Biomass Pellets Market Research Report - Global Forecast till 2027

Global Biomass Pellets Market: Information by Source (Industrial Waste & Co-product, Agriculture Residue, Food Waste, Energy Crops, Virgin Lumber and others), Type (Wood Pellets, Agri Pellets, Torrefied Pellets and others), Application (Power Generation, Industrial Heating, Residential Heating and Others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2027

ID: MRFR/CnM/6700-HCR | February, 2021 | Region : Global

Market Synopsis


Global Biomass Pellet Market accounted for USD 8.7 billion in 2019, registering a CAGR of over 8.1% during the forecast period.


Biomass pellets are biofuels made from compressed organic matter or biomass. Biomass pellets are produced through various sources such as industrial waste, agriculture residue, virgin lumber, food waste, and others. Biomass pellets are of different types such as wood pellets, agri-pellets, and torrefied pellets, among which the demand for wood pellets is the highest across various end-use industries.


In recent years, as part of an effort to increase the renewable energy source while declining fossil fuel consumption, many countries are shifting toward biomass pellets for heat and power generation. This prevailing trend of using a renewable and clean source of energy is fueling the growth of the global biomass pellets market. The biomass pellets have low moisture content, which provides high burning efficiency and has lower density as compared to biomass briquettes, which is expected to boost its demand across various end-use industries. Due to the strict environmental policies over the Co2 emission in European and the Americas, the industrialists are inclining toward clean sources for energy generation, which is expected to provide strong growth impetus to the players operating in the global market during the forecast period.  


The demand-supply deficit is expected to hamper the market growth during the forecast period, as pellets are required to be preserved, which escalates high concerns for both the manufacturers and the suppliers, as bio-pellets consists of low moisture content.


Key Players


Drax Group plc (UK), Enviva (US), German Pellets GmbH (Germany), AS Graanul Invest (Estonia), Pinnacle Renewable Energy Inc (Canada), Lignetics (US), Zilkha Biomass Energy (US), Premium Pellets Ltd (Canada), Fram Fuels (US), Abellon CleanEnergy Limited (India), Ecostan (India), JP Green Fuels (India), The Westervelt Company, Inc (US), Forest Energy Corporation (US), and New England Wood Pellet (US).

Global Biomass Pellets Market Share, by Application (2019)


  Biomass Pellets Market


 Source: MRFR Analysis


Regional Analysis


The global biomass pellets market outlook has been reviewed with respect to five regions, namely Asia-Pacific, the Middle East & Africa, North America, Europe, and Latin America.


Europe is projected to be the dominant market for biomass pellets, where the demand for wood pellets is growing at a significant rate. The stringent government regulations to reduce greenhouse gas (GHG) emission are increasing the preference for biomass pellets in the region.


The biomass pellets market in Asia-Pacific is expected to witness the fastest growth due to the increasing use of biomass pellets in the industrial heating sector, where the biomass is co-fired with coal to produce heat. As these fuels can be derived by recycling wastes, it compels the governments to invest more in the sector. China and Thailand are the major exporters of wood pellets in the region.


The prime driver of the biomass pellets market in North American is the high consumption of wood pellets in residential heating and commercial heating. For instance, the consumption of wood pellet in residential heating in Canada was 300,000 tons in 2016.


The markets in Latin America and the Middle East & Africa are expected to witness a slow growth during the review period, with United company leading the market in the Middle East & Africa region which has an annual production capacity of 70000 tons for wood pellets, which has a share of over 30% in the regional biomass pellets market.


Market Segmentation


The global biomass pellets market has been segmented based on source, type, application, and region.


The global biomass pellets market, by source, has been divided into industrial waste, agricultural waste, energy crops, food waste, virgin lumber, and others. Among these, the agriculture and the industrial waste segments held the largest market shares in 2019.


The types of biomass pellets covered under the scope of the report are wood pellets, agri-pellets, torrified pellets, and others.


Power generation, industrial heating, residential heating, and others are the applications studied for the global biomass pellets market. The power industry held the largest market share in 2018 and is expected to dominate during the forecast period.


