The Wood Pellets market size is projected to reach a CAGR of 9.7% from 2022 to 2028.
Wood Pellets is one of the most common types of pellet fuel and is a biofuel made usually from saw dust and industrial waste like coconut fibre & shell, wood remains and old furniture. These are more environment friendly in comparison to the conventional used fossil fuels and thus are an eco-friendly power generation alternative to them. They also have higher combustion ability.
Favourable governmental policies along with the environmental advantages offered by wood pellets over the conventional fuel generation methods are some of the factors that have supported long-term expansion for Wood Pellets Market.
Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the favourable governmental policies and the raised environmental concerns in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 9.7% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD billion and CAGR from 2022 to 2028 |
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Report Segmentation |
application and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Canfor, Schweighofer, Stora Enso, and Drax Group Plc., Enviva LP, Pinnacle Renewable Energy Group, and Pacific BioEnergy |
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Available Customization |
In addition to the market data for Wood Pellets Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Wood Pellets Market is segmented into application and region.
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