Biomass Pellet Market –Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented 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), By Region

Abstract
Global biomass pellet market is expected to grow at a robust pace in the forecast period, 2022-2027. The demand from the power industry, which is expected to boost the consumption of biomass pellets, is rising due to biomass pellets' ability to generate electricity and heat. Biomass pellets have high density and low moisture content, biomass pellets are made and burnt with a very high combustion efficiency. Agricultural waste, sawdust from wood, and other materials are used to create biomass pellets. Wood pellets are the prevalent type of pellet fuel and are usually made from compacted sawdust. In power plants and heating facilities, wood pellets are used in place of coal, wood, oil, and gas. Biomass pellets are sustainable energy sources that might displace fossil fuels such as coal or natural gas as a source of electric energy, which is thought to affect the market for biomass pellets.

Clean and Renewable Biomass Pellet Fuel Driving The Market
A biomass pellet is a biofuel made from organic matter and biomass, including wood waste and sawdust. Biomass pellet is a cost-effective, clean-burning, and renewable fuel. It significantly reduces carbon emission and pollution rate and improves the thermal value of biomass waste during the burning process. Biomass pellets emit the lowest greenhouse gases; hence it is not harmful for the environment. These pellets are used as a substitute for coal in power plant, for heating boilers to reduce global warming.
Growing public awareness regarding the environment is the primary factor influencing market sales. As a result of this change, demand for biofuels and other renewable energy sources such as wind and solar has been robust. The need for clean energy has grown at an unprecedented rate, especially in industrialized areas such as North America and Europe. Owing to the aspects mentioned above, the market is expected to grow during the forecast period.
Government Initiatives and Rising Conventional Energy Prices Promoting Biomass Pellets Sales
Due to depletion of wood & coal in the future, conventional energy costs have already hit record highs and are expected to rise further in the future. As a result, the demand for crude oil has surpassed the supply rate. For instance, it has been stated that Venezuela's oil output has almost halved during the previous few years. This has put a lot of pressure on the nations that import Venezuelan oil and led to regular price changes that impact economies worldwide. Owing to the above-mentioned factors, economies must diversify their energy sources and employ biofuels instead of traditional fuels, thereby resulting in increased demand for biomass pellets through 2027.
Biomass pellets have the potential to be a significant source of energy, given the advantages that biomass has to offer. The most crucial factor is that biomass pellets are broadly accessible, renewable, and carbon neutral. Owing to these reasons, most governments around the world have introduced several policies and investments to encourage using biomass-based energy sources such as biomass pellets. For instance, North America's 2019 Biomass Thermal Utilization Act (BTU Act) seeks to acknowledge and promote the financial and environmental advantages of fuels and energy sources produced from biomass. This law offers home and business applications using clean wood heating systems a 15% to 30% rebate.
High Cost of Manufacturing
Low energy density and challenging land acquisition for harvesting and storage are all problems with biomass pellets. Therefore, biomass pre-treatment method is very expenses and small industries, and organizations might not be able to hold. Since In addition, wood sawdust or other pulverized woody products are used to make wood pellets, a renewable energy source. To cut greenhouse gas emissions from electricity production, they are co-fired in coal-based power plants and mono-fired in coal power plants that have been converted. However, the market expansion for biomass pellets may be hampered by the high cost of raw materials, such as wood pellets.

Market Segmentation
Global biomass pellet market is segmented into source, type, and application. Based on source, the market is divided into industrial waste & co-product, agriculture residue, food waste, energy crops, virgin lumber, and others. Based on type, the market is segmented into wood pellets, agri pellets, torrefied pellets, and others. Based on application, the market is divided into power generation, industrial heating, residential heating, and others. In 2019, total primary energy consumption of the US was about 100 quadrillion British thermal units (Btu). The U.S. total primary energy use was about 17% of the total world primary energy consumption of about 604 quadrillions Btu in 2019. Biomass pellets are mostly consumed in the United States. In terms of energy usage, it was in the top 3 developed economies. Since environmental problems and their impact is projected to result in increased investment in renewable energy sector. A number of efforts launched by the American government to promote the use of ecologically friendly goods in the country are also projected to boost demand for biomass pellets throughout the course of the forecast period.
Market players
Major market players in the global biomass pellet market are New England Wood Pellet, Drax Group Plc, Forest Energy Corporation, Energex Corporation, International Woodfuels LLC, Buhler AG, Enviva, Pinnacle Renewable Energy Inc, Sumitomo Corporation, and An Viet Phat Group.

