The Worldwide Wood Pellet Industry is Expected to Grow at a CAGR of 14.47% Between 2019 and 2025
Global wood pellet market was valued at US$10.491 billion in 2019 and is expected to grow at a CAGR of 14.47% over the forecast period to reach a total market size of US$23.604 billion in 2025.
- Global wood pellet market was valued at US$10.491 billion in 2019 and is expected to grow at a CAGR of 14.47% over the forecast period to reach a total market size of US$23.604 billion in 2025.
- With rising production of wood pellets, there has been a significant rise in trade flows of wood pellets across the globe.
- Industrial wood pellets are used as a substitute for coal in power plants while premium pellets are used in pellet boilers and pellet stoves for heating.
- Major players in the global Wood Pellet market have been covered along with their relative competitive position and strategies.