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 chips are a raw material for the production of wood pulp and can be used as a solid fuel for biomass. It can be used as a substrate for mushroom growth and as an organic mulch for landscaping, gardening and ecosystem restoration. Using a wood chipper, the process of making wood chips is known as chipping. The type of wood chipper used and the substance used to produce the chips determine the type of wood chips produced after crushing. Wood chips are produced from forest areas, while wood chips are made from logging waste, recycled wood and untreated wood residues. Sawmill residues are produced from sawmill residues.

Short rotation wood chips are another type of wood chips (from power plants). Additionally, wood chips can be made from pulp, wood waste, and wood scraps from logging, sawmills, agriculture, landscaping, and construction. landscaping. Additionally, forest waste such as canopies, branches, unmarketable parts or undersized trees can be used to produce woodchips. The long-term stability and growth of woodchip extraction forests can be compromised by increased use, despite some benefits.

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The Major Players in The Global 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.

Market has segmented the Global Wood Chips Market on the basis of type, application, and region:

By Product Type :

  • Softwood
  • Hardwood
  • Others

By Application:

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

By Regional Outlook (Revenue, USD Billion, 2022 – 2028)

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
  • Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of South America)

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Covid-19 Impact and Recovery Analysis on Industry:

The emergence of the novel COVID strain has harmed the healthcare infrastructure in many industrialized and developing countries. There is a severe shortage of hospital personnel, medications, oxygen beds, and ventilators. Graveyards and crematoriums have been working hard to combat the increase of dead bodies. Supply networks are being disrupted, causing interruptions in manufacturing activities in several countries. The forest products business, which usually goes unnoticed by the public, has been making headlines since the COVID-19 epidemic hit in 1Q2020. During the global run on toilet paper that occurred from March to June, the pulp and paper industry was top-of-mind, and the timber sector has been front-page news in recent weeks as prices for finished lumber reached new records by significant margins. According to Forest2Market, INC, demand for conifer wood chips and pulpwood in the Pacific Northwest (PNW) has declined in response to the Covid-19 epidemic, which is expected to begin in early 2020.

Reasons to purchase the report:

  • Visualize the composition of the Global Wood Chips Market products in terms of Product and application highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the Global Wood Chips Market by analyzing trends and co-development deals.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

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

To be continued…….

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