The wood pellets market is projected to be valued at US$ 10,037.6 million in 2023 and is expected to rise to US$ 24,345.6 billion by 2033. The sales of wood pellets are expected to record a significant CAGR of 10.2% during the forecast period. The wood pellets market is experiencing significant growth due to escalating …
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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 …