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North America Wood Pellet Market – Industry Trends and Forecast to 2030

Chemical and Materials

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North America Wood Pellet Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Published Report
  • Jan 2023
  • North America
  • 350 Pages
  • No of Tables: 100
  • No of Figures: 29

North America Wood Pellet Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2030
Diagram Market Size (Base Year) USD MILLION
Diagram Market Size (Forecast Year) USD MILLION
Diagram CAGR %

Major Markets Players

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North America Wood Pellet Market, By Grade (Standard Wood Pellet, Utility Wood Pellet, and Premium Wood Pellet), Flavors (Traeger Signature Wood Pellets, Hickory Wood Pellets, Pecan Wood Pellets, Apple Wood Pellets, Cherry Wood Pellets, and Mesquite Wood Pellets), Application (Residential Heating, Power Plants, Commercial Heating, Combined Heat and Power (CHP), and Animal Bedding) - Industry Trends and Forecast to 2030.

North America Wood Pellet Market

North America Wood Pellet Market Analysis and Insights

Wood pellets are compressed wood particles made primarily from wood waste and agricultural waste such as straw. When compared to unprocessed biomass, they are dense, have low moisture and ash content, and have a high energy content. Apart from that, wood pallets find widespread use in the residential and commercial sectors for cooking, grilling, and supplying heat due to their low cost and low maintenance. They are also used in large-scale biomass supply chains to help reduce costs in biomass storage, handling, and transportation. 

North America Wood Pellet Market

North America Wood Pellet Market

An increase in the popularity of wood pellets as an energy carrier has a propositional impact on the growth and adoption of wood pellets. Also, a rise in the demand for sustainable fuel across the globe is expected to drive market growth. Data Bridge Market Research analyzes that the North America wood pellet market will grow at a CAGR of 6.4% during the forecast period of 2023 to 2030.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Year

2021 (Customisable to 2020-2015)

Quantitative Units

Revenue in USD Million, Volumes in Tones

Segments Covered

By Grade (Standard Wood Pellet, Utility Wood Pellet, and Premium Wood Pellet), Flavors (Traeger Signature Wood Pellets, Hickory Wood Pellets, Pecan Wood Pellets, Apple Wood Pellets, Cherry Wood Pellets, and Mesquite Wood Pellets), Application (Residential Heating, Power Plants, Commercial Heating, Combined Heat and Power (CHP), and Animal Bedding)

Countries Covered

U.S., Canada, and Mexico

Market Players Covered

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

Market Definition

Wood pellets are compressed wood particles made primarily from wood waste and agricultural waste such as straw. When compared to unprocessed biomass, they are dense, have low moisture and ash content, and have a high energy content. Apart from that, wood pallets find widespread use in the residential and commercial sectors for cooking, grilling, and supplying heat due to their low cost and low maintenance. They are also used in large-scale biomass supply chains to help reduce costs in biomass storage, handling, and transportation.

North America Wood Pellet Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

DRIVERS

  • The Rise in Demand for Sustainable Fuel Across the Globe

Sustainable fuels are produced from renewable or alternative feedstock, such as plants, vegetables, or industrial wastes. They include biofuels such as Hydrotreated Vegetable Oil (HVO), bioethanol, and synthetic fuels (synfuels) such as ammonia or methanol. Such fuels will help reach ambitious decarbonization targets and are projected to be higher than alternatives in the long term, using 100% renewable diesel.

  • Increase in the Popularity of Wood Pellets as an Energy Carrier

Wood pellets are a solid biomass fuel produced from wood residues and agricultural by-products. However, bioenergy fuels are one of the most important renewable energy and are gaining huge North America demand. These fuels include biogas, solid waste, wood, agricultural products, ethanol, and biodiesel.

OPPORTUNITY

  • Need for the Replacement of Fossil Fuels

Globally, the requirement for fossil fuels is increasing due to increasing energy requirements. Fossil fuels are non-renewable resources where the stored energy is released through combustion, such as coal, natural gas, and petroleum, and they account for almost 80% of the energy used worldwide. The replacement of fossil fuels may thus act as an opportunity for market growth.

RESTRAINT/CHALLENGE

  • Availability of Alternative Fuel/Energy Sources in the Market

Wood pellets are a renewable product that compresses waste wood, grasses, straws, corn stalks, and even paper and cardboard into dense pellet-like forms. However, these pellets are found to be sustainable and emit low emissions compared to their fuels, but there are other alternatives to these wood pellets, which can be referred to as renewable energy. This may act as a restraining factor for market growth.

