The global Wood-Pellets market is forecast to a readjusted size of USD 9000.1 million by 2029

Global Info Research recently published a research report titled, "Global Wood-Pellets Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029"The analysts authoring the report have estimated the size of the global Wood-Pellets market in terms of value and volume with the use of latest research tools and techniques. The report also includes estimations of market shares, revenue, production, consumption, gross margin, CAGR, and other key factors. Readers can expand their knowledge of business strategies, recent developments, and current as well as future progress of leading players of the global Wood-Pellets market.

Wood pellet is a solid fuel that is produced by crushing and densifying waste timber like sawdust, forestry residues, industrial byproducts like old paper and forestry wastes. The length is 1-2 cm and the diameter is generally 6, 8, 10, or 12mm. It is possible to produce 25mm wood pellet at maximum. In Sweden, 6mm wood pellet is encouraged to use in house as it can realize the best condition of combustion. Wood pellet production doesn't need to add binder as lignin, an element of wood, plays a role of binder and helps to pelletize when it is melted by heat.

According to our (Global Info Research) latest study, the global Wood-Pellets market size was valued at USD 6050.1 million in 2022 and is forecast to a readjusted size of USD 9000.1 million by 2029 with a CAGR of 5.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Wood-Pellets are mainly classified into the following types: white pellet and black pellet. White pellet is the most widely used type which takes up about 97% of the total sales, while the black pellet has a fast growing speed.

Wood-Pellets have wide range of applications, such as power generation, industrial furnace, civil use etc. And power generation was the most widely used area which took up about 61% of the global total.
Europe is the largest consumer of Wood-Pellets in the world. Europe market took up about 57% the global market, while North America and China were about 21%, 8%.
Enviva, Pinnacle, Graanul Invest Group, Drax Biomass International, Vyborgskaya Cellulose and Lignetics, etc. are the key suppliers in the global Wood-Pellets market. Top 5 took up about 32% of the global market.

This report is a detailed and comprehensive analysis for global Wood-Pellets market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

This report profiles key players in the global Wood-Pellets market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Enviva, Pinnacle, Vyborgskaya Cellulose, Rentech and Innogy, etc.

Read More Information:https://www.globalinforesearch.com/reports/992411/wood-pellets