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Biomass Pellets Market Size, Share Global Analysis Report, 2020–2026
Biomass Pellets Market By Source (Agriculture Residue, Wood Sawdust, Others) and By End-Use (Power Generation, Industrial Heating, Commercial and Domestic Heating and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[180+ Pages Report] According to the report published by Facts Factors, the global biomass pellets market size was worth around 10,400 million in 2019 and is predicted to grow to around 16,000 million by 2026 with a compound annual growth rate (CAGR) of roughly 9% between 2020 and 2026. The report analyzes the global biomass pellets market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the biomass pellets market.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Biomass Pellets industry. The report analyzes and declares the historical and current trends analysis of the Biomass Pellets industry and subsequently recommends the projected trends anticipated to be observed in the Biomass Pellets market during the upcoming years.
The biomass pellets market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Biomass Pellets market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the biomass pellets market is set to grow annually at a rate of around 9%
- It was recognized through primary research that the biomass pellets market was valued at around USD 10400 million in 2019.
- Europe is expected to hold the largest market share of biomass pellets in terms of revenue, in 2019.
- According to type segmentation the “Wood Sawdust” category, was the leading revenue-generating category in 2019.
- The “Industrial Heating” category, on the basis of application segmentation, contributes to the highest revenue-generating category.
Key Recommendations from Analysts
- As per our Analysts, Europe is projected to have a significant demand for biomass pellets in the forthcoming time owing to a rise in use for room heating applications. Growing awareness about greenhouse emissions and government policies are expected to shift consumers from fossil fuels to biomass pellets.
- Germany and the U.K. are expected to generate major revenue from biomass pellets for the European Region.
- Asia Pacific region is estimated to grow at a significant growth rate in the forecasted period. The significant growth of the Asia Pacific is estimated to get fueled by the rising demand for biomass pellets in the power plant application for electricity generation. China is expected to become the largest contributor to renewable energy in the forecasted period.
- To maintain the high calorific value, biomass pellets are needed to store carefully that increases the overall storage and inventory cost.
- The industrial heating market is expected to grow at a significant rate owing to high efficiency and affordable pricing is driving the industrial heating market in the forecasted time.
Biomass Pellets Market Share in 2019, by Application
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Biomass Pellets industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Biomass Pellets industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Biomass Pellets market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Biomass Pellets industry. The Biomass Pellets market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Biomass Pellets sector. Key strategic developments in the Biomass Pellets market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Biomass Pellets market are appropriately highlighted in the report.
The Biomass Pellets market research report delivers an acute valuation and taxonomy of the Biomass Pellets industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 10,400 Million |
Projected Market Size in 2026 |
USD 16,000 Million |
CAGR Growth Rate |
9% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Westervelt Renewable Energy LLC, Enviva Biomass, Drax Biomass Inc., Renetech Inc., Enviva Partners, LP, German Pellets GmgH, AS Graanul Invest, Pinnacle Renewable Energy Inc., Lignetics Of Idaho Inc., Zilkha Biomass Energy, LLC, Premium Pellets Ltd., Fram Renewable Fuels, Abellon Clean Energy Ltd., Subham Industries, Nishant Bioenergy Private Energy, MVM Bio Green Energy Eco Equipment, Ecostan India Private Ltd., JP Green Fuels, Kushal Timber Private Ltd., Forest Energy Corporation Helius Energy Ltd., New England Wood Pellet., Viridis Energy Inc, International WoodFuels LLC, and Energex. |
Key Segment |
By Source, End-Use, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the Biomass Pellets industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Biomass Pellets industry is provided for the leading economies of the world.
The Biomass Pellets market is segmented based on Source and Application. On the basis of type segmentation, the market is classified into agriculture residue, wood sawdust, and others. In terms of Application segmentation, the market is bifurcated into power generation, industrial heating, commercial and domestic heating, and others.
Competitive Analysis
Some of the essential players operating in the Biomass Pellets market, but not restricted to include:
- Westervelt Renewable Energy LLC
- Enviva Biomass
- Drax Biomass Inc.
- Renetech Inc.
- Enviva Partners
- LP
- German Pellets GmgH
- AS Graanul Invest
- Pinnacle Renewable Energy Inc.
- Lignetics Of Idaho Inc.
- Zilkha Biomass Energy LLC
- Premium Pellets Ltd.
- Fram Renewable Fuels
- Abellon Clean Energy Ltd.
- Subham Industries
- Nishant Bioenergy Private Energy
- MVM Bio Green Energy Eco Equipment
- Ecostan India Private Ltd.
- JP Green Fuels
- Kushal Timber Private Ltd.
- Forest Energy Corporation Helius Energy Ltd.
- New England Wood Pellet.
- Viridis Energy Inc
- International WoodFuels LLC
- Energex
The taxonomy of the Biomass Pellets Market by its scope and segmentation is as follows:
By Source Segmentation Analysis
- Agriculture Residue
- Wood Sawdust
- Others
By Application Segmentation Analysis
- Power Generation
- Industrial Heating
- Commercial and Domestic Heating
- Others
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Westervelt Renewable Energy LLC
- Enviva Biomass
- Drax Biomass Inc.
- Renetech Inc.
- Enviva Partners
- LP
- German Pellets GmgH
- AS Graanul Invest
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