Global Wood Chips Market Overview

The Global Wood Chips Market size is expected to grow from USD 9.15 billion in 2023 to USD 9.87 billion by 2032, at a CAGR of 7.91% during the forecast period (2024-2032).

Small to medium-sized pieces of wood, such as branches, trees, stumps, and debris from forestry operations are turned into woodchips by cutting or chipping bigger pieces of wood. Woodchips are the raw material for making wood pulp and can be used as a biomass solid fuel. They can be utilized as a substrate for the growth of mushrooms as well as an organic mulch for landscaping, gardening, and ecosystem restoration. Using a wood chipper, the process of creating woodchips is known as wood chipping. The kind of wood chipper utilized and the substance used to make the chips determine what kind of woodchips are produced after chipping. Forest chips are made from forested areas, while wood residue chips are made from off-cuts, recycled wood, and untreated wood residues. Sawing residue chips are made from sawmill leftovers. Short rotation forestry chips are another type of woodchip (from energy crops).

Additionally, woodchips can be made from pulpwood, waste wood, and leftover wood from logging, sawmills, agricultural, landscaping, and landscaping. Additionally, forestry debris such as tree crowns, limbs, unsalable parts, or undersized trees can be used to make woodchips. The stability and long-term growth of the forests from which wood chips are taken may be harmed by their increased use, even though they have some advantages. Additionally, wood pellets have been identified as one of the bioenergy areas with the highest global growth in recent years. As a result, the rising demand for wood chips accelerates the growth of the market over the forecast period.

Market Dynamics And Factors For Wood Chips Market

Drivers:

Growing Demand for Wood Chips

  • The most important factor driving demand for wood chips is an increase in demand from the pulp industry. Wood chips are used to manufacture pulp, which is subsequently burned to produce biochar, also known as charcoal. Furthermore, the rising need for renewable energy generation leads to market expansion. As conventional energy sources deplete, the rising usage of renewable energy sources such as biomass is boosting the wood chips industry. Increased demand for wood chips in the pulp industry, where wood chips are used as a raw material to make pulp, is also driving the growth of the wood chips market. When wood chips are burned, biochar, also known as charcoal, is produced. It can be burned as charcoal or used as fertilizer in the soil. During the projected period, this is also expected to drive the wood chips market. The rising demand for thermal energy generation utilizing renewable and green feedstock materials is expected to help the market. The greater energy coefficient of wood chips is predicted to keep demand high during the projection period. During the forecast period, the wood chips market is likely to be stymied by requirements for sustainability-related certifications and restrictions on GHG emissions from wood chips used for energy generation.

Restraints:

Downsides of Using Wood Chips and The Availability of Alternatives

  • Market growth is hampered by price volatility brought on by shifting raw material costs, climatic variations, and strict regulatory standards governing the growing of wood. The market growth rate for wood chips will face difficulties as a result of these reasons. However, it is anticipated that the usage of wood pellets as a substitute for wood chips and their rising penetration into the residential and commercial sectors for power production will hinder the growth of the wood chip market.

Opportunity:

Wood Chip Feeding Technology of the Future for Small-scale Biomass Boilers

  • Wood chip boilers are one of the key technologies, although there are already 0.7 million small-scale biomass boilers sold in Europe each year. By 2020, it is anticipated that number would climb to 1.6 million. The fuel feeding methods used with these wood chip boilers continue to be a significant weak point. They cause 80 to 90 percent of unforeseen plant shutdowns, more emissions, and lower efficiency. Additionally, discharge from the bottom predominates in currently used feeding systems, which has the drawbacks of requiring large constructions, wearing down equipment more quickly, complicating maintenance, and having high operating expenses. Creating a novel wood chip feeding method for small-scale heating plants was the objective of BioChipFeeding. A gripper that enables feeding from above the pile of stored fuel is a key part of the system. It will be fitted with sensors to check the gasoline's moisture content and particle size, allowing it to produce the right fuel blends and maintain fairly consistent fuel quality. In addition, a brand-new fuel feeding screw that can continuously convey wood chips into the furnace regardless of shape or size will be created. Due to a more consistent and equal fuel supply, the performance of the boiler will be substantially improved with this innovative technology. It should be particularly appealing to customers due to lower operation and maintenance expenses, which will greatly expand its possibilities for use.

