Global Wood Chips Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Wood Chips Market Overview
"The global Wood Chips Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global wood chips market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Woodchips are pieces of wood. They are produced by cutting large pieces of wood such as branches, stumps, roots, and from trees, logging residues, and wood waste. The woodchips are widely used for landscaping, gardening, bioreactors for denitrification, and restoration ecology as organic mulch.
Wood Chips Market Dynamics:
Growing demand for renewable energy generation sources is a key factor expected to drive the growth of the global wood chips market over the forecast period. Also, increasing preference for wood chips as an energy generation source and for heating purposes in the residential sector across the globe is another factor expected to boost the growth of the target market during the forecast period.
In addition, the increasing use of woodchips as a biomass solid fuel and raw material for producing wood pulp in pulp industries, and the growing demand for wood chips as a composting material owing to a high level of carbon and moisture retention characteristics of wood chips are among some factors expected to fuel the growth of the target market.
Furthermore, the rising trend in the use of nanocrystalline cellulose (NCC), which is produced by processing wood pulp in the next generation of flexible electronic displays as the latest wonder material in the various electronic sectors is expected to inhibit the growth of the target market in the coming 10 years.
However, the availability of wood pellets as a substitute product is expected to hamper the growth of the target market to a certain extent. In addition, increasing penetration of wood pellets for power generation in residential and commercial sectors is expected to restrain the growth of the global wood chips market over the forecast period.
On the basis of product type, the softwood segment is expected to dominate the global wood chips market, owing to the growing demand for softwood products for gardening mulch and playground surfacing across the globe.
On the basis of various types, the forest chips segment is expected to dominate the global market, owing to the increasing utilization of forest chips in the residential sector due to their high carbon content across the globe.
On the basis of raw material, the pulpwood segment is expected to dominate in the global market, owing to the increasing use of pulpwood for a wide range of products such as paper, strand board, and many more in various sectors across the globe.
Market in the Asia Pacific is expected to dominate the target market in terms of revenue, owing to the high consumption of wood chips in the residential sector in emerging countries such as China, India, and Japan in the region.
Market in North America is expected to register significant growth in the global market in terms of revenue, owing to increasing wood chips demand in commercial energy generation industries and increasing stringent regulations related to greenhouse gas (GHG) emission in countries such as US and Canada in the region.
The market in Europe is expected to register significant growth in the global market followed by the market in Latin America and Middle East & Africa in terms of revenue during the forecast period.
Global Wood Chips Market Segmentation:
Segmentation by Product Type:
Segmentation by Variety Type:
- Forest Chips
- Recycled Chips
- Wood Residue Chips
- Sawing Residue Chips
Segmentation by Raw Material:
- Pulp Wood
- Residue Wood
Segmentation by Application:
- Combined Heat and Power (CHP)
- Household Furnishing
- Residential Heating
- Others (Playground Surfacing, Barbecue, Mulch, Bio Reactors, and Fuel)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Cogent Fibre, Inc.
- Evoworld GmbH
- Enviva Pellets, LLC
- Boniface Pallet Company Ltd
- Oji Holdings
- Orsted A/S
- Verdo A/S
- Mitsui & Co., Ltd.
- American Wood Resources, LLC
- Sojitz Corporation
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