Wood Chips Market Segmentation by Forest Type (Temperate, Tropical, and Boreal Forest); by Raw Material (Pulp Wood, and Residue Wood); by Product Type (Softwood, Hardwood, and Others); by Variety (Forest, Recycled, Wood-Residue); by Application (Pulp Manufacturing, Combined Heat & Power, Household Furnishing, Residential Heating, and Others); by End-Use Industry (Building & Construction, Energy & Power, Paper & Pulp, and Others)-Global Demand Analysis & Opportunity Outlook 2019-2028

  • Product Code:
    RP-ID-10352276
  • Published Date:
    27 Apr 2022
  • Region:
    Global
  • Pages:
    419
  • Category:
    Energy & Power
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Activating Probable Propositions Amidst COVID-19 Crisis

With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss. Know More

The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

Global Wood Chips Market Highlights Over 2019 - 2028

The global wood chips market is estimated to garner a revenue of USD 15500 Million by the end of 2028, by growing at a CAGR of 5.1% over the forecast period, i.e., 2021 – 2028. Moreover, in the year 2019, the market registered a revenue of USD 12000 Million. The growth of the market can primarily be attributed to the growing demand for energy worldwide, and therefore the need for different energy sources, such as wood chips. According to the statistics by the International Energy Agency (IEA), the total final consumption (TFC) of energy across industries, transport, and residential sectors increased from 100763501.0 TJ, 97400377.0 TJ, and 79732329.0 TJ respectively in the year 2009 to 120978863.0 TJ, 120972204.0 TJ, and 87779996.0 TJ respectively. Wood chips are widely used as a fuel source for wood fire cooking as well as for generating electricity. These chips are also used in industries for the production of energy as these chips possess the characteristics of being a uniform fuel and also can be fed directly to the boiler.

 

Global Wood Chips Market Graph

 

Besides this, the growing demand for wood pulp in the paper industry is also expected to contribute to the market growth. The wood chips are mostly derived from residual woods and hence, it helps in preventing the need to cut new trees for different end-use purposes. Additionally, the burnt wood chips, which transforms into biochar, are widely used as fertilizers in the agricultural industry. Moreover, in the recent years, wood pellets have been known to be one of the fastest growing bioenergy sectors around the globe. According to the statistics by the World Bioenergy Association (WBA), the production of wood pellets around the globe increased from 18.1 Million tonnes in the year 2012 to 38.9 Million tonnes in the year 2019. 

CLICK TO DOWNLOAD SAMPLE REPORT

Global Wood Chips Market Chart

Global Wood Chips Market Regional Synopsis

Regionally, the global wood chips market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is anticipated to garner the largest revenue of USD 5500 Million by the end of 2028, up from a revenue of USD 3900 Million in the year 2019. The growth of the market in the region can primarily be attributed to the growing demand for energy in the region, especially in the industrial sector, which according to the IEA, grew from 54010228.0 TJ in the year 2009 to 69684429.0 TJ in the year 2019. Additionally, the increasing availability of raw materials required for the production of wood chips, is also projected to drive the market growth in the coming years. Moreover, the market in the region is segmented by country into China, Vietnam, Japan, Thailand, Indonesia, Malaysia, Australia, and the Rest of Asia Pacific. Out of these, the market in China is projected to display the largest revenue of USD 3500 Million by the end of 2028, up from a revenue of USD 2300 Million in the year 2019. Moreover, the market in Thailand is projected to grow with the highest CAGR of 7% during the forecast period.

Growth Drivers and Challenges Impacting the Growth of the Global Wood Chips Market

Growth Drivers

  • Growing Need for Different Energy Generation Sources
  • Increasing Use of Wood Chips as Wood Pulp in the Pulp and Paper Industry

Challenges

  • Availability of Low-Cost Substitutes

Global Wood Chips Market Segmentation Synopsis

The global wood chips market is segmented by forest type into temperate forest, tropical forest, and boreal forest. Out of these, the temperate forest segment is anticipated to garner the largest revenue of USD 5800 Million by the end of 2028, up from a revenue of USD 4500 Million in the year 2019. By raw material, the market is segmented into pulp wood and residue wood. Out of these, the residue wood segment is projected to grow with the highest CAGR during the forecast period. By product type, the market is segmented into softwood, hardwood, and others. Out of these, the softwood segment is projected to display the largest revenue of USD 8600 Million by the end of 2028. Moreover, by variety, the market is segmented into forest chips, recycled chips, wood-residue chips, and sawing residue chips. Out of these, the forest chips segment is projected to garner the largest revenue of USD 5050 Million by the end of 2028, up from a revenue of USD 4000 Million in the year 2019. By application w.r.t. tree species, the pulp manufacturing segment is projected to display the largest revenue of USD 4100 Million by the end of 2028, and the Poplar species is projected to be used widely during the forecast period. The market is also segmented by end-use industry into building & construction, energy & power, paper & pulp, and others. Out of these, the paper & pulp segment is expected to attain the largest revenue of USD 4700 Million by the end of 2028, up from a revenue of USD 3500 Million in the year 2019.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global wood chips market that are included in our report are American Wood Resources, LLC, Cogent Forest Products Inc., Wood Chips Supply Ltd., Swiss Timber International, New Forests, Midway Limited, Mitsui & Co., Ltd., Marubeni Corporation, and others.

