The global wood chips market is anticipated to grow with a CAGR of 5.1% over the forecast period, i.e., 2021 - 2028. Factors such as the growing demand for energy worldwide, along with the increasing need for different energy sources, such as wood chips, are anticipated to drive the market growth. Moreover, factors such as the growing use of wood chips in industries for the production of energy, along with the rising demand for wood pulp in the paper industry are also expected to boost the market growth. The global wood chips market is estimated to garner a revenue of about USD 15000 Million by the end of 2028, up from a revenue of USD close to 11990 Million in the year 2019.
The global wood chips market is segmented by numerous segments, which include segmentation by forest type, raw material, product type, variety, application, end-use industry, and by region. By forest type, the market is segmented into temperate forest, tropical forest, and boreal forest, out of which, the temperate forest segment is anticipated to garner the largest revenue of near to USD 6000 Million by the end of 2028. Moreover, in the year 2019, the segment generated a revenue of more than USD 4400 Million.
On the basis of regional analysis, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Out of these, the market in the Asia Pacific region is anticipated to garner the largest revenue of about USD 5490 Million by the end of 2028. Moreover, in the year 2019, the market in the region generated a revenue of close to USD 4000 Million.
Some of the prominent industry leaders in the global wood chips market that are included in our report are: American Wood Resources, LLC, Cogent Forest Products Inc., Wood Chips Supply Ltd., Swiss Timber International, New Forests, Midway Limited, Mitsui & Co., Ltd., Marubeni Corporation, and others.
Table of Contents
1. Introduction
- 1.1. Market Definition
- 1.2. Market Segmentation
- 1.3. Product Overview
2. Assumptions and Acronyms
3. Research Methodology
- 3.1. Research Process
- 3.2. Primary Research
- 3.3. Secondary Research
- 3.4. Market Size Estimation
4. Analyst Review
5. Executive Summary - Wood Chips Market
6. Industry Value Chain analysis
7. Analysis of Market Dynamics
- 7.1. Growth Drivers
- 7.2. Market Trends
8. Major Roadblocks for the Market Growth
9. Regulatory Landscape
10. Trade Outlook, 2017-2019
- 10.1. Import Outlook
- 10.2. Export Outlook
11. Wood Chips Supplier Analysis
- 11.1. Company Profiles
- 11.1.1. American Wood Resources, LLC
- 11.1.2. Cogent Forest Products Inc.
- 11.1.3. Wood Chips Supply Ltd.
- 11.1.4. Swiss Timber International
- 11.1.5. New Forests
- 11.1.6. Midway Limited
- 11.1.7. Mitsui & Co., Ltd.
- 11.1.8. Marubeni Corporation
12. Wood Chips Market Outlook
- 12.1. Market Size and Forecast, 2019-2028F
- 12.1.1. By Value (USD Million), 2019-2028F
- 12.1.2. By Volume (USD Million), 2019-2028F
13. Wood Chips Market Segmentation Analysis 2019-2028F
- 13.1. By Forest Type
- 13.1.1. Temperate Forest
- 13.1.2. Tropical Forest
- 13.1.3. Boreal Forest
- 13.2. By Raw Material
- 13.2.1. Pulp Wood
- 13.2.2. Residue Wood
- 13.3. By Product Type
- 13.3.1. Softwood
- 13.3.2. Hardwood
- 13.3.3. Others
- 13.4. By Variety
- 13.4.1. Forest Chips
- 13.4.2. Recycled Chips
- 13.4.3. Wood-Residue Chips
- 13.4.4. Sawing Residue Chips
- 13.5. By Application w.r.t. Tree Species
- 13.5.1. Pulp Manufacturing
- 13.5.1.1. Eucalyptus
- 13.5.1.2. Acacia
- 13.5.1.3. Poplar
- 13.5.1.4. Others
- 13.5.2. Combined Heat & Power
- 13.5.2.1. Oak
- 13.5.2.2. Maple
- 13.5.2.3. Willow
- 13.5.2.4. Others
- 13.5.3. Household Furnishing
- 13.5.3.1. Acacia
- 13.5.3.2. Teak
- 13.5.3.3. Mahogany
- 13.5.3.4. Others
- 13.5.4. Residential Heating
- 13.5.4.1. Birch
- 13.5.4.2. Willow
