Wood Pellet Market Forecast 2023-2028: Growth Projections and Key Insights
The wood pellet market was estimated at USD 8.29 billion in 2022 and is likely to grow at a CAGR of 5.58% during 2023-2028 to reach USD 11.52 billion in 2028.
Biomass fuel manufactured from compressed particles of wood is also referred to as wood pellets. They are roughly cylindrical and range from 6-8 mm in diameter and between 10-30 mm in length. A popular type of biofuel is known as wood pellets.
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