Global Wood Pellet Market (by Applications, Grades & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

Global Wood Pellet Market (by Applications, Grades & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

The global wood pellet market is forecasted to reach US$14.47 billion in 2024, witnessing growth at a CAGR of 12.02%, over the period 2020-2024. The factors such as increasing consumption of wood pellets, mounting concerns regarding climate change, expanding urbanization, surging focus on renewable energy sources and price instability of crude oil are expected to drive the market. A few notable trends include growing adoption for electricity generation, declining coal consumption and growing trend of outdoor kitchen. However, the market would be challenged by high certification criteria and potential occupational health and safety concerns.

The global wood pellet market has been segmented on the basis of applications and grades. In the basis of application, the global wood pellet market can be bifurcated into heat (residential & commercial), power and Combined Heat and Power (CHP). According to the grade, the global wood pellet market can be categorized into Utility, Premium and Standard wood pellet. Whereas, in terms of volume, the market is further divided into production and consumption.

The fastest growing regional market is Europe due to increasing consumption of wood pellets for power generation among various industries across developed regions like U.K., Italy, Germany, France, and Belgium, escalating cost of fossil fuels including natural gas and coal, growing demand for heating applications from the both residential and industrial sector and increasing replacement of coal fired power plants with pellet-based plants. Further, the sudden outbreak of COVID-19 is causing an adverse disruption in the business environment, affecting the wood pellet production and consumption, which is expected to negatively impact the growth of the global wood pellet market during the forecasted period.

Scope of the report:

The report provides a comprehensive analysis of the global wood pellet market segmented on the basis of application, grade and region.
The major regional and country markets (Europe, Americas, Asia Pacific and Rest of the World) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Drax Group Plc, Canfor Corporation, Energy Queensland Limited (Energex), Enviva Partners LP, Pinnacle Renewable Energy Inc. and AS Graanul Invest) are also presented in detail.

Key Target Audience:

Wood Pellet Manufacturers
Traders, Importers, and Exporters
Raw Material Suppliers and Distributors
Industry Investors
Associations, Industrial and Government Bodies


