The global biopellet energy market is anticipated to grow at a significant CAGR during the forecast period. Biopellet or pellet fuels are biofuels made from biomass. Pellets are generally made from various biomass substances such as agricultural residues, energy crops, food waste and virgin lumber. Wood pallete considered as one of the best biopelletes and an effective alternatives to replace the fossil fuels in industrial combustion and power plant applications. The key factor driving the global biopellet market is growing demand for biomass pellets as a fuel for co-firing in coal-based boilers and in other end-user applications. For instance, in October 2021, NTPC has placed an order of 9,30,000 tonnes of biomass pellets for co-firing in power plants toimprove air quality.Apart from this, the adoption of biopelletes in industrial and commericla heat & power generation to reduce the carbon emission has surged their market demand , which in turn driving the market growth. . However, factors such as expensive extraction process, low product quality, and high cost of raw materials restrains the growth of the market. Furthermore, the increasing favourable government regulation and initiatives aimed at curbing carbon emission by increasing reliance on renewable energy for generating power is bringing new opportunities to the market. For instance, from 2013-2020, the European Government has reduced emission level upto 20% as per the Kyoto Protocol.
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The global biopellet energy market was hardly hit by the impact of COVID-19 pandemic. The disruption in raw material supply chain owing to the mobility restriction imposed by the government resulted declination in maket growth. Moreover, the lockdown also had a major impact on the energy sector overall as energy demand around the world has decreased by 18 – 25%. Industrial production ground to a halt in major economies and restrictions on movement of people led to one of the greatest drop in transport fuel demand. Due to which the demand for biopellet got reduced. Apart from these, the World Bioenergy Association (WBA) undertook a survey ‘COVID-19 and impact on the global bioenergy sector’ in May 2020. In this survey Bioenergy stackholders wre to respond to the impact of COVID-19,on investments, revenues, production and employment in the sector. Majority of the respondents were producers of bioenergy equipment (boilers, pellet mills etc.) processed solid biomass (pellets, wood chips etc.), energy (electricity and heat), liquid bioethanol, biodiesel and biogas. In this the Liquid biofuel sector was affected hardly and solid biomass sector has shown resilience. Producers of solid biofuels, had no significant impact due to no significant restrictions.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Biopellet Energy Market by Type
- Pellet stoves
- Boilers
- Burners
Global Biopellet Energy Market by Application
- Vehiclefuel
- Heat generation
- Commercial or Residential heating
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- AMP Clean Energy
- BIOAGRO Energy Osterlen AB
- Brookfield Asset Management Inc.
- Biomass Secure Power Inc.
- Curran Renewable Energy, LLC
- Clarion Housing Group
- Pacific BioEnergy
- Pinnacle Renewable Energy Inc
- Punjab Renewable Energy System Pvt. Ltd
- Renewable Energy Group, Inc.
- Strahler Clean Energy Pvt. Ltd.
- Siemens Gamesa Renewable Energy
- The Brookridge Group
- VIASPACE Green Energy Inc.
- Wood Pellet Reviews
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global biopellet energy market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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