Post-Covid-19 Impact on the North America Wood Pellet Market

COVID-19 has negatively affected the market as wood pellets were in high demand before the pandemic. Companies such as Drax Group plc, Enviva Inc., Energex, Sinclar Group Forest Products, and others faced absolute difficulty in providing wood pellets for new customers and old customers due to a shortage of raw materials. This was due to strict regulations imposed by the government. Moreover, the limited supply of raw materials significantly affected the supply of wood pellets in the market.

Recent Developments

  • In January 2023, Graanul Invest announced that the company has exported the largest wood pellet shipment of 50,042 tons in the U.S.
  • In August 2022, Drax Group plc announced the acquisition of a pellet plant in Princeton, British Columbia, Canada. This acquisition will help the company to produce 90,000 tones of wood pellets a year.

North America Wood Pellet Market Scope

The North America wood pellet market is segmented into three notable segments based on grade, flavors, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Grade

  • Standard Wood Pellet
  • Utility Wood Pellet
  • Premium Wood Pellet

Based on product, the market is segmented into standard wood pellet, utility wood pellet, and premium wood pellet.

Flavors

  • Traeger Signature Wood Pellets
  • Hickory Wood Pellets
  • Pecan Wood Pellets
  • Apple Wood Pellets
  • Cherry Wood Pellets
  • Mesquite Wood Pellets

Based on flavors, the market is segmented into traeger signature wood pellets, hickory wood pellets, pecan wood pellets, apple wood pellets, cherry wood pellets, and mesquite wood pellets.

Application

  • Residential Heating
  • Power Plants
  • Commercial Heating
  • Combined Heat and Power (CHP)
  • Animal Bedding

Based on application, the market is segmented into residential heating, power plants, commercial heating, combined heat and power (CHP), and animal bedding.

Wood Pellet Market

North America Wood Pellet Market Regional Analysis/Insights

The North America wood pellet market is analyzed and market size insights and trends are provided by grade, flavors, and application.

The countries covered in this market report are the U.S., Canada, and Mexico.

The U.S. is dominating the North America wood pellet market due to the increase in the popularity of wood pellets as an energy carrier.  

The country section of the report also provides individual market-impacting factors and changes in regulations in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.  

Competitive Landscape and North America Wood Pellet Market Share Analysis

North America wood pellet market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the North America 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.


SKU-

TABLE 1 NORTH AMERICA WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 2 NORTH AMERICA WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (THOUSAND TONNES)

TABLE 3 NORTH AMERICA WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 4 NORTH AMERICA RESIDENTIAL HEATING IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 5 NORTH AMERICA RESIDENTIAL HEATING IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 6 NORTH AMERICA RESIDENTIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 7 NORTH AMERICA POWER PLANTS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 8 NORTH AMERICA POWER PLANTS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 9 NORTH AMERICA POWER PLANTS IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 10 NORTH AMERICA COMMERCIAL HEATING IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 11 NORTH AMERICA COMMERCIAL HEATING IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 12 NORTH AMERICA COMMERCIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 13 NORTH AMERICA COMBINED HEAT AND POWER (CHP) IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 14 NORTH AMERICA COMBINED HEAT AND POWER (CHP) IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 15 NORTH AMERICA COMBINED HEAT AND POWER (CHP) IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 16 NORTH AMERICA ANIMAL BEDDING IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 17 NORTH AMERICA ANIMAL BEDDING IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 18 NORTH AMERICA ANIMAL BEDDING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 19 NORTH AMERICA WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 20 NORTH AMERICA WOOD PELLET MARKET, BY GRADE, 2021-2030 (THOUSAND TONNES)

TABLE 21 NORTH AMERICA WOOD PELLET MARKET, BY GRADE, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 22 NORTH AMERICA STANDARD WOOD PELLET IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 23 NORTH AMERICA STANDARD WOOD PELLET IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 24 NORTH AMERICA UTILITY WOOD PELLET IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 25 NORTH AMERICA UTILITY WOOD PELLET IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 26 NORTH AMERICA PREMIUM WOOD PELLET IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 27 NORTH AMERICA PREMIUM WOOD PELLET IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 28 NORTH AMERICA WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (USD MILLION)

TABLE 29 NORTH AMERICA WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (THOUSAND TONNES)