Report Scope:
In this report, the global biomass pellet market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Biomass Pellet Market, By Source:
oIndustrial Waste & Co-product
oAgriculture Residue
oFood Waste
oEnergy Crops
oVirgin Lumber
oOthers
•Biomass Pellet Market, By Type:
oWood Pellets
oAgri Pellets
oTorrefied Pellets
oOthers
•Biomass Pellet Market, By Application:

oPower Generation
oIndustrial Heating
oResidential Heating
oOthers
•Biomass Pellet Market, By Region:
oNorth America
United States
Mexico
oAsia-Pacific
India
Japan
South Korea
Australia
Singapore
Malayasia
oEurope
Germany
United Kingdom
France
Italy
Spain
Poland
Denmark
oSouth America
Brazil
Argentina
Colombia
Peru
Chile
oMiddle East
Saudi Arabia
South Africa
UAE
Iraq
Turkey

Competitive Landscape

Competitive Landscape Detailed analysis of the major companies present in the global biomass pellet market.

Available Customizations:
Global biomass pellet market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five).

Content
Table of Contents

1.Product Overview
2.Research Methodology
3.Impact of COVID-19 on Global Biomass Pellet Market
4.Executive Summary
5.Voice of Customers
5.1.1.Brand Awareness
5.1.2.Factors Considered while Selecting Vendor
5.1.3.Key Satisfaction Level
5.1.4.Major Challenges Faced
6.Global Biomass Pellet Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value
6.2.Market Share & Forecast
6.2.1.By Source (Industrial Waste & Co-product, Agriculture Residue, Food Waste, Energy Crops, Virgin Lumber and others)
6.2.2.By Type (Wood Pellets, Agri Pellets, Torrefied Pellets and others)
6.2.3.By Application (Power Generation, Industrial Heating, Residential Heating and Others
6.2.4.By Region
6.2.5.By Company
6.3.Market Map
7.North America Biomass Pellet Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value
7.2.Market Share & Forecast
7.2.1.By Source
7.2.2.By Type
7.2.3.By Application
7.2.4.By Country
7.3.North America: Country Analysis
7.3.1.United States Biomass Pellet Market Outlook
7.3.1.1.Market Size & Forecast
7.3.1.1.1.By Value
7.3.1.2.Market Share & Forecast
7.3.1.2.1.By Source
7.3.1.2.2.By Type
7.3.1.2.3.By Application
7.3.2.Canada Biomass Pellet Market Outlook
7.3.2.1.Market Size & Forecast
7.3.2.1.1.By Value
7.3.2.2.Market Share & Forecast
7.3.2.2.1.By Source
7.3.2.2.2.By Type
7.3.2.2.3.By Application
7.3.3.Mexico Biomass Pellet Market Outlook
7.3.3.1.Market Size & Forecast
7.3.3.1.1.By Value
7.3.3.2.Market Share & Forecast
7.3.3.2.1.By Source
7.3.3.2.2.By Type
7.3.3.2.3.By Application
8.Asia-Pacific Biomass Pellet Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value
8.2.Market Share & Forecast
8.2.1.By Source
8.2.2.By Type
8.2.3.By Application
8.2.4.By Country
8.3.Asia-Pacific: Country Analysis
8.3.1.China Biomass Pellet Market Outlook
8.3.1.1.Market Size & Forecast