Latest Developments in the Global Wood Chips Market:

  • July 19th, 2021: New Forests announced that it has acquired from Fruit Growers Supply Company the Hilt-Siskiyou Forest, which is a mixed-conifer forest of 156000 acre along the California and Oregon border.

  • August 19th, 2021: Marubeni Corporation announced that Gifu Seino Green Power LLC, which is a joint venture company between Chubu Electric Power Co., Inc. and Marubeni, had started the construction on the 7.5MW wood-fired biomass Godo Biomass Power Plant which is scheduled for operations in March 2023. This power plant would be fueled mainly with unused thinned wood produced in Gifu Prefecture.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.

FREQUENTLY ASKED QUESTIONS

1.      Introduction

1.1.  Market Definition

1.2.Market Segmentation

1.3.Product Overview

2.    Assumptions and Acronyms

3.    Research Methodology

3.1.Research Process

3.2.                    Primary Research

3.3.                    Secondary Research

3.4.                    Market Size Estimation

4.    Analyst Review

5.     Executive Summary-Wood Chips Market

6.    Industry Value Chain analysis

7.     Analysis of Market Dynamics

7.1. Growth Drivers

7.2.                     Market Trends

8.    Major Roadblocks for the Market Growth

9.    Regulatory Landscape

10.            Trade Outlook, 2017-2019

10.1.                 Import Outlook

10.2.                Export Outlook

11.  Wood Chips Supplier Analysis

11.1.                   Company Profiles

11.1.1. American Wood Resources, LLC

11.1.2.                       Cogent Forest Products Inc.

11.1.3.                       Wood Chips Supply Ltd.

11.1.4.                       Swiss Timber International

11.1.5.                        New Forests

11.1.6.                       Midway Limited

11.1.7.                        Mitsui & Co., Ltd.

11.1.8.                       Marubeni Corporation

12.Wood Chips Market Outlook

12.1.                  Market Size and Forecast, 2019-2028F

12.1.1.                       By Value (USD Million), 2019-2028F

12.1.2.                      By Volume (USD Million), 2019-2028F

13.Wood Chips Market Segmentation Analysis 2019-2028F

13.1.                  By Forest Type

13.1.1.                       Temperate Forest

13.1.2.                      Tropical Forest

13.1.3.                      Boreal Forest

13.2.                By Raw Material

13.2.1.                      Pulp Wood

13.2.2.                    Residue Wood

13.3.                By Product Type

13.3.1.                      Softwood

13.3.2.                    Hardwood

13.3.3.                    Others

13.4.                By Variety

13.4.1.                      Forest Chips

13.4.2.                    Recycled Chips

13.4.3.                    Wood-Residue Chips

13.4.4.                    Sawing Residue Chips

13.5.                 By Application w.r.t. Tree Species

13.5.1.                      Pulp Manufacturing

13.5.1.1.    Eucalyptus

13.5.1.2.  Acacia

13.5.1.3.  Poplar

13.5.1.4.  Others

13.5.2.                     Combined Heat & Power

13.5.2.1.  Oak

13.5.2.2. Maple

13.5.2.3. Willow

13.5.2.4. Others

13.5.3.                     Household Furnishing

13.5.3.1.  Acacia

13.5.3.2. Teak

13.5.3.3. Mahogany

13.5.3.4. Others

13.5.4.                     Residential Heating

13.5.4.1.  Birch

13.5.4.2. Willow

13.5.4.3. Pine

13.5.4.4. Others

13.5.5.                     Others

13.6.                By End-Use Industry

13.6.1.                      Building & Construction

13.6.2.                    Energy & Power

13.6.3.                    Paper & Pulp

13.6.4.                    Others

14.Analysis of End-User w.r.t. Product Type

15. Forest Analysis, 2010-2028F

16.Private Forest Ownership Analysis

17. Wood Chips Market, By Region, 2019-2028F

17.1.                  North America

17.2.                 Europe

17.3.                 Asia Pacific

17.4.                 Latin America

17.5.                 Middle East & Africa

18.North America Wood Chips Market Outlook

18.1.                  Market Overview

18.2.                Market Size, By Value (USD Million)

18.3.                Market Size, By Volume (BDMT)

18.4.                Market Segmentation:

18.4.1.                      By Forest Type

18.4.1.1.   Temperate Forest

18.4.1.2.  Tropical Forest

18.4.1.3.  Boreal Forest

18.4.2.                    By Raw Material

18.4.2.1.  Pulp Wood

18.4.2.2.                        Residue Wood

18.4.3.                    By Product Type

