Top Industrial Wood Pellet Companies

Industrial Wood Pellet Market size was valued at USD 15.26 Billion in 2024 and is poised to grow from USD 16.98 Billion in 2025 to USD 40 Billion by 2033, growing at a CAGR of 11.3% during the forecast period (2026–2033).

Global industrial wood pellet market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Enviva Partners, LP (USA)', 'Drax Group (UK) ', 'Pinnacle Renewable Energy Group (Canada) ', 'German Pellets GmbH (Germany) ', 'Fram Renewable Fuels, LLC (USA) ', 'Pacific BioEnergy Corporation (Canada) ', 'Energex (Canada) ', 'Graanul Invest Group (Estonia) ', 'Zilkha Biomass Energy (USA) ', 'Land Energy Girvan Limited (UK) ', 'Pfeifer Group (Austria) ', 'AS Graanul Invest (Estonia) ', 'Vyborgskaya Cellulose (Russia) ', 'Suzano S.A. (Brazil)'

Increasing popularity of wood pellets in end-use industries in terms of increasing prices of primary fuel is the growth factor of industrial wood pellets. Furthermore, the cheap production cost and the ease of availability of pellet fuel feedstock, increases the consumption of the product in the industrial sector.

Increasing demand for electricity is on the rise due to the major factors such as growing population, increasing changes in living standards, prospering industrial sector, and infrastructure development, and development of countries. This demand increases power generation capacity by installing new plants, and widening the existing plants capacity.

Europe is anticipated to capture the global industrial wood pellet market during the forecast period. Increasing consumption rate of pellet-based energy in the U.K. is propelling the wood pellets growth in the region. The high demand from large-scale power plants for wood pellets in the U.K., Belgium, and the Netherlands may boost the demand in the region as residential applications of pellets is insignificant.