Intended Audience



  • Biomass pellet producers

  • Wood pellet producers

  • Potential investors

  • Raw material suppliers

Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics of Global Biomass Pellets Market

4.1 Introduction

4.2 Drivers

4.3 Restraints

4.4 Opportunities

4.5 Challenges

4.6 Trends/Type

5 Market Factor Analysis of Global Biomass Pellets Market

5.1 Supply Chain Analysis

5.1.1 Raw Source Suppliers

5.1.2 Manufacturers/Producers

5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

5.1.4 End Users

5.2 Porter’s Five Forces Analysis

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Buyers

5.2.3 Bargaining Power of Suppliers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Competitive Rivalry

5.2 Pricing Analysis

6. Global Biomass Pellets Market, by Source

6.1 Introduction

6.2 Industrial Waste and Co-Products

6.2.1 Market Estimates & Forecast, 2019−2027

6.2.2 Market Estimates & Forecast, by Region, 2019−2027

6.3 Agriculture Residue

6.3.1 Market Estimates & Forecast, 2019−2027

6.3.2 Market Estimates & Forecast, by Region, 2019−2027

6.4 Food Waste

6.4.1 Market Estimates & Forecast, 2019−2027

6.4.2 Market Estimates & Forecast, by Region, 2019−2027

6.5 Energy Crops

6.5.1 Market Estimates & Forecast, 2019−2027

6.5.2 Market Estimates & Forecast, by Region, 2019−2027

6.6 Virgin lumber

6.6.1 Market Estimates & Forecast, 2019−2027

6.6.2 Market Estimates & Forecast, by Region, 2019−2027

6.7 Others

6.7.1 Market Estimates & Forecast, 2019−2027

6.7.2 Market Estimates & Forecast, by Region, 2019−2027

7. Global Biomass Pellets Market, by Application

7.1 Introduction

7.2 Power Generation

7.2.1 Market Estimates & Forecast, 2019−2027

7.2.2 Market Estimates & Forecast, by Region, 2019−2027

7.3 Industrial Heating

7.3.1 Market Estimates & Forecast, 2019−2027

7.3.2 Market Estimates & Forecast, by Region, 2019−2027

7.4 Residential Heating

7.4.1 Market Estimates & Forecast, 2019−2027

7.4.2 Market Estimates & Forecast, by Region, 2019−2027

7.5 Others

7.5.1 Market Estimates & Forecast, 2019−2027

7.5.2 Market Estimates & Forecast, by Region, 2019−2027

8. Global Biomass Pellets Market, by Type

8.1 Introduction

8.2 Wood Pellets

8.2.1 Market Estimates & Forecast, 2019−2027

8.2.2 Market Estimates & Forecast, by Region, 2019−2027

8.3 Agri-Pellets

8.3.1 Market Estimates & Forecast, 2019−2027

8.3.2 Market Estimates & Forecast, by Region, 2019−2027

8.4 Torrefied Pellets

8.4.1 Market Estimates & Forecast, 2019−2027

8.4.2 Market Estimates & Forecast, by Region, 2019−2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2019−2027

8.5.2 Market Estimates & Forecast, by Region, 2019−2027

9. Global Biomass Pellets Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2019−2027

9.2.2 Market Estimates & Forecast, by Source, 2019−2027

9.2.3 Market Estimates & Forecast, by Application, 2019−2027

9.2.4 Market Estimates & Forecast, by Type, 2019−2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2019−2027

9.2.5.2 Market Estimates & Forecast, by Source, 2019−2027

9.2.5.3 Market Estimates & Forecast, by Application, 2019−2027

9.2.5.4 Market Estimates & Forecast, by Type, 2019−2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2019−2027

9.2.6.2 Market Estimates & Forecast, by Source, 2019−2027

9.2.6.3 Market Estimates & Forecast, by Application, 2019−2027

9.2.6.4 Market Estimates & Forecast, by Type, 2019−2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2019−2027

9.3.2 Market Estimates & Forecast, by Source, 2019−2027

