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    Biomass Pellets Market

    ID: 6700
    140 Pages
    Research Team
    07/2025

    Biomass Pellets Market Research Report Information By Source (Industrial Waste & Co-product, Agriculture Residue, Food Waste, Energy Crops, Virgin Lumber, and Others), By Type (Wood Pellets, Agri Pellets, Torrefied Pellets, and Others), By Application (Power Generation, Industrial Heating, Residential Heating, and Others), and By Region (North America, Europe, Asia-Pacific, and Rest Of The ...

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    Market Summary

    Global Biomass Pellets Market Overview

    Biomass Pellets Market Size was valued at USD 6.9 Billion in 2023. The Biomass Pellet industry is projected to grow from USD 7.28 Billion in 2024 to USD 10.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2024 - 2032). Due to their high burning efficiency, low moisture content, and decreased density, wood pellets are in great demand across a variety of end uses sectors, contributing to the growing need for renewable energy, are the key market drivers enhancing the market growth.

    Biomass Pellets Market

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Biomass Pellets Market Trends

      • Government initiatives encouraging biomass growth is driving the market growth

    Given the advantages provided by biomass, biomass pellets are a significant source of energy. In addition to being renewable and carbon neutral, biomass pellets are also easily accessible. These factors have led to numerous programs and subsidies being granted by most governments. These programs and financial aid encourage the use of energy made from biomass, such as biomass pellets. In North America, for instance, the Biomass Thermal Utilization Act (BTU Act) of 2019 aims to acknowledge and promote the economic and environmental advantages of fuels and energy sources derived from biomass. This law offers home and business applications using clean wood heating systems a 15% to 30% rebate.

    In India, the Biomass Power and Cogeneration initiative was put into place by the Ministry of New and Renewable Energy. This project's main goal is to encourage the usage of biomass pellets. It also encourages the production of energy using conventional fuels like coal. In India, among other places, this effort is used for cogeneration in sugar refineries and thermal power plants. The establishment of biomass power and bagasse cogeneration projects is facilitated by loans and advantageous subsidies from the Indian Renewable Energy Development Agency (IREDA). It is anticipated that these policies will promote the use of biomass pellets.

    Demand for renewable energy sources has increased significantly, which is one of the main drivers fueling market expansion. Because of this, many businesses in the electricity sector are moving toward using these pellets. Regulatory agencies and international organizations from all over the world are concentrating on the adoption of rigorous environmental restrictions in response to growing worries about warming. As a result, biomass pellets are emerging as one of the crucial effective options that might aid in lessening the dependence on fossil fuels. In addition, these pellets are considered a viable option for reducing emissions of greenhouse gases. Thus, driving the Biomass Pellets market revenue.

    Enviva and J-Power agreed on a long-term deal in November 2021 whereby Enviva would extensively supply sustainable wood biomasses sourced from its production facilities located in the Southeast US to J-Power-owned coal-fired power reactors in Japan. Enviva and Jay Power reached the agreement that allowed Enviva to extensively source fuel for Jay Power’s coal-fired electricity generating plants in Japan from its operations based in the eastern part of the United States. 

    Biomass Pellets Market Segment Insights

    Biomass Pellets Source Insights

    The Biomass Pellets market segmentation, based on Source, includes industrial waste & co-product, agriculture residue, food waste, energy crops, virgin lumber, and others. During the anticipated period, the agricultural residue segment is anticipated to continue to rule the market as it did in 2022. Agriculture has a large GDP contribution in nations like Brazil, India, and others. In these nations, crop residue is abundant and widely available. The manufacturing of biomass pellets uses this surplus. Pellets made from agricultural waste, or biomass, are becoming more popular.