Segmentation Analysis Of Wood Chips Market

  • By Product Type, the softwood segment is anticipated to dominate the wood chips market over the forecast period. The segment is anticipated to grow throughout the predicted period because of increased demand for items like garden pulp and other uses like playground surfaces. Throughout the projection period, demand is anticipated to increase due to the high carbon content of hardwood goods.
  • By Raw materials, forest chips are expected to hold the maximum market share over the forecast period. Log chips made from stem wood make up forest chips. Chips are made entirely from the biomass found above ground in a tree. chipping up leftover wood from branches, rubbish, etc. A significant number of needles, bark, and branches are present in wood chips manufactured from forest leftover wood (in this case, spruce). Due to the vast array of potential raw materials and processing techniques, the quality of forest woodchips as a fuel varies greatly.
  • By Application, the combined Heat and Power segment is expected to grow at a faster pace during the forecast period. During the projected period, demand for the product as a fuel in combined heat and power applications is anticipated to soar. One of the product's most popular uses is residential heating, but because pellets are so widely used for interior heating, residential heating's growth is expected to be limited. Wood chips are anticipated to grow in popularity as garden mulch due to their remarkable water-absorbing qualities and low product prices.

Regional Analysis Of Wood Chips Market

  • Asia Pacific economies, notably China and Japan, are experiencing an increase in demand for these chips in the commercial energy generation sector, which is boosting the regional market. The inclusion of precondition constraints in the Renewable Energy Directive 2 (RED 2) and the existence of GHG emission criteria in developing nations together are likely to promote market expansion. Additionally, Japan's Feed-In Tariff program, which offers incentives for the use of biomass, is assisting the industry's expansion in APAC. In addition, the countries in the region are increasingly using wood chips for household heating.  The Feed-in-Tariff subsidy program is helping Japan create a sizable pipeline of biomass projects. Japan, which exports a significant amount of wood chips for pulp and paper, is anticipated to increase the number of wood chips it uses for domestic energy production.
  • Europe is expected to hold a significant market share of the global wood chips market, closely followed by South and North America. Historically, small-scale (20MW) facilities in Europe have generated heat and electricity using wood chips. For this purpose, local wood is typically used. For many years, West Africa has provided wood chips for energy, albeit in relatively tiny quantities. In Europe, the majority of the time, wood that has been grown locally is used to generate heat.
  • South American eucalyptus plantations are a key source of supplies for pulpmills in China and Japan. However, due to the increased availability of plantation fiber in Southeast Asia (mostly from Vietnam) and the rising demand for fiber from local pulpmills in Latin America, the share of Latin America in overall Asian import volumes has decreased over the previous five years. As a result, since 2018, when a record high of 4.6 million odmt was established, total export volumes from the continent have continuously decreased. Chile has been Latin America's largest exporter for the past ten years. However, in 2021, the nation's shipments decreased as Brazil and Uruguay expanded their proportions of the continent's supply of wood chips for export.
  • Due to customers' growing reliance on conventional energy sources, demand for the product is expected to remain moderate across the Middle East. In addition, it is anticipated that a lack of home heating use of the product in the Middle East will restrain market expansion in the area.

Top Key Players Covered In Wood Chips Market

  • St. Boniface Pallet
  • American Wood Resources
  • Axpo Group
  • Great Northern Timber
  • EVOWORLD GmbH
  • Mitsui & Co., Ltd.
  • Cogent Fibre
  • Enviva Pellets
  • Oji Holdings
  • Orsted A/S
  • Sojitz Corporation
  • Verdo A/S and other major players.

Key Industry Development In The Wood Chips Market

  • In March 2024, Orsted announced its plan to expand its biomass power generation capacity across Europe, driving up the demand for wood chips as a fuel source.
  • In March 2024, Great Northern Timber announced its collaboration with a local conservation group to plant new trees in areas previously cut for wood chips. This project is estimated to demonstrate the company's commitment to sustainable forestry methods.

Global Wood Chips Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 9.15 Bn.

Forecast Period 2024-32 CAGR:

7.91%

Market Size in 2032:

USD 9.87 Bn.

Segments Covered:

By Product Type

  • Softwood
  • Hardwood
  • Others

By Raw Material

  • Forest Chips
  • Wood Residue Chips
  • Sawing Residue Chips
  • Short Rotation Coppice Chips

By Application

  • Combined Heat and Power
  • Residential and Commercial Heating
  • Playground Surfacing
  • Pulp Manufacturing
  • Mulch
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Wood Chips

Key Market Restraints:

  • Downsides of Using Wood Chips and The Availability of Alternatives

Key Opportunities:

  • Wood Chip Feeding Technology of the Future for Small-scale Biomass Boilers

Companies Covered in the report:

  • St. Boniface Pallet, American Wood Resources, Axpo Group, Great Northern Timber, EVOWORLD GmbH, Boniface Pallet Company Ltd, Other major players.

