Wood Pellets Market By Reports And Data
                     Wood Pellets Market To Reach USD 17.16 
Billion By 2027
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       Market  Summary
Rapid industrialization and the growing regulations 
for environmental conservations and the need for 
renewable energy resources are the drivers for the 
growth of the market.
Wood Pellets Market Size – USD 8.75 Billion in 2019, 
Market Growth - CAGR of 9.3%, Market Trends – High 
demand from European countries
            M  a Orkuetr  S Aumpmparroyach
The global Wood Pellets market is forecast to reach USD 17.16 Billion by 2027, according to a new report by 
Reports and Data. Wood pellets are renewable sources of energy, derived from sawdust, wood shaving, dry 
shavings, and others. These offer vital advantages such as cost efficiency and a low impact on the 
environment compared to traditional fuel sources. Wood pellets will be an excellent alternative to fossil fuels, 
especially coal, liquefied petroleum gas, natural gas, and others in the years to come, as they will significantly 
improve the efficiency of the system.
Favorable government policies of the European Union towards renewable energy sources should be a 
determining factor for the prospects for the wood pellet market in the coming years. Various government 
regimes, including tax credits, quotas, auction systems, and lower manufacturing and investment costs due to 
the expansion of production capacity were crucial factors for the deployment of renewable energy sources in 
the region.
Key participants include Canfor, Schweighofer, Stora Enso, Drax Group Plc. Enviva LP, Pinnacle 
Renewable Energy Group, Pacific BioEnergy, Lignetics, Rentech Inc. and Svenska Cellulosa 
Aktiebolaget, among others.
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       M   a r kOeut  Sru Ampmparyoach
Grade Outlook (Revenue, USD Billion; 2017-2027)
• Utility
• Standard
• Premium
Feedstock Type Outlook (Revenue, USD Billion; 2017-2027)
• Forest & Food Waste
• Agriculture Residue
Application Outlook (Revenue, USD Billion; 2017-2027)
• Power Plants
• Residential Heating
• Commercial Heating
• CHP Heating
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       M   a r kOeut  Sru Ampmparyoach
Further key findings from the report suggest
• Europe is expected to have a significant share of the overall wood pellet market over the forecast period. 
The growing demand for products from the residential and industrial sectors should stimulate growth in 
the region in the coming years. The replacement of a coal-fired power plant with a pellet plant will lead to 
demand for products in the industrial sector. Besides, the growing focus on renewable energy sources in 
the region will have a positive impact on the growth of the industry over the forecast period.
• The residential heating sector will represent the second-largest market share of wood pellets throughout 
the forecast period. The growing consumption of products in North America and European countries will 
stimulate growth in the segment. They have taken initiatives to increase dependence on renewable 
energy sources to reduce carbon emissions.
• Premium grades are widely used by the pellet boiler and pellet stoves as a fuel source. Countries like 
Germany, Sweden, Denmark, Austria, and others consume this type of grade for residential heating due to 
cold climates.
Read More @ https://www.reportsanddata.com/report-detail/wood-pellets-market
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