    Biomass Pellets Type Insights

    The Biomass Pellets market segmentation, based on Type, includes wood pellets, agri pellets, torrefied pellets, and others. In 2022, the wood pellets category led the world market for biomass pellets. One of the main causes impacting the unavoidable increase in the growth rate is the growing demand for wood pellets in the residential and commercial heating sectors, which is compelling producers to create them in large quantities. The wood pellets market is experiencing robust growth driven by increasing demand for renewable energy sources and supportive government policies promoting sustainable fuel alternatives

    Biomass Pellets Application Insights

    The Biomass Pellets market segmentation, based on application, includes power generation, industrial heating, residential heating, and others. The biomass pellets market was dominated by the power generation sector in 2022. As demand increases as a result of factors like urbanization, industrialisation, and population development, governments around the world are striving to switch to biomass power generation. As rural electrification makes it possible for decentralized energy generation, which is predicted to drive the market during the forecasted period, demand for biomass gasifiers is rising.

    Figure 1: Biomass Pellets Market, by Application, 2023 & 2032 (USD Billion)

    Biomass Pellets Market, by Application

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Biomass Pellets Regional Insights

    By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Europe Biomass Pellets market dominated this market in 2022 (45.80%). For the purpose of generating electricity, Europe is the top consuming region for wood pellets. Due to government incentives for using renewable energy sources, it is predicted that demand for biomass pellets would rise throughout the projection period. Further, the German Biomass Pellets market held the largest market share, and the U.K Biomass Pellets market was the fastest growing market in the European region

    Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 2: BIOMASS PELLETS MARKET SHARE BY REGION 2023 (USD Billion)

    BIOMASS PELLETS MARKET SHARE BY REGION

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    The North America Biomass Pellets Market is expected to register significant growth from 2023 to 2032. Due to the increasing number of power plants in the area, it is anticipated that the need for biomass pellets used to fuel power plants for the production of electricity will increase significantly. Further, the U.S. Biomass Pellets market held the largest market share, and the Canada Biomass Pellets market was the fastest growing market in the North America region.

    The Asia Pacific Biomass Pellets market, accounted for the healthy market share in 2022. In the east and in the province of Guangdong, China has outlawed the use of coal-fired boilers. Additionally, market expansion is predicted to be fueled by the low cost of pellets in the aforementioned regions. Moreover, China’s Biomass Pellets market held the largest market share, and the Indian Biomass Pellets market was the fastest growing market in the Asia-Pacific region. The biomass pellets market in India is driven by increasing demand for renewable energy and government initiatives promoting sustainable fuel alternatives.

    Biomass Pellets Key Market Players & Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Biomass Pellets market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Biomass Pellets industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Biomass Pellets industry to benefit clients and increase the market sector. In recent years, the Biomass Pellets industry has offered some of the most significant advantages to medicine. Major players in the Biomass Pellets market, including Drax Group Plc, Enviva, German Pellets GmbH, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics, Zilkha Biomass Energy, Fram Fuels, Abellon CleanEnergy Limited, Ecostan, JP Green Fuels, The Westervelt Company, Inc, Forest Energy Corporation, and New England Wood Pellet, are attempting to increase market demand by investing in research and development operations.

    Previously known as Enviva Partners LP, Enviva Inc (Enviva) is a provider of utility-grade wood pellets. The business collects wood fiber from natural resources and transforms it into a transportable form. Wood pellets and wood chips, which are processed forms of woody biomass fuels, make up its products. The corporation runs large-scale manufacturing facilities in the US Mid-Atlantic and Gulf Coast regions. In order to ship and sell wood pellets to power plants in the UK and Europe, Enviva also has access to rivers and railroads. Additionally, it offers terminaling services to owners of other bulk commodities as well as to producers of wood pellets outside of its own operation. The US city of Bethesda, Maryland, is home to Enviva's headquarters. Enviva, Inc. and J-Power, a Tokyo-based utility, agreed into a long-term partnership in November 2021 for the large-scale supply of sustainable wood biomass from Enviva's production facilities in the Southeast of the United States to J-Power's coal-fired power plants in Japan.

