Global Wood Chips Market: Industry Analysis and Forecast 2021-2027: By Product, Application and Region

Global Wood Chips Market is anticipated to reach US$ 12.11 Bn by 2027 from US$ 6.81 Bn in 2019 at a CAGR of 10.1% during a forecast period.

Global Wood Chips Market Overview

Wood chips are small-to-medium-sized wood pieces created by cutting and chipping large pieces of wood such as trees, logging leftovers, branches, roots, stumps, and wood trash. Depending on the kind of wood chip processing, each chipper has a different purpose. Residual forest resources, such as tree branches, treetops, unsaleable materials, or undersized trees, can also be used to make wood chips. Degrading bioreactors, orchards, and gardens are frequently constructed with woodchips. Global Wood Chips Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. Where 2019 is considered a base year to forecast the market from 2021 to 2027. However, 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe.

Global Wood Chips Market Dynamics

The wood chip on the energy market begins to shift substantially with the introduction of several major projects that may create new supply markets. In small plants, usually little more than 20MW in size, wood chips are utilized throughout Europe for electricity and heat generating. Also, the increase in the use of renewable energy sources such as biomass as a result of the depletion of traditional energy sources promotes the market in wood chips. Increased demand for pulp chips in wood chips is also increasing in the pulp market, with wood chips being used as a raw material to create pulp. Global Wood Chips Market 1 In addition, market growth is expected to be driven by increased usage of the product for domestic heating solutions, primarily in Europe and North America. The market is likely to benefit from rising demand for generating thermal energy from renewable and green feedstock products. Wood chips have a high energy coefficient, allowing them to meet high demand throughout the forecast period. Restraints: The wood chips market is likely to be hampered by the requirement for sustainability-related certifications and limitations imposed on GHG emissions from wood chips when used for energy generation. In addition, the growing use of wood pellets for power production in the residential and commercial sectors may limit the growth of the wood chips market during the forecast period.

Global Wood Chips Market Segmentation Analysis

By Product, Softwood dominated the market in 2019, with an xx percent share, and this trend is expected to continue during the forecast period. During the forecasted period, higher demand for products like garden pulp and other applications like playground surfaces is expected to boost the segment. The high carbon content of hardwood products is expected to boost demand throughout the forecast period. By Application, The combined Heat and Power segment is expected to grow at a faster pace during the forecast period. Demand for the product as a fuel in combined heat and power applications is expected to surge in the forecast period. Residential heating is one of the product's most common applications, however owing to the extensive use of pellets for interior heating, its development is likely to be constrained. Because of their exceptional water-absorbing capabilities and cheap product prices, wood chips are expected to become more popular as garden mulch.

Global Wood Chips Market Regional Insights

The Asia Pacific market is expected to account for xx% of revenue in the global market. This is linked to the growing use of wood chips for domestic heating in the region's countries. A large pipeline of biomass projects is being developed in Japan, thanks to the Feed-in-Tariff subsidy system. Japan is one of the world's major exporters of wood chips for pulp and paper, is expected to boost its usage of wood chips for energy generation in the country. Furthermore, the North American market is expected to have the second-highest revenue share in the global market. In Europe and North America, stringent restrictions are expected to raise demand for wood chips. Wood chips have long been utilized in small-scale (20MW) facilities in Europe to generate heat and power. Locally grown wood is utilized to create heat the majority of the time in Europe.

Global Wood Chips Market Scope: Inquire before buying

Global Wood Chips Market 2

Global Wood Chips Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Global Wood Chips Market Key Players

Cogent FibreEnviva PelletsSt. Boniface PalletAmerican Wood Resources • EVOWORLD GmbH • Boniface Pallet Company Ltd • Mitsui & Co., Ltd. • Oji Holdings • Orsted A/S • Sojitz Corporation • Verdo A/S • Axpo Group • Rentech • Chip Chip • Great Northern Timber

