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    Wood Pellet Market | Covid-19 Impact Analysis

    Wood Pellet Market | Covid-19 Impact Analysis

    Wood Pellet Market | Covid-19 Impact Analysis
    Report code - SRCG152 Delivery - 2 Weeks
    Wood Pellet Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Wood Pellet Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Wood Pellet Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Wood Pellet Market Insights

    Wood pellet market is likely to witness an impressive CAGR of 10.5% during the forecast period. Increasing consciousness towards the use of renewable energy sources for space heating in residential and commercial heating, along with the increasing adoption of recyclable and eco-friendly energy sources for power generation are the prime factors that are contributing to the demand for wood pellets. The clean-burning and cost-effective fuel option for heating needs for households is another factor that is driving the demand for wood pellets.

    Wood Pellet Market – Snapshot

    Growth

    10.5% for the next five years

    Major Grade Type

    Utility Grade

    Major Application Type

    Residential

    Region with the highest demand

    Europe

    Key Players

    Stora Enso Oyj, Enviva Partners, LP, Pacific Bioenergy Corporation_, Drax Group plc, AS Graanul Invest, Lignetics, Inc., Ecochipp, Svenska Cellulosa AB, InstantHeat Wood Pellets, Inc., and Pinnacle Renewable Energy Inc.

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    Market Share Analysis

    Wood-Pellet-Market-Dominant-Segments

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    Wood Pellet Market Share: By Grade Type

    Based on the grade type, the market is segmented as premium, standard, and utility. The utility grade segment held the largest share of the market in 2019, and is expected to register the fastest growth during the forecast period. The utility grade segment is mainly driven by its low bulk density compared to that of premium grade wood pellets. The utility grade wood pellets provide benefits for space utilization to the industrial sector and due to this factor the usage of utility grade wood pellets has been growing for the industrial heating applications.

    Wood Pellet Market Share: By Application Type

    Based on the application type, the wood pellet market is segmented as residential, commercial, industrial, and animal bedding. The residential segment held the largest share of the market in 2019. Increasing consumption of wood pellets in North America and major European countries, owing to the growing initiatives to increase dependency on renewable energy sources for reducing carbon emission is the major factor behind the growth of the segment.

    Wood Pellet Market Share: By Region

    In terms of regions, Europe is estimated to be the largest market during the forecast period, with France, Germany, Russia, and the United Kingdom being the major countries with promising growth opportunities. The growth of the region’s market is mainly driven by the growing initiatives towards replacement of coal-fired power plants with pellet-based power plants, along with the growing focus on renewable energy sources in the region to reduce carbon emissions.

    Wood-Pellet-Market-By-Region

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    Some of the major wood pellet manufacturers are-

    • Stora Enso Oyj
    • Enviva Partners
    • LP
    • Pacific Bioenergy Corporation
    • Drax Group plc
    • AS Graanul Invest
    • Lignetics, Inc.
    • Ecochipp
    • Svenska Cellulosa AB
    • InstantHeat Wood Pellets, Inc.
    • Pinnacle Renewable Energy Inc.

     

    Market Scope & Segmentation

    Wood pellets are the biofuels that are manufactured by the process of crushing and densifying waste wood including industrial byproducts such as forestry wastes, old paper, and forestry residues. Wood pellets have come a long way as promising renewable energy sources, which substitute coal and natural gas in various industrial sectors, owing to their low cost and reduced carbon emission. The easy availability of wood pellet feedstock and low cost of production has immensely contributed towards its higher consumption, especially in the industrial sector.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Wood Pellet Market Research Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The wood pellet market is segmented into the following categories. 

    Wood Pellet Market Size, Share, & Forecast, by Grade Type:

    • Premium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Standard (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Utility (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Wood Pellet Market Size, Share, & Forecast, by Application Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Animal Bedding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Wood Pellet Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Wood-Pellet-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the grade type by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Wood Pellet Market in the foreseeable future?

    The wood pellet market is expected to witness an impressive growth of 10.5% CAGR in the foreseeable future.

    Who are the key players in the Wood Pellet Market?

    Stora Enso Oyj, Enviva Partners, LP, Pacific Bioenergy Corporation_, Drax Group plc, AS Graanul Invest, Lignetics, Inc., Ecochipp, Svenska Cellulosa AB, InstantHeat Wood Pellets, Inc., and Pinnacle Renewable Energy Inc are among the key players in the Wood Pellet Market.

    Which country/region is expected to remain the largest Wood Pellet Market?

    Europe is estimated to be the largest wood pellet market during the next five years.

    Which grade type is expected to register the fastest growth in the Wood Pellet Market?

    The utility grade segment is expected to register the fastest growth in the wood pellet market in the coming years.

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