Global Industrial Wood Pellets Market was valued at USD 7.85 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 11.48% through 2029.
Since wood pellets form a clean, environmentally beneficial, sustainable, and renewable biomass, the rising global demand for renewable energy is driving the demand for wood pellets to reduce the usage of fossil fuels that contributes to global warming. This is expected to contribute to the growth of the industry over the forecast period. The key driving factor for increasing production of wood pellets in the U.S. includes rising demand from the global market.
Key Market Players
AS Graanul Invest
Drax Group PLC
Fram Renewable Fuels LLC
Segezha Group JSC
Lignetics Inc.
Biopower Sustainable Energy Corp.
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