The Global Wood Chips Market size is expected to grow from USD 8.49 billion in 2022 to USD 15.48 billion by 2030, at a CAGR of 7.8% during the forecast period (2023-2030).
Larger pieces of wood are chopped or chipped to create woodchips from small to medium-sized wood fragments such branches, trees, stumps, and waste from forestry activities. Woodchips can be used as a biomass solid fuel and are the starting material for the production of wood pulp. They can be used as an organic mulch for gardening, landscaping, and ecosystem restoration, as well as a substrate for the growth of mushrooms. Wood chipping is the process of making woodchips with a wood chipper. What kind of woodchips are created after chipping depends on the type of wood chipper that is used and the material that is used to make the chips.
Woodchips can also be made from forestry trash, such as branches, tree crowns, unsaleable components, and undersized trees. Despite their benefits, the stability and long-term growth of the forests that provide the wood chips may be compromised by their increased use. Furthermore, one of the bioenergy sectors with the fastest rate of growth worldwide in recent years is wood pellets. Consequently, during the course of the projection period, the market's expansion is accelerated by the growing demand for wood chips.
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Top Key Players Covered In Wood Chips Market
St. Boniface Pallet, American Wood Resources, Axpo Group, Great Northern Timber, EVOWORLD GmbH, Mitsui & Co., Ltd., Cogent Fibre, Enviva Pellets, Oji Holdings, Orsted A/S, Sojitz Corporation, Verdo A/S, and other major players.
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Segmentation Analysis of the Wood Chips Market
By Product Type
- Softwood
- Hardwood
- Others
By Raw Material
- Forest Chips
- Wood Residue Chips
- Sawing Residue Chips
- Short Rotation Coppice Chips
By Application
- Combined Heat and Power
- Residential and Commercial Heating
- Playground Surfacing
- Pulp Manufacturing
- Mulch
- Others
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Regional Analysis Of Wood Chips Market
Asia Pacific economies, notably China and Japan, are experiencing an increase in demand for these chips in the commercial energy generation sector, which is boosting the regional market. The inclusion of precondition constraints in the Renewable Energy Directive 2 (RED 2) and the existence of GHG emission criteria in developing nations together are likely to promote market expansion.
Europe is expected to hold a significant market share of the global wood chips market, closely followed by South and North America. Historically, small-scale (20MW) facilities in Europe have generated heat and electricity using wood chips. For this purpose, local wood is typically used. For many years, West Africa has provided wood chips for energy, albeit in relatively tiny quantities. In Europe, the majority of the time, wood that has been grown locally is used to generate heat.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Market Scope & Trends:
The report provides comprehensive market insights for industry stakeholders, including an explanation of complicated market data in simple language, the industry’s history and present situation, as well as expected market size and trends. The research investigates all industry categories, with an emphasis on key companies such as market leaders, followers, and new entrants. The paper includes a full PESTLE analysis for each country. A thorough picture of the competitive landscape of major competitors in the Global Wood Chips market by goods and services, revenue, financial situation, portfolio, growth plans, and geographical presence makes the study an investor’s guide.
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