Global Wood Chips Market, By Product Type (Softwood, Hardwood, and Manual), By Variety Type (Forest Chips, Recycled Chips, Wood Residue Chips, and Sawing Residue Chips), By Raw Material (Pulp Wood and Residue Wood), By Application (Combined Heat and Power (CHP), Household Furnishing, Residential Heating, and Others (Playground Surfacing, Barbecue, Mulch, Bio Reactors, and Fuel), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI35719 | Publish Date: March 2024 | No. of Pages: 180

Global Wood Chips Market By Overview

Introduction

Wood Chips Market was valued at US$ 9.8 Billion in 2024 and is projected to grow at a CAGR of 4.70% to reach US$ 15 Billion by 2034.

Wood chips are formed by cutting large pieces of wood into small to medium size of wood pieces such as trees, branches, roots, wood waste, and logging residues by using chip cutter machine. Wood chips are used as a raw material for production of wood pulp, biomass solid fuel, as organic mulch in gardening, restoration ecology, and landscaping, bioreactors for denitrification, and as a substrate for cultivation of mushroom.

Increasing use of wood chips as energy generation source and for heating purpose in residential sector drives growth of the global wood chips market. In addition, increasing adoption of woodchips as a biomass solid fuel and raw material for producing wood pulp in pulp industries is another factor that fuels growth of the target market. However, availability of wood pellets as a substitute product is restraining growth of the global wood chips market.

Wood chips market has been segmented on the basis of product type, variety type, raw material, application, and region. On the basis of product type, the target market is categorized into softwood, hardwood, and manual. On the basis of variety type, the wood chips market is bifurcated into forest chips, recycled chips, wood residue chips, and sawing residue chips. On the basis of raw material, the target market is classified into pulp wood and residue wood. On the basis of application, the global wood chips market is divided into combined heat and power (CHP), household furnishing, residential heating, and others. Others sub-segment is categorized into playground surfacing, barbecue, mulch, bio reactors, and fuel.

On the basis of region, the wood chips market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

The market in Asia Pacific is expected to account for major revenue share as compared to that of other regions. This can be attributed to rising adoption of wood chips for heating purpose in residential in the countries of the region. Also, the market in North America is expected to account for second-highest revenue share in the global market, followed by the market in Europe. Moreover, the market in Europe is projected to witness significant growth over the forecast period.

Key players operating in the global wood chips market includes Cogent Fibre Inc., EVOWORLD GmbH, Enviva Pellets, LLC, Denmark’s Ørsted, St. Boniface Ballet and Sojitz Corporation.

Global Wood Chips Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Purview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Product Type
    • Market Snippet, By Variety Type
    • Market Snippet, By Raw Material
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Wood Chips Market, By Product Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Softwood
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Hardwood
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Manual
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Wood Chips Market, By Variety Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Forest Chips
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Recycled Chips
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Wood Residue Chips
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Sawing Residue Chips
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Wood Chips Market, By Raw Material, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Pulp Wood
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Batch Pyrolysis
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Residue Wood
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Wood Chips Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Combined Heat and Power (CHP)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Household Furnishing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Residential Heating
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others (Playground Surfacing, Barbecue, Mulch, Bio Reactors, and Fuel)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Wood Chips Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Variety Type , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Raw Material , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Variety Type , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Raw Material , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Variety Type , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Raw Material , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Variety Type , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Raw Material , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Variety Type , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Raw Material , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Cogent Fibre Inc.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • EVOWORLD GmbH,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Enviva Pellets, LLC,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Denmark’s Orsted,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • St. Boniface Ballet
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sojitz Corporation.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The wood chips market report is segmented into product type, variety type, raw material, application, and region.

Factors driving market growth include the demand for wood chips in the pulp and paper industry, the increasing use of wood chips as a biomass fuel, and sustainable forestry practices

Global restraints may involve challenges related to transportation and logistics, fluctuations in raw material supply, and environmental concerns associated with deforestation.

The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the Wood Chips Market, exhibiting a significantly high revenue share over the forecast period.

Key players operating in the wood chips market includes Cogent Fibre Inc., EVOWORLD GmbH, Enviva Pellets, LLC, Denmark’s Ørsted, St. Boniface Ballet and Sojitz Corporation.