Global wood pellet fuel market stood at USD10,533.55 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 7.73%, owing to rising demand for eco-friendly alternatives to non-renewable fuels, etc. The term "wood pellet fuel" refers to biofuels made from compressed wood fibers. Pellets can be made from a variety of biomass sources, including industrial waste and byproducts, food waste, agricultural waste, energy crops, and untreated lumber. For uses such as heating, cooking, boilers, and power plants, wood pellets can be used in place of charcoal, firewood, oil, and gas. Market Segmentation The global wood pellet fuel market is segmented based on feedstock, heating application, application, region and company. Based on feedstock, the market is further fragmented into Forest Wood & Waste, Agriculture Residue, and Others {Bark, Twigs, Gardening Waste, etc.}. Based on the Method of Heating Application, the market is segmented into (Free Standing Pellet Stove, Pellet Stove Inserts, and Pellet Boilers). Based on application, the market is further fragmented into (CHP/District Heating, Power Plants, Residential Heating, and Commercial Heating). On the basis of regional distribution, the market is divided into Europe, Asia-Pacific, North America, and the Rest of the World. The market size of the United States was USD711.25 million in 2021. Company Profiles Wood Pellet Energy UK (LTD), Drax Group Plc, Enviva, German Pellets GmbH, Stora Enso Oyj, Pacific BioEnergy, Wood & Sons, Land Energy Girvan Limited, AS Graanul Invest are among the major market players in the global platform that lead the market growth of the global wood pellet fuel. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=7764 For More Information Visit: https://www.techsciresearch.com/report/wood-pellet-fuel-market/7764.html