Wood Pellet Market Trends 2024-2033: Growth Driven by Renewable Energy Demand and Government Support
The wood pellet market is gaining strong momentum, with its global value reaching USD 14.0 billion in 2024 and projected to soar to USD 22.6 billion by 2033, according to IMARC Group. This growth reflects a CAGR of 5.5% from 2025 to 2033. Europe remains the market leader, capturing over 47.9% share in 2024, driven by robust energy policies and carbon reduction goals. As the push for renewable energy intensifies, wood pellets are becoming a preferred solution across residential and industrial sectors. Key growth factors include rising biomass power generation, government initiatives promoting sustainability, and the widespread adoption of wood pellets as an eco-friendly energy alternative. Visit us- https://www.imarcgroup.com/wood-pellet-market