1. Market Overview
1.1 Introduction
Table 1: Sources of Wood Pellets
1.2 Characteristics of Wood Pellet
Table 2: Characteristics of Wood Pellet
1.3 Production Process of Wood Pellets
Table 3: Production Process of Wood Pellets
1.4 Types of Wood Pellets
Table 4: Types of Wood Pellets
1.5 Applications of Wood Pellets
Table 5: Applications of Wood Pellets
1.6 Benefits of Using Wood Pellets
Table 6: Benefits of Using Wood Pellets
2. Impact of COVID-19
2.1 Economic Impact
Table 7: Breakdown of Direct and Indirect Costs of COVID-19 (2020)
2.2 Decline in Industrial Production
Table 8: Decline in Factory Output in the U.S. and China (2019 v/s 2020)
2.3 Impact on Energy Demand
Table 9: Energy Demand Reduction in Europe (March-June 2020)
3. Global Market Analysis
3.1 Global Wood Pellet Market by Value
Table 10: Global Wood Pellet Market by Value (2015-2019)
3.2 Global Wood Pellet Market Forecast by Value
Table 11: Global Wood Pellet Market Forecast by Value (2020-2024)
3.3 Global Wood Pellet Market by Application
Table 12: Global Wood Pellet Market by Application (2019)
3.3.1 Global Heat (Residential and Commercial) Wood Pellet Market by Value
Table 13: Global Heat (Residential and Commercial) Wood Pellet Market by Value (2015-2019)
3.3.2 Global Heat (Residential and Commercial) Wood Pellet Market Forecast by Value
Table 14: Global Heat (Residential and Commercial) Wood Pellet Market
Forecast by Value (2020-2024)
3.3.3 Global Power Wood Pellet Market by Value
Table 15: Global Power Wood Pellet Market by Value (2015-2019)
3.3.4 Global Power Wood Pellet Market Forecast by Value
Table 16: Global Power Wood Pellet Market Forecast by Value (2020-2024)
3.3.5 Global Combined Heat & Power (CHP) Wood Pellet Market by Value
Table 17: Global Combined Heat & Power (CHP) Wood Pellet Market by Value (2015-2019)
3.3.6 Global Combined Heat & Power (CHP) Wood Pellet Market Forecast by Value
Table 18: Global Combined Heat & Power (CHP) Wood Pellet Market Forecast by Value (2020-2024)
3.4 Global Wood Pellet Market by Grade
Table 19: Global Wood Pellet Market by Grade (2019)
3.4.1 Global Utility Grade Wood Pellet Market by Value
Table 20: Global Utility Wood Pellet Market by Value (2015-2019)
3.4.2 Global Utility Grade Wood Pellet Market Forecast by Value
Table 21: Global Utility Grade Wood Pellet Market Forecast by Value (2020-2024)
3.4.3 Global Premium Grade Wood Pellet Market by Value
Table 22: Global Premium Grade Wood Pellet Market by Value (2015-2019)
3.4.4 Global Premium Grade Wood Pellet Market Forecast by Value
Table 23: Global Premium Grade Wood Pellet Market Forecast by Value (2020-2024)
3.4.5 Global Standard Grade Wood Pellet Market by Value
Table 24: Global Standard Grade Wood Pellet Market by Value (2015-2019)
3.4.6 Global Standard Grade Wood Pellet Market Forecast by Value
Table 25: Global Standard Grade Wood Pellet Market Forecast by Value (2020-2024)
3.5 Global Wood Pellet Market by Region
Table 26: Global Wood Pellet Market by Region (2019)
3.6 Global Wood Pellet Market by Production Volume
Table 27: Global Wood Pellet Market by Production Volume (2015-2019)
3.7 Global Wood Pellet Market Forecast by Production Volume
Table 28: Global Wood Pellet Market Forecast by Production Volume (2020-2024)
3.8 Global Wood Pellet Production Volume by Region
Table 29: Global Wood Pellet Production Volume by Region (2019)
3.9 Global Wood Pellet Market by Consumption Volume
Table 30: Global Wood Pellet Market by Consumption Volume (2015-2019)
3.10 Global Wood Pellet Market Forecast by Consumption Volume
Table 31: Global Wood Pellet Market Forecast by Consumption Volume (2020-2024)
3.11 Global Wood Pellet Consumption Volume by Application
Table 32: Global Wood Pellet Consumption Volume by Application (2019)
3.11.1 Global Heat (Residential and Commercial) Wood Pellet Market by Consumption Volume
Table 33: Global Heat (Residential and Commercial) Wood Pellet Market by Consumption Volume (2015-2019)
3.11.2 Global Heat (Residential and Commercial) Wood Pellet Market Forecast by Consumption Volume
Table 34: Global Heat (Residential and Commercial) Wood Pellet Market Forecast by Consumption Volume (2020-2024)
3.11.3 Global Power Wood Pellet Market by Consumption Volume
Table 35: Global Power Wood Pellet Market by Consumption Volume (2015-2019)
3.11.4 Global Power Wood Pellet Market Forecast by Consumption Volume
Table 36: Global Power Wood Pellet Market Forecast by Consumption Volume (2020-2024)
3.11.5 Global Combined Heat & Power (CHP) Wood Pellet Market by Consumption Volume
Table 37: Global Combined Heat & Power (CHP) Wood Pellet Market by Consumption Volume (2015-2019)
3.11.6 Global Combined Heat & Power (CHP) Wood Pellet Market Forecast by Consumption Volume
Table 38: Global Combined Heat & Power (CHP) Wood Pellet Market by Consumption Volume (2020-2024)
3.12 Global Wood Pellet Consumption Volume by Region
Table 39: Global Wood Pellet Consumption Volume by Region (2019)
4. Regional Market Analysis
4.1 Europe
4.1.1 Europe Wood Pellet Market by Value
Table 40: Europe Wood Pellet Market by Value (2015-2019)
4.1.2 Europe Wood Pellet Market Forecast by Value
Table 41: Europe Wood Pellet Market Forecast by Value (2020-2024)
