Major wood pellets manufacturers are focusing on capacity
expansions and strategic collaborations to bolster production rates.
Future Market Insights, Dubai: The
global wood pellets market
reached a valuation of US$ 15 Bn in 2019, witnessing a robust growth outlook
during the forecast period (2019 – 2029). According to a new study by Future
Market Insights (FMI), the market for wood pellets is largely influenced by
increasing concerns over environmental pollution. Government incentives towards
sustainable products will also remain crucial to market build-up.
“Stakeholders in wood pellets market must direct massive pecuniary
resources towards R&D activities for product diversification, along with
capacity expansion initiatives to fortify competitive ascendancy,” reveals the FMI
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Key Research Findings of FMI’s Wood Pellets Market Study
- The use of
wood pellets in co-firing applications will witness prolific growth through the
- Pellet based
power plants are gaining traction over coal based alternatives, bolstering
demand in the industrial sector.
- Europe accounts
for a major revenue share owing to strict emission regulations and the presence
of leading manufacturers.
investments in the renewable energy sector will drive adoption of bio-based
wood pellets, particularly in Asia Pacific.
Key Growth Drivers – Wood Pellets Market
global adoption of renewable energy plays a major role in the sales of wood
government incentives and policies contribute to wood pellets demand.
of high combustion efficiency is resulting in an increased replacement rate,
contributing to market growth.
Key Impediments – Wood Pellets Market
- Low fuel
prices remain the key challenge to manufacturers active in the wood pellets
associated with extensive processing requirements continue to restrict demand growth.
Explore the complete wood pellets market report with 17
illustrative figures, 79 data tables, and the table of contents. Also find a
detailed market segmentation on https://www.futuremarketinsights.com/reports/sample/rep-gb-11094
Competition Structure Analysis – Wood Pellets Market
The competition landscape of wood
pellets market remains largely fragmented and competitive. Key producers are
also pushing for product and cost differentiation, in addition to research on
factors such as melting point, particle density, moisture and ash content, and
Some of the key players in the wood pellets market include, but
are not limited to Pinnacle Renewable Energy Inc., Georgia Biomass LLC,
Energex, Enviva Partners LP, Andritz AG, and Wood Pellet Energy Ltd.
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About the Report
This report offers global,
regional, and national level analysis on the latest trends in the industry
influencing the wood pellets market. The study provides actionable insights on
the wood pellets market on the basis of feedstock type (forest and wood waste
resources, agricultural residue and waste, food waste, virgin lumber, and
energy crops), end use industry (residential and commercial heating,
CHP/district heating, and co-firing), across 30 countries spanning five key
regions (North America, Latin America, Europe, Asia Pacific, and MEA).
About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Mr. Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
T (UK): + 44-(0)-20-7692-8790
Press Office: Press@futuremarketinsights.com
Research Report: https://www.futuremarketinsights.com/reports/wood-pellets-market
Press Release Source: https://www.futuremarketinsights.com/press-release/wood-pellets-market