Revenue of Wood Pellets Surpassed US$ 15 Bn in 2019; Co-firing Applications Continue to Signal Prolific Growth Opportunity: Future Market Insights

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
report.

Request report sample with 250+ pages to gain in-depth insights https://www.futuremarketinsights.com/reports/sample/rep-gb-11094

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
    forecast period.
  • 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.
  • Increasing
    investments in the renewable energy sector will drive adoption of bio-based
    wood pellets, particularly in Asia Pacific.

Key Growth Drivers – Wood Pellets Market

  • Growing
    global adoption of renewable energy plays a major role in the sales of wood
    pellets.
  • Favorable
    government incentives and policies contribute to wood pellets demand.
  • Characteristics
    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
    market.
  • Costs
    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
mechanical durability.

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
(FMI)

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.

Contact Us

Mr. Abhishek Budholiya
Future Market Insights
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Valley Cottage, NY 10989,
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Research Report:  https://www.futuremarketinsights.com/reports/wood-pellets-market

Press Release Source: https://www.futuremarketinsights.com/press-release/wood-pellets-market

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