According to a Tecsci Research report, the global wood pellet market is expected to be valued at USD 10.08 billion in 2023, growing at a robust CAGR of 12.19% during the forecast period till 2029.
The wood pellet market refers to the global industry involved in the production, distribution, and consumption of wood pellets, a type of biomass fuel produced from compressed sawdust, wood chips, or other wood residues. Wood pellets serve as a renewable and sustainable alternative to traditional fossil