Top Wood Pellets Companies

Wood Pellets Market size was valued at USD 14.64 Billion in 2024 and is poised to grow from USD 16.07 Billion in 2025 to USD 33.96 Billion by 2033, growing at a CAGR of 9.8% during the forecast period (2026–2033).

In order to maintain competition, maximize profitability, and gain a firm footing in the Wood Pellets Market, the top players in the global wood pellet business have been regularly merging and acquiring smaller companies. the major participants in the world wood pellets industry. Through the creation of a bigger brand portfolio and high-quality packaging for brand identification, the wood pellets industry participants have amassed a sizable consumer base. 'Enviva Partners, LP (United States)', 'Drax Group (United Kingdom) ', 'Pinnacle Renewable Energy Group (Canada) ', 'German Pellets GmbH (Germany) ', 'AS Graanul Invest (Estonia) ', 'Fram Renewable Fuels, LLC (United States) ', 'Lignetics, Inc. (United States) ', 'Pacific BioEnergy Corporation (Canada) ', 'Viridis Energy Inc. (Canada) ', 'Zilkha Biomass Energy (United States) ', 'Land Energy Girvan Limited (United Kingdom) ', 'Energex Corporation (United States) ', 'Wood & Sons (United States) ', 'Rentech, Inc. (United States) ', 'Drax Biomass Inc. (United States) ', 'Piveteau Bois (France) ', 'Stora Enso (Finland) ', 'Vyborgskaya Cellulose (Russia) ', 'Green Circle Bio Energy Inc. (United States) ', 'BlueFire Renewables (United States)'

Wood pellets are considered a carbon-neutral fuel source because the carbon dioxide emitted during combustion is offset by the carbon dioxide absorbed by trees during their growth. This attribute aligns with the goal of achieving carbon neutrality and reducing carbon footprints in various industries. The sustainability of wood pellets, when produced from responsibly managed forests, is a key driver for their adoption as a renewable energy source.

Growing Biomass Co-firing and CHP Plants: Biomass co-firing, where wood pellets are used alongside coal in power plants, and combined heat and power (CHP) plants are gaining popularity worldwide. Co-firing wood pellets with coal reduces carbon emissions and improves the overall environmental performance of power generation. CHP plants utilize wood pellets for combined heat and electricity generation, increasing energy efficiency and reducing reliance on conventional energy sources.

Due to the rising demand for housing in the United States, North America generated USD 0.19 billion in revenue in 2022. The regional price competitiveness with propane and domestic heating oil, together with the growing replacement of traditional burners for improved automatic feed-in & comfort, are the primary variables affecting the North American market for wood pellets.