Myanmar Wood Chips Market: Industry Overview (2022-2027) by Product, Application, and Region

Myanmar Wood Chips Market Overview:

Woodchips are small to medium-sized wood pieces made by cutting or chipping bigger pieces of wood such as trees, branches, forestry residues, stumps, roots, and wood debris. Woodchips may be utilized as a biomass solid fuel as well as a raw material in the production of wood pulp. They may also be used as an organic mulch in gardening, landscaping, and ecosystem restoration; in denitrification bioreactors; and as a mushroom cultivation substrate. Woodchips are an important source of energy in Myanmar. According to the International Energy Agency, woodfuels account for 75% of the country's total final energy consumption, accounting for 21,772,000 metric tonnes of oil equivalent each year. Woodfuels are an important energy source for various industries and commercial sectors including garment manufacturing, commercial catering, food, and beverage production, and brickmaking.

The report examines the market's growth drivers as well as its segments (Product, Application, and Region). Data has been provided by market participants. This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the Myanmar Wood Chips market's, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Myanmar Wood Chips Market.

Myanmar Wood Chips Market Dynamics:

The growing renewable energy demand because of the looming climate change crisis in South Asian countries is anticipated to drive market growth.

Nowadays, renewable energy use is important in emerging nations to meet increased energy demand while decreasing reliance on fossil fuels and conventional biomass consumption. Because Myanmar has an agriculture-based economy and 48% forest cover (32.2 million hectares) biomass is one of the largest renewable energy sources accounting for around 50% of total energy consumption. As Myanmar's economy grows owing to the availability of energy-producing resources. To maintain the same rate of growth, Myanmar's commitments under the Paris Agreement on climate change will require a greater contribution from renewable energy sources such as woodfuels. The development of a contemporary woodfuels sector to provide clean energy for cooking, commercial uses, and industrial usage has the potential to play an important part in Myanmar's future energy mix.

Different Uses may increase the demand for Wood Chips over the forecast period.

Wood chips are often utilized as ground cover in many playgrounds and personal play areas because they give a safe and comfortable surface for children and the young at heart, cushioning falls and giving traction to prevent falls in the first place. Wood chips mulch is an essential component of any healthy garden or landscape design because it keeps the soil warm and wet. Wood chips may also be used to provide visual and textual interest to a piece of furniture or art by giving changing color, shape, and pattern.

Logging regulations in Myanmar are expected to restrain the market growth.

Although it is illegal to log mangrove wood in Myanmar. People living in communities without electricity continue to cut the mangrove forests for fuelwood for cooking. Logging is not only physically hazardous, but it is also legally risky.

Industries closer to forests create employment for local people.

A member of parliament has proposed allowing wood processing companies to be established near forests to create jobs for locals. This will also assist in boosting rural community understanding of forest resource development and conservation. As part of the government's attempts to guarantee that illegal lumber does not enter the supply chain, the location of wood processing enterprises is now restricted. Although the majority of export-oriented wood companies are concentrated in Yangon, several small-scale sawmills exist in rural locations.

Myanmar Wood Chips Market Segment Analysis:

By Product, the Softwood sector held XX percent of the market share in 2020. The softwood sector is predicted to lead the wood chips market in terms of product type due to rising demand for softwood products for gardening mulch and playground surfacing around the world.

By Application, the Residential Heating segment held an xx percent market share in 2020. One of the most common uses for wood chips is residential heating. The sector is expected to grow as wood chips become more prevalent in industrial and commercial energy generation. Furthermore, the usage of wood chips as a raw material for the manufacturing of wood pulp is expected to drive market growth in the near future. Increased demand for wood chips as composting material is another use driving the market growth. 

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Myanmar Wood Chips market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, and PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the market have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Myanmar Wood Chips market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Myanmar Wood Chips market by product, price, financial situation, product portfolio, growth plans, and geographical presence.

Myanmar Wood Chips Market Scope:

Myanmar Wood Chips Market Players

• • Mmh Company Ltd
  • Myanma Esteem
  • The Corriander Leaf
  • Shwe Joe Phyu Co., Ltd
  • Maximillion Group Of Companies Limited
  • Bamk.kabakyaw Trading Co. Ltd.
  • Su Shiji