Biomass Pellets Market Scope And Analysis

  • Report Code : TIPRE00009220
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 163
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Biomass Pellets Market Scope and Analysis by 2030

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Biomass Pellets Market Report Biomass Pellets Market Size and Share Biomass Pellets Market Scope and Analysis

Biomass Pellets Market Report Scope

Report Attribute Details
Market size in 2022 US$ 11 Billion
Market Size by 2030 US$ 16.14 Billion
Global CAGR (2022 - 2030) 4.9%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Source
  • Agricultural Residue
  • Industrial Waste
  • Wood
By Application
  • Power Plants
  • Industrial Heating
  • Residential and Commercial Heating
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Drax Group Plc
  • Enviva Inc
  • AS Graanul Invest
  • Lignetics Inc
  • Valfei Products Inc
  • Mallard Creek Inc
  • Energex American Inc
  • Wismar Pellets GmbH
  • UAB Redal Ltd

    • COVID-19 Impact:

    The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemical & materials industry. The shutdown of manufacturing units of biomass pellets companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Most of the power plants and industrial plants were shut down during the pandemic, decreasing the consumption of biomass pellets. In addition, the pandemic has caused fluctuations in biomass pellets prices. However, various industries revived their operations after supply constraints were resolved. Moreover, the rising demand for biomass pellets from the industrial and residential sectors is substantially promoting the biomass pellets market growth.

    Competitive Landscape and Key Companies:

    A few players operating in the global biomass pellets market include Drax Group Plc, Enviva Inc, AS Graanul Invest, Lignetics Inc, Valfei Products Inc, Mallard Creek Inc, Energex American Inc., Wismar Pellets GmbH, UAB Redal Ltd, and Premium Pellet Ltd. Players operating in the global biomass pellets market focus on providing high-quality products to fulfill customer demand.