9.3.3 Market Estimates & Forecast, by Application, 2019−2027

9.3.4 Market Estimates & Forecast, by Type, 2019−2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2019−2027

9.3.5.2 Market Estimates & Forecast, by Source, 2019−2027

9.3.5.3 Market Estimates & Forecast, by Application, 2019−2027

9.3.5.4 Market Estimates & Forecast, by Type, 2019−2027

9.3.6. France

9.3.6.1 Market Estimates & Forecast, 2019−2027

9.3.6.2 Market Estimates & Forecast, by Source, 2019−2027

9.3.6.3 Market Estimates & Forecast, by Application, 2019−2027

9.3.6.4 Market Estimates & Forecast, by Type, 2019−2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2019−2027

9.3.7.2 Market Estimates & Forecast, by Source, 2019−2027

9.3.7.3 Market Estimates & Forecast, by Application, 2019−2027

9.3.7.4 Market Estimates & Forecast, by Type, 2019−2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2019−2027

9.3.8.2 Market Estimates & Forecast, by Source, 2019−2027

9.3.8.3 Market Estimates & Forecast, by Application, 2019−2027

9.3.8.4 Market Estimates & Forecast, by Type, 2019−2027

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2019−2027

9.3.9.2 Market Estimates & Forecast, by Source, 2019−2027

9.3.9.3 Market Estimates & Forecast, by Application, 2019−2027

9.3.9.4 Market Estimates & Forecast, by Type, 2019−2027

9.3.10 Russia

9.3.10.1 Market Estimates & Forecast, 2019−2027

9.3.10.2 Market Estimates & Forecast, by Source, 2019−2027

9.3.10.3 Market Estimates & Forecast, by Application, 2019−2027

9.3.10.4 Market Estimates & Forecast, by Type, 2019−2027

9.3.11 Poland

9.3.11.1 Market Estimates & Forecast, 2019−2027

9.3.11.2 Market Estimates & Forecast, by Source, 2019−2027

9.3.11.3 Market Estimates & Forecast, by Application, 2019−2027

9.3.11.4 Market Estimates & Forecast, by Type, 2019−2027

9.3.12 Rest of Europe

9.3.12.1 Market Estimates & Forecast, 2019−2027

9.3.12.2 Market Estimates & Forecast, by Source, 2019−2027

9.3.12.3 Market Estimates & Forecast, by Application, 2019−2027

9.3.12.4 Market Estimates & Forecast, by Type, 2019−2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2019−2027

9.4.2 Market Estimates & Forecast, by Source, 2019−2027

9.4.3 Market Estimates & Forecast, by Application, 2019−2027

9.4.4 Market Estimates & Forecast, by Type, 2019−2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2019−2027

9.4.5.2 Market Estimates & Forecast, by Source, 2019−2027

9.4.5.3 Market Estimates & Forecast, by Application, 2019−2027

9.4.5.3 Market Estimates & Forecast, by Type, 2019−2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2019−2027

9.4.6.2 Market Estimates & Forecast, by Source, 2019−2027

9.4.6.3 Market Estimates & Forecast, by Application, 2019−2027

9.4.6.4 Market Estimates & Forecast, by Type, 2019−2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2019−2027

9.4.7.2 Market Estimates & Forecast, by Source, 2019−2027

9.4.7.3 Market Estimates & Forecast, by Application, 2019−2027

9.4.7.4 Market Estimates & Forecast, by Type, 2019−2027

9.4.8 Australia & New Zealand

9.4.8.1 Market Estimates & Forecast, 2019−2027

9.4.8.2 Market Estimates & Forecast, by Source, 2019−2027

9.4.8.3 Market Estimates & Forecast, by Application, 2019−2027

9.4.8.4 Market Estimates & Forecast, by Type, 2019−2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2019−2027

9.4.9.2 Market Estimates & Forecast, by Source, 2019−2027

9.4.9.3 Market Estimates & Forecast, by Application, 2019−2027

9.4.9.4 Market Estimates & Forecast, by Type, 2019−2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2019−2027

