Wood Bio-Products Market Size – By Product Type (Wood Pellets, Wood Chips, Sawdust, Wood Panels and Boards, Wood Fiber Composites and Others), By Source (Industrial Residues, Forestry Residues, Urban Wood Residues and Dedicated Energy Crops), By Distribution Channel (Online and Offline) By End-use Industry (Energy & Power, Construction, Manufacturing, Consumer Goods, Agriculture, Pulp & Paper, Packaging and Others) & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-18
- NO OF PAGES
- 285
- CATEGORY
- Chemicals & Materials
Market Overview
The Wood Bio-Products market report is predicted to develop at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2034, when global Wood Bio-Products market forecast size is projected to reach USD 506.36 Billion in 2034, based on an average growth pattern. The global Wood Bio-Products market revenue is estimated to reach a value of USD 265.85 Billion in 2024.
SOURCE: We Market Research
The global wood
bio-products market encompasses a range of renewable and sustainable products
derived from wood and biomass, including wood-based chemicals, biofuels,
composite materials, bioplastics, and other eco-friendly alternatives. As
environmental concerns and sustainability goals have gained traction, wood
bio-products have become increasingly important across multiple industries,
including construction, energy, and consumer goods. The market emphasizes
environmentally friendly alternatives to traditional fossil-based products and
is driven by innovations in biotechnology, demand for renewable materials, and
the growing global focus on sustainability and reducing carbon emissions.
Global Wood Bio-Products Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 265.85 Billion |
|
Market
Forecast in 2034 |
USD 506.36 Billion |
|
CAGR % 2024-2034 |
9.2% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Product
Type, By Source, By Distribution Channel, By End-use Industry and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Wood Bio-Products Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Wood Bio-Products market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Wood Bio-Products Market Segmentation
Market- By Product Type Analysis
By product type, the Wood Bio-Products market analysis is categories into Wood Pellets, Wood Chips, Sawdust, Wood Panels and Boards, Wood Fiber Composites and Others. Wood Pellets segment dominates the market with the largest share, accounting for around 40% of the market in 2023. The increasing use of wood pellets as a renewable energy source, especially for heating and electricity generation in Europe and North America, is a major driver. Regulations focused on reducing greenhouse gas emissions have further supported the adoption of wood pellets as a carbon-neutral energy alternative. Demand is primarily fueled by stringent environmental policies, including the EU's Renewable Energy Directive, which promotes sustainable biomass use. The Asia-Pacific region is also witnessing rising consumption due to growing biomass energy initiatives.
The
following segments are part of an in-depth analysis of the global Wood
Bio-Products market:
|
Market Segments |
|
|
By Product
Type |
·
Wood Pellets ·
Wood Chips ·
Sawdust ·
Wood Panels and Boards ·
Wood Fiber Composites ·
Others |
|
By Source |
·
Industrial Residues ·
Forestry Residues ·
Urban Wood Residues ·
Dedicated Energy Crops |
|
By Distribution
Channel |
·
Online ·
Offline |
|
By End-use
Industry |
·
Energy & Power ·
Construction ·
Manufacturing ·
Consumer Goods ·
Agriculture ·
Pulp & Paper ·
Packaging ·
Others |
Wood Bio-Products Industry: Regional Analysis
North America Market Forecast
North America holds a significant portion of the global wood bio-products market. The region's market is driven by strong demand for wood pellets for heating and power generation, especially in the U.S. and Canada. Moreover, the growing construction sector and demand for sustainable building materials contribute to market growth. The push for decarbonization and renewable energy adoption supports market demand. North America is also a major exporter of wood bio-products, particularly wood pellets, to Europe.
Europe Market Statistics
Europe
represents one of the largest markets for wood bio-products, with a market
share of around 40%. Stringent environmental regulations, such as the EU’s
Renewable Energy Directive and goals for carbon neutrality, are major growth
drivers. Wood bio-products, including pellets, wood panels, and composites, are
extensively used in the renewable energy sector, construction, and furniture
industries. The region is characterized by high demand for wood-based
bioenergy, particularly in countries such as Germany, Sweden, and the UK, where
biomass energy plays a key role in reducing carbon emissions.
