New York, 11. februar 2022 (GLOBE NEWSWIRE) --According to statistics from the International Energy Agency (IEA), the total final consumption (TFC) of energy in the industrial sector worldwide increased from 110621914.0 TJ in 2010 to 120978863.0 TJ in 2019. In the transport and housing sectors, the TFC of energy increased from 101756471.0 TJ and 81748433.0 TJ in 2010 to 120972204.0 TJ and 87779996.0 TJ in 2019 respectively.
Kenneth Research recently published a report on “Global market for wood chips”, which includes a detailed analysis of key market players and key market dynamics throughout the forecast period i.e. 2021-2028. The report also presents a brief analysis of the latest market trends along with trade outlook, regulatory framework and vendor analysis. Additionally, the report covers for its readers insights into market segmentation along with growth drivers and challenges associated with market growth during the forecast period.
Aided by the increasing demand for energy and increasing concern over the depletion of conventional energy sources, the focus on energy production from both alternative and green energy sources is accelerating significantly. Wood chips, which are also available in the form of wood pellets, are estimated to have a production volume of 38.9 million tons in 2019, up from 18.1 million tons in 2012, according to statistics from the World Bioenergy Association. The global wood chips market recorded a revenue of USD 12,000 million in 2019 and is expected to reach USD 15,500 million by the end of 2028, growing at a CAGR of 5.1% during the forecast period.
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The global wood chips market is expected to grow due to the increasing need for alternative energy sources, as well as the increasing use of wood chips as pulp in the pulp and paper industry. Additionally, the increasing use of wood chips as a substrate for mushroom cultivation, aided by the rise in sales of mushrooms, is expected to create numerous opportunities for market growth. According to United States Department of Agriculture (USDA) statistics, the sales value ofAgaricusand specialty mushrooms in the US increased from USD 1114710 thousand in 2018-2019 to USD 1153296 thousand in 2019-2020. On the other hand, the increasing use of wood chips in denitrification bioreactors, especially in the wastewater treatment process, is expected to drive the market growth in the coming years. Additionally, increasing use of wood chips as organic mulch in gardening, landscaping and ecosystem restoration, aided by increasing sales of horticultural materials, is expected to contribute to market growth in the coming years. The value of horticulture sales globally is expected to reach USD 130 billion by the end of 2025.
The global wood chips market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among the markets in these regions, the Asia Pacific market generated the highest revenue of USD 3,900 million in 2019 and is expected to reach USD 5,500 million by the end of 2028. The market in the region is segmented by country into China, Vietnam, Japan, Thailand, Indonesia, Malaysia, Australia and the rest of Asia Pacific, of which the Chinese market generated the largest revenue of USD 2300 million in 2019 and is expected to reach USD 3500 million by the end of 2028. Additionally, the market in Thailand is predicted to grow at the highest CAGR of 7% during the forecast period.
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On the other hand, the market in Europe generated the second largest revenue of USD 5400 million by the end of 2028, compared to the revenue of USD 4400 million in 2019. The market in the region is segmented by country into Sweden, Germany, Russia, Finland, and the rest of Europe. Among the markets in these countries, the market in Sweden is expected to generate the second largest revenue of USD 1,000 million. by the end of 2028, compared to a revenue of USD 800 million. in 2019. Furthermore, the market in Russia is expected to grow at the highest CAGR of 4% during the forecast period.
The study also includes year-on-year growth, demand and supply, and a forecast of future opportunities in North America (US, Canada), Latin America (Brazil, Mexico, Argentina, rest of LATAM), Europe (UK, Germany). , France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa).
