Asia Pacific Biomass Pellets Market: Industry Analysis and Forecast (2024-2030)

Asia Pacific Biomass Pellets Market Definition:

Biomass pellets are compress organic matter or biomass that are used to produce biofuels. They can be made from five different types of biomass: industrial waste and co-products, food waste, agricultural wastes, energy crops, and virgin lumber, to mention a few. Biomass pellets are mostly utilized as a source of heat.

 

Further, the Asia Pacific Biomass Pellets market is segmented by type, Source, Application, and geography. On the basis of Type, the Asia Pacific Biomass Pellets market is segmented under Agri-pellet, Torrefied pellets, and wood pellet, other. Based on the Source the market is segmented under the Industrial waste, Energy crops, food waste, agriculture residue, virgin lumber, and other. Based on the Application the market is segmented under the industrial heating, residential heating, power generation and other. By geography, the market covers the major countries in Asia Pacific i.e., India, China, Japan, Australia and Rest of Asia Pacific For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Asia Pacific Biomass Pellets COVID 19 Insights:  The outbreak of the infectious disease COVID-19 has resulted in chaos and panic, with all routine daily activities being stopped. Several industries, including automotive, aviation, and oil and gas, are seeing negative effects as a result of the pandemic's growing worry. Sustainable forestry activities have slowed as a result of the epidemic, owing to a labor shortage. The forest-based sectors, such as the paper and wood industries, are expected to suffer immediate implications as a result of the drop in wood products, such as wood flow and supply chain disruption.

 

Asia Pacific Biomass Pellets Market Dynamics:

Biomass pellets are a clean-burning, renewable, and cost-effective fuel that reduces pollutant emissions while increasing the thermal value of biomass waste. Biomass pellets produce a negligible amount of greenhouse emissions and hence do not cause global warming. They're also used to heat stoves and boilers as an alternative to coal in power plants.

 

To reduce air pollution by using agricultural waste that would otherwise be burned by farmers to generate electricity, India has made the use of biomass pellets mandatory in some coal-fired thermal power plants. A 5% blend of biomass pellets and coal will be used in three types of thermal power plants. During the winter season, farmers in certain northern Indian states burn off vast swaths of rice stalks and straw to prepare the area for planting. From late September, the process creates major spikes in air pollution, which frequently result in a thick layer of smog across northern India.

 

Biomass pellets have several advantages, including the ease with which they may be transported and stored, as well as their efficiency, low carbon emissions, scalable combustion, and dependability. These pellets have gained a lot of popularity among end-users who are attempting to reduce carbon emissions while also advancing financially. In order to reduce greenhouse gas (GHG) emissions, the energy sector is progressively using wood pellets as a replacement for fossil fuels, which is expected to have a favorable impact on product prospects in the future years.

 

Market Restraints:

 

The Biomass Pellets market is constrained by costly extraction processes, high raw material costs, and poor product quality. During the forecast period, however, players will be offered lucrative business prospects as favorable government policies and regulations shift their focus to the adoption of non-conventional and renewable energy sources to develop.

 

Biomass pellets, such as those made from agricultural waste, are a renewable energy source that can be used to generate both heat and electricity. As a result, new businesses based on renewable energy production emerged. Biomass pellets are the principal source of thermal energy generation and the most important source of power.

 

Asia Pacific Biomass Pellets Market Segment Analysis:

By Type, Wood Pellets Market is expected to increase at a CAGR of about 16.5% from 2024 to 2030, exceeding USD 10.92 million in 2021. Product penetration is expected to increase as renewable energy plants are deployed more widely around the Asia Country. Wood pellets have the potential to take the place of coal in power plants. Wood pellets have experienced some thermal upgrading in recent years as a result of technological advancements such as torrefaction, hydrothermal carbonization, and thermal decomposition. Wood pellets can now be used as a coal-like fuel due to thermal upgrading. The Asia-Pacific area, which has the world's biggest number of coal power plants, is likely to be a growth market in the near future. Wood pellets are biofuels made from compressed wood fibres that are widely used in both industrial and domestic uses.

 

 

By Source, by 2030, the industrial sector is estimated to account for more than 35% of the biomass pellets market. The growing use of products in combined heat and power plants is expected to move the business ahead. Pellet usage in the industrial sector will be increased by the growing trend of converting coal-fired power plants to biomass plants.

 

By Application, Biomass pellets are mostly used for food, cooking and grilling, and supplying heat to homes in the residential and commercial sectors. Pellets have become a more cost-effective option because their cost has been lower than that of other fuels for a long period, satisfying the primary concern of the residential and commercial sectors. Due to oversupply, the price of wood pellets has decreased considerably.

 

Asia Pacific Biomass Pellets Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the Asia market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Asia Pacific Biomass Pellets market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia Pacific Biomass Pellets market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Biomass Pellets Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Asia Pacific Biomass Pellets market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia Pacific Biomass Pellets market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Biomass Pellets market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Asia Pacific Biomass Pellets market. The report also analyses if the Asia Pacific Biomass Pellets market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Biomass Pellets market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Biomass Pellets market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Biomass Pellets market is aided by legal factors.

 

Asia Pacific Biomass Pellets Market Scope:

Asia Pacific Biomass Pellets Market Scope
Market Size in 2023	USD 3.18 Bn.
Market Size in 2030	USD 3.94 Bn.
CAGR (2024-2030)	3.1%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Agri-Pellets Torrefied Pellets Wood Pellets Other
	By Source Industry Waste Energy Crops Food Waste Agriculture Residue Virgin Lumber Other
	By Application Industrial Heating Power Generation Residential Heating Other
Country Scope	China India  Japan  South Korea               Australia  ASEAN Rest of APAC

 

Asia Pacific Biomass Pellets MARKET KEY PLAYERS: 

• Abelen Clean Energy Limited ( India)
• Ecostan ( India)
• JP Green Fuels ( India)
• Dabin Pellets and Charcoal Manufacturing ( China)
• ECO Smart ( India)
• J.K.Biofuel(India)
• S.K.Jindal(India)
• Shb Chemicals (India)