Market Overview:
Global Wood Chips Market size was valued at USD 7.88 Billion in 2021 and is projected to reach USD 13.16 Billion by 2028, growing at a CAGR of 7.6% from 2022 to 2028.
Wood of sized small to medium-pieces , such as branches, trees, logs, and debris from forestry operations are converted into wood chips by chipping or chipping larger pieces of wood. Wood chips are the raw material for making wood pulp and can be used as a solid fuel for biomass. It can be used as a substrate for mushroom growth as well as an organic mulch for landscaping, gardening and ecosystem restoration. Using a wood chipper, the process of making wood chips is known as wood chipping. The type of wood chipper used and the materials used to make the chips determine the type of wood chips that are produced after chipping. Forest chips are made from forested areas, while remaining wood chips are made from felled logs, recycled wood, and untreated wood waste.
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The Wood Chips Market Research report includes value chain analysis for each type of product. Value chain analysis provides in-depth information about adding value at each stage. The study includes the drivers and constraints of the Wood Chips) Market along with their impact on demand during the forecast period. The study also provides key market indicators that influence market growth.
Top Key Players Covered In Wood Chips Market:
- 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.
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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.
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.
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.
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
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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.
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)
Covid-19 Impact Analysis On Wood Chips Market:
The emergence of the new COVID strain has decimated healthcare infrastructure in many industrialized and developing countries. There is an acute shortage of hospital staff, medicines, oxygen beds, and ventilators. Cemeteries and crematoria are working hard to combat the overgrowth of corpses. Supply networks were disrupted, disrupting manufacturing activities in many countries. The forest products business, which usually goes unnoticed by the public, has made headlines since the outbreak of the COVID-19 epidemic in the first quarter of 2020.
Table Of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1 By Product Type
3.2 By Raw Material
3.3 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Wood Chips Market by Product Type
To Be Continue….
Reasons To Buy The Report:
- To identify the main subsegments of the Wood Chips market to comprehend its structure.
- Identifies describes, and analyses the sales volume, value, market share, competitive market landscape, opportunities and threats, and strategic initiatives for the main Wood Chips manufacturers for the next few years.
- To examine the Wood Chips in terms of specific expected growth, career outlook, and market share contribution.
- Analyze commercial developments in the market, such as market expansions, partnerships, new product development, and mergers.
- To develop a strategic analysis of the main players and a thorough analysis of their strategic planning.
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