The global chip market is segmented by forest type into temperate forests, tropical forests and boreal forests. Among these segments, the temperate forests segment generated the highest revenue of USD 4500 million. in 2019 and is expected to reach USD 5800 million. by the end of 2028. In Asia Pacific, the tropical forest segment generated the highest revenue of USD 2500 million. 2018, and is expected to reach USD 3600 million by the end of 2028. Additionally, the tropical forest segment in China recorded the highest revenue of USD 1700 million in 2019 and is expected to reach USD 2400 million by the end of 2028. Moreover, the segment in Thailand is expected to generate the highest revenue of USD 25 million by the end of 2028, up from revenue of USD 15 million in 2019.
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On the other hand, the temperate forest segment in Europe is expected to generate the highest revenue of USD 2,500 million by the end of 2028 compared to a revenue of USD 2,000 million in 2019. In Sweden, the boreal forest segment generated the highest revenue of USD 590 million in 2019 and is expected to reach USD 700 million by the end of 2028. Additionally, the boreal forest segment in Russia is expected to show the highest revenue of USD 600 million by the end of 2019 2028, which is an increase from the revenue of USD 480 million in 2019.
The global wood chips market is further segmented by product type into softwood, hardwood, and others. Among these segments, the softwood segment generated the highest revenue of USD 6,500 million in 2019 and is expected to reach USD 8,600 million by the end of 2028. In Asia Pacific, the segment generated the highest revenue of USD 2,600 million by the end of 2019, and is expected to reach USD 3,800 million by the end of 2028. In China, the segment is expected to generate the highest revenue of USD 2,700 million by the end of 2028, up from USD 1,800 million in 2019. Furthermore, in Japan, the softwood segment recorded the highest revenue of USD 500 million in 2019 and is expected to reach USD 700 million by the end of 2028.
In Europe, the hardwood segment is expected to generate the highest revenue of USD 2,700 million by the end of 2028, compared to a revenue of USD 2,200 million in 2019. In Sweden, the softwood segment had the highest revenue of USD 650 million in 2019 and is further expected to generate a revenue of of USD 780 million by the end of 2028. Furthermore, the softwood segment in Russia is expected to generate the highest revenue of USD 570 million by the end of 2028, up from the 2019 revenue of USD 440 million.
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The global wood chips market is also segmented on the basis of raw material, variants, application w.r.t. wood species and according to the end-use industry.
Global wood chips market, segmentation by raw material
- Pulp Wood
- Remains of wood
Global Wood Chips Market, Segmentation by Type
- Wood chips
- Recycled chips
- Wood scraps
- Sawing leftover chips
Global wood chip market, segmentation by application s.r.t. Types of trees
- Paper production
- Other things
- Combined heat and energy
- Oak tree
- Other things
- Furnishing of the household
- Other things
- Heating of homes
- Other things
- Other things
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Global wood chip market, segmentation by end-use industry
- Energy and strength
- Paper and pulp
- Other things
Some of the prominent industry leaders in the global wood chips market included in our report are American Wood Resources, LLC, Cogent Forest Products Inc., Wood Chips Supply Ltd., Swiss Timber International, New Forests, Midway Limited, Mitsui & Co., Ltd., Marubeni Corporation and others.
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The Global Wood Chips Market size was valued at US$ 10.88 billion in 2022 and is anticipated to reach US$ 16.85 billion by 2028 and increase at a CAGR of 7.80% between 2023 and 2028.What is the price forecast for wood chips? ›
Global 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.Are wood chips good for the environment? ›
Wood chips are perfect as an environmentally friendly fuel, garden material and even as straws. Buying local also means you have less of an impact on the environment as there aren't the huge transportation issues involved.What do farmers use wood chips for? ›
Wood chips are a popular choice for gardeners and farmers as they have many benefits, including weed suppression, moisture retention, root cooling, erosion prevention, and soil nutrient provision.Who are the largest wood chip importers? ›
The United Kingdom is the largest importer of wood pellets in the world. In 2021, the UK imported over nine million metric tons of such products.What will grow in wood chips? ›
Wood chips are really great for mulching in perennial beds, around raspberries or high bush blueberries, on permanent walkways or between raised beds to help with weed suppression and water retention. They can also be used in your compost pile (see page 2), if you have one, as a carbon source, for a healthy pile.Why do wood prices keep going up? ›
Low Supply and High Demand
Currently, lumber is suffering from a situation affecting many products and goods worldwide: low supply with high demand. As a result, the low lumber supply creates scarcity, which causes lumber prices to increase.
