Biomass Pellets Market Size, Segments, and Trends by 2030
Biomass Pellets Market: Strategic Insights
Biomass Pellets Market
-
CAGR (2022 - 2030)4.9% -
Market Size 2022
US$ 11 Billion -
Market Size 2030
US$ 16.14 Billion
Market Dynamics
GROWTH DRIVERS
- Rising Demand for Wood Pellets from Power Generation Industry
- Adoption of Biomass Pellets for Animal Bedding
FUTURE TRENDS
- Significant Investment in Research and Expansion Strategies
OPPORTUNITIES
- Increasing Utilization of Agricultural Residues for Biomass Pellets Production
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Source
- Agricultural Residue
- Industrial Waste
- Wood
Application
- Power Plants
- Industrial Heating
- Residential and Commercial Heating