Chapter 1: Introduction
ā€ƒ1.1 Research Objectives
ā€ƒ1.2 Research Methodology
ā€ƒ1.3 Research Process
ā€ƒ1.4 Scope and Coverage
ā€ƒā€ƒ1.4.1 Market Definition
ā€ƒā€ƒ1.4.2 Key Questions Answered
ā€ƒ1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
ā€ƒ3.1 By Product Type
ā€ƒ3.2 By Raw Material
ā€ƒ3.3 By Application

Chapter 4: Market Landscape
ā€ƒ4.1 Porter's Five Forces Analysis
ā€ƒā€ƒ4.1.1 Bargaining Power of Supplier
ā€ƒā€ƒ4.1.2 Threat of New Entrants
ā€ƒā€ƒ4.1.3 Threat of Substitutes
ā€ƒā€ƒ4.1.4 Competitive Rivalry
ā€ƒā€ƒ4.1.5 Bargaining Power Among Buyers
ā€ƒ4.2 Industry Value Chain Analysis
ā€ƒ4.3 Market Dynamics
ā€ƒā€ƒ4.3.1 Drivers
ā€ƒā€ƒ4.3.2 Restraints
ā€ƒā€ƒ4.3.3 Opportunities
ā€ƒā€ƒ4.5.4 Challenges
ā€ƒ4.4 Pestle Analysis
ā€ƒ4.5 Technological Roadmap
ā€ƒ4.6 Regulatory Landscape
ā€ƒ4.7 SWOT Analysis
ā€ƒ4.8 Price Trend Analysis
ā€ƒ4.9 Patent Analysis
ā€ƒ4.10 Analysis of the Impact of Covid-19
ā€ƒā€ƒ4.10.1 Impact on the Overall Market
ā€ƒā€ƒ4.10.2 Impact on the Supply Chain
ā€ƒā€ƒ4.10.3 Impact on the Key Manufacturers
ā€ƒā€ƒ4.10.4 Impact on the Pricing

Chapter 5: Wood Chips Market by Product Type
ā€ƒ5.1 Wood Chips Market Overview Snapshot and Growth Engine
ā€ƒ5.2 Wood Chips Market Overview
ā€ƒ5.3 Softwood
ā€ƒā€ƒ5.3.1 Introduction and Market Overview
ā€ƒā€ƒ5.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.3.4 Softwood: Grographic Segmentation
ā€ƒ5.4 Hardwood
ā€ƒā€ƒ5.4.1 Introduction and Market Overview
ā€ƒā€ƒ5.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.4.4 Hardwood: Grographic Segmentation
ā€ƒ5.5 Others
ā€ƒā€ƒ5.5.1 Introduction and Market Overview
ā€ƒā€ƒ5.5.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.5.4 Others: Grographic Segmentation

Chapter 6: Wood Chips Market by Raw Material
ā€ƒ6.1 Wood Chips Market Overview Snapshot and Growth Engine
ā€ƒ6.2 Wood Chips Market Overview
ā€ƒ6.3 Forest Chips
ā€ƒā€ƒ6.3.1 Introduction and Market Overview
ā€ƒā€ƒ6.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.3.4 Forest Chips: Grographic Segmentation
ā€ƒ6.4 Wood Residue Chips
ā€ƒā€ƒ6.4.1 Introduction and Market Overview
ā€ƒā€ƒ6.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.4.4 Wood Residue Chips: Grographic Segmentation
ā€ƒ6.5 Sawing Residue Chips
ā€ƒā€ƒ6.5.1 Introduction and Market Overview
ā€ƒā€ƒ6.5.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.5.4 Sawing Residue Chips: Grographic Segmentation
ā€ƒ6.6 Short Rotation Coppice Chips
ā€ƒā€ƒ6.6.1 Introduction and Market Overview
ā€ƒā€ƒ6.6.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.6.4 Short Rotation Coppice Chips: Grographic Segmentation

