Latest Breaking News On - Global wood pellets - Page 1 : comparemela.com

ResearchAndMarkets.com’s offering. According to the report, the Global Wood Pellets market accounted for $8.88 billion in 2019 and is expected to reach $21.21 billion by 2027 growing at a CAGR of 11.5% during the forecast period. Some of the key factors propelling the market growth include growing consciousness regarding the use of renewable energy sources for space heating in residential and commercial heating, rising financial incentives by several federal agencies, numerous favourable government policies, and the low cost of raw materials for making wood pellets. However, the high cost of a wood pellet stove is likely to hamper the market. Wood pellet is a solid fuel which is manufactured by densifying and crushing waste wood including industrial by products such as old paper, forestry wastes, and forestry residues. It is a renewable, clean-burning and cost-effective option for home heating. Apart from heating and power generation, these pellets are also used for the horse bed

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