8.3.1.1.1.By Value
8.3.1.2.Market Share & Forecast
8.3.1.2.1.By Source
8.3.1.2.2.By Type
8.3.1.2.3.By Application
8.3.2.India Biomass Pellet Market Outlook
8.3.2.1.Market Size & Forecast
8.3.2.1.1.By Value
8.3.2.2.Market Share & Forecast
8.3.2.2.1.By Source
8.3.2.2.2.By Type
8.3.2.2.3.By Application
8.3.3.Japan Biomass Pellet Market Outlook
8.3.3.1.Market Size & Forecast
8.3.3.1.1.By Value
8.3.3.2.Market Share & Forecast
8.3.3.2.1.By Source
8.3.3.2.2.By Type
8.3.3.2.3.By Application
8.3.4.South Korea Biomass Pellet Market Outlook
8.3.4.1.Market Size & Forecast
8.3.4.1.1.By Value
8.3.4.2.Market Share & Forecast
8.3.4.2.1.By Source
8.3.4.2.2.By Type
8.3.4.2.3.By Application
8.3.5.Australia Biomass Pellet Market Outlook
8.3.5.1.Market Size & Forecast
8.3.5.1.1.By Value
8.3.5.2.Market Share & Forecast
8.3.5.2.1.By Source
8.3.5.2.2.By Type
8.3.5.2.3.By Application
8.3.6.Singapore Biomass Pellet Market Outlook
8.3.6.1.Market Size & Forecast
8.3.6.1.1.By Value
8.3.6.2.Market Share & Forecast
8.3.6.2.1.By Source
8.3.6.2.2.By Type
8.3.6.2.3.By Application
8.3.7.Malaysia Biomass Pellet Market Outlook
8.3.7.1.Market Size & Forecast
8.3.7.1.1.By Value
8.3.7.2.Market Share & Forecast
8.3.7.2.1.By Source
8.3.7.2.2.By Type
8.3.7.2.3.By Application
9.Europe Biomass Pellet Market Outlook
9.1.Market Size & Forecast
9.1.1.By Value
9.2.Market Share & Forecast
9.2.1.By Source
9.2.2.By Type
9.2.3.By Application
9.2.4.By Country
9.3.Europe: Country Analysis
9.3.1.Germany Biomass Pellet Market Outlook
9.3.1.1.Market Size & Forecast
9.3.1.1.1.By Value
9.3.1.2.Market Share & Forecast
9.3.1.2.1.By Source
9.3.1.2.2.By Type
9.3.1.2.3.By Application
9.3.2.United Kingdom Biomass Pellet Market Outlook
9.3.2.1.Market Size & Forecast
9.3.2.1.1.By Value
9.3.2.2.Market Share & Forecast
9.3.2.2.1.By Source
9.3.2.2.2.By Type
9.3.2.2.3.By Application
9.3.3.France Biomass Pellet Market Outlook
9.3.3.1.Market Size & Forecast
9.3.3.1.1.By Value
9.3.3.2.Market Share & Forecast
9.3.3.2.1.By Source
9.3.3.2.2.By Type
9.3.3.2.3.By Application
9.3.4.Italy Biomass Pellet Market Outlook
9.3.4.1.Market Size & Forecast
9.3.4.1.1.By Value
9.3.4.2.Market Share & Forecast
9.3.4.2.1.By Source
9.3.4.2.2.By Type
9.3.4.2.3.By Application
9.3.5.Spain Biomass Pellet Market Outlook
9.3.5.1.Market Size & Forecast
9.3.5.1.1.By Value
9.3.5.2.Market Share & Forecast
9.3.5.2.1.By Source
9.3.5.2.2.By Type
9.3.5.2.3.By Application
9.3.6.Poland Biomass Pellet Market Outlook
9.3.6.1.Market Size & Forecast
9.3.6.1.1.By Value
9.3.6.2.Market Share & Forecast
9.3.6.2.1.By Source
9.3.6.2.2.By Type
9.3.6.2.3.By Application
9.3.7.Denmark Biomass Pellet Market Outlook
9.3.7.1.Market Size & Forecast
9.3.7.1.1.By Value
9.3.7.2.Market Share & Forecast
9.3.7.2.1.By Source
9.3.7.2.2.By Type
9.3.7.2.3.By Application