Chapter 7: Wood Chips Market by Application
ā€ƒ7.1 Wood Chips Market Overview Snapshot and Growth Engine
ā€ƒ7.2 Wood Chips Market Overview
ā€ƒ7.3 Combined Heat and Power
ā€ƒā€ƒ7.3.1 Introduction and Market Overview
ā€ƒā€ƒ7.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.3.4 Combined Heat and Power: Grographic Segmentation
ā€ƒ7.4 Residential and Commercial Heating
ā€ƒā€ƒ7.4.1 Introduction and Market Overview
ā€ƒā€ƒ7.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.4.4 Residential and Commercial Heating: Grographic Segmentation
ā€ƒ7.5 Playground Surfacing
ā€ƒā€ƒ7.5.1 Introduction and Market Overview
ā€ƒā€ƒ7.5.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.5.4 Playground Surfacing: Grographic Segmentation
ā€ƒ7.6 Pulp Manufacturing
ā€ƒā€ƒ7.6.1 Introduction and Market Overview
ā€ƒā€ƒ7.6.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.6.4 Pulp Manufacturing: Grographic Segmentation
ā€ƒ7.7 Mulch
ā€ƒā€ƒ7.7.1 Introduction and Market Overview
ā€ƒā€ƒ7.7.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.7.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.7.4 Mulch: Grographic Segmentation
ā€ƒ7.8 Others
ā€ƒā€ƒ7.8.1 Introduction and Market Overview
ā€ƒā€ƒ7.8.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.8.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.8.4 Others: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
ā€ƒ8.1 Competitive Landscape
ā€ƒā€ƒ8.1.1 Competitive Positioning
ā€ƒā€ƒ8.1.2 Wood Chips Sales and Market Share By Players
ā€ƒā€ƒ8.1.3 Industry BCG Matrix
ā€ƒā€ƒ8.1.4 Ansoff Matrix
ā€ƒā€ƒ8.1.5 Wood Chips Industry Concentration Ratio (CR5 and HHI)
ā€ƒā€ƒ8.1.6 Top 5 Wood Chips Players Market Share
ā€ƒā€ƒ8.1.7 Mergers and Acquisitions
ā€ƒā€ƒ8.1.8 Business Strategies By Top Players
ā€ƒ8.2 ST. BONIFACE PALLET
ā€ƒā€ƒ8.2.1 Company Overview
ā€ƒā€ƒ8.2.2 Key Executives
ā€ƒā€ƒ8.2.3 Company Snapshot
ā€ƒā€ƒ8.2.4 Operating Business Segments
ā€ƒā€ƒ8.2.5 Product Portfolio
ā€ƒā€ƒ8.2.6 Business Performance
ā€ƒā€ƒ8.2.7 Key Strategic Moves and Recent Developments
ā€ƒā€ƒ8.2.8 SWOT Analysis
ā€ƒ8.3 AMERICAN WOOD RESOURCES
ā€ƒ8.4 AXPO GROUP
ā€ƒ8.5 GREAT NORTHERN TIMBER
ā€ƒ8.6 EVOWORLD GMBH
ā€ƒ8.7 BONIFACE PALLET COMPANY LTD
ā€ƒ8.8 MITSUI & CO. LTD.
ā€ƒ8.9 COGENT FIBRE
ā€ƒ8.10 ENVIVA PELLETS
ā€ƒ8.11 OJI HOLDINGS
ā€ƒ8.12 ORSTED A/S
ā€ƒ8.13 SOJITZ CORPORATION
ā€ƒ8.14 VERDO A/S
ā€ƒ8.15 OTHER MAJOR PLAYERS

Chapter 9: Global Wood Chips Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ9.1 Market Overview
ā€ƒ9.2 Historic and Forecasted Market Size By Product Type
ā€ƒā€ƒ9.2.1 Softwood
ā€ƒā€ƒ9.2.2 Hardwood
ā€ƒā€ƒ9.2.3 Others
ā€ƒ9.3 Historic and Forecasted Market Size By Raw Material
ā€ƒā€ƒ9.3.1 Forest Chips
ā€ƒā€ƒ9.3.2 Wood Residue Chips
ā€ƒā€ƒ9.3.3 Sawing Residue Chips
ā€ƒā€ƒ9.3.4 Short Rotation Coppice Chips
ā€ƒ9.4 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ9.4.1 Combined Heat and Power
ā€ƒā€ƒ9.4.2 Residential and Commercial Heating
ā€ƒā€ƒ9.4.3 Playground Surfacing
ā€ƒā€ƒ9.4.4 Pulp Manufacturing
ā€ƒā€ƒ9.4.5 Mulch
ā€ƒā€ƒ9.4.6 Others

