HTF Market Intelligence has launched a comprehensive new study on the Global Biomass Pellets Market, providing a detailed analysis across 143+ pages. The report outlines the market’s projected growth from $11 billion in 2025 to $25 billion by 2032, representing a compound annual growth rate (CAGR) of 10.74%. It explores the scope of the industry, major players, regional dynamics, and key growth factors driving the sector forward, reports OpenPR.
Biomass pellets, defined as renewable fuel made from compressed organic matter, are gaining global traction due to their application in heating and industrial power generation. The market is being propelled by a strong push toward renewable energy and carbon neutrality goals, with advancements in pelletizing technologies and the integration of biomass into hybrid energy systems contributing to its development.
The market is segmented by type into wood pellets and agricultural residues, and by application into heating and industrial power generation. Europe currently dominates the global biomass pellet market, while Asia-Pacific is forecasted to be the fastest-growing region, thanks to increasing industrialization and energy demand in countries like China and India.
Leading companies operating in this space include U.S.-based firms such as Drax Biomass, Enviva Biomass, and New England Wood Pellet, along with UK-based companies like Bio-bean Ltd and MGT Power, and Australian firm Forth Energy.
Despite strong growth prospects, the market faces challenges, particularly the dependence on agricultural residues, which can lead to supply chain vulnerabilities.