4.1.3 Europe Wood Pellet Market by Production Volume
Table 42: Europe Wood Pellet Market by Production Volume (2015-2019)
4.1.4 Europe Wood Pellet Market Forecast by Production Volume
Table 43: Europe Wood Pellet Market Forecast by Production Volume (2020-2024)
4.1.5 Europe Wood Pellet Market by Consumption Volume
Table 44: Europe Wood Pellet Market by Consumption Volume (2015-2019)
4.1.6 Europe Wood Pellet Market Forecast by Consumption Volume
Table 45: Europe Wood Pellet Market Forecast by Consumption Volume (2020-2024)
4.2 Americas
4.2.1 Americas Wood Pellet Market by Value
Table 46: Americas Wood Pellet Market by Value (2015-2019)
4.2.2 Americas Wood Pellet Market Forecast by Value
Table 47: Americas Wood Pellet Market Forecast by Value (2020-2024)
4.2.3 Americas Wood Pellet Market by Production Volume
Table 48: Americas Wood Pellet Market by Production Volume (2015-2019)
4.2.4 Americas Wood Pellet Market Forecast by Production Volume
Table 49: Americas Wood Pellet Market Forecast by Production Volume (2020-2024)
4.2.5 Americas Wood Pellet Market by Consumption Volume
Table 50: Americas Wood Pellet Market by Consumption Volume (2015-2019)
4.2.6 Americas Wood Pellet Market Forecast by Consumption Volume
Table 51: Americas Wood Pellet Market Forecast by Consumption Volume (2020-2024)
4.3 Asia Pacific
4.3.1 Asia Pacific Wood Pellet Market by Value
Table 52: Asia Pacific Wood Pellet Market by Value (2015-2019)
4.3.2 Asia Pacific Wood Pellet Market Forecast by Value
Table 53: Asia Pacific Wood Pellet Market Forecast by Value (2020-2024)
4.3.3 Asia Pacific Wood Pellet Market by Production Volume
Table 54: Asia Pacific Wood Pellet Market by Production Volume (2015-2019)
4.3.4 Asia Pacific Wood Pellet Market Forecast by Production Volume
Table 55: Asia Pacific Wood Pellet Market Forecast by Production Volume (2020-2024)
4.3.5 Asia Pacific Wood Pellet Market by Consumption Volume
Table 56: Asia Pacific Wood Pellet Market by Consumption Volume (2015-2019)
4.3.6 Asia Pacific Wood Pellet Market Forecast by Consumption Volume
Table 57: Asia Pacific Wood Pellet Market Forecast by Consumption Volume (2020-2024)
4.4 RoW
4.4.1 RoW Wood Pellet Market by Value
Table 58: RoW Wood Pellet Market by Value (2015-2019)
4.4.2 RoW Wood Pellet Market Forecast by Value
Table 59: RoW Wood Pellet Market Forecast by Value (2020-2024)
4.4.3 Oceania Wood Pellet Market by Production Volume
Table 60: Oceania Wood Pellet Market by Production Volume (2015-2019)
4.4.4 Oceania Wood Pellet Market Forecast by Production Volume
Table 61: Oceania Wood Pellet Market Forecast by Production Volume (2020-2024)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Consumption of Wood Pellets
Table 62: Industrial Wood Pellet Demand for the U.K. (2014-2019)
5.1.2 Mounting Concerns Regarding Climate Change
Table 63: Global Carbon Dioxide Emissions (2015-2019)
5.1.3 Expanding Urbanization
Table 64: Global Urban Population (2014-2019)
5.1.4 Surging Focus on Renewable Energy Sources
Table 65: Global Investment in Renewable Energy Sources (2012-2019)
5.1.5 Price Instability of Crude Oil
Table 66: Average Annual Brent Crude Oil Price (2010-2019)
5.2 Key Trends and Developments
5.2.1 Growing Adoption for Electricity Generation
Table 67: Global Projected Electricity Generation (2018-2040)
5.2.2 Declining Coal Consumption
Table 68: Coal Consumption in European Union (2014-2019)
5.2.3 Growing Trend of Outdoor Kitchens
Table 69: Average Daily Time spent Outdoor per capita in Western Europe (2015-2021)
5.3 Challenges
5.3.1 Higher Certification Criteria
5.3.2 Potential Occupational Health and Safety Concerns
6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison of Key Players
Table 70: Revenue Comparison of Key Players (2019)
6.1.2 Market Capitalization Comparison of Key Players
Table 71: Market Capitalization Comparison of Key Players (2020)
6.1.3 Global Industrial Wood Pellet Market Share by Key Players
Table 72: Global Industrial Wood Pellet Market Share by Key Players (2019)
7. Company Profiles
7.1 Drax Group Plc
7.1.1 Business Overview
7.1.2 Financial Overview
Table 73: Drax Group Plc Revenue and Net Profit (2015-2019)
Table 74: Drax Group Plc Revenue by Segment (2019)
7.1.3 Business Strategies
7.2 Canfor Corporation
7.2.1 Business Overview
7.2.2 Financial Overview
Table 75: Canfor Corporation Sales and Net Income (Loss) (2015-2019)
Table 76: Canfor Corporation Sales by Segment (2019)
7.2.3 Business Strategies
7.3 Energy Queensland Limited (Energex)
7.3.1 Business Overview
7.3.2 Financial Overview
Table 77: Energy Queensland Limited (Energex) Revenue and Net Profit (2015-2019)
7.3.3 Business Strategies
7.4 Enviva Partners LP
7.4.1 Business Overview
7.4.2 Financial Overview
Table 78: Enviva Partners LP Net Revenue and Net Income (Loss) (2015-2019)
7.4.3 Business Strategies
7.5 Pinnacle Renewable Energy Inc.
7.5.1 Business Overview
7.5.2 Financial Overview
Table 79: Pinnacle Renewable Energy Inc. Revenue and Net Profit (2015-2019)
Table 80: Pinnacle Renewable Energy Inc. Revenue by Region (2019)
7.5.3 Business Strategies
7.6 AS Graanul Invest
7.6.1 Business Overview
7.6.2 Business Strategies

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