Chapter 10: North America Wood Chips Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ10.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.2 Impact of Covid-19
ā€ƒ10.3 Key Players
ā€ƒ10.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.4 Historic and Forecasted Market Size By Product Type
ā€ƒā€ƒ10.4.1 Softwood
ā€ƒā€ƒ10.4.2 Hardwood
ā€ƒā€ƒ10.4.3 Others
ā€ƒ10.5 Historic and Forecasted Market Size By Raw Material
ā€ƒā€ƒ10.5.1 Forest Chips
ā€ƒā€ƒ10.5.2 Wood Residue Chips
ā€ƒā€ƒ10.5.3 Sawing Residue Chips
ā€ƒā€ƒ10.5.4 Short Rotation Coppice Chips
ā€ƒ10.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ10.6.1 Combined Heat and Power
ā€ƒā€ƒ10.6.2 Residential and Commercial Heating
ā€ƒā€ƒ10.6.3 Playground Surfacing
ā€ƒā€ƒ10.6.4 Pulp Manufacturing
ā€ƒā€ƒ10.6.5 Mulch
ā€ƒā€ƒ10.6.6 Others
ā€ƒ10.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ10.7.1 U.S.
ā€ƒā€ƒ10.7.2 Canada
ā€ƒā€ƒ10.7.3 Mexico

Chapter 11: Europe Wood Chips Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ11.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.2 Impact of Covid-19
ā€ƒ11.3 Key Players
ā€ƒ11.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.4 Historic and Forecasted Market Size By Product Type
ā€ƒā€ƒ11.4.1 Softwood
ā€ƒā€ƒ11.4.2 Hardwood
ā€ƒā€ƒ11.4.3 Others
ā€ƒ11.5 Historic and Forecasted Market Size By Raw Material
ā€ƒā€ƒ11.5.1 Forest Chips
ā€ƒā€ƒ11.5.2 Wood Residue Chips
ā€ƒā€ƒ11.5.3 Sawing Residue Chips
ā€ƒā€ƒ11.5.4 Short Rotation Coppice Chips
ā€ƒ11.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ11.6.1 Combined Heat and Power
ā€ƒā€ƒ11.6.2 Residential and Commercial Heating
ā€ƒā€ƒ11.6.3 Playground Surfacing
ā€ƒā€ƒ11.6.4 Pulp Manufacturing
ā€ƒā€ƒ11.6.5 Mulch
ā€ƒā€ƒ11.6.6 Others
ā€ƒ11.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ11.7.1 Germany
ā€ƒā€ƒ11.7.2 U.K.
ā€ƒā€ƒ11.7.3 France
ā€ƒā€ƒ11.7.4 Italy
ā€ƒā€ƒ11.7.5 Russia
ā€ƒā€ƒ11.7.6 Spain
ā€ƒā€ƒ11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Wood Chips Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ12.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.2 Impact of Covid-19
ā€ƒ12.3 Key Players
ā€ƒ12.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.4 Historic and Forecasted Market Size By Product Type
ā€ƒā€ƒ12.4.1 Softwood
ā€ƒā€ƒ12.4.2 Hardwood
ā€ƒā€ƒ12.4.3 Others
ā€ƒ12.5 Historic and Forecasted Market Size By Raw Material
ā€ƒā€ƒ12.5.1 Forest Chips
ā€ƒā€ƒ12.5.2 Wood Residue Chips
ā€ƒā€ƒ12.5.3 Sawing Residue Chips
ā€ƒā€ƒ12.5.4 Short Rotation Coppice Chips
ā€ƒ12.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ12.6.1 Combined Heat and Power
ā€ƒā€ƒ12.6.2 Residential and Commercial Heating
ā€ƒā€ƒ12.6.3 Playground Surfacing
ā€ƒā€ƒ12.6.4 Pulp Manufacturing
ā€ƒā€ƒ12.6.5 Mulch
ā€ƒā€ƒ12.6.6 Others
ā€ƒ12.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ12.7.1 China
ā€ƒā€ƒ12.7.2 India
ā€ƒā€ƒ12.7.3 Japan
ā€ƒā€ƒ12.7.4 Singapore
ā€ƒā€ƒ12.7.5 Australia
ā€ƒā€ƒ12.7.6 New Zealand
ā€ƒā€ƒ12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Wood Chips Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ13.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.2 Impact of Covid-19
ā€ƒ13.3 Key Players
ā€ƒ13.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.4 Historic and Forecasted Market Size By Product Type
ā€ƒā€ƒ13.4.1 Softwood
ā€ƒā€ƒ13.4.2 Hardwood
ā€ƒā€ƒ13.4.3 Others
ā€ƒ13.5 Historic and Forecasted Market Size By Raw Material
ā€ƒā€ƒ13.5.1 Forest Chips
ā€ƒā€ƒ13.5.2 Wood Residue Chips
ā€ƒā€ƒ13.5.3 Sawing Residue Chips
ā€ƒā€ƒ13.5.4 Short Rotation Coppice Chips
ā€ƒ13.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ13.6.1 Combined Heat and Power
ā€ƒā€ƒ13.6.2 Residential and Commercial Heating
ā€ƒā€ƒ13.6.3 Playground Surfacing
ā€ƒā€ƒ13.6.4 Pulp Manufacturing
ā€ƒā€ƒ13.6.5 Mulch
ā€ƒā€ƒ13.6.6 Others
ā€ƒ13.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ13.7.1 Turkey
ā€ƒā€ƒ13.7.2 Saudi Arabia
ā€ƒā€ƒ13.7.3 Iran
ā€ƒā€ƒ13.7.4 UAE
ā€ƒā€ƒ13.7.5 Africa
ā€ƒā€ƒ13.7.6 Rest of MEA