    The company A.P. Moller - Maersk AS (APMM) offers logistics and transportation services. Through its subsidiaries and affiliates, it runs ports and shipping containers. The business provides intermodal transportation and transports dry goods, refrigerated freight, special cargo, as well as sells secondhand containers. Maersk Line, Damco, APM Terminals, Svitzer, Twill, Sealand, Hamburg Sud, Alianca, Maersk Container Industry, and Maersk Training are some of APMM's principal brands. Additionally, the business produces dry and chilled containers. APMM provides services to the manufacturing, shipbuilding, retail, and logistics sectors. In addition to Asia-Pacific, the corporation is present in North America, the Middle East, Europe, and Africa. Copenhagen, Denmark serves as the home office for APMM. The largest geothermal heating plant in the EU will be developed and run by A.P. Moller Holding's Innargi geothermal heating company near Aarhus, Denmark. The arrangement is for 30 years.

    Key Companies in the Biomass Pellets market include

      • Drax Group Plc
      • Enviva
      • German Pellets GmbH
      • Pinnacle Renewable Energy Inc
      • Lignetics
      • Zilkha Biomass Energy
      • Fram Fuels
      • Abellon CleanEnergy Limited
      • Ecostan
      • The Westervelt Company, Inc
      • Forest Energy Corporation
      • New England Wood Pellet

    Biomass Pellets Industry Developments

    Pinnacle Renewable Energy Inc.’s purchase by Drax Group PLC that concluded last year made bioenergy with carbon capture& storage (BECCS) available so as to permanently take out carbon dioxide from the atmosphere. It is zero-emission energy generation which involves capturing CO2 produced by burning organic materials like biomass and utilizing it instead of being released into the air as an energy source. 

    The Biomass Thermal Utilization Act (BTU Act) of 2019 is an attempt made in North America to acknowledge the benefits of environmentally friendly and renewable fuels derived from biomass. This law allows fifteen percent (15%) to thirty percent (30%) credit for clean wood heating systems used both residentially and commercially.

    NCBI projected two hundred eighty-one million metric tons of biomass by 2030-2031. Replacing coal with other energy, such as electricity, can help mitigate approximately two hundred five million metric tons of CO2 by the year 2030-31. Also, agricultural residues will soon increase the demand for biomass pellets. Enviva is currently the largest producer of wooden pellets. Which on June 2023 announced that construction activities had started for a new plant producing wood pellets in Sumter County, Florida, USA.

    October 2024: WKE is a company committed to using alternative fuels in the manufacturing process. They have added more pellet sizes to their product line – 9mm and 6mm gradual columns for cement kilns with longer burning time and lesser residual mass and 16mm columns for biomass facilities. These advancements are intended to alleviate major problems in the industry and satisfy the rising needs of both the UK and overseas markets. The new range of pellet sizes is a giant leap towards the accomplishment of their goal to sell cleaner, cheaper and greener substitute fuels. By providing custom-tailored products for specific sectors like cement, they will also help these energy-intensive industries further reduce their fossil fuel reliance while reducing their energy expenditure and managing the large volume of waste flying to landfills.

    In May 2024, Malakoff Corporation Berhad, along with MAXIM, took the initiative and implemented the Biomass Co-Firing project combining this technology on its 2,100 MW coal-fired Tanjung Bin Power Plant (TBPP) situated at Johor Pontian. As part of these efforts, which include the Government of Malaysia`s National Energy Transition Roadmap (NETR), on May 1, 2017, Malakoff committed to achieving a 45% reduction in carbon intensity and a 70% share of Renewable Energy mix by the year of 2050. This main project hopes to have TBPP operating with 15% biomass co-firing with coal by 2027. After a successful trial of a 0.5% biomass blend in December 2022, Malakoff started last year an investment campaign to expand up to a total of 2% biomass co-firing capacity in the first quarter of 2024, aiming to improve it between 3%-5% in 2025, with a final objective of reaching 15% by 2027. It will further improve the stability of the grid, consistent with Malaysia`s objectives of a Just Energy Transition which aspires to a holistic green economy with opportunities and jobs benefiting all people and addressing energy security, sustainability and affordability simultaneously.