TABLE 30 NORTH AMERICA WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 31 NORTH AMERICA TRAEGER SIGNATURE WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 32 NORTH AMERICA TRAEGER SIGNATURE WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 33 NORTH AMERICA HICKORY WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 34 NORTH AMERICA HICKORY WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 35 NORTH AMERICA PECAN WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 36 NORTH AMERICA PECAN WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 37 NORTH AMERICA APPLE WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 38 NORTH AMERICA APPLE WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 39 NORTH AMERICA CHERRY WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 40 NORTH AMERICA CHERRY WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 41 NORTH AMERICA MESQUITE WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (USD MILLION)

TABLE 42 NORTH AMERICA MESQUITE WOOD PELLETS IN WOOD PELLET MARKET, BY REGION, 2021-2030 (THOUSAND TONNES)

TABLE 43 NORTH AMERICA WOOD PELLET MARKET, BY COUNTRY, 2021-2030 (USD MILLION)

TABLE 44 NORTH AMERICA WOOD PELLET MARKET, BY COUNTRY, 2021-2030 (THOUSAND TONNES)

TABLE 45 NORTH AMERICA WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 46 NORTH AMERICA WOOD PELLET MARKET, BY GRADE, 2021-2030 (THOUSAND TONNES)

TABLE 47 NORTH AMERICA WOOD PELLET MARKET, BY GRADE, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 48 NORTH AMERICA WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (USD MILLION)

TABLE 49 NORTH AMERICA WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (THOUSAND TONNES)

TABLE 50 NORTH AMERICA WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 51 NORTH AMERICA WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 52 NORTH AMERICA WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (THOUSAND TONNES)

TABLE 53 NORTH AMERICA WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 54 NORTH AMERICA RESIDENTIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 55 NORTH AMERICA POWER PLANTS IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 56 NORTH AMERICA COMMERCIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 57 NORTH AMERICA COMBINED HEAT AND POWER (CHP) IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 58 NORTH AMERICA ANIMAL BEDDING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 59 U.S. WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 60 U.S. WOOD PELLET MARKET, BY GRADE, 2021-2030 (THOUSAND TONNES)

TABLE 61 U.S. WOOD PELLET MARKET, BY GRADE, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 62 U.S. WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (USD MILLION)

TABLE 63 U.S. WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (THOUSAND TONNES)

TABLE 64 U.S. WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 65 U.S. WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 66 U.S. WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (THOUSAND TONNES)

TABLE 67 U.S. WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 68 U.S. RESIDENTIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 69 U.S. POWER PLANTS IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 70 U.S. COMMERCIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 71 U.S. COMBINED HEAT AND POWER (CHP) IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 72 U.S. ANIMAL BEDDING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 73 CANADA WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 74 CANADA WOOD PELLET MARKET, BY GRADE, 2021-2030 (THOUSAND TONNES)

TABLE 75 CANADA WOOD PELLET MARKET, BY GRADE, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 76 CANADA WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (USD MILLION)

TABLE 77 CANADA WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (THOUSAND TONNES)

TABLE 78 CANADA WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 79 CANADA WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 80 CANADA WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (THOUSAND TONNES)

TABLE 81 CANADA WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 82 CANADA RESIDENTIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 83 CANADA POWER PLANTS IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 84 CANADA COMMERCIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 85 CANADA COMBINED HEAT AND POWER (CHP) IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 86 CANADA ANIMAL BEDDING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 87 MEXICO WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 88 MEXICO WOOD PELLET MARKET, BY GRADE, 2021-2030 (THOUSAND TONNES)

TABLE 89 MEXICO WOOD PELLET MARKET, BY GRADE, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 90 MEXICO WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (USD MILLION)

TABLE 91 MEXICO WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (THOUSAND TONNES)

TABLE 92 MEXICO WOOD PELLET MARKET, BY FLAVORS, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 93 MEXICO WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 94 MEXICO WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (THOUSAND TONNES)

TABLE 95 MEXICO WOOD PELLET MARKET, BY APPLICATION, 2021-2030 (AVERAGE SELLING PRICE)

TABLE 96 MEXICO RESIDENTIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 97 MEXICO POWER PLANTS IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 98 MEXICO COMMERCIAL HEATING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 99 MEXICO COMBINED HEAT AND POWER (CHP) IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

TABLE 100 MEXICO ANIMAL BEDDING IN WOOD PELLET MARKET, BY GRADE, 2021-2030 (USD MILLION)

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FREQUENTLY ASK QUESTIONS

The North America Wood Pellet Market is projected to grow at a CAGR of 6.4% during the forecast period by 2030.
The North America Wood Pellet Market is segmented on the basis of type of grade, flavors, and application.
The major players in the North America 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, etc.
The countries covered in the North America Wood Pellet Market are U.S., Canada, and Mexico.
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