Wood Chips Market was valued at USD 10243.39 million in 2021 and is expected to reach USD 15840 million by 2029, registering a CAGR of 5.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Wood chips are created by cutting and chipping large pieces of wood such as logging residues, roots, stumps, branches, and wood waste. These are used as raw materials in the production of wood pulp. Woodchips are organic mulch that is widely used in gardening, landscaping, and bioreactors for DE nitrification, as well as a substrate for mushroom farming.
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Some of the major players operating in the wood chips market are:
- Verdo (Denmark)
- Sojitz Corporation (Japan)
- Ørsted A/S (Denmark)
- Oji Holdings Corporation (Japan)
- Mitsui Co., Ltd. (Japan)
- Enviva (U.S.)
- Cogent Forest Products (U.S.)
- St.Boniface Pallet (Canada)
- American Wood Resources, LLC. (U.S.)
- Jamrow Trading and Manufacturing Co Ltd. (Jamacia)
- Eastwood Energy Group (U.S.)
- UZELAC INDUSTRIES. (U.S.)
- LA.SO.LE. EST S.P.A (Italy)
- GREAT NORTHERN TIMBER. (Canada)
- Axpo Group (Switzerland)
Global Wood Chips Market Scope:
Global wood chips market is segmented on the basis of product type, variety type, raw material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Softwood
- Hardwood
- Manual
Variety Type
- Forest Chips
- Recycled Chips
- Wood Residue Chips
- Sawing Residue Chips
Raw Material
- Pulp Wood
- Residue Wood
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Wood Chips Market Regional Analysis/Insights:
The wood chips market is analyzed and market size insights and trends are provided by country, product type, variety type, raw material and application as referenced above.
The countries covered in the wood chips market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high consumption of wood chips in the residential sector in emerging countries such as China, India, and Japan. The emergence of advanced technology in industries within the region.
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