Chapter 14: South America Wood Chips Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ14.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.2 Impact of Covid-19
ā€ƒ14.3 Key Players
ā€ƒ14.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.4 Historic and Forecasted Market Size By Product Type
ā€ƒā€ƒ14.4.1 Softwood
ā€ƒā€ƒ14.4.2 Hardwood
ā€ƒā€ƒ14.4.3 Others
ā€ƒ14.5 Historic and Forecasted Market Size By Raw Material
ā€ƒā€ƒ14.5.1 Forest Chips
ā€ƒā€ƒ14.5.2 Wood Residue Chips
ā€ƒā€ƒ14.5.3 Sawing Residue Chips
ā€ƒā€ƒ14.5.4 Short Rotation Coppice Chips
ā€ƒ14.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ14.6.1 Combined Heat and Power
ā€ƒā€ƒ14.6.2 Residential and Commercial Heating
ā€ƒā€ƒ14.6.3 Playground Surfacing
ā€ƒā€ƒ14.6.4 Pulp Manufacturing
ā€ƒā€ƒ14.6.5 Mulch
ā€ƒā€ƒ14.6.6 Others
ā€ƒ14.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ14.7.1 Brazil
ā€ƒā€ƒ14.7.2 Argentina
ā€ƒā€ƒ14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Wood Chips Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 9.15 Bn.

Forecast Period 2024-32 CAGR:

7.91%

Market Size in 2032:

USD 9.87 Bn.

Segments Covered:

By Product Type

  • Softwood
  • Hardwood
  • Others

By Raw Material

  • Forest Chips
  • Wood Residue Chips
  • Sawing Residue Chips
  • Short Rotation Coppice Chips

By Application

  • Combined Heat and Power
  • Residential and Commercial Heating
  • Playground Surfacing
  • Pulp Manufacturing
  • Mulch
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Demand for Wood Chips

Key Market Restraints:

  • Downsides of Using Wood Chips and The Availability of Alternatives

Key Opportunities:

  • Wood Chip Feeding Technology of the Future for Small-scale Biomass Boilers

Companies Covered in the report:

