-grade wood pellets, traeger signature wood pellets, applewood pellets, cherry wood pellets, pecan wood pellets, mesquite wood pellets, and hickory wood pellets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Wood pellets are finely powdered dried biofuel processed through a pellet dye process at high temperatures and pressure. It is typically burned to generate heat or process steam and electricity. These wood pellets are made from compressed sawdust, a by-product of other industries.

Europe was the largest region in the wood pellets market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the wood pellets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main types of feedstocks used in wood pellets are forest and wood waste resources, agricultural residue and waste, food waste, virgin lumber, and energy crops. Forest and wood waste resources are a mixture of trees, including leaves, bark, trunk pieces, and branches. Forest residues and wood waste are converted into wood pellets, a significant biomass source for energy production. The wood pellets production process involves sawdust preparation, screening, hammering, pelletizing, cooling, and packaging. It is applied in heating, power generation, and combined heat and power (CHP) and are used for residential, commercial, and industrial purposes.

Increasing global demand for renewable energy is expected to propel the growth of the wood pellets market going forward. Renewable energy is defined as energy derived from natural sources and are replenished at a faster rate than it is consumed. Wood pellets are a renewable energy source made from a variety of wood waste products. For instance, in 2021, according to a report on published by International Energy Agency, a France-based intergovernmental organization, renewable energy use increased by 3% in 2020. Also, renewables accounted for 29% of global electricity generation in 2020, up from 27% in 2019. Therefore, increasing global demand for renewable energy is driving the growth of the wood pellets market.

Technological advancements have emerged as the key trend gaining popularity in the wood pellets market. Major companies operating in the market are developing innovative wood pellet boilers such as the boilers that that produce minimum emissions of particulate matter to sustain their position. For instance, in September 2020, ÖkoFEN Forschungs- und Entwicklungs Ges.m.b.H., an Austria-based manufacturer of wood pellet boilers, launched wood pellet boilers with ZeroFlame combustion technology. With the help of the filter-free ZeroFlame combustion technology, particulate matter (PM) emissions are reduced to an absolute minimum. This technology combines special-guided airflow and air enrichment with a unique combustion chamber design to produce a unique effect. The flame almost wholly disappears during combustion, reducing particulate matter (PM) to a bare minimum. Compared to conventional pellet boiler systems currently available, PM emissions are reduced by up to 95%, potentially significantly improving local air quality.

In April 2021, Drax Group PLC, a UK-based renewable energy company, acquired Pinnacle Renewable Energy Inc. for an undisclosed amount. With the acquisition, Drax Group delivered bioenergy with carbon capture and storage (BECCS), which permanently removes millions of tonnes of carbon dioxide from the atmosphere yearly. The acquisition would raise Drax's current 1.6 metric tonnes (Mt) annual operational capacity to 4.9 Mt of sustainable biomass pellets by 2022 at 17 plants located throughout Western Canada and the US South. Pinnacle Renewable Energy Inc. is a Canada-based manufacturer and distributor of industrial wood pellets.

The countries covered in the wood pellets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The wood pellets market research report is one of a series of new reports that provides wood pellets market statistics, including wood pellets industry global market size, regional shares, competitors with a wood pellets market share, detailed wood pellets market segments, market trends and opportunities, and any further data you may need to thrive in the wood pellets industry. This wood pellets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.



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Frequently Asked Questions about the Global Wood Pellets Market

What is the estimated value of the Global Wood Pellets Market?

The Global Wood Pellets Market was estimated to be valued at $9.44 billion in 2022.

What is the growth rate of the Global Wood Pellets Market?

The growth rate of the Global Wood Pellets Market is 10.0%, with an estimated value of $13.83 billion by 2026.

What is the forecasted size of the Global Wood Pellets Market?

The Global Wood Pellets Market is estimated to be worth $13.83 billion by 2026.

Who are the key companies in the Global Wood Pellets Market?

Key companies in the Global Wood Pellets Market include Enviva Inc., Energex American Inc., Graanul Invest, Pinnacle Renewable Energy, Fram Fuels, Segezha, Group, Lignetics Inc. and Sinclar Group Forest Products.

Table of Contents

1. Executive Summary2. Wood Pellets Market Characteristics3. Wood Pellets Market Trends And Strategies
4. Wood Pellets Market - Macro Economic Scenario
4.1. COVID-19 Impact On Wood Pellets Market
4.2. Ukraine-Russia War Impact On Wood Pellets Market
4.3. Impact Of High Inflation On Wood Pellets Market
5. Wood Pellets Market Size And Growth
5.1. Global Wood Pellets Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Wood Pellets Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Wood Pellets Market Segmentation
6.1. Global Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Forest And Wood Waste Resources
  • Agricultural Residue and Waste
  • Food Waste
  • Virgin Lumber
  • Energy Crops
6.2. Global Wood Pellets Market, Segmentation By Production Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Sawdust Preparation
  • Screening
  • Hammering
  • Pelletizing
  • Cooling And Packaging
6.3. Global Wood Pellets Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Heating
  • Power Generation
  • Combined Heat And Power (CHP)
6.4. Global Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Residential
  • Commercial
  • Industrial
7. Wood Pellets Market Regional And Country Analysis
7.1. Global Wood Pellets Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Wood Pellets Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Wood Pellets Market
8.1. Asia-Pacific Wood Pellets Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Wood Pellets Market
9.1. China Wood Pellets Market Overview
9.2. China Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Wood Pellets Market
10.1. India Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Wood Pellets Market
11.1. Japan Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Wood Pellets Market
12.1. Australia Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Wood Pellets Market
13.1. Indonesia Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Wood Pellets Market
14.1. South Korea Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Wood Pellets Market
15.1. Western Europe Wood Pellets Market Overview
15.2. Western Europe Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Wood Pellets Market
16.1. UK Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Wood Pellets Market
17.1. Germany Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Wood Pellets Market
18.1. France Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Wood Pellets Market
19.1. Eastern Europe Wood Pellets Market Overview
19.2. Eastern Europe Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Wood Pellets Market
20.1. Russia Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Wood Pellets Market
21.1. North America Wood Pellets Market Overview
21.2. North America Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Wood Pellets Market
22.1. USA Wood Pellets Market Overview
22.2. USA Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Wood Pellets Market
23.1. South America Wood Pellets Market Overview
23.2. South America Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Wood Pellets Market
24.1. Brazil Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Wood Pellets Market
25.1. Middle East Wood Pellets Market Overview
25.2. Middle East Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Wood Pellets Market
26.1. Africa Wood Pellets Market Overview
26.2. Africa Wood Pellets Market, Segmentation By Feedstock, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Wood Pellets Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Wood Pellets Market Competitive Landscape And Company Profiles
27.1. Wood Pellets Market Competitive Landscape
27.2. Wood Pellets Market Company Profiles
27.2.1. Enviva Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Energex American Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Graanul Invest
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Pinnacle Renewable Energy
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Fram Fuels
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Wood Pellets Market29. Wood Pellets Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Wood Pellets Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global wood pellets market.

This report focuses on wood pellets market which is experiencing strong growth. The report gives a guide to the wood pellets market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the wood pellets? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Wood Pellets market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider wood pellets market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The wood pellets market section of the report gives context. It compares the wood pellets market with other segments of the wood pellets market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, wood pellets indicators comparison.

Scope

Markets Covered:

1) By Feedstock: Forest And Wood Waste Resources; Agricultural Residue and Waste; Food Waste; Virgin Lumber; Energy Crops
2) By Production Process: Sawdust Preparation; Screening; Hammering; Pelletizing; Cooling And Packaging
3) By Application: Heating; Power Generation; Combined Heat And Power (CHP)
4) By End-User: Residential; Commercial; Industrial

Companies Mentioned: Enviva Inc.; Energex American Inc.; Graanul Invest; Pinnacle Renewable Energy; Fram Fuels

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Enviva Inc.
  • Energex American Inc.
  • Graanul Invest
  • Pinnacle Renewable Energy
  • Fram Fuels
  • Segezha-Group
  • Lignetics Inc.
  • Asia Biomass Public Company Limited
  • Sinclar Group Forest Products
  • Lauzon
  • Wood Pellet Energy UK (LTD)
  • United Company
  • Highland Pellets, LLC
  • Savoie
  • I.C.S. (Lacroix) Lumber Inc.

Methodology

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