The Wood Pellets Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Wood Pellets Market?
The size of the wood pellets market has seen significant growth recently. The market value escalated from $11.96 billion in 2024, and it's predicted to reach $13.42 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Wood Pellets Industry?
The Wood Pellets Global Market is projected to reach $21.49 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 12.5%.
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What are the Key Growth Drivers Fueling the Wood Pellets Market?
The key drivers in the wood pellets market are:
• Carbon pricing and emissions reduction initiatives
• Opportunities presented by international trade and exports
• Increasing residential consumption of wood pellets
• Rising demand for renewable energy sources
Global Market Segmentation: Identifying Major Wood Pellets Industry Segments
The wood pellets market covered in this report is segmented –
1) By Feedstock: Forest And Wood Waste Resources, Agricultural Residue and Waste, Food Waste, Virgin Lumber, Energy Crops
2) By Production Process: Sawdust Preparation, Screening, Hammering, Pelletizing, Cooling And Packaging
3) By Application: Heating, Power Generation, Combined Heat And Power (CHP)
4) By End-User: Residential, Commercial, Industrial
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What are the Emerging Trends Shaping the Future of the Wood Pellets Market?
The key trends in the religious buildings market are:
• Advanced pellet production technology is a notable emerging trend.
• Sustainable sourcing is becoming increasingly significant in the market.
• The adoption of pellet certification and standards is a new development.
• There is a marked trend towards more partnerships, collaborations, and R&D in the field.
Who Are the Top Competitors & Leading Players in the Wood Pellets Market?
Major companies in the wood pellets market are:
• Enviva Inc.
• Fram Renewable Fuels LLC.
• Energex American Inc.
• Pinnacle Renewable Energy
• Graanul Invest AS
• Lignetics Inc.
• Asia Biomass Public Company Limited
• Sinclar Group Forest Products
• Wood Pellet Energy UK Ltd.
• Highland Pellets LLC
• Groupe Savoie Inc
• Drax Group plc
• The Westervelt Company
• Forest Energy Corporation
• New England Wood Pellet
• Pacific BioEnergy Corporation
• Maine Woods Pellet Company
• Bear Mountain Forest Products
• Michigan Wood Pellet Fuel LLC.
• Somerset Pellet Fuel
• Trae Fuels Ltd.
• Vermont Wood Pellet Company
• Appalachian Wood Pellets
Regional Dominance: Which Area Leads the Global Wood Pellets Market?
Europe was the largest region in the wood pellets market in 2024