  • St. Boniface Pallet, American Wood Resources, Axpo Group, Great Northern Timber, EVOWORLD GmbH, Boniface Pallet Company Ltd, Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. WOOD CHIPS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. WOOD CHIPS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. WOOD CHIPS MARKET COMPETITIVE RIVALRY
TABLE 005. WOOD CHIPS MARKET THREAT OF NEW ENTRANTS
TABLE 006. WOOD CHIPS MARKET THREAT OF SUBSTITUTES
TABLE 007. WOOD CHIPS MARKET BY PRODUCT TYPE
TABLE 008. SOFTWOOD MARKET OVERVIEW (2016-2028)
TABLE 009. HARDWOOD MARKET OVERVIEW (2016-2028)
TABLE 010. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 011. WOOD CHIPS MARKET BY RAW MATERIAL
TABLE 012. FOREST CHIPS MARKET OVERVIEW (2016-2028)
TABLE 013. WOOD RESIDUE CHIPS MARKET OVERVIEW (2016-2028)
TABLE 014. SAWING RESIDUE CHIPS MARKET OVERVIEW (2016-2028)
TABLE 015. SHORT ROTATION COPPICE CHIPS MARKET OVERVIEW (2016-2028)
TABLE 016. WOOD CHIPS MARKET BY APPLICATION
TABLE 017. COMBINED HEAT AND POWER MARKET OVERVIEW (2016-2028)
TABLE 018. RESIDENTIAL AND COMMERCIAL HEATING MARKET OVERVIEW (2016-2028)
TABLE 019. PLAYGROUND SURFACING MARKET OVERVIEW (2016-2028)
TABLE 020. PULP MANUFACTURING MARKET OVERVIEW (2016-2028)
TABLE 021. MULCH MARKET OVERVIEW (2016-2028)
TABLE 022. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 023. NORTH AMERICA WOOD CHIPS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 024. NORTH AMERICA WOOD CHIPS MARKET, BY RAW MATERIAL (2016-2028)
TABLE 025. NORTH AMERICA WOOD CHIPS MARKET, BY APPLICATION (2016-2028)
TABLE 026. N WOOD CHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 027. EUROPE WOOD CHIPS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 028. EUROPE WOOD CHIPS MARKET, BY RAW MATERIAL (2016-2028)
TABLE 029. EUROPE WOOD CHIPS MARKET, BY APPLICATION (2016-2028)
TABLE 030. WOOD CHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 031. ASIA PACIFIC WOOD CHIPS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 032. ASIA PACIFIC WOOD CHIPS MARKET, BY RAW MATERIAL (2016-2028)
TABLE 033. ASIA PACIFIC WOOD CHIPS MARKET, BY APPLICATION (2016-2028)
TABLE 034. WOOD CHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 035. MIDDLE EAST & AFRICA WOOD CHIPS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 036. MIDDLE EAST & AFRICA WOOD CHIPS MARKET, BY RAW MATERIAL (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA WOOD CHIPS MARKET, BY APPLICATION (2016-2028)
TABLE 038. WOOD CHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 039. SOUTH AMERICA WOOD CHIPS MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 040. SOUTH AMERICA WOOD CHIPS MARKET, BY RAW MATERIAL (2016-2028)
TABLE 041. SOUTH AMERICA WOOD CHIPS MARKET, BY APPLICATION (2016-2028)
TABLE 042. WOOD CHIPS MARKET, BY COUNTRY (2016-2028)
TABLE 043. ST. BONIFACE PALLET: SNAPSHOT
TABLE 044. ST. BONIFACE PALLET: BUSINESS PERFORMANCE
TABLE 045. ST. BONIFACE PALLET: PRODUCT PORTFOLIO
TABLE 046. ST. BONIFACE PALLET: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. AMERICAN WOOD RESOURCES: SNAPSHOT
TABLE 047. AMERICAN WOOD RESOURCES: BUSINESS PERFORMANCE
TABLE 048. AMERICAN WOOD RESOURCES: PRODUCT PORTFOLIO
TABLE 049. AMERICAN WOOD RESOURCES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. AXPO GROUP: SNAPSHOT
TABLE 050. AXPO GROUP: BUSINESS PERFORMANCE
TABLE 051. AXPO GROUP: PRODUCT PORTFOLIO
TABLE 052. AXPO GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. GREAT NORTHERN TIMBER: SNAPSHOT
TABLE 053. GREAT NORTHERN TIMBER: BUSINESS PERFORMANCE
TABLE 054. GREAT NORTHERN TIMBER: PRODUCT PORTFOLIO
TABLE 055. GREAT NORTHERN TIMBER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. EVOWORLD GMBH: SNAPSHOT
TABLE 056. EVOWORLD GMBH: BUSINESS PERFORMANCE
TABLE 057. EVOWORLD GMBH: PRODUCT PORTFOLIO
TABLE 058. EVOWORLD GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. BONIFACE PALLET COMPANY LTD: SNAPSHOT
TABLE 059. BONIFACE PALLET COMPANY LTD: BUSINESS PERFORMANCE
TABLE 060. BONIFACE PALLET COMPANY LTD: PRODUCT PORTFOLIO
TABLE 061. BONIFACE PALLET COMPANY LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. MITSUI & CO. LTD.: SNAPSHOT
TABLE 062. MITSUI & CO. LTD.: BUSINESS PERFORMANCE
TABLE 063. MITSUI & CO. LTD.: PRODUCT PORTFOLIO
TABLE 064. MITSUI & CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. COGENT FIBRE: SNAPSHOT
TABLE 065. COGENT FIBRE: BUSINESS PERFORMANCE
TABLE 066. COGENT FIBRE: PRODUCT PORTFOLIO
TABLE 067. COGENT FIBRE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. ENVIVA PELLETS: SNAPSHOT
TABLE 068. ENVIVA PELLETS: BUSINESS PERFORMANCE
TABLE 069. ENVIVA PELLETS: PRODUCT PORTFOLIO
TABLE 070. ENVIVA PELLETS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. OJI HOLDINGS: SNAPSHOT
TABLE 071. OJI HOLDINGS: BUSINESS PERFORMANCE
TABLE 072. OJI HOLDINGS: PRODUCT PORTFOLIO
TABLE 073. OJI HOLDINGS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. ORSTED A/S: SNAPSHOT
TABLE 074. ORSTED A/S: BUSINESS PERFORMANCE
TABLE 075. ORSTED A/S: PRODUCT PORTFOLIO
TABLE 076. ORSTED A/S: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. SOJITZ CORPORATION: SNAPSHOT
TABLE 077. SOJITZ CORPORATION: BUSINESS PERFORMANCE
TABLE 078. SOJITZ CORPORATION: PRODUCT PORTFOLIO
TABLE 079. SOJITZ CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. VERDO A/S: SNAPSHOT
TABLE 080. VERDO A/S: BUSINESS PERFORMANCE
TABLE 081. VERDO A/S: PRODUCT PORTFOLIO
TABLE 082. VERDO A/S: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 083. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 084. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 085. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. WOOD CHIPS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. WOOD CHIPS MARKET OVERVIEW BY PRODUCT TYPE
FIGURE 012. SOFTWOOD MARKET OVERVIEW (2016-2028)
FIGURE 013. HARDWOOD MARKET OVERVIEW (2016-2028)
FIGURE 014. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 015. WOOD CHIPS MARKET OVERVIEW BY RAW MATERIAL
FIGURE 016. FOREST CHIPS MARKET OVERVIEW (2016-2028)
FIGURE 017. WOOD RESIDUE CHIPS MARKET OVERVIEW (2016-2028)
FIGURE 018. SAWING RESIDUE CHIPS MARKET OVERVIEW (2016-2028)
FIGURE 019. SHORT ROTATION COPPICE CHIPS MARKET OVERVIEW (2016-2028)
FIGURE 020. WOOD CHIPS MARKET OVERVIEW BY APPLICATION
FIGURE 021. COMBINED HEAT AND POWER MARKET OVERVIEW (2016-2028)
FIGURE 022. RESIDENTIAL AND COMMERCIAL HEATING MARKET OVERVIEW (2016-2028)
FIGURE 023. PLAYGROUND SURFACING MARKET OVERVIEW (2016-2028)
FIGURE 024. PULP MANUFACTURING MARKET OVERVIEW (2016-2028)
FIGURE 025. MULCH MARKET OVERVIEW (2016-2028)
FIGURE 026. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 027. NORTH AMERICA WOOD CHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. EUROPE WOOD CHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. ASIA PACIFIC WOOD CHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. MIDDLE EAST & AFRICA WOOD CHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. SOUTH AMERICA WOOD CHIPS MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Wood Chips Market research report?