Frequently Asked Questions

1. What is the projected market size & growth rate of the Global Wood Chips Market? Ans- Wood Chips Market was valued at USD 6.81 billion in 2019 and is projected to reach USD 12.11 billion by 2027, growing at a CAGR of 10.1% during the forecast period. 2. What are the key driving factors for the growth of the Global Wood Chips Market? Ans- Market growth is expected to be driven by increased usage of the product for domestic heating solutions, primarily in Europe and North America. The market is likely to benefit from rising demand for generating thermal energy from renewable and green feedstock products. Wood chips have a high energy coefficient, allowing them to meet high demand throughout the forecast period. 3. Which region accounted for the largest Global Wood Chips Market share? Ans- The Asia Pacific market is expected to account for xx% of revenue in the global market. This is linked to the growing use of wood chips for domestic heating in the region's countries. A large pipeline of biomass projects is being developed in Japan, thanks to the Feed-in-Tariff subsidy system. 4. What makes North America a Lucrative Market for Global Wood Chips Market? Ans- the North American market is expected to have the second-highest revenue share in the global market. In North America, stringent restrictions are expected to raise demand for wood chips. 5. What are the top players operating in the Global Wood Chips Market? Ans- The major players operating in the Wood Chips market include Cogent Fibre, EVOWORLD GmbH, Enviva Pellets, St. Boniface Ballet, American Wood Resources, and Boniface Pallet Company Ltd.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Wood Chips Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Wood Chips Market 3.4. Geographical Snapshot of the Wood Chips Market, By Manufacturer share 4. Global Wood Chips Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Wood Chips Market 5. Supply Side and Demand Side Indicators 6. Global Wood Chips Market Analysis and Forecast, 2019-2027 6.1. Global Wood Chips Market Size & Y-o-Y Growth Analysis. 7. Global Wood Chips Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 7.1.1. Softwood 7.1.2. Hardwood 7.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 7.2.1. Combined Heat and Power 7.2.2. Heating Residential/ Commercial 7.2.3. Others 8. Global Wood Chips Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Wood Chips Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 9.1.1. Softwood 9.1.2. Hardwood 9.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 9.2.1. Combined Heat and Power 9.2.2. Heating Residential/ Commercial 9.2.3. Others 10. North America Wood Chips Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Wood Chips Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 12. Canada Wood Chips Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 13. Mexico Wood Chips Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 14. Europe Wood Chips Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 15. Europe Wood Chips Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Wood Chips Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 17. France Wood Chips Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 18. Germany Wood Chips Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 19. Italy Wood Chips Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 19.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 20. Spain Wood Chips Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 20.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 21. Sweden Wood Chips Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 21.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 22. CIS Countries Wood Chips Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 22.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 23. Rest of Europe Wood Chips Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 23.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 24. Asia Pacific Wood Chips Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 24.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 25. Asia Pacific Wood Chips Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Wood Chips Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 26.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 27. India Wood Chips Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 27.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 28. Japan Wood Chips Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 28.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 29. South Korea Wood Chips Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 29.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 30. Australia Wood Chips Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 30.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 31. ASEAN Wood Chips Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 31.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 32. Rest of Asia Pacific Wood Chips Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 32.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 33. Middle East Africa Wood Chips Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 33.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 34. Middle East Africa Wood Chips Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Wood Chips Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 35.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 36. GCC Countries Wood Chips Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 36.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 37. Egypt Wood Chips Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 37.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 38. Nigeria Wood Chips Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 38.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 39. Rest of ME&A Wood Chips Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 39.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 40. South America Wood Chips Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 40.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 41. South America Wood Chips Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Wood Chips Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 42.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 43. Argentina Wood Chips Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 43.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 44. Rest of South America Wood Chips Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By Product , 2019-2027 44.2. Market Size (Value) Estimates & Forecast By Application , 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Wood Chips Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Enviva Pellets 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Cogent Fibre 45.5. EVOWORLD GmbH 45.6. Enviva Pellets 45.7. St. Boniface Ballet 45.8. American Wood Resources 45.9. Boniface Pallet Company Ltd 45.10. Mitsui & Co., Ltd. 45.11. Oji Holdings 45.12. Orsted A/S 45.13. Sojitz Corporation 45.14. Verdo A/S 45.15. Axpo Group 45.16. Rentech 45.17. Chip Chip 45.18. Great Northern Timber Primary Key Insights

About This Report

Report ID115358
Category Energy & Power
Published DateAug 2021
Updated Date
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