Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Biomass Pellets Market to hit USD 17.38 Billion by 2033, Says We Market Research

This image opens in the lightbox

News provided by

We Market Research

01 Dec, 2023, 11:55 GMT

Share this article

Share toX

Share this article

Share toX

CHICAGO, Dec. 1, 2023 /PRNewswire/ -- As per the most recent analysis conducted by We Market Research, the biomass pellets market is on track to reach a value of $17.38 billion by the end of 2033. Looking ahead, the market's prospects appear even more impressive, with projections suggesting a significant increase to $11.57 billion in 2023. This remarkable growth trajectory is underpinned by a strong compound annual growth rate (CAGR) of 5.9% expected between 2023 and 2033.

Favorable Government Policies and Incentives for Biomass Pellets to boost the growth of biomass pellets market

Governments around the world are implementing supportive policies and incentives to promote the use of biomass pellets as a renewable energy source. This includes feed-in tariffs, renewable energy targets, tax incentives, and grants, which are driving the market growth and encouraging investment in biomass pellet production

Request for a sample of this research report @ https://wemarketresearch.com/sample-request/biomass-pellets-market/1390

Renewable Energy Directive (RED) and RED II: The Renewable Energy Directive is a key policy framework in the European Union (EU) that sets binding targets for the share of renewable energy in the overall energy consumption. Biomass pellets are eligible for support under this directive, and RED II has further reinforced the sustainability criteria for biomass used in energy production.

Feed-in Tariffs and Premiums: Many European countries have implemented feed-in tariffs and premiums to incentivize the production of renewable energy, including biomass pellets. These mechanisms guarantee a fixed payment or additional premium for electricity generated from biomass pellets, making it financially attractive for producers.

Biomass Pellets Market Report Scope:

Report Attributes

Description

Market Size in 2022

USD 10.47 Billion

Market Forecast in 2033

USD 18.55 Billion

CAGR % 2023-2033

5.9 %

Base Year

2022

Historic Data

2016-2022

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Raw material and application

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

AS Graanul Invest, Pinnacale Renewable Energy Inc., Lignetics, Zilikha Biomass Energy, Enviva Biomass, New England Wood Pellet, Others

Renewable Heat Incentive (RHI): The RHI schemes in various European countries, such as the United Kingdom and Germany, provide financial incentives to promote the use of renewable heat sources, including biomass pellets. These incentives support the installation of biomass pellet heating systems in residential, commercial, and industrial sectors.

Biomass Crop Assistance Program (BCAP): BCAP in the United States offers financial incentives for the establishment, production, and delivery of biomass feedstocks, including those used for biomass pellet production. The program supports the growth of the biomass industry and encourages the adoption of biomass pellets for energy generation.

Production Tax Credits (PTCs) and Investment Tax Credits (ITCs): The U.S. federal government provides tax credits for renewable energy projects, which can benefit biomass pellet producers. PTCs provide a per-kilowatt-hour credit for electricity generated from biomass, while ITCs offer a tax credit for the capital investment in qualifying renewable energy facilities.

Renewable Energy Sources Act (EEG): The EEG in Germany provides a feed-in tariff system and priority grid access for renewable energy sources. Biomass pellets market are eligible for support under this policy, and biomass pellet producers can benefit from guaranteed purchase prices for the electricity they generate.

Combined Heat and Power (CHP) Act: Germany has specific regulations and incentives for combined heat and power plants that use biomass as a fuel source, including biomass pellets. The CHP Act provides financial support, favorable electricity tariffs, and exemption from certain levies for CHP systems that meet the criteria.

Renewable Heat Incentive (RHI): The United Kingdom's RHI scheme supports the use of renewable heat sources, including biomass pellets, through financial incentives. Biomass pellet heating systems installed in eligible sectors can receive payments based on the heat generated.

Europe biomass pellets market is set to reach a volume of 54.44 million metric tons by 2033

Europe is positioned to be a game-changer within the biomass pellet market, driven by a combination of factors that align with the region's commitment to renewable energy and sustainability. The European Union's ambitious climate and energy targets, including the European Green Deal and the 2033 Climate and Energy Framework, emphasize a transition towards cleaner and more sustainable energy sources. In this context, biomass pellets, derived from organic materials such as wood, agricultural residues, and dedicated energy crops, have gained prominence as a key renewable energy resource.

Several factors contribute to Europe's pivotal role in the biomass pellet market. Firstly, the region's robust regulatory framework and supportive policies, such as the Renewable Energy Directive (RED II), create a conducive environment for the production and consumption of biomass pellets. These policies promote the use of biomass for energy generation, emphasizing its role in reducing greenhouse gas emissions and fostering a circular economy.

Secondly, Europe's commitment to phasing out coal-fired power plants and achieving carbon neutrality further accelerates the demand for biomass pellets as an alternative, sustainable energy source. Biomass pellets are considered a carbon-neutral fuel, as the carbon dioxide released during combustion is offset by the carbon absorbed during the growth of the source materials.

Thirdly, advancements in technology and sustainable forest management practices in Europe enhance the efficiency and environmental credentials of biomass pellet production. The region's focus on ensuring the sustainability and traceability of biomass feedstocks aligns with the growing global demand for responsibly sourced bioenergy.

Moreover, Europe's well-established infrastructure for biomass supply chains, including logistics, transportation, and storage facilities, positions it as a key player in the global biomass pellet market. The availability of established trading platforms and biomass certification schemes further contributes to the region's influence.

Drive Your Growth Strategy: Purchase the Report for Key Insights!

https://wemarketresearch.com/purchase/biomass-pellets-market/1390?license=single 

In conclusion, Europe's proactive approach to renewable energy, coupled with supportive policies, technological advancements, and a commitment to sustainability, positions the region as a game-changer in the biomass pellet market. As the demand for clean and renewable energy sources continues to rise globally, Europe's leadership in this sector not only drives economic growth but also contributes significantly to the ongoing global energy transition.

Competitive Analysis

Some of the major companies operating within the biomass pellets market are AS Graanul Invest, Pinnacale Renewable Energy Inc., Lignetics, Zilikha Biomass Energy, Enviva Biomass, New England Wood Pellet and others.

Enviva Biomass dominated the market with an active share of 8.27% in 2022,followed by New England Wood Pellet with 6.11%.

Have a Look at Related Reports

Green Ammonia Market

Ethanol Market

Active Oxygens Market

Chemical Testing Services Market

Personal Protective Equipment Market

About We Market Research:

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Contact Us:

Mr. Robbin Joseph
Corporate Sales, USA
We Market Research
USA: +1-724-618-3925
Websites: https://wemarketresearch.com/  
Email: sales@wemarketresearch.com

Logo: https://mma.prnewswire.com/media/2267296/We_Market_Research_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.