Global Wood Pellets Market Size & Outlook, 2023-2030
Global wood pellets market, 2018-2030 (US$M)
Related Markets
Global wood pellets market highlights
- The global wood pellets market generated a revenue of USD 8,911.1 million in 2023 and is expected to reach USD 13,381.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6% by 2030.
- In terms of segment, heating accounted for a revenue of USD 5,199.5 million in 2023.
- Heating is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 8,911.1 million |
| Market revenue in 2030 | USD 13,381.5 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Heating |
| Fastest growing segment | Heating |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heating, Power Generation, CHP |
Other key industry trends
- In terms of revenue, the North America accounted for 2.3% of the global wood pellets market in 2023.
- By country, the UK is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 559.1 million by 2030.
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Wood Pellets Market Scope
Wood Pellets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global wood pellets market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wood pellets market will help companies and investors design strategic landscapes.
Heating was the largest segment with a revenue share of 58.35% in 2023. Horizon Databook has segmented the Global wood pellets market based on heating, power generation, chp covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Wood Pellets Application Outlook (Revenue, USD Million, 2018-2030)
- Heating
- Power Generation
- CHP
- Global Wood Pellets End-Use Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Industrial
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Target buyers of Global wood pellets market databook
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Our clientele includes a mix of wood pellets market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global wood pellets market , including forecasts for subscribers. This global databook contains high-level insights into Global wood pellets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global wood pellets market size, by regions, 2018-2030 (US$M)
Top 10 countries: Wood pellets market size, 2023 (US$M)
Global wood pellets market share, by application, 2023 & 2030 (%, US$M)
Wood pellets market: Opportunity assessment by country
Global wood pellets market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 286.3 | 352.3 | 184.0 | 191.5 | 199.5 | 208.1 | 217.6 | 228.2 | 239.9 | 253.3 | 268.7 | 286.3 | 306.0 | 5.7% |
| Europe | 5,730.2 | 6,477.6 | 6,563.3 | 6,810.8 | 7,054.9 | 7,324.7 | 7,623.8 | 7,959.3 | 8,332.1 | 8,751.2 | 9,233.4 | 9,787.1 | 10,422.3 | 5.2% |
| Asia Pacific | 999.2 | 1,023.3 | 1,121.5 | 1,174.2 | 1,239.7 | 1,316.7 | 1,410.8 | 1,524.1 | 1,660.8 | 1,826.4 | 2,025.7 | 2,266.1 | 2,556.5 | 9.9% |
| Latin America | 72.0 | 74.1 | 46.6 | 48.5 | 50.6 | 53.0 | 55.6 | 58.5 | 61.9 | 65.9 | 70.7 | 76.3 | 82.8 | 6.6% |
| MEA | 8.6 | 7.6 | 7.5 | 7.8 | 8.2 | 8.6 | 9.0 | 9.5 | 10.2 | 10.9 | 11.7 | 12.7 | 13.8 | 7.1% |
| Overall | 7,096.2 | 7,934.8 | 7,922.9 | 8,232.8 | 8,552.8 | 8,911.1 | 9,316.8 | 9,779.5 | 10,304.9 | 10,907.6 | 11,610.2 | 12,428.4 | 13,381.5 | 6.0% |
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