Asia Pacific Market Forecasts
Rapid
urbanization, a booming construction sector, and increasing demand for
renewable energy sources drive demand. Countries like China, Japan, and South
Korea are major markets for wood pellets and wood panels due to strong
construction activity and efforts to reduce carbon emissions. In China, the
demand for engineered wood products and eco-friendly materials is rising, while
Japan is a key consumer of wood pellets for power generation under renewable
energy mandates.
Middle East & Africa Market Statistics
The market in
MEA region is primarily driven by demand for wood panels and boards in the
construction sector, as well as increasing interest in sustainable building
materials. Wood bio-products are used in infrastructure projects and for
decorative applications.
Latin America Market Statistics
The region
benefits from an abundance of forest resources, which supports the production
of wood bio-products. Brazil and Chile are major producers and exporters of
wood-based products. Growth in the construction sector, increasing demand for
bioenergy, and exports of wood chips and wood pellets are key market trends.
Key Market Players
The Global Wood Bio-Products Market is dominated by a
few large companies, such as
·
Enviva Partners LP
·
Drax Group Plc
·
Pinnacle Renewable Energy
·
Stora Enso Oyj
·
UPM-Kymmene Corporation
·
Rentech Inc.
·
Canfor Corporation
·
West Fraser Timber Co. Ltd.
·
Georgia-Pacific LLC
·
International Paper Company
·
Resolute Forest Products Inc.
·
Kraton Corporation
·
Sappi Limited
·
Holmen AB
·
Mercer International Inc.
·
Biofuel Energy Corporation
·
Others
1.
Global
Wood Bio-Products Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Wood Bio-Products Market
Scope and Market Estimation
1.2.1. Global Wood Bio-Products Overall
Market Size (US$ Bn) and Volume (Tons), Market CAGR (%), Market forecast (2024
- 2034)
1.2.2. Global Wood Bio-Products Market
Revenue Share (%) and Volume Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Product Type of Global Wood
Bio-Products Market
1.3.2. Source of Global Wood
Bio-Products Market
1.3.3. Distribution Channel of Global Wood
Bio-Products Market
1.3.4. End-Use Industry of Global Wood
Bio-Products Market
1.3.5. Region of Global Wood
Bio-Products Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Key Developments
2.7. Porter’s Five Forces Analysis
2.7.1. Bargaining Power of Suppliers
2.7.2. Bargaining Power of Buyers
2.7.3. Threat of Substitutes
2.7.4. Threat of New Entrants
2.7.5. Competitive Rivalry
2.8. PEST Analysis
2.8.1. Political Factors
2.8.2. Economic Factors
2.8.3. Social Factors
2.8.4. Technology Factors
2.9. Key Regulation
3.
Global Wood Bio-Products Market Estimates & Historical Trend Analysis (2019 - 2023)
4. Global
Wood Bio-Products Market Estimates &
Forecast Trend Analysis, by Product Type
4.1. Global Wood Bio-Products Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecast, by Product Type, 2019
- 2034
4.1.1. Wood Pellets
4.1.2. Wood Chips
4.1.3. Sawdust
4.1.4. Wood Panels and Boards
4.1.5. Wood Fiber Composites
4.1.6. Others
5. Global
Wood Bio-Products Market Estimates &
Forecast Trend Analysis, by Source
5.1. Global Wood Bio-Products Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Source, 2019 -
2034
5.1.1. Industrial Residues
5.1.2. Forestry Residues
5.1.3. Urban Wood Residues
5.1.4. Dedicated Energy Crops
6. Global
Wood Bio-Products Market Estimates &
Forecast Trend Analysis, by Distribution Channel
6.1. Global Wood Bio-Products Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Distribution
Channel, 2019 - 2034
6.1.1. Online
6.1.2. Offline
7. Global
Wood Bio-Products Market Estimates &
Forecast Trend Analysis, by End-Use Industry
7.1. Global Wood Bio-Products Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by End-Use Industry,
2019 - 2034
7.1.1. Energy & Power
7.1.2. Construction
7.1.3. Manufacturing
7.1.4. Consumer Goods
7.1.5. Agriculture
7.1.6. Pulp & Paper
7.1.7. Packaging
7.1.8. Others
8.