     

    Biomass Pellets Market Segmentation

    Biomass Pellets: Source Outlook

      • Industrial Waste & Co-product
      • Agriculture Residue
      • Food Waste
      • Energy Crops
      • Virgin Lumber
      • Others

    Biomass Pellets Type Outlook

      • Wood Pellets
      • Agri Pellets
      • Torrefied Pellets
      • Others

    Biomass Pellets Application Outlook

      • Power Generation
      • Industrial Heating
      • Residential Heating
      • Others

    Biomass Pellets Regional Outlook

      • North America
        • US
        • Canada
      • Europe
        • Germany
        • France
        • UK
        • Italy
        • Spain
        • Rest of Europe
      • Asia-Pacific
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • Australia
        • Rest of Asia-Pacific
      • Rest of the World
        • Middle East
        • Africa
        • Latin America

    Market Size & Forecast

    Report Attribute/Metric Details
    Market Size 2023 USD 6.9 Billion
    Market Size 2024 USD 7.28 Billion
    Market Size 2032 USD 10.5 Billion
    Compound Annual Growth Rate (CAGR) 5.50% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Source, Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Drax Group Plc, Enviva, German Pellets GmbH, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics, Zilkha Biomass Energy, Fram Fuels, Abellon CleanEnergy Limited, Ecostan, JP Green Fuels, The Westervelt Company, Inc, Forest Energy Corporation, and New England Wood Pellet
    Key Market Opportunities Strict environmental poilicies over CO2 emission
    Key Market Dynamics The rising demand for renewable energy, increasing production of wood pellets, and demand among various end-use industries due to its high burning efficiency, low moisture content, and lower density

    Major Players

    Biomass Pellets Source Outlook (USD Billion, 2018-2032)

    • Industrial Waste & Co-product

    • Agriculture Residue

    • Food Waste

    • Energy Crops

    • Virgin Lumber

    • Others

    Biomass Pellets Type Outlook (USD Billion, 2018-2032)

    • Wood Pellets

    • Agri Pellets

    • Torrefied Pellets

    • Others

    Biomass Pellets Application Outlook (USD Billion, 2018-2032)

    • Power Generation

    • Industrial Heating

    • Residential Heating

    • Others

    Biomass Pellets Regional Outlook (USD Billion, 2018-2032)

    • North America Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • US Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Canada Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

    • Europe Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Germany Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • France Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • UK Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Italy Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Spain Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • China Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Japan Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • India Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Australia Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

    • Rest of the World Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Middle East Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Africa Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

      • Latin America Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source

        • Industrial Waste & Co-product

        • Agriculture Residue

        • Food Waste

        • Energy Crops

        • Virgin Lumber

        • Others

      • Biomass Pellets by Type

        • Wood Pellets

        • Agri Pellets

        • Torrefied Pellets

        • Others

      • Biomass Pellets by Application

        • Power Generation

        • Industrial Heating

        • Residential Heating

        • Others

    Market Trends

    Global Biomass Pellets Market Overview

    Biomass Pellets Market Size was valued at USD 6.9 Billion in 2023. The Biomass Pellet industry is projected to grow from USD 7.28 Billion in 2024 to USD 10.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2024 - 2032). Due to their high burning efficiency, low moisture content, and decreased density, wood pellets are in great demand across a variety of end uses sectors, contributing to the growing need for renewable energy, are the key market drivers enhancing the market growth.

    Biomass Pellets Market

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Biomass Pellets Market Trends

      • Government initiatives encouraging biomass growth is driving the market growth

    Given the advantages provided by biomass, biomass pellets are a significant source of energy. In addition to being renewable and carbon neutral, biomass pellets are also easily accessible. These factors have led to numerous programs and subsidies being granted by most governments. These programs and financial aid encourage the use of energy made from biomass, such as biomass pellets. In North America, for instance, the Biomass Thermal Utilization Ac...

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    Get detailed insights about Biomass Pellets Market

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    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Biomass Pellets Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 6.9 Billion
    Market Size 2024 USD 7.28 Billion
    Market Size 2032 USD 10.5 Billion
    Compound Annual Growth Rate (CAGR) 5.50% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Source, Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Drax Group Plc, Enviva, German Pellets GmbH, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics, Zilkha Biomass Energy, Fram Fuels, Abellon CleanEnergy Limited, Ecostan, JP Green Fuels, The Westervelt Company, Inc, Forest Energy Corporation, and New England Wood Pellet
    Key Market Opportunities Strict environmental poilicies over CO2 emission
    Key Market Dynamics The rising demand for renewable energy, increasing production of wood pellets, and demand among various end-use industries due to its high burning efficiency, low moisture content, and lower density

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What was the biomass pellets market valuation in 2018?

