Sales of biomass pellets in Europe are anticipated to grow at a 6.9% CAGR between 2023 and 2033. By the end of 2033, it is anticipated to reach a total Europe biomass pellets market size of USD 22,161.2 million.
Biomass pellets are a clean-burning, cost-effective, and renewable source of fuel that is gaining high popularity as an alternative to fossil-based fuels. Biomass pellets can be produced from any type of compressed biomass or organic matter. This includes cordwood, wood chips, wood sawdust, waste paper, agricultural waste (residue), food waste, virgin lumber, and energy crops among others.
The key application of biomass pellets is heating. They can be used in industrial heating, commercial or residential heating, and also in power generation.
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Wood pellets are widely consumed for diverse applications in European countries such as in the United Kingdom, Netherlands, Italy, Germany, and others. The increasing cost of energy, electricity, and fluctuations in the oil and gas industry are propelling the demand for renewable products for power generation.
The United Kingdom is the leading and key consuming country followed by other European countries such as Denmark, The Netherlands, Italy, Germany, and others.
The growing demand for renewable energy has created export opportunities for European biomass pellet producers. Countries with surplus biomass resources, advanced pellet production technologies, and sustainability certifications are exporting biomass pellets to meet demand in other countries, contributing to market growth.
Key market players are focusing on alternative distribution channels, such as online, to strengthen their market presence in both regional and country-level markets.
The majority of key players are focusing on, expansion of production units whereas small-scale companies must invest significantly in research and development to introduce new products and expand their Europe presence. Also, key players are focusing on growth in strategic sectors and creating value hubs.
Key Takeaways:
- Europe market of biomass pellets is projected to witness a CAGR of 9% during the period between 2023 and 2033.
- Based on the end use, biomass pellets are widely used in residential sector majorly for heating and cooking purposes.
- Based on the type, wood pellets are the dominant segment and hold more than 85% of the total market share.
- Based on the country, the United Kingdom is the leading and key consuming country for biomass pellets, at 25% of the total Europe market.
“Expansion of production capacities to cater the growing demand for pellets is driving the market in Europe. Fluctuating prices of oil & gas in Europe, and demand for green and carbon-neutral technology are expected to provide growing opportunities to manufacturers.” – says a lead FMI analyst
Competitive Landscape
According to Future Market Insights (FMI) Analysis Energex, Blackwood Technology, Arbaflame AS, TTCL Public Company Limited, Verdo Holding A/S, Airex Energie Inc., Graanul Invest, Iwatani Corporation, Land Energy Girvan Limited, Schwaiger Holzindustrie GmbH and Co. KG, Holzwerke Weinzierl GmbH, Balcas Energy, Enviva, LP, Drax Group, Ambienta Biomasse, Naparpellet and others are the market players, which are identified as key players.
Key players are engaged in the expansion of production capacities along with research and development.
Key players are also involved in the long-term supply of the products with the end users to maintain the proper supply chain and uninterrupted supply of final products.
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Market Segmentation by Category
By Type:
- Wood Pellets
- Black Pellets
- Forestry Pellets
- Agricultural Pellets
- Biomass Briquettes
By Source:
- Agricultural Residue
- Wood Sawdust
- Wood Chips
- Others
By End-use:
- Residential
- Industrial
- Commercial
By Region:
- Germany
- Italy
- France
- The United Kingdom
- Spain
- Belgium
- Netherland
- Russia
- Rest of Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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