The Wood Chips Market size was valued at USD 8.92 Billion in 2024 and the total Wood Chips revenue is expected to grow at a CAGR of 10.3 % from 2025 to 2032, reaching nearly USD 19.54 Billion....
The wood chips market has witnessed substantial growth in recent years, driven by the increasing demand for sustainable energy sources and the expansion of biomass power plants. Wood chips, derived from logging, sawmill residues, and forest thinning, are widely used as a renewable fuel for heating and electricity generation. Their role in bioenergy has become more prominent, especially in regions focusing on reducing carbon emissions and transitioning away from fossil fuels. Moreover, advancements in wood processing technologies have enhanced the efficiency and quality of wood chip production, supporting their adoption in industrial, residential, and commercial applications.
In addition to energy generation, wood chips are gaining traction in the agriculture and landscaping sectors. They are increasingly used as mulch, animal bedding, and raw material for composting, due to their organic properties and ability to improve soil health. The surge in demand for organic farming and sustainable landscaping practices is contributing to the steady rise of the wood chips market. Furthermore, the global push for circular economies and forest residue utilization policies is encouraging forestry management companies to turn waste materials into valuable bio-based products like wood chips, creating new revenue streams and supporting environmental goals.
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Wood Chips industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Wood Chips market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Axpo Holding AG . Cogent Forest Products Inc. . Great Northern Timber Inc. . LA.SO.LE. EST S.P.A. . Orsted . Sojitz . Rentech . Chip Chip . Eastwood Energy . Jamrow . CMPC (Latin America) . Suzano (Latin America) . Vietnam Woodchip and Pulp Co., Ltd. (Vietnam) . Gunns Limited (Australia)
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Wood Chips market.
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It has segmented the global Wood Chips market
by Wood Type
- Softwood Chips
- Hardwood Chips
by Source
- Forest Residues
- Sawmill Residues
- Short Rotation Coppice (SRC)
- Whole Tree Chips
Key Objectives of the Global Wood Chips Market Report:
- The report conducts a comparative assessment of the leading market players participating in the global Wood Chips
- The report marks the notable developments that have recently taken place in the Wood Chips industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Wood Chips market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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