    The biomass pellets market valuation was USD 8.7 billion in 2018.

    What would be the CAGR for the biomass pellet market during the forecast period of 2019 to 2025?

    The CAGR would be 9% during the forecast period of 2019 to 2025.

    What would be the fastest-growing region in the biomass pellets market?

    The biomass pellets market would grow with the fastest speed in the Asia Pacific region.

    What drives the North American market ahead?

    The high consumption of wood pellets in residential heating and commercial heating projects can trigger market growth.

    Who are the major exporters in the Asia Pacific region for the biomass pellets market?

    China and Thailand are the major exporters.

    1. Executive Summary
    2. Market Introduction
      1. Scope of the Study
      2. List of Assumptions
    3. Market Research Methodology
      1. Research Process
      2. Primary Research
      3. Secondary Research
      4. Market Size Estimation
      5. Forecast Model
    4. Market Dynamics of Global Biomass Pellets Market
      1. Introduction
      2. Drivers
      3. Restraints
      4. Opportunities
      5. Challenges
      6. Trends/Type
    5. Market Factor Analysis of Global Biomass
      1. Supply Chain Analysis
        1. Raw Source Suppliers
        2. Manufacturers/Producers
        3. Distributors/Retailers/Wholesalers/E-Commerce
        4. End Users
      2. Porter’s Five Forces Analysis
        1. Threat
        2. Bargaining Power of Buyers
        3. Bargaining Power
        4. Threat of Substitutes
        5. Intensity of Competitive
      3. Pricing Analysis
      4. Introduction
      5. Industrial Waste and Co-Products
        1. Market Estimates
        2. Market Estimates & Forecast, by Region,
      6. Agriculture Residue
        1. Market Estimates & Forecast,
        2. Market Estimates & Forecast, by Region, 2023-2032
        3. Market Estimates & Forecast, 2023-2032
        4. Market
      7. Energy Crops
        1. Market Estimates & Forecast,
      8. Virgin lumber
        1. Market Estimates &
        2. Market Estimates & Forecast, by Region, 2023-2032
      9. Others
        1. Market Estimates & Forecast, 2023-2032
        2. Market
      10. Introduction
      11. Power Generation
        1. Market
        2. Market Estimates & Forecast,
      12. Industrial Heating
        1. Market Estimates &
        2. Market Estimates & Forecast, by Region, 2023-2032
      13. Residential Heating
        1. Market Estimates & Forecast, 2023-2032
        2. Market Estimates & Forecast, by Region, 2023-2032
      14. Others
        1. Market Estimates & Forecast, 2023-2032
        2. Market Estimates &
      15. Introduction
      16. Wood Pellets
        1. Market Estimates & Forecast,
        2. Market Estimates & Forecast, by Region, 2023-2032
        3. Market Estimates & Forecast, 2023-2032
        4. Market
      17. Torrefied Pellets
        1. Market Estimates & Forecast,
      18. Others
        1. Market Estimates & Forecast,
        2. Market Estimates & Forecast, by Region, 2023-2032
      19. Introduction
      20. North America
        1. Market Estimates & Forecast, 2023-2032
        2. Market Estimates &
        3. Market Estimates & Forecast, by Application,
        4. Market Estimates & Forecast, by Type, 2023-2032
        5. Canada
      21. Europe
        1. Market Estimates &
        2. Market Estimates & Forecast, by Source, 2023-2032
        3. Market Estimates & Forecast, by Application, 2023-2032
        4. Market
        5. Germany
        6. Italy
        7. Spain
        8. Russia
        9. Poland
        10. Rest
      22. Asia-Pacific
        1. Market Estimates & Forecast,
        2. Market Estimates & Forecast, by Source, 2023-2032
        3. Market Estimates
        4. China
        5. India
        6. Japan
        7. Australia & New Zealand
      23. Middle East & Africa
        1. Market Estimates & Forecast,
        2. Market Estimates & Forecast, by Application,
        3. Market Estimates & Forecast, by Type, 2023-2032
        4. Israel
        5. North Africa
        6. Rest of Middle East & Africa
        7. Market Estimates & Forecast, 2023-2032
        8. Market
        9. Market Estimates &
        10. Market Estimates & Forecast,
        11. Brazil
        12. Mexico
        13. Rest of Latin America
      24. Introduction
      25. Market Strategy
      26. Key Development Analysis
      27. Drax Group plc
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Key Developments
        5. SWOT Analysis
      28. Enviva
        1. Company Overview
        2. Financial Updates
        3. Product/Business
        4. Strategy
        5. Key Developments
        6. SWOT
      29. German Pellets GmbH
        1. Company Overview
        2. Product/Business Segment Overview
        3. Strategy
        4. Key Developments
        5. SWOT Analysis
      30. AS Graanul Invest
        1. Company Overview
        2. Financial Updates
        3. Product/Business
        4. Strategy
        5. Key Developments
        6. SWOT
      31. Pinnacle Renewable Energy Inc
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Key Developments
        5. SWOT Analysis
      32. Lignetics
        1. Company Overview
        2. Financial Updates
        3. Product/Business
        4. Strategy
        5. Key Developments
        6. SWOT
      33. Zilkha Biomass Energy
        1. Company Overview
        2. Product/Business Segment Overview
        3. Strategy
        4. Key Developments
        5. SWOT Analysis
      34. Premium Pellets Ltd
        1. Company Overview
        2. Financial Updates
        3. Product/Business
        4. Strategy
        5. Key Developments
        6. SWOT
      35. Fram Fuels
        1. Company Overview
        2. Financial
        3. Product/Business Segment Overview
        4. Strategy
        5. SWOT Analysis
      36. Abellon CleanEnergy Limited
        1. Company Overview
        2. Financial Updates
        3. Product/Business
        4. Strategy
        5. Key Developments
      37. Ecostan
        1. Company Overview
        2. Financial
        3. Product/Business Segment Overview
        4. Strategy
        5. Key Developments
        6. SWOT Analysis
      38. JP Green Fuels
        1. Company Overview
        2. Financial Updates
        3. Product/Business
        4. Strategy
        5. Key Developments
      39. The Westervelt company, Inc
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Key Developments
        5. SWOT Analysis
      40. Forest
        1. Company Overview
        2. Financial Updates
        3. Product/Business Segment Overview
        4. Strategy
        5. Key
        6. SWOT Analysis
      41. New England Wood Pellet
        1. Financial Updates
        2. Product/Business Segment
        3. Strategy
        4. Key Developments
        5. SWOT Analysis
    6. North America: Biomass Pellets Source Market, by Country, 2023-2032
    7. Europe: Biomass Pellets Source Market, by Country, 2023-2032

