Business
Global Wood Pellets Market Outlook 2035: How Drax Group plc, Enviva Inc. & Graanul Invest Are Driving Renewable Energy Growth Across North America, Europe & Asia-Pacific
According to the latest market analysis by Future Market Insights, the global wood pellets market is experiencing strong growth as countries accelerate their transition toward renewable energy and carbon-neutral fuel solutions. The wood pellets market is valued at USD 12.1 billion in 2025 and is projected to reach USD 31.1 billion by 2035, expanding at a CAGR of 9.9%. Growth is fueled by increasing demand for sustainable heating, utility-scale biomass energy, and global decarbonization initiativ
About this update from Drax Group Plc
[{"type":"text","content":"NEWARK, Del., April 23, 2026 /PRNewswire/ -- According to the latest market analysis by Future Market Insights, the global wood pellets market is experiencing strong growth as countries accelerate their transition toward renewable energy and carbon-neutral fuel solutions. The wood pellets market is valued at USD 12.1 billion in 2025 and is projected to reach USD 31.1 billion by 2035, expanding at a CAGR of 9.9%. Growth is fueled by increasing demand for sustainable heating, utility-scale biomass energy, and global decarbonization initiatives.","length":553,"tagName":"p"},{"type":"image","alt":"Future Market Insights Logo","displaySize":"","headline":null,"caption":"Future Market Insights Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":200,"url":"https://media.zenfs.com/en/prnewswire.com/525213cbf5a98938c20dd4063c069994"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1auHu_3Zto.vqFA0MaLayg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTM2MA--/https://media.zenfs.com/en/prnewswire.com/525213cbf5a98938c20dd4063c069994","width":200,"height":200}}},{"type":"text","content":"Quick Stats: Wood Pellets Market","length":32,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Market Size (2025): USD 12.1 Billion","length":36,"tagName":"p"}]},{"val":[{"type":"text","content":"Market Size (2035): USD 31.1 Billion","length":36,"tagName":"p"}]},{"val":[{"type":"text","content":"Growth Rate: 9.9% CAGR (2025–2035)","length":34,"tagName":"p"}]},{"val":[{"type":"text","content":"Total Value Addition: USD 19.0 Billion","length":38,"tagName":"p"}]},{"val":[{"type":"text","content":"Top Growth Countries: South Korea (10.4%), USA (10.2%), Germany (10%)","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Leading Feedstock: Forest & wood waste (68% share)","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"Top End-Use: Residential/Commercial Heating (38% share)","length":55,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":322,"olType":false},{"type":"text","content":"Get detailed market forecasts, competitive benchmarking, and pricing trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-11094","length":141,"tagName":"p"},{"type":"text","content":"Energy Transition and Renewable Demand Driving Growth","length":53,"tagName":"p"},{"type":"t...