Wood pellet is a solid fuel that is produced by crushing and densifying waste timber like sawdust, forestry residues, industrial byproducts like old paper and forestry wastes. The length is 1-2 cm and the diameter is generally 6, 8, 10, or 12mm. It is possible to produce 25mm wood pellet at maximum. In Sweden, 6mm wood pellet is encouraged to use in house as it can realize the best condition of combustion. Wood pellet production doesn't need to add binder as lignin, an element of wood, plays a role of binder and helps to pelletize when it is melted by heat.
Europe is the largest consumer of wood-pellets in the world in the past few years and it will keep increasing in the next few years. Europe market took up about 58% the global market in 2018, while North America and China were about 22%, 9%.

Market Analysis and Insights: Global Wood-Pellets Market
The global Wood-Pellets market was valued at US$ 6020.9 in 2020 and will reach US$ 8589.2 million by the end of 2027, growing at a CAGR of 6.1% during 2022-2027.

Global Wood-Pellets Scope and Market Size
The global Wood-Pellets market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Wood-Pellets market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
White Pellet
Black Pellet
White pellet is the most widely used type which takes up about 98% of the total sales in 2018.

Segment by Application
Power Generation
Industrial Furnace
Civil
Others
Power generation was the most widely used area which took up about 61% of the global total in 2018.

The Wood-Pellets market is analysed and market size information is provided by regions (countries). Segment by Application, the Wood-Pellets market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

By Company
Enviva
Pinnacle
Vyborgskaya Cellulose
Rentech
Innogy
Graanul Invest Group
Zilkha Biomass Energy
Canfor
General Biofuels
Pacific BioEnergy
Protocol Energy
PFEIFER
Biomass Secure Power
Viridis Energy
Westervelt
BTH Quitman Hickory
Energex
Lignetics
Equustock
Fram Renewable Fuels
RusForest
Neova
Drax Biomass International
Enova Energy Group
Aoke Ruifeng
DEVOTION
Dalin Biological
Senon Renewable Energy
Xirui New Energy
Weige Bio-tech Energy
Jianghe Biomass Energy
Huinan Hongri