The wood pellets market is poised for substantial growth, projected to reach a valuation of USD 10,037.6 million in 2023 and expected to escalate to USD 24,345.6 million by 2033, with sales anticipated to achieve a noteworthy CAGR of 10.2% throughout the forecast period. This growth is driven by increasing environmental concerns and governmental initiatives …
Tag Archives: Wood Pellets Market
Wood Pellets Market is set for astounding growth at approximately 11% CAGR through the forecast period 2021-2031
Majorly driven by demand upsurge in residential heating segment, global wood pellets market is set for astounding growth at approximately 11% CAGR through the forecast period (2021-2031). Consumers in developed countries exhibit rising dependency on renewable sources such as pellet-based fuel, thereby driving sales. Moreover, high price point of fossil fuel is accentuating the demand for pellet-based …