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Allied Market Research

Wood Chips Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A09019
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Jun 2021 | 141 Views
 
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Wood Chips Market Analysis 2020-2027:

Wood chips are made up by cutting and chipping large pieces of wood such as logging residues, roots, stumps, branches, and wood waste. These are used as raw material for producing wood pulp. Woodchips are organic mulch, which are widely used in gardening, landscaping, and bioreactors for DE nitrification, and as a substrate for mushroom farming. Reducing & preventing soil erosion, water preservation, supporting growth of natural seeds, preservation of soil moisture, improving fertility & health of soil are the key benefits associated with wood chips.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD Million), Volume (Tons)

  Segments covered

  Type, Application, End-use Industry, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa

  Companies covered

Cogent Fibre, Drax Biomass Inc., RentechInc, Enviva Partners LP, German Pellets GmbH, Vividis Energy Inc, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics Of Idaho, Colombo Energy Inc, Premium Pellet Ltd, Agon Biomass, Pellet Power, Blue Sky Biomass, and Bio EnecoSdnBhd

 

COVID-19 scenario analysis 

  • The COVID-19 (coronavirus) pandemic has forced many companies in the wood chips market to halt their business operations to maintain social distancing. This hampered the operations for wood chips market.
  • The power sector is one of the sectors affected due to a nationwide lockdown announced in countries. Lockdowns have caused delays in power projects due to supply chain disturbances with solar and wind projects, unavailability of manpower, and issues in project financing.
  • On the other side, restriction in trade fairs and cross-border trading are expected to further hinder the growth in forecast period.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The major factor influencing the demand for wood chips is increase in demand from the pulp industry. Wood chips are used as a raw material to produce pulp that are burned to produce bio char, which is known as charcoal. Moreover, rise in demand for renewable energy generation contributes toward the market growth. 

However, use of wood pellets as a substitute product of wood chips is expected to hinder the market growth for the wood chip market. On the contrary, price instability due to change in raw material cost, change in weather, and stringent in regulatory norms governing wood cultivation hamper the growth of the market.

Surge in usage in wood chips in industrial applications

Residential heating is one of the prominent applications of wood chips. Rise in prominence for wood chips in the industrial and commercial energy generation is expected to propel the market growth. Furthermore, application of wood chips as raw material for production of wood pulp is expected to drive the market growth in upcoming time period. Rise in demand for wood chips as a composting material is another application, which is responsible for the growth of market. They can further be used for flavor and to improve the smoky taste to barbecued meats and vegetables.

Key segments covered

Segment

Subsegment

  Type

  • Forest Chips
  • Recycled Chips
  • Wood Residue Chips
  • Sawing Residue Chips

  Application

  • Combined Heat & Power (CHP)
  • Household Furnishing
  • Residential Heating
  • wood pulp
  • Others (Playground Surfacing, Barbecue, Mulch, Bio Reactors, and Fuel)

  End-use Industry

  • Utilities/Power Producers
  • Captive
    • Industrial,
    • Commercial 
    • Residential

 

Key benefits of the report

  • This study presents the analytical depiction of the global wood chips market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global wood chips market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Wood chips market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the wood chips market research report:

  • Which are the leading players active in the global wood chips market?
  • What are the upcoming trends in the global wood chips market?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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