Wood Chips Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026


#6482

Transparency Market Research

$ 5795

Global Wood Chips Market: Overview

Wood chips are small-to-medium-sized pieces of wood, which are formed by cutting and chipping large pieces of wood such as trees, logging residues, branches, roots, stumps, and wood waste. The process of making wood chips is called wood chipping and is performed by using a wood chipper. Several types of wood chippers are available. Every chipper has a different use, depending on the type of processing of wood chips. Wood chips can also be produced from residual forest materials including tree branches, tree crowns, unsaleable materials, or undersized trees. Forestry activities provide raw materials required for wood chip production. Almost any tree can be converted into wood chips; however, the type and quality of wood used to produce wood chips depends largely on the end-user industry. 

Global Wood Chips Market: Drivers and Restraints

Factors such as advent of using renewable sources of energy such as biomass owing to depleting conventional sources of energy are propelling the wood chips market. Furthermore, increasing demand from the pulp industry, wherein wood chips are used as a raw material to produce pulp is also augmenting the wood chips market. When burned, wood chips produce biochar, which is known as charcoal. It can be either utilized as charcoal or returned to the soil, as wood ash can be used as a fertilizer for soil. This factor is expected to drive the wood chips market during the forecast period. Requirement for sustainability-related certifications and restrictions imposed on GHG emissions from wood chips when used for energy generation are likely to hinder the wood chips market during the forecast period.

In terms of variety, the wood chips market can be segmented into forest chips, recycled chips, wood residue chips, and sawing residue chips. Based on raw material used, the wood chips market can be divided into pulp wood, and residue wood. In terms of chipper used, the wood chips market can be classified into disk type, drum type, screw type, and others. Based on conveyance method, the wood chips market can be segmented into pneumatic, conveyor belt, batch system, and hopper with direct chute. In terms of application, the wood chips market has been divided into wood pulp, playground surfacing, barbe curing, mulch, bio reactors, fuel, and others.

Global Wood Chips Market: Regional Outlook

Geographically, the global wood chips market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Europe accounts for the largest share of the global market, owing to presence of wood-based industries in the region. Traditionally, wood chips have been used across Europe for power and heat generation in small-scale (20MW) plants, by using locally sourced wood. West Africa has been a source of wood chips for energy in Europe for several years, but in fairly small volumes. Asia Pacific follows Europe, owing to a high growth potential for the wood chips market in Japan and South Korea. This is attributable to Japan’s Feed-in-Tariff subsidy scheme and large pipeline of biomass projects.

Global Wood Chips Market: Key Players

Key players operating in the global wood chips market include Cogent Fibre, EVOWORLD GmbH, Enviva Pellets, LLC, and St. Boniface Ballet.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.