Wood Chips Market Insights:
The Wood Chips Market was analyzed which was worth USD 10.87 Billion in the year 2022, expecting a CAGR of 7.79% during the forecast period (2023-2030), and the market is projected to be valued at USD 19.81 Billion by 2030.
The increased adoption of Wood Chips in the Renewable Energy is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Wood Chips also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Wood Chips in many sectors also boosts the market growth during the forecast period.
Wood chips are small pieces of wood that are typically used as a feedstock for various applications. They are produced by chipping or shredding wood from trees or lumber that is too small or unsuitable for other uses. Wood chips are commonly used as a source of fuel for industrial boilers and power plants, as well as for residential heating in wood-burning stoves and fireplaces. They are also used in the production of wood pulp for paper manufacturing and as a raw material for the production of engineered wood products such as particleboard and oriented strand board.
Wood Chips Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product Type (Softwood, Hardwood, Manual), Variety Type (Forest Chips, Recycled Chips, Wood Residue Chips, Sawing Residue Chips), Raw Material (Pulp Wood, Residue Wood), application (Combined Heat and Power (CHP), Household Furnishing, Residential Heating, Playground Surfacing, Barbecue, Mulch, Bio Reactors and Fuel), and companies (Key Players), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 7.79%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||19.81 Billion|
|By Product Type||Softwood, Hardwood, Manual|
|By Variety Type||Forest Chips, Recycled Chips, Wood Residue Chips, Sawing Residue Chips|
|By Raw Material||Pulp Wood, Residue Wood|
|By Application||Combined Heat and Power (CHP), Household Furnishing, Residential Heating, Playground Surfacing, Barbecue, Mulch, Bio Reactors and Fuel|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Cogent Fibre, Drax Biomass Inc., RentechInc, Enviva Partners LP, German Pellets GmbH, Vividis Energy Inc, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics Of Idaho, Colombo Energy Inc, Premium Pellet Ltd, Agon Biomass, Pellet Power, Blue Sky Biomass, Bio EnecoSdnBhd|
The COVID-19 pandemic has had a substantial negative influence on the Wood Chips market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Cogent Fibre, Drax Biomass Inc., RentechInc, Enviva Partners LP, German Pellets GmbH, Vividis Energy Inc, AS Graanul Invest, Pinnacle Renewable Energy Inc, Lignetics Of Idaho, Colombo Energy Inc, Premium Pellet Ltd, Agon Biomass, Pellet Power, Blue Sky Biomass, Bio EnecoSdnBhd
Market Segment Analysis:
By Product Type
By Variety Type
- Forest Chips
- Recycled Chips
- Wood Residue Chips
- Sawing Residue Chips
By Raw Material
- Pulp Wood
- Residue Wood
- Combined Heat and Power (CHP)
- Household Furnishing
- Residential Heating
- Playground Surfacing
- Bio Reactors and Fuel
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Wood Chips industries in the region.
Key Wood Chips Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Wood Chips Market segments.
– Largest Market Share Held by Industry to Industry for Wood Chips
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Wood Chips Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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