The forecast period in the Wood Chips Market research report is 2024-2032.

Who are the key players in Wood Chips Market?

St. Boniface Pallet, American Wood Resources, Axpo Group, Great Northern Timber, EVOWORLD GmbH, Boniface Pallet Company Ltd, Mitsui & Co., Ltd., Cogent Fibre, Enviva Pellets, Oji Holdings, Orsted A/S, Sojitz Corporation, Verdo A/S, and other major players.

What are the segments of the Wood Chips Market?

The Wood Chips Market is segmented into Product Type, Raw Material, Application and region. By Product Type, the market is categorized into Softwood, Hardwood, Others. By Raw Material, the market is categorized into Forest Chips, Wood Residue Chips, Sawing Residue Chips, Short Rotation Coppice Chips. By Application, the market is categorized into Combined Heat and Power, Residential and Commercial Heating, Playground Surfacing, Pulp Manufacturing, Mulch, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Wood Chips Market?

Small to medium-sized pieces of wood, such as branches, trees, stumps, and debris from forestry operations are turned into woodchips by cutting or chipping bigger pieces of wood. Woodchips are the raw material for making wood pulp and can be used as a biomass solid fuel. They can be utilized as a substrate for the growth of mushrooms as well as an organic mulch for landscaping, gardening, and ecosystem restoration.

How big is the Wood Chips Market?

The Global Wood Chips Market size is expected to grow from USD 9.15 billion in 2023 to USD 9.87 billion by 2032, at a CAGR of 7.91% during the forecast period (2024-2032).