Published by mark itwired
Posted on September 17, 2021
4 min readLast updated: February 5, 2026
The biomass pellets market is set for significant growth by 2029, driven by increasing demand in East Asia and favorable government policies.
Future Market Insights’ new market research report titled, ‘Biomass Pellets Market: Global Industry Analysis 2014–2018 and Opportunity Assessment 2019–2029′, investigates the biomass pellets market, and provides critical insights for the forecast period 2019 to 2029. As per the findings of the report, the global biomass pellets market is projected to experience significant growth over the forecast period, because of multiple driving factors such as increasing utilization of biomass pellets in coal-fired boilers in industries, and also in commercial and domestic heating applications.
The global biomass pellets market was valued at around US$ 9 Bn in the year 2018, and is expected to expand at a CAGR above 8% over the forecast period of 2019-2029. Several government policies are being implemented across geographies that are favoring the utilization of efficient bio-fuels such as biomass pellets as a replacement for fossil-based fuels. This has significantly created demand for biomass pellets, and this demand is expected to grow at a very high rate over the forecast period.
Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-7175
East Asia Projected for Significant Growth Opportunities
Over the past years, Europe has been one of the key prominent regions in terms of the production and consumption of biomass pellets. However, other regions such as East Asia have emerged as lucratively growing regions in the global biomass pellets market. This has resulted from the significant growth of the markets in East Asia countries such as China, South Korea, and Japan.
China is one of the prominent hubs of industries and that use coal-based boilers. This creates ample opportunities of demand for biomass pellets that can be used as a replacement or co-fired with coal in these industries.
Furthermore, the demand in South Korea and Japan for biomass pellets has witnessed a significant hike over the past years. As a consequence, East Asia, as a whole, projects significant growth opportunities for the global biomass pellets market over the forecast period.
Sales of Wood Sawdust-Derived Biomass Pellets to Remain Prominent
The market has been segmented on the basis of different sources of biomass pellet production and on the basis of their multiple end uses, besides the seven prominent regions of the world.
Biomass Pellets Market: Vendor Insights
The report highlights some of the market players that are prominent and have established themselves as leaders in the global biomass pellets market. Some of the examples of the key players in this market are Drax Biomass Inc., Enviva Partners, LP, German Pellets GmbH, AS Graanul Inves, Pinnacle Renewable Energy Inc., and Abellon CleanEnergy Limited, among others. These players have a diverse set of biomass pellet offerings for industrial, commercial, as well as domestic applications. These players also participate actively in the trade of biomass pellets to reach international markets, and develop by acquiring a diverse clientele across geographies.
Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/toc/rep-gb-7175
The global biomass pellets market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach in front of the reader.
By Source
By End Use
Region
The post Biomass Pellets Market Key Vendors Analysis Drax Biomass Inc., Enviva Partners, LP, German Pellets GmbH, AS Graanul Invest first appeared on Market Research Blog.
The article discusses the growth and analysis of the biomass pellets market from 2019 to 2029.
East Asia, particularly China, South Korea, and Japan, are key regions for growth.
Key players include Drax Biomass Inc., Enviva Partners, and German Pellets GmbH.
Explore more articles in the Research Reports category
