Allied Market Research

2024

Biomass Pellets Market

Biomass Pellets Market Size, Share, Competitive Landscape and Trend Analysis Report by Source and by APPLICATION : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Bulk Chemicals

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Author's: | Eswara Prasad
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Biomass pellets is a biofuel which is made from organic matter or biomass including wood wastes and sawdust. Biomass can be simply defined as organic matter used as fuel. Biomass pellet is a cost-effective, clean-burning and renewable fuel. It significantly decreases pollutant emissions and improves the thermal value of biomass waste during heating. Biomass pellets emits the lowest greenhouses gases, hence, it does not contribute to global warming. These pellets are used as a substitute for coal in power plants, for heating boilers and stoves. 

Biomass pellets are manufactured from waste including tree tops, coconut shells, palm kernel shells, and fruit bunches. They are the most important sustainable source of energy as the fossil-fuel reserves run out and carbon emission restrictions become more stringent. Biomass pellets are used in coal-fired boilers to minimize the carbon emissions from factories. The benefits of biomass pellets are easy to store & transport, low carbon emission, efficient, reliable, and scalable combustion. These pellets are gaining remarkable popularity among end users, who are attempting to reduce the carbon emanations and accomplish economic improvement.

Rise in demand for less carbon emission fuel, government initiative for renewable energy, easy availability of raw material, and rapid depletion of fossil fuels are some of the factors that drive the demand for biomass pellets.  Biomass pellets are used in coal-fired boilers to minimize the carbon emissions from factories. The benefits of biomass pellets are easy to store & transport, low carbon emission, efficient, reliable, and scalable combustion. These factors collectively contribute toward the global market growth. 

However, factors such as expensive extraction process, low product quality, and high cost of raw materials restrain the growth of the market. In Asia-Pacific region, favorable government regulations are shifting the focus on adopting non-conventional energy sources, which expected to offer new growth opportunities during the forecast period.

The global biomass pellets market is segmented into source, application, and region. Based on source, market is categorized into agricultural residue & waste, forest & wood waste, virgin lumber, food waste, energy crops, industrial waste, and others. Forest & wood waste segment is estimated to account for the prominent market share owing to easy availability. On the basis of application, the market is classified into pellet stove, pellet boilers, free-standing stoves, animal bedding, combined heat and power (CHP), commercial heating, residential heating, power generation, and others.

Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these regions, Europe is anticipated to be the largest regional market owing to increased government initiatives for the adoption of renewable technologies and the low GHG emissions.

Key players operating in the global biomass pellets market are New England Wood Pellet, Drax Group plc, Forest Energy Corporation, Energex Corporation, International WoodFuels LLC, Buhler AG, Enviva, Pinnacle Renewable Energy Inc., ANVIETPHAT, and Sumitomo Corporation. Major players have acquired various strategies such as acquisitions, partnerships, collaboration, joint ventures, agreements, expansions, and new product launches to gain a strong consumer base in the market.

KEY BENEFITS FOR STAKEHOLDERS:

  • The global biomass pellets market size has been analyzed across all regions
  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
  • The market analysis covers in-depth information of major aircraft lighting protection industry participants.

Biomass Pellets Market Report Highlights

Aspects Details
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By Source
  • Agricultural Residue & Waste
  • Forest & Wood Waste
  • Virgin Lumber
  • Food Waste
  • Energy Crops
  • Industrial Waste
  • Others
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By APPLICATION
  • Pellet Stove
  • Pellet Boilers
  • Free-Standing Stoves
  • Animal Bedding
  • Combined Heat and Power (CHP)
  • Commercial Heating
  • Residential Heating
  • Power Generation
  • Others
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (UK, Germany, France, Rest of Europe)
  • Asia-Pacific  (China, India, japan, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

Pinnacle Renewable Energy Inc., Forest Energy Corporation, Drax Group plc, Enviva, Buhler AG, International WoodFuels LLC, ANVIETPHAT, Sumitomo Corporation, New England Wood Pellet, Energex Corporation

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Biomass Pellets Market

Global Opportunity Analysis and Industry Forecast, 2023-2032