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Wood Chips Market Share is projected to reach USD 13.16 Billion by 2028

According to Analyst, Global Wood Chips Market size was valued at USD 7.88 Billion in 2021 and is projected to reach USD 13.16 Billion by 2028, growing at a CAGR of 7.6% from 2022 to 2028.

Small to medium-sized pieces of wood, such as branches, trees, stumps, and debris from forestry operations are turned into woodchips by cutting or chipping bigger pieces of wood. Woodchips are the raw material for making wood pulp and can be used as a biomass solid fuel. They can be utilized as a substrate for the growth of mushrooms as well as an organic mulch for landscaping, gardening, and ecosystem restoration. Using a wood chipper, the process of creating woodchips is known as wood chipping. The kind of wood chipper utilized and the substance used to make the chips determine what kind of woodchips are produced after chipping..

Wood Chips market research includes a thorough competitor study analysis and SWOT analysis. According to the market study, report covers key players market share and global impression through collaborations, mergers and acquisitions, joint ventures, partnerships, agreements and product launches. The research examines macroeconomic and microeconomic variables that may affect market demand and growth. The research reports covers COVID-19 impact on  current market position as well as regional analysis for future growth. The market size, share, production, revenue, production, gross margin, pricing, and market-influencing factors are all covered in research report. The market research report is in-depth examined for the relevant time frame.

Wood Chips Market

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Report Scope:

Report Attribute Details
Market Size In 2021 USD 7.88 Billion
Market Size in 2028 USD 13.16 Billion
CAGR Growth Rate 7.6%.
Base Year 2021
Forecast Period 2022 to 2028

Leading Key Players:

  • St. Boniface Pallet
  • American Wood Resources
  • Axpo Group
  • Great Northern Timber
  • EVOWORLD GmbH
  • Boniface Pallet Company Ltd
  • Mitsui & Co., Ltd.
  • Cogent Fibre
  • Enviva Pellets
  • Oji Holdings
  • Orsted A/S
  • Sojitz Corporation
  • Verdo A/S and other major players.

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Market Dynamics and Factors:

Drivers:

  • Growing Demand for Wood Chips

Restraints:

  • Downsides of Using Wood Chips and The Availability of Alternatives

Opportunities:

  • Wood Chip Feeding Technology of the Future for Small-scale Biomass Boilers

Market Segment by Type:

  • Softwood
  • Hardwood
  • Others

 Market Segment by Application:

  • Combined Heat and Power
  • Residential and Commercial Heating
  • Playground Surfacing
  • Pulp Manufacturing
  • Mulch
  • Others

Market Segment by Raw Material:

  • Forest Chips
  • Wood Residue Chips
  • Sawing Residue Chips
  • Short Rotation Coppice Chips

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Market Segment by Region:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Industry Development In The Market

In August 2021, the 7.5MW wood-fired biomass Godo Biomass Power Plant, which is slated to begin operations in March 2023, is being built, according to a report from Marubeni Corporation, a joint venture business between Chubu Electric Power Co., Inc. and Marubeni. The majority of the wood waste produced in Gifu Prefecture would be used to fuel this power plant.

In July 2021, it was announced by New Forests that it had purchased the Hilt-Siskiyou Forest, a 156,000-acre mixed-conifer forest near the border of California and Oregon, from Fruit Growers Supply Company.

In February 2019, A public solicitation for the sale of 265,000 tonnes of wood chips and firewood only for combined heat and power (CHP) in high-efficiency cogeneration plants has been made public by Croatia’s public forest management utility Hrvatske ume.

Table of Contents

Chapter 1: Introduction

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment

Chapter 4: Market Landscape

Chapter 5: Market by Type

Chapter 6: Market by Application

Chapter 7:  Market by End-User

Chapter 8: Company Profiles and Competitive Analysis

Chapter 9: Global Market Analysis, Insights and Forecast, 2016-2028

Chapter 10: North America Market Analysis, Insights and Forecast, 2016-2028

Chapter 11: Europe Market Analysis, Insights and Forecast, 2016-2028

Chapter 12: Asia-Pacific Market Analysis, Insights and Forecast, 2016-2028

Chapter 13: Middle East & Africa Market Analysis, Insights and Forecast, 2016-2028

Chapter 14: South America Market Analysis, Insights and Forecast, 2016-2028

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

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Key Benefits of Global Market Research Report:

  • Market Segmented by Types, Applications, Regions, and key players
  • Potential Market Drivers. restraints, opportunities and challenges in the study
  • Recent Key industry news, developments and trends
  • Leading Competitive landscape & strategies of industry players
  • Research coves market historical, current, and projected market size and share value
  • In-depth analysis of market in terms of sales, price, revenue, market share, and growth rate
  • Research covers the porter analysis Bargaining Power of Suppliers and consumers, Threats of New Entrants, Substitute Product and Services

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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