10.South America Biomass Pellet Market Outlook
10.1.Market Size & Forecast
10.1.1.By Value
10.2.Market Share & Forecast
10.2.1.By Source
10.2.2.By Type
10.2.3.By Application
10.2.4.By Country
10.3.South America: Country Analysis
10.3.1.Brazil Biomass Pellet Market Outlook
10.3.1.1.Market Size & Forecast
10.3.1.1.1.By Value
10.3.1.2.Market Share & Forecast
10.3.1.2.1.By Source
10.3.1.2.2.By Type
10.3.1.2.3.By Application
10.3.2.Argentina Biomass Pellet Market Outlook
10.3.2.1.Market Size & Forecast
10.3.2.1.1.By Value
10.3.2.2.Market Share & Forecast
10.3.2.2.1.By Source
10.3.2.2.2.By Type
10.3.2.2.3.By Application
10.3.3.Colombia Biomass Pellet Market Outlook
10.3.3.1.Market Size & Forecast
10.3.3.1.1.By Value
10.3.3.2.Market Share & Forecast
10.3.3.2.1.By Source
10.3.3.2.2.By Type
10.3.3.2.3.By Application
10.3.4.Peru Biomass Pellet Market Outlook
10.3.4.1.Market Size & Forecast
10.3.4.1.1.By Value
10.3.4.2.Market Share & Forecast
10.3.4.2.1.By Source
10.3.4.2.2.By Type
10.3.4.2.3.By Application
10.3.5.Chile Biomass Pellet Market Outlook
10.3.5.1.Market Size & Forecast
10.3.5.1.1.By Value
10.3.5.2.Market Share & Forecast
10.3.5.2.1.By Source
10.3.5.2.2.By Type
10.3.5.2.3.By Application
11.Middle East & Africa Biomass Pellet Market Outlook
11.1.Market Size & Forecast
11.1.1.By Value
11.2.Market Share & Forecast
11.2.1.By Source
11.2.2.By Type
11.2.3.By Application
11.2.4.By Country
11.3.Middle East & Africa: Country Analysis
11.3.1.Saudi Arabia Biomass Pellet Market Outlook
11.3.1.1.Market Size & Forecast
11.3.1.1.1.By Value
11.3.1.2.Market Share & Forecast
11.3.1.2.1.By Source
11.3.1.2.2.By Type
11.3.1.2.3.By Application
11.3.2.South Africa Biomass Pellet Market Outlook
11.3.2.1.Market Size & Forecast
11.3.2.1.1.By Value
11.3.2.2.Market Share & Forecast
11.3.2.2.1.By Source
11.3.2.2.2.By Type
11.3.2.2.3.By Application
11.3.3.UAE Biomass Pellet Market Outlook
11.3.3.1.Market Size & Forecast
11.3.3.1.1.By Value
11.3.3.2.Market Share & Forecast
11.3.3.2.1.By Source
11.3.3.2.2.By Type
11.3.3.2.3.By Application
11.3.4.Iraq Biomass Pellet Market Outlook
11.3.4.1.Market Size & Forecast
11.3.4.1.1.By Value
11.3.4.2.Market Share & Forecast
11.3.4.2.1.By Source
11.3.4.2.2.By Type
11.3.4.2.3.By Application
11.3.5.Turkey Biomass Pellet Market Outlook
11.3.5.1.Market Size & Forecast
11.3.5.1.1.By Value
11.3.5.2.Market Share & Forecast
11.3.5.2.1.By Source
11.3.5.2.2.By Type
11.3.5.2.3.By Application
12.Market Dynamics
12.1.Drivers
12.2.Challenges
13.Market Trends & Developments
14.Company Profiles
14.1.New England Wood Pellet
14.2.Drax Group Plc
14.3.Forest Energy Corporation
14.4.Energex Corporation
14.5.International Woodfuels LLC
14.6.Buhler AG
14.7.Enviva
14.8.Pinnacle Renewable Energy Inc.
14.9.Sumitomo Corporation
14.10.An Viet Phat Group
15.Strategic Recommendations
16.About Us & Disclaimer