According to The Insight Partners’ research, the global wood pellet market accounted for US$ 9,630.99 million in 2020 and is slated to grow US$ 23,892.77 million by 2028; it is projected to garner a CAGR of 12.1% during the forecast period. The rising awareness about the consumption of renewable energy sources and the increasing demand for wood pellets from Europe are contributing to the market expansion.

There is an increasing awareness regarding renewable energy sources worldwide. These resources play a vital role in meeting the future energy needs in urban and rural areas. The insufficiency of resources and the adverse environmental impacts of fossil-based products and processes have surged the dependency on renewable energy sources such as wood pellets. There is a shifted interest toward renewable energy as it does not harm the environment as other forms of energy sources. Moreover, renewable energy sources are easily available and cannot be depleted. Wood pellets are categorized under renewable energy sources as they are derived from trees and are a form of biomass. Also, wood pellets are considered an efficient and cost-effective substitute for energy. Therefore, the demand for wood pellets is projected to rise with the increasing investment in renewable energy.

Download the Free PDF Sample Here:

https://www.theinsightpartners.com/sample/TIPRE00004254/

 

The main players profiled in the global wood pellet market report are Andritz; Energex Pellet Fuel, Inc; Enviva Lp; New England Wood Pellet; Pacific Bioenergy; Pinnacle Renewable Energy Inc; Premium Pellet Ltd; Graanul Invest; Wood & Sons; and TANAC.

·         In April 2021, Enviva partnered with Sea Cargo Charter to create a standard global framework for publicly measuring and revealing the climate effect of ship chartering activities.

·         In December 2020, Pacific Bio Energy Corporation was the beneficiary of one of a kind forest management project taking place east of Prince George in the Willow River Demonstration Forest.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876