Well, because they decompose. When a load of finely-ground wood chips or sawdust is mixed into the soil, it can tie up nitrogen in the soil as it decomposes. Eventually, it'll release the nitrogen back into the surrounding soil but, until then, you may find your plants suffering from nitrogen deficiency.What industries use wood chips? ›
Woodchips are organic mulch, which are widely used in gardening, landscaping, and bioreactors for DE nitrification, and as a substrate for mushroom farming.Do wood chips attract termites? ›
Even though wood chips are not an attractive food source for termites, they do like moist soil. So, if you already have a termite infestation in your soil the moisture from the mulch could be an attractive area for them continue to survive. To avoid problems, reduce excess moisture around the siding of your home.
Truth: Bark can cause a problem because it contains natural waxes that prevent absorption and release of water in landscapes since that is the purpose on a tree. Wood chips are better because they consist primarily of the inner wood which is designed to absorb and retain moisture.What are the disadvantages of wood chips? ›
Concern: Wood chips could be a fire hazard, particularly when they are used on landscapes around structures. Evidence: Coarse textured organic mulches, like wood chips, are the least flammable of the organic mulches.Do wood chips help trees grow? ›
Some of the benefits include reduced weeding, cooler soil in the summer, water conservation (need less frequent irrigation), and the slow addition of organic matter as organic mulches break down. All of which leads to healthier plant growth.How do sustainable wood chips work? ›
Wood Chips as Sustainable Fuel
Wood chips can power engines and biomass reactors to provide heat for all of us, allowing a sustainable fuel option to battle against climate change by being carbon neutral. Biomass has advantages such as not having smoky emissions as a by product when they burn.
Mulch prevents weeds in a number of different ways. New weed seeds need dirt to grow, and a thick layer of mulch helps prevent the seeds from ever reaching the soil. As for the seeds or roots that are already in the soil, mulch blocks one of a plant's essential needs, sunlight.What company is building chip factory in us? ›
Taiwan Semiconductor Manufacturing Company, the world's biggest maker of advanced computer chips, is upgrading and expanding a new factory in Arizona that promises to help move the United States toward a more self-reliant technological future.Who produces the most advanced chips? ›
All of the chips that go into the world's most advanced computers are made by a single company - Taiwan Semiconductor Manufacturing Company. And TSMC cannot produce these advanced chips without a stunningly complex machine that only one other company, ASML of the Netherlands, can make.Who is the largest chip manufacturer in the USA? ›
1. Intel Corporation (Leading Semiconductor Company in USA)Will grass grow over wood chips? ›
Grass probably would grow on top of wood chips, but you'd have to water and fertilize more frequently and the grass just wouldn't stay in as good a shape as it would if laid over topsoil. You'll be better off if you remove the wood chips or mulch before you lay your sod.Do wood chips make good fertilizer? ›
Wood chips can be added to a compost pile to provide a better carbon:nitrogen ratio. Wood chips, with their rigid structure, also enhance the flow of air through the compost since they are less prone to compact. This is a good thing.
Types of Wood to Avoid For Mulch
There is the concern that some mulches leach allelochemicals into the soil which may kill nearby vegetation. It is accurate that these chemicals can prevent seed germination or even kill young plants. Black walnut, tree of heaven, magnolia, and eucalyptus all exude allelochemicals.