- 13.5.4.3. Pine
- 13.5.4.4. Others
- 13.5.5. Others
- 13.6. By End-Use Industry
- 13.6.1. Building & Construction
- 13.6.2. Energy & Power
- 13.6.3. Paper & Pulp
- 13.6.4. Others
14. Analysis of End-User w.r.t. Product Type
15. Forest Analysis, 2010-2028F
16. Private Forest Ownership Analysis
17. Wood Chips Market, By Region, 2019-2028F
- 17.1. North America
- 17.2. Europe
- 17.3. Asia Pacific
- 17.4. Latin America
- 17.5. Middle East & Africa
18. North America Wood Chips Market Outlook
- 18.1. Market Overview
- 18.2. Market Size, By Value (USD Million)
- 18.3. Market Size, By Volume (BDMT)
- 18.4. Market Segmentation:
- 18.4.1. By Forest Type
- 18.4.1.1. Temperate Forest
- 18.4.1.2. Tropical Forest
- 18.4.1.3. Boreal Forest
- 18.4.2. By Raw Material
- 18.4.2.1. Pulp Wood
- 18.4.2.2. Residue Wood
- 18.4.3. By Product Type
- 18.4.3.1. Softwood
- 18.4.3.2. Hardwood
- 18.4.3.3. Others
- 18.4.4. By Variety
- 18.4.4.1. Forest Chips
- 18.4.4.2. Recycled Chips
- 18.4.4.3. Wood-Residue Chips
- 18.4.4.4. Sawing Residue Chips
- 18.4.5. By Application w.r.t. Tree Species
- 18.4.5.1. Pulp Manufacturing
- 18.4.5.1.1. Eucalyptus
- 18.4.5.1.2. Acacia
- 18.4.5.1.3. Poplar
- 18.4.5.1.4. Others
- 18.4.5.2. Combined Heat & Power
- 18.4.5.2.1. Oak
- 18.4.5.2.2. Maple
- 18.4.5.2.3. Willow
- 18.4.5.2.4. Others
- 18.4.5.3. Household Furnishing
- 18.4.5.3.1. Acacia
- 18.4.5.3.2. Teak
- 18.4.5.3.3. Mahogany
- 18.4.5.3.4. Others
- 18.4.5.4. Residential Heating
- 18.4.5.4.1. Birch
- 18.4.5.4.2. Willow
- 18.4.5.4.3. Pine
- 18.4.5.4.4. Others
- 18.4.5.5. Others
- 18.4.6. By End-Use Industry
- 18.4.6.1. Building & Construction
- 18.4.6.2. Energy & Power
- 18.4.6.3. Paper & Pulp
- 18.4.6.4. Others
- 18.4.7. By Country
- 18.4.7.1. United States
- 18.4.7.2. Canada
19. Europe Wood Chips Market Outlook
- 19.1. Market Overview
- 19.2. Market Size, By Value (USD Million)
- 19.3. Market Size, By Volume (BDMT)
- 19.4. Market Segmentation:
- 19.4.1. By Forest Type
- 19.4.2. By Raw Material
- 19.4.3. By Product Type
- 19.4.4. By Variety
- 19.4.5. By Application w.r.t. Tree Species
- 19.4.6. By End-Use Industry
- 19.4.7. By Country
- 19.4.7.1. Sweden
- 19.4.7.2. Germany
- 19.4.7.3. Russia
- 19.4.7.4. Finland
- 19.4.7.5. Rest of Europe
20. Asia Pacific Wood Chips Market Outlook
- 20.1. Market Overview
- 20.2. Market Size, By Value (USD Million)
- 20.3. Market Size, By Volume (BDMT)
- 20.4. Market Segmentation:
- 20.4.1. By Forest Type
- 20.4.2. By Raw Material
- 20.4.3. By Product Type
- 20.4.4. By Variety
- 20.4.5. By Application w.r.t. Tree Species
- 20.4.6. By End-Use Industry
- 20.4.7. By Country
- 20.4.7.1. China
- 20.4.7.2. Vietnam
- 20.4.7.3. Japan
- 20.4.7.4. Thailand
- 20.4.7.5. Indonesia
- 20.4.7.6. Malaysia
- 20.4.7.7. Australia
- 20.4.7.8. Rest of Asia Pacific
21. Latin America Wood Chips Market Outlook
- 21.1. Market Overview
- 21.2. Market Size, By Value (USD Million)
- 21.3. Market Size, By Volume (BDMT)
- 21.4. Market Segmentation:
- 21.4.1. By Forest Type
- 21.4.2. By Raw Material
- 21.4.3. By Product Type
- 21.4.4. By Variety
- 21.4.5. By Application w.r.t. Tree Species
- 21.4.6. By End-Use Industry
- 21.4.7. By Country
- 21.4.7.1. Chile
- 21.4.7.2. Brazil
- 21.4.7.3. Uruguay
- 21.4.7.4. Argentina
- 21.4.7.5. Mexico
- 21.4.7.6. Rest of Latin America
22. Middle East & Africa Wood Chips Market Outlook
- 22.1. Market Overview
- 22.2. Market Size, By Value (USD Million)
- 22.3. Market Size, By Volume (BDMT)
- 22.4. Market Segmentation:
- 22.4.1. By Forest Type
- 22.4.2. By Raw Material
- 22.4.3. By Product Type
- 22.4.4. By Variety
- 22.4.5. By Application w.r.t. Tree Species
- 22.4.6. By End-Use Industry
- 22.4.7. By Country
- 22.4.7.1. South Africa
- 22.4.7.2. Turkey
- 22.4.7.3. Rest of Middle East & Africa