Woodworking Industry News
The Global Wood Pellet market was valued at $11.622 billion in 2020 and is expected to grow at a CAGR of 14.49% over the forecast period to reach a total market size of $29.964 billion in 2027.
Wood pellets are renewable energy carriers. These are produced from sawdust or other ground woody materials. According to international standards, product requirements for energy density, moisture, abrasion resistance, particle size, and shape for wood pellets are defined, turning wood pellets into a commodity.