18.4.3.1.  Softwood

18.4.3.2.                        Hardwood

18.4.3.3.                        Others

18.4.4.                    By Variety

18.4.4.1.  Forest Chips

18.4.4.2.                        Recycled Chips

18.4.4.3.                        Wood-Residue Chips

18.4.4.4.                        Sawing Residue Chips

18.4.5.                     By Application w.r.t. Tree Species

18.4.5.1.  Pulp Manufacturing

18.4.5.1.1.        Eucalyptus

18.4.5.1.2.      Acacia

18.4.5.1.3.      Poplar

18.4.5.1.4.      Others

18.4.5.2. Combined Heat & Power

18.4.5.2.1.      Oak

18.4.5.2.2.     Maple

18.4.5.2.3.     Willow

18.4.5.2.4.     Others

18.4.5.3. Household Furnishing

18.4.5.3.1.      Acacia

18.4.5.3.2.     Teak

18.4.5.3.3.     Mahogany

18.4.5.3.4.     Others

18.4.5.4. Residential Heating

18.4.5.4.1.      Birch

18.4.5.4.2.     Willow

18.4.5.4.3.     Pine

18.4.5.4.4.     Others

18.4.5.5. Others

18.4.6.                    By End-Use Industry

18.4.6.1.  Building & Construction

18.4.6.2.                        Energy & Power

18.4.6.3.                        Paper & Pulp

18.4.6.4.                        Others

18.4.7.                     By Country

18.4.7.1.  United States

18.4.7.2. Canada

19.Europe Wood Chips Market Outlook

19.1.                  Market Overview

19.2.                Market Size, By Value (USD Million)

19.3.                Market Size, By Volume (BDMT)

19.4.                Market Segmentation:

19.4.1.                      By Forest Type

19.4.2.                    By Raw Material

19.4.3.                    By Product Type

19.4.4.                    By Variety

19.4.5.                     By Application w.r.t. Tree Species

19.4.6.                    By End-Use Industry

19.4.7.                     By Country

19.4.7.1.  Sweden

19.4.7.2. Germany

19.4.7.3. Russia

19.4.7.4. Finland

19.4.7.5. Rest of Europe

20.          Asia Pacific Wood Chips Market Outlook

20.1.                Market Overview

20.2.              Market Size, By Value (USD Million)

20.3.              Market Size, By Volume (BDMT)

20.4.              Market Segmentation:

20.4.1.                    By Forest Type

20.4.2.                  By Raw Material

20.4.3.                  By Product Type

20.4.4.                  By Variety

20.4.5.                   By Application w.r.t. Tree Species

20.4.6.                  By End-Use Industry

20.4.7.                   By Country

20.4.7.1.                        China

20.4.7.2.                       Vietnam

20.4.7.3.                       Japan

20.4.7.4.                       Thailand

20.4.7.5.                       Indonesia

20.4.7.6.                       Malaysia

20.4.7.7.                       Australia

20.4.7.8.                       Rest of Asia Pacific

21.Latin America Wood Chips Market Outlook

21.1.                  Market Overview

21.2.                Market Size, By Value (USD Million)

21.3.                Market Size, By Volume (BDMT)

21.4.                Market Segmentation:

21.4.1.                      By Forest Type

21.4.2.                    By Raw Material

21.4.3.                    By Product Type

21.4.4.                    By Variety

21.4.5.                     By Application w.r.t. Tree Species

21.4.6.                    By End-Use Industry

21.4.7.                     By Country

21.4.7.1.  Chile

21.4.7.2. Brazil

21.4.7.3. Uruguay

21.4.7.4. Argentina

21.4.7.5. Mexico

21.4.7.6. Rest of Latin America

22.           Middle East & Africa Wood Chips Market Outlook

22.1.                Market Overview

22.2.               Market Size, By Value (USD Million)

22.3.               Market Size, By Volume (BDMT)

22.4.               Market Segmentation:

22.4.1.                    By Forest Type

22.4.2.                   By Raw Material

22.4.3.                   By Product Type

22.4.4.                   By Variety

22.4.5.                   By Application w.r.t. Tree Species

22.4.6.                   By End-Use Industry

22.4.7.                   By Country

22.4.7.1. South Africa

22.4.7.2.                       Turkey

22.4.7.3.                       Rest of Middle East & Africa

Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report
  1. American Wood Resources, LLC
  2. Cogent Forest Products Inc.
  3. Wood Chips Supply Ltd.
  4. Swiss Timber International
  5. New Forests
  6. Midway Limited
  7. Mitsui & Co., Ltd.
  8. Marubeni Corporatio
Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

Related Reports