North America Wood Pellet Market Growth and Analysis by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

North America Wood Pellet Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application [Residential Heating, Commercial Heating, CHP (Combined Heat and Power), and Power Generation]

Report Date : Nov 2021
Report Code : TIPRE00025892

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 67

Page Updated: Nov 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The wood pellet market in North America is expected to grow from US$ 809.22 million in 2021 to US$ 1,839.74 million by 2028; it is estimated to grow at a CAGR of 12.4% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. Expanding demand for wood pellets is the major factor driving the growth of the North America wood pellet market. There is a rise in demand for wood pellets, owing to increased investment in coal conversion projects, as well as public administration buildings such as schools and offices. Moreover, it is treated as a biomass fuel and is extensively used in industrial as well as commercial applications. Also, there is an increase in focus on substituting coal-fired power plants with pellet-based plants across the industrial sector. Strict regulations pertaining to environmental sustainability, along with strong efforts to achieve the emission targets within the specified time limit, is another factor significantly contributing toward increased demand for wood pellets in the regional market. Further, volatility in the prices of fossil fuels, along with concerns related to climatic changes, has substantially driven the demand for wood pellets in the region. Additionally, the growing focus on minimizing carbon emissions and contributing to total renewable energy consumption is yet another factor driving the demand for wood pellets.

North America is one of the worst-affected economies due to the COVID-19 pandemic. The US has reported the highest number of confirmed cases. The unprecedented rise in number of COVID-19 cases across the US and Canada, and the subsequent lockdown of manufacturing facilities have negatively influenced the growth of the various markets in these countries. As of August 2021, the US registered 36,266,840 cases with 631,757 deaths. The significant disruption in manufacturing facilities, along with raw material sourcing, has had a negative impact on the demand for wood pellet in the country. In the same way, the pandemic had an intense impact on the Canadian economy. However, the market is reviving on account of significant measures taken by the government such as vaccination drives. As per an article published by the National Center for Biotechnology Information (NCBI) in 2020, the global public health bodies and governments have implemented several strategies as well as issued advisories to promote health and hygiene, social distancing strategies, and other such guidelines to prevent the spread of SARS-CoV-2. Amid the economic recovery, several industrial sectors are strategically focused on investing in sustainable sources to align with greener future.

North America wood pellet market

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Wood Pellet Market Segmentation

North America Wood Pellet Market – By Application

Residential Heating
Commercial Heating
CHP (Combined Heat and Power)
Power Generation

North America Wood Pellet Market– By Country

US
Canada
Mexico

North America Wood Pellet Market-Companies Mentioned

ANDRITZ
Energex Pellet Fuel, Inc.
Enviva Lp
Graanul Invest
New England Wood Pellet
Pacific Bioenergy
Pinnacle Renewable Energy Inc
Premium Pellet Ltd
TANAC
Wood & Sons

North America Wood Pellet Report Scope

Report Attribute	Details
Market size in 2021	US$ 809.22 Million
Market Size by 2028	US$ 1,839.74 Million
Global CAGR (2021 - 2028)	12.4%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Application Residential Heating Commercial Heating CHP Power Generation
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	ANDRITZ Energex Pellet Fuel, Inc. Enviva Lp Graanul Invest New England Wood Pellet Pacific Bioenergy Pinnacle Renewable Energy Inc Premium Pellet Ltd TANAC

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the North America Wood Pellet Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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