Global Biomass Pellets Market Outlook 2022

Biomass Pellets are made of agricultural and forestry residues such as rice stalk, straw, cotton stalk, bamboo sawdust, wood flour, ramie stalk, peanut husk, etc. They are produced by pellet machines or briquetting machines, after going through several processing procedures, such as crushing, drying, mixing, molding or compressing, etc. And the final products are pellets, bars, and briquettes, which are used as a replacement for coal, gasoline gas and other traditional fossil fuels. Biomass Pellet is a kind of renewable fuel. It is widely used in European countries.
Europe is the largest Biomass Pellets market with about 34% market share. United States is follower, accounting for about 20% market share.
The key players are Sinopeak, Aoke Ruifeng, ROSHT, Suji Energy-saving Technology, TONGXIN, Senon Renewable Energy, Agroforestry Low-Carbon Holdings, KAIDI, SUZHOU XI RUI NEW ENERGY, HU ZHOU WEI GE, Devotion Corporation, YIHONG, Xinding BMF, JIANGHE BIOMASS ENERGY, GuangZhou HouMing, XINGLI, Shengchang Bioenergy, Sanmu Energy Development etc. Top 3 companies occupied about 12% market share.

Market Analysis and Insights: Global Biomass Pellets Market
The global Biomass Pellets market was valued at US$ 8231.5 million in 2020 and it is expected to reach US$ 13650 million by the end of 2027, growing at a CAGR of 7.5% during 2021-2027.

Global Biomass Pellets Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Biomass Pellets Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Agricultural Products
Forestry Products
Domestic and Municipal Wastes
Energy Crops

Segment by Application
Woodies
Herbs
Others

By Company
Sinopeak
Aoke Ruifeng
ROSHT
Suji Energy-saving Technology
TONGXIN
Senon Renewable Energy
Agroforestry Low-Carbon Holdings
KAIDI
SUZHOU XI RUI NEW ENERGY
HU ZHOU WEI GE
Devotion Corporation
YIHONG
Xinding BMF
JIANGHE BIOMASS ENERGY
GuangZhou HouMing
XINGLI
Shengchang Bioenergy
Sanmu Energy Development

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E