Enviva Inc., Drax Group plc, and Graanul Invest were Dominating the Global Wood Pellet Market in 2022

The Global Wood Pellet Market is expected to grow with a CAGR of 6.2% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below.

Access Full Report @ https://www.databridgemarketresearch.com/reports/global-wood-pellet-market

The global wood pellet market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the global wood pellet market are introducing a wide range of products along with adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition into the market. This helped the companies to maximize sales with an enhanced product portfolio.

For instance,

• In December 2020, Enviva Inc. announced the partnership with GoChain to pilot blockchain technology for sustainable biomass. This has helped the company to develop better wood pellets and offer better sustainable products to customers.

Enviva Inc. is dominating the global wood pellet market. Some of the major players operating in the global wood pellet market are AVPGroup, Drax Group plc, Energex, Enviva Inc., Erdenwerk Gregor Ziegler GmbH, German Pellets, Graanul Invest, Holzwerke Weinzierl GmbH, Land Energy, Lignetics, Mallard Creek Inc, Midland Bio Energy, Nugreen Energy, Royal Wood Shavings, RZ Pellets GmbH, Schwaiger Holzindustrie GmbH & Co. KG, Sinclar Group Forest Products, TANAC, Valfei Products Inc., and Wilhelm Hoyer GmbH & Co. KG among others.

ENVIVA INC.

Enviva Inc. was founded in 2004 and is headquartered in Maryland, U.S. The company is focused on sustainable wood bioenergy such as wood pellets and provides low-carbon alternative fuels. It has product categories that include Modern Bioenergy and Heirs Property Fund out of which Modern Bioenergy is the market-focused category. It has subsidiaries that include Enviva, LP (U.S.), Enviva Holdings, LP (U.S.), Enviva Pellets, LLC (U.S.), Enviva Pellets Greenwood, LLC (U.S.), and Enviva Pellets Hamlet, LLC (U.S.) among others.

For instance,

• In June 2021, Enviva Inc. announced that the company has been recognized with the Lens awards. This award will help the company to get recognized as the most powerful visual strategy in every sector and helps to attract new customers.

The company has a global presence across Americas, Asia-Pacific, Europe, and Middle East and Africa.

DRAX GROUP PLC

Drax Group plc was founded in 1967 and is headquartered in North Yorkshire, U.K. The company is focused on renewable power generation and manufactures bioenergy products such as wood pellets. It has product categories that include Pellet Sales and Energy Solutions out of which Pellet Sales is the market-focused category. It has subsidiaries that include Drax Corporate Limited (U.K.), Drax Biomass Holdings LLC (U.S.), Northern Pellet Inc. (Canada), Lavington Pellet Inc. (Canada), and Jefferson Transit LLC (U.S.) among others.

For instance,

• In April 2022, Drax Group plc announced an investment of USD 100 million in the new Demopolis pellet plant. This new plant will help the company to produce 360,000 tonnes of sustainable biomass pellets a year from sawmill residues such as sawdust, chips, and shavings.

The company has a global presence across Americas, Asia-Pacific, Europe, and Middle East and Africa.

GRAANUL INVEST.

Graanul Invest. was founded in 2003 and is headquartered in Tallinn, Estonia. The company is focused on biomass and bioenergy production and the development of bioenergy fields. It has product categories that include Biomass and Heat & Power out of which Biomass is the market-focused category. It has subsidiaries that include SIA Latgran (Latvia), Broceni Pellets, SIA (Latvia), Valga Puu Ou (Torva), AS Pelletiküte (Estonia), Oü Helme Energia (Estonia), GI Power Plants OÜ (Estonia), and GI Energy Investments OÜ (Estonia).

For instance,

• In January 2023, Graanul Invest announced that the company has exported the largest wood pellet shipment of 50,042 tons in the U.S. This will help the company to strengthen its market position in the market and accelerate revenue growth of the company.

The company has a global presence across Americas, Asia-Pacific, Europe, and Middle East and Africa.