9.5.2 Market Estimates & Forecast, by Source, 2019−2027

9.5.3 Market Estimates & Forecast, by Application, 2019−2027

9.5.4 Market Estimates & Forecast, by Type, 2019−2027

9.5.5 GCC

9.5.5.1 Market Estimates & Forecast, 2019−2027

9.5.5.2 Market Estimates & Forecast, by Source, 2019−2027

9.5.5.3 Market Estimates & Forecast, by Application, 2019−2027

9.5.5.4 Market Estimates & Forecast, by Type, 2019−2027

9.5.6 Israel

9.5.6.1 Market Estimates & Forecast, 2019−2027

9.5.6.2 Market Estimates & Forecast, by Source, 2019−2027

9.5.6.3 Market Estimates & Forecast, by Application, 2019−2027

9.5.6.4 Market Estimates & Forecast, by Type, 2019−2027

9.5.7 North Africa

9.5.7.1 Market Estimates & Forecast, 2019−2027

9.5.7.2 Market Estimates & Forecast, by Source, 2019−2027

9.5.7.3 Market Estimates & Forecast, by Application, 2019−2027

9.5.7.4 Market Estimates & Forecast, by Type, 2019−2027

9.5.8 Turkey

9.5.8.1 Market Estimates & Forecast, 2019−2027

9.5.8.2 Market Estimates & Forecast, by Source, 2019−2027

9.5.8.3 Market Estimates & Forecast, by Application, 2019−2027

9.5.8.4 Market Estimates & Forecast, by Type, 2019−2027

9.5.9 Rest of Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2019−2027

9.5.9.2 Market Estimates & Forecast, by Source, 2019−2027

9.5.9.3 Market Estimates & Forecast, by Application, 2019−2027

9.5.9.4 Market Estimates & Forecast, by Type, 2019−2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2019−2027

9.6.2 Market Estimates & Forecast, by Source, 2019−2027

9.6.3 Market Estimates & Forecast, by Application, 2019−2027

9.6.4 Market Estimates & Forecast, by Type, 2019−2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, 2019−2027

9.6.5.2 Market Estimates & Forecast, by Source, 2019−2027

9.6.5.3 Market Estimates & Forecast, by Application, 2019−2027

9.6.5.4 Market Estimates & Forecast, by Type, 2019−2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2019−2027

9.6.6.2 Market Estimates & Forecast, by Source, 2019−2027

9.6.6.3 Market Estimates & Forecast, by Application, 2019−2027

9.6.6.4 Market Estimates & Forecast, by Type, 2019−2027

9.6.7 Argentina

9.6.7.1 Market Estimates & Forecast, 2019−2027

9.6.7.2 Market Estimates & Forecast, by Source, 2019−2027

9.6.7.3 Market Estimates & Forecast, by Application, 2019−2027

9.6.7.4 Market Estimates & Forecast, by Type, 2019−2027

9.6.8 Rest of Latin America

9.6.8.1 Market Estimates & Forecast, 2019−2027

9.6.8.2 Market Estimates & Forecast, by Source, 2019−2027

9.6.8.3 Market Estimates & Forecast, by Application, 2019−2027

9.6.8.4 Market Estimates & Forecast, by Type, 2019−2027

10. Company Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis (Expansion/Merger & Acquisition/Joint Venture/New Product Development/Agreement/Investment)

11. Company Profiles

11.1 Drax Group plc

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 Enviva

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 German Pellets GmbH

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 AS Graanul Invest

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 Pinnacle Renewable Energy Inc

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 Lignetics

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 Zilkha Biomass Energy

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.7.6 SWOT Analysis

11.8 Premium Pellets Ltd

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 Fram Fuels

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 Abellon CleanEnergy Limited