    Biomass Pellets Source Outlook (USD Billion, 2018-2032)

    • Industrial Waste & Co-product
    • Agriculture Residue
    • Food Waste
    • Energy Crops
    • Virgin Lumber
    • Others

    Biomass Pellets Type Outlook (USD Billion, 2018-2032)

    • Wood Pellets
    • Agri Pellets
    • Torrefied Pellets
    • Others

    Biomass Pellets Application Outlook (USD Billion, 2018-2032)

    • Power Generation
    • Industrial Heating
    • Residential Heating
    • Others

    Biomass Pellets Regional Outlook (USD Billion, 2018-2032)

    • North America Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • US Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Canada Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

    • Europe Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Germany Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • France Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • UK Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Italy Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Spain Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • China Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Japan Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • India Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Australia Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

    • Rest of the World Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Middle East Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Africa Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others

      • Latin America Outlook (USD Billion, 2018-2032)

      • Biomass Pellets by Source
        • Industrial Waste & Co-product
        • Agriculture Residue
        • Food Waste
        • Energy Crops
        • Virgin Lumber
        • Others
      • Biomass Pellets by Type
        • Wood Pellets
        • Agri Pellets
        • Torrefied Pellets
        • Others
      • Biomass Pellets by Application
        • Power Generation
        • Industrial Heating
        • Residential Heating
        • Others
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