Wood Pellets Market PPT

1. Wood Pellets Market to at over 15% CAGR from 2021 to 2027: Global Market Insights, Inc. Global Market Insights Inc.

2. Overview of Wood Pellets Market • The deadly coronavirus pandemic has been presenting risks of major disruptions across the industrial sector and the global economy. The supply chain of wood pellets, however, displayed remarkable resilience in regions including the U.S., demonstrating a significant way of maintaining the wood-based bioenergy supply chain despite a major economic disruption. • To effectively support energy transition and achieve the target of clean energy sources, several policies have also been modified and put into place, adding impetus to the expansion of the wood pellet market over the years ahead. • In keeping with this trend, the Ministry of Power of India, for example, set up the National Mission on the use of biomass in coal-based thermal power plants to mitigate air pollution and carbon footprints. Also, NTPC placed an order of 9,30,000 tons of biomass pellets for power plants to improve air quality in October 2021, contributing to the rising popularity of wood pellets for industrial fuel applications. Global Market Insights Inc.

3. Continue… • Wood pellet, a compressed form of wood biomass, is rapidly emerging as a clean and sustainable form of energy and is being used extensively in boilers and stoves in place of alternatives like fossil fuels. • Cost-effectiveness: As compared to other energy sources, the prices of wooden pellets have remained relatively steady over the past decade. • Low carbon emission: Pellet fuel produces 1/10th of the carbon as heating with oil. The carbon footprint can be significantly reduced, given the sustainable management of the forest the pellet material is sourced from. Also, burning pellets results in lower carbon emissions than from trees left to decompose in the forest. • Environment-friendliness: There are no harmful extracts and chemicals included in the use of wood pellets. The product is also made from scratch using renewable energy and high-quality material from trees available in sustainable forests. • Environment-friendliness: There are no harmful extracts and chemicals included in the use of wood pellets. The product is also made from scratch using renewable energy and high-quality material from trees available in sustainable forests. Global Market Insights Inc.

4. Continue… • In view of the massive business disruptions fueled by the COVID-19 outbreak, numerous power generation companies are placing major emphasis on bringing new job opportunities, to boost economic recovery. They are also playing a key role in combatting climate change through investment strategies for the heightened production of sustainable biomass. • Citing an instance, in May 2021, Drax Group unveiled plans to launch a project worth $40 million to develop three wood pellet production facilities in Arkansas, which was aimed at having a combined capacity of over 120,000 kt/yr. These U.S.-based plants were also geared towards supplying renewable biomass to the power station in the UK, thereby strengthening the wood pellet market outlook in the region. • Wood pellets for heating applications are considerably gaining traction in residential settings in recent years. Such factors are influencing companies to undertake innovative steps to capitalize on attractive tailwinds in the residential pellet heating, grilling, as well as wood-based pet litter. Global Market Insights Inc.

5. Continue… • For instance, in November 2021, EagleTree Capital LLC bought Lignetics Inc., a company that deploys over 2 million tons of wood waste per year to make around 1.4 million tons of wood pellets for myriad applications, including home heating, barbecues, and horse bedding. • Under the agreement, the pellet manufacturer is targeting to leverage growth opportunities in the barbecue pellet brands, which in turn, will enhance wood pellet market penetration over the years ahead. Global Market Insights Inc.

6. Browse Full Research Report On Wood Pellets Market@ https://bit.ly/2LQlApM Request for a sample of this research report @ https://bit.ly/2MO4LuZ Global Market Insights Inc.

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