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

11.11 Ecostan

11.11.1 Company Overview

11.11.2 Financial Updates

11.11.3 Product/Business Segment Overview

11.11.4 Strategy

11.11.5 Key Developments

11.11.6 SWOT Analysis

11.12 JP Green Fuels

11.12.1 Company Overview

11.12.2 Financial Updates

11.12.3 Product/Business Segment Overview

11.12.4 Strategy

11.12.5 Key Developments

11.12.6 SWOT Analysis

11.13 The Westervelt company, Inc

11.13.1 Company Overview

11.13.2 Financial Updates

11.13.3 Product/Business Segment Overview

11.13.4 Strategy

11.13.5 Key Developments

11.13.6 SWOT Analysis

11.14 Forest Energy Corporation

11.14.1 Company Overview

11.14.2 Financial Updates

11.14.3 Product/Business Segment Overview

11.14.4 Strategy

11.14.5 Key Developments

11.14.6 SWOT Analysis

11.15 New England Wood Pellet

11.15.1 Company Overview

11.15.2 Financial Updates

11.15.3 Product/Business Segment Overview

11.15.4 Strategy

11.15.5 Key Developments

11.15.6 SWOT Analysis

12. Conclusion

LIST OF TABLES

Table 1 Global Biomass Pellets Market, by Region, 2019−2027

Table 2 North America: Biomass Pellets Market, by Country, 2019−2027

Table 3 Europe: Biomass Pellets Market, by Country, 2019−2027

Table 4 Asia-Pacific: Biomass Pellets Market, by Country, 2019−2027

Table 5 Middle East & Africa: Biomass Pellets Market, by Country, 2019−2027

Table 6 Latin America: Biomass Pellets Market, by Country, 2019−2027

Table 7 Global Biomass Pellets Source Market, by Regions, 2019−2027

Table 8 North America: Biomass Pellets Source Market, by Country, 2019−2027

Table 9 Europe: Biomass Pellets Source Market, by Country, 2019−2027

Table10 Asia-Pacific: Biomass Pellets Source Market, by Country, 2019−2027

Table11 Middle East & Africa: Biomass Pellets Source Market, by Country, 2019−2027

Table12 Latin America: Biomass Pellets Source Market, by Country, 2019−2027

Table13 Global Biomass Pellets Application Market, by Regions, 2019−2027

Table14 North America: Biomass Pellets by Application Market, by Country, 2019−2027

Table15 Europe: Biomass Pellets Application Market, by Country, 2019−2027

Table16 Asia-Pacific: Biomass Pellets Application Market, by Country, 2019−2027

Table17 Middle East & Africa: Biomass Pellets Application Market, by Country, 2019−2027

Table18 Latin America: Biomass Pellets Application Market, by Country, 2019−2027

Table19 Global Biomass Pellets Type Market, by Regions, 2019−2027

Table20 North America: Biomass Pellets Type Market, by Country, 2019−2027

Table21 Europe: Biomass Pellets Type Market, by Country, 2019−2027

Table22 Asia-Pacific: Biomass Pellets Type Market, by Country, 2019−2027

Table23 Middle East & Africa: Biomass Pellets Type Market, by Country, 2019−2027

Table24 Latin America: Biomass Pellets Type Market, by Country, 2019−2027

Table25 Global Source Market, by Region, 2019−2027

Table26 Global Application Market, by Region, 2019−2027

Table27 Global Application Market, by Region, 2019−2027

Table28 North America: Biomass Pellets Market, by Country

Table29 North America: Biomass Pellets Market, by Source

Table30 North America: Biomass Pellets Market, by Application

Table31 North America: Biomass Pellets Market, by Type

Table32 Europe: Biomass Pellets Market, by Country

Table33 Europe: Biomass Pellets Market, by Source

Table34 Europe: Biomass Pellets Market, by Application

Table35 Europe: Biomass Pellets Market, by Type

Table36 Asia-Pacific: Biomass Pellets Market, by Country

Table37 Asia-Pacific: Biomass Pellets Market, by Source

Table38 Asia-Pacific: Biomass Pellets Market, by Application

Table39 Asia-Pacific: Biomass Pellets Market, by Type

Table40 Middle East & Africa: Biomass Pellets Market, by Country

Table41 Middle East & Africa: Biomass Pellets Market, by Source

Table42 Middle East & Africa: Biomass Pellets Market, by Application

Table43 Middle East & Africa: Biomass Pellets Market, by Type

Table44 Latin America: Biomass Pellets Market, by Country

Table45 Latin America: Biomass Pellets Market, by Source

Table46 Latin America: Biomass Pellets Market, by Application

Table47 Latin America: Biomass Pellets Market, by Type

LIST OF FIGURES

FIGURE 1 Global Biomass Pellets Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Biomass Pellets Market

FIGURE 4 Value Chain of Global Biomass Pellets Market

FIGURE 5 Share of Global Biomass Pellets Market in 2019, by Country (%)

FIGURE 6 Global Biomass Pellets Market, 2019−2027

FIGURE 7 Global Biomass Pellets Market Size, by Source, 2019

FIGURE 8 Share of Global Biomass Pellets Market, by Source, 2019−2027

FIGURE 9 Global Biomass Pellets Market Size, by Application, 2019

FIGURE 10 Share of Global Biomass Pellets Market, by Application, 2019−2027

FIGURE 11 Global Biomass Pellets Market Size, by Type, 2019

FIGURE 12 Share of Global Biomass Pellets Market, by Type, 2019−2027

Biomass Pellets Market