U.S. lumber consumption will fall somewhere between 4% and 5% in 2023, Jalbert predicts. He estimates that in 2022, lumber consumption fell by 1.6% as a result of "sudden weakening in new residential construction activity in the second half of the year and a major correction in do-it-yourself (DIY) lumber demand."Why are lumber prices rising again 2023? ›
The lasting effects of pandemic-related supply chain issues also continue to ripple out across 2022, 2023 and likely beyond. In combination with the forecasted bounce-back in the U.S. housing market, this reduced supply would drive lumber prices higher than their current rate, not lower.What is causing lumber shortage? ›
Analysis from the U.S. Bureau of Labor Statistics expects a -4% decline in job outlook, with 7,200 new positions expected to open up between 2021 and 2031. Lower employment means fewer people are available to chop down and process trees.
The short of it: At most, you should be adding 5 wood chips every 45 - 60 minutes.Does wood chips go bad? ›
A sour smell coming from your mulch could be the result of acids and other compounds. Use the proper precautions before placing in beds, especially during hot weather. We typically think of mulching landscape beds as a good thing.How long do wood chips last? ›
Wood chips and bark mulch are the most common types of mulch. They are more prone to decomposing than thicker materials. Wood chips can last about five to seven years. On the other hand, bark mulch can last for seven to ten years.Where do most wood chips come from? ›
The raw materials of woodchips can be pulpwood, waste wood, and residual wood from agriculture, landscaping, logging, and sawmills. Woodchips can also be produced from remaining forestry materials including tree crowns, branches, unsaleable materials or undersized trees.What does China use wood chips for? ›
Softwood chips are shipped to Japan and China where they are used to make UKP and semi-chemical pulp for packaging board.What fuel is made from wood chips? ›
Woodchips are used as biofuel in both large energy plants and in more small-scale operations.
Think before you landscape.
Avoid using mulch and large rocks in your landscape, as they attract snakes and their prey and can create breeding and overwintering habitat.
This mulch is typically made from wood chips. It is relatively inexpensive, making it a popular choice for adding curb appeal to one's home. Unfortunately, wood mulch also doubles as an attractant for a variety of pests including carpenter ants, earwigs, roaches, and termites.Do wood chips attract cockroaches? ›
Bark shavings: Bark shavings and chips attract roaches because certain roach species are naturally wood-loving insects. Roaches feed on decaying wood. They live in the mulch because bark chips provide them with good cover for shelter, moisture, and enough space for breeding.Is there a difference between wood chips and mulch? ›
The main difference between wood chips and mulch is that wood chips are always made from the interior of trees, while mulch can be made from different materials including wood bark. The texture of wood chips is also softer than that of mulch.How long does it take for wood chips to decompose? ›
In as little as three months the wood chips and green materials decompose into finished compost. Wood chips compost faster in the summer because the center of the pile gets hot. Avoid turning the pile during the cold winter months. The heat will escape and the decomposition will get significantly slower.What wood makes the best wood chips? ›
The best woods for smoking come from deciduous trees—especially from nut trees, such as hickory, pecan, and oak, and fruit trees, like apple and cherry. Mesquite, a popular smoking wood in the Southwest and Hawaii, delivers an assertive smoke flavor well suited to red meat.Is wood chips better than rock? ›
What Does Your Soil Prefer? Mulch made from organic material like bark or wood chips decays over time, crumbling into nutritious bits that actually feed your soil. Rocks don't add anything to the soil. So plants that grow in beds mulched with rocks may need extra fertilizing.Are wood chips a fire hazard? ›
Coarse textured organic mulches, like wood chips, are the least flammable of the organic mulches. Fine textured mulches are more likely to combust, and rubber mulch is the most hazardous of all tested landscape mulches. If organic mulches are kept moist, they are less likely to catch fire.Do trees really need mulch? ›
Trees roots are very shallow, within 6 to 12 inches of the soil surface, and this organic matter or mulch helps them survive. Roots do best under moist, cool conditions and need plenty of oxygen in the soil. These conditions are ensured by a good mulch layer.Is it good to put wood chips around fruit trees? ›