The wood pellets market covers the following areas:
Wood Pellets Market Sizing
Wood Pellets Market Forecast
Wood Pellets Market Analysis
Drivers and Challenges
The stringent regulations on CO2 emissions are driving the growth of the global wood pellets market. Government bodies across the world are focusing on reducing GHG emissions. The foothold of coal-powered electricity generation in the global energy mix is uncertain amid international agreements such as the Kyoto Protocol. Agencies such as EPA, the Intergovernmental Panel on Climate Change, and the Climate Change Act of 2008 have targets to reduce GHG emissions. These regulations encourage the use of alternatives such as bioenergy. Biomass, a carbon-neutral energy source, helps create a low-pollution environment and contributes to the targets set by governments. Such factors will drive the growth of the wood pellets market during the forecast period.
The decline in crude oil prices is challenging the global wood pellets market growth. Wood pellets are cost-effective because they cost lower than heating oil and decrease the ecological footprint. However, crude oil prices have declined steadily since 2015. This decline has a major impact on heating oil prices as crude oil accounts for more than half of the price component of heating oil. In July 2014, crude oil traded at over USD 110/bbl. However, due to an imbalance in the supply and demand for crude oil, the prices of oil decreased to as low as USD 26/bbl in January 2016. In addition, in April 2018, crude oil was being traded at USD 68/bbl and reduced to USD 17.46/bbl in April 2020. Such factors are expected to challenge the wood pellets market growth during the forecast period.
Market Segmentation Analysis
The residential segment will have significant market share growth in the wood pellets market during the forecast period. The huge bulk density of wood pellets is advantageous in areas where space is limited. This will increase the use of wood pellets in urban areas, which will support the wood pellets market growth through this segment in the coming years.
Companies Mentioned
- Binderholz GmbH
- Bio Eneco
- BioPower Sustainable Energy Corp.
- ECARE
- Energy Pellets of America LLC
- Enviva Inc.
- Highland Pellets LLC
- Land Energy Girvan Ltd.
- Lignetics Inc.
- Pfeifer Holding GmbH
- PREMIUM PELLETS s.r.o
- PRODESA
- proPellets Austria
- Schellinger KG
- SNOW ENTITIES Inc.
- VIRIDIS ENERGY INC.
- AS Graanul Invest
- Drax Group Plc
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Related Reports:
Roundwood Market by Type and Geography - Forecast and Analysis 2022-2026
Plywood Market by Wood Type and Geography - Forecast and Analysis 2021-2025
Wood Pellets Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.55% |
Market growth 2022-2026 |
USD 4.13 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.98 |
Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
Performing market contribution |
Europe at 74% |
Key consumer countries |
US, UK, Italy, Denmark, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Binderholz GmbH, Bio Eneco, BioPower Sustainable Energy Corp., ECARE, Energy Pellets of America LLC, Enviva Inc., Highland Pellets LLC, Land Energy Girvan Ltd., Lignetics Inc., Pfeifer Holding GmbH, PREMIUM PELLETS s.r.o, PRODESA, proPellets Austria, Schellinger KG, SNOW ENTITIES Inc., VIRIDIS ENERGY INC., AS Graanul Invest, and Drax Group Plc |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Residential - Market size and forecast 2021-2026
- Exhibit 28: Chart on Residential - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Residential - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Residential - Year-over-year growth 2021-2026 (%)
- 5.4 Commercial - Market size and forecast 2021-2026
- Exhibit 32: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Commercial - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by End-user
- Exhibit 36: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 Europe - Market size and forecast 2021-2026
- Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 UK - Market size and forecast 2021-2026
- Exhibit 62: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.9 Italy - Market size and forecast 2021-2026
- Exhibit 66: Chart on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Italy - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Italy - Year-over-year growth 2021-2026 (%)
- 7.10 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.11 Denmark - Market size and forecast 2021-2026
- Exhibit 74: Chart on Denmark - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Denmark - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Denmark - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Denmark - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 AS Graanul Invest
- Exhibit 89: AS Graanul Invest - Overview
- Exhibit 90: AS Graanul Invest - Product / Service
- Exhibit 91: AS Graanul Invest - Key offerings
- 10.4 Binderholz GmbH
- Exhibit 92: Binderholz GmbH - Overview
- Exhibit 93: Binderholz GmbH - Product / Service
- Exhibit 94: Binderholz GmbH - Key offerings
- 10.5 Bio Eneco
- Exhibit 95: Bio Eneco - Overview
- Exhibit 96: Bio Eneco - Product / Service
- Exhibit 97: Bio Eneco - Key offerings
- 10.6 BioPower Sustainable Energy Corp.
- Exhibit 98: BioPower Sustainable Energy Corp. - Overview
- Exhibit 99: BioPower Sustainable Energy Corp. - Product / Service
- Exhibit 100: BioPower Sustainable Energy Corp. - Key offerings
- 10.7 Drax Group Plc
- Exhibit 101: Drax Group Plc - Overview
- Exhibit 102: Drax Group Plc - Business segments
- Exhibit 103: Drax Group Plc - Key news
- Exhibit 104: Drax Group Plc - Key offerings
- Exhibit 105: Drax Group Plc - Segment focus
- 10.8 ECARE
- Exhibit 106: ECARE - Overview
- Exhibit 107: ECARE - Product / Service
- Exhibit 108: ECARE - Key offerings
- 10.9 Enviva Inc.
- Exhibit 109: Enviva Inc. - Overview
- Exhibit 110: Enviva Inc. - Product / Service
- Exhibit 111: Enviva Inc. - Key news
- Exhibit 112: Enviva Inc. - Key offerings
- 10.10 Highland Pellets LLC
- Exhibit 113: Highland Pellets LLC - Overview
- Exhibit 114: Highland Pellets LLC - Product / Service
- Exhibit 115: Highland Pellets LLC - Key offerings
- 10.11 Land Energy Girvan Ltd.
- Exhibit 116: Land Energy Girvan Ltd. - Overview
- Exhibit 117: Land Energy Girvan Ltd. - Product / Service
- Exhibit 118: Land Energy Girvan Ltd. - Key offerings
- 10.12 Pfeifer Holding GmbH
- Exhibit 119: Pfeifer Holding GmbH - Overview
- Exhibit 120: Pfeifer Holding GmbH - Product / Service
- Exhibit 121: Pfeifer Holding GmbH - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 122: Inclusions checklist
- Exhibit 123: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 124: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 125: Research methodology
- Exhibit 126: Validation techniques employed for market sizing
- Exhibit 127: Information sources
- 11.5 List of abbreviations
- Exhibit 128: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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