The demand for biomass fuel is rising and the wood pellet industry is developing rapidly

Wood pellets refer to waste wood through crushing and densification. It is a biofuel made from compressed wood fibers and is mainly derived from wood processing, furniture manufacturing and wood product production. Wood pellets have renewable raw material and waste utilization properties, so they are favored by the market as biofuels. In the context of environmental protection in recent years, the market demand for wood pellets has increased.

Wood pellets are mainly used in civil, power generation, industrial furnaces and other fields. Among them, the power generation sector accounts for more than 50%, and the civil sector ranks second, accounting for about 21%. Benefiting from the global emphasis on carbon reduction and the development of the biomass energy power generation industry, the global market demand for wood pellets continues to rise. It is estimated that by 2022, global wood pellet sales will be approximately 30.4 billion tons, with a market size of approximately US$4.6 billion.

According to the “2021-2026 Wood Pellets Industry Market In-depth Research and Investment Prospects Forecast Analysis Report released by the Industrial Research Center shows that in Globally, wood pellet production is mainly concentrated in Europe, North America, China and other countries and regions. North America (mainly Canada and the United States) is the largest wood pellet production region, accounting for more than 45% of the production, followed by Europe, accounting for The ratio is about 35%. In terms of market demand, Europe is the largest consumer market for wood pellets. In 2019, the European wood pellet market value reached US$2.8 billion, of which the UK’s annual consumption of wood pellets reached 8.15 million tons. In France, Germany, Italy and other countries, wood pellets have been used in industrial heating, residential and other fields, and the market is highly popular.

India, Malaysia and Vietnam are the world’s major wood exporting countries, but the sales volume of wood pellets is relatively low. Driven by the European market, in order to meet domestic bioenergy needs, countries have increased wood pellet production capacity. In the future, wood pellet production in the Asia-Pacific region will continue Rising, the demand for wood pellets is expected to reach 8 million tons by 2027.

There are many wood pellet manufacturers in the world, such as Enviva, DEVOTION, PFEIFER, Rentech, RWE, Pinnacle, Protocol Energy, etc. Canadian production companies include Pinnacle, Rentech, Pacific BioEnergy, and Latvian production companies include Graanul Invest Group, which is a major global Wood Pellets Suppliers.

Industry analysts said that wood pellets, as waste wood, are used as biofuels, which not only solves the waste of resources, but also satisfies the needs of various countries. Energy consumption requirements, therefore application demand is high in the world, especially in the European market. Globally, North America and Europe are the main production and consumption regions of wood pellets. Although the Asia-Pacific region is the main export region of wood, it does not pay attention to the development of the wood pellet industry, so sales and demand are low. Driven by the North American and European markets, it is expected that the Asia-Pacific region will become the main driving force for the development of the wood pellet industry in the future, and my country’s wood pellet market has received attention.