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Global wood pellets market to reach $20 billion by 2023

from IHB

Benefiting from the implementation of stringent emission norms in North America and Europe, the demand for wood pellets has increased substantially over the past few years. A recent market report by Transparency Market Research has pegged the value of the global wood pellets market at $6.2 billion in 2014. Additionally, according to the report, the market is anticipated to reach a value of $20.0 billion by the end of 2023. If the figures hold true, the global wood pellet market will exhibit a CAGR of 14.1 percent between 2015 and 2023. more


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