Global Wood Bio-Products Market Estimates & Forecast Trend Analysis,
by Region
8.1. Global Wood Bio-Products Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Region, 2019 -
2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America Wood Bio-Products Market: Estimates & Forecast Trend Analysis
9.1.
North
America Wood Bio-Products Market Assessments & Key Findings
9.1.1. North America Wood Bio-Products
Market Introduction
9.1.2. North America Wood Bio-Products
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
9.1.2.1. By Product Type
9.1.2.2. By Source
9.1.2.3. By Distribution
Channel
9.1.2.4. By End-Use Industry
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe Wood
Bio-Products Market: Estimates &
Forecast Trend Analysis
10.1. Western Europe Wood Bio-Products
Market Assessments & Key Findings
10.1.1. Western Europe Wood Bio-Products
Market Introduction
10.1.2. Western Europe Wood Bio-Products
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
10.1.2.1. By Product Type
10.1.2.2. By Source
10.1.2.3. By Distribution
Channel
10.1.2.4. By End-Use Industry
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe Wood
Bio-Products Market: Estimates &
Forecast Trend Analysis
11.1. Eastern Europe Wood Bio-Products
Market Assessments & Key Findings
11.1.1. Eastern Europe Wood Bio-Products
Market Introduction
11.1.2. Eastern Europe Wood Bio-Products
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
11.1.2.1. By Product Type
11.1.2.2. By Source
11.1.2.3. By Distribution
Channel
11.1.2.4. By End-Use Industry
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific Wood
Bio-Products Market: Estimates &
Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Wood Bio-Products
Market Introduction
12.1.2. Asia Pacific Wood Bio-Products
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
12.1.2.1. By Product Type
12.1.2.2. By Source
12.1.2.3. By Distribution
Channel
12.1.2.4. By End-Use Industry
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Wood
Bio-Products Market: Estimates &
Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Wood
Bio-Products Market Introduction
13.1.2. Middle
East & Africa Wood
Bio-Products Market Size & Volume Estimates and Forecast (US$ Billion &
Tons) (2019 - 2034)
13.1.2.1. By Product Type
13.1.2.2. By Source
13.1.2.3. By Distribution
Channel
13.1.2.4. By End-Use Industry
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
Wood Bio-Products Market: Estimates
& Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America Wood Bio-Products
Market Introduction
14.1.2. Latin America Wood Bio-Products
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
14.1.2.1. By Product Type
14.1.2.2. By Source
14.1.2.3. By Distribution
Channel
14.1.2.4. By End-Use Industry
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global Wood Bio-Products Market Product
Mapping
16.2. Global Wood Bio-Products Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
16.3. Global Wood Bio-Products Market Tier
Structure Analysis
16.4. Global Wood Bio-Products Market
Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1. Enviva
Partners LP
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
Similar details would be provided
for all the players mentioned below
17.2. Drax Group Plc
17.3. Pinnacle
Renewable Energy
17.4. Stora Enso Oyj
17.5. UPM-Kymmene
Corporation
17.6. Rentech Inc.
17.7. Canfor
Corporation
17.8. West Fraser
Timber Co. Ltd.
17.9. Georgia-Pacific
LLC
17.10. International
Paper Company
17.11. Resolute
Forest Products Inc.
17.12. Kraton
Corporation
17.13. Sappi Limited
17.14. Holmen AB
17.15. Mercer
International Inc.
17.16. Biofuel Energy
Corporation
17.17. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Wood Bio-Products Market in 2024?
Wood Bio-Products Market was valued at USD 265.85 Billion in 2024.
What is the growth rate for the Wood Bio-Products Market?
Wood Bio-Products Market size will increase at approximate CAGR of 9.2% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Enviva Partners LP, Drax Group Plc, Pinnacle Renewable Energy, Stora Enso Oyj, UPM-Kymmene Corporation, Rentech Inc., Canfor Corporation, West Fraser Timber Co. Ltd., Georgia-Pacific LLC and others.
Which region dominates the Wood Bio-Products Market?
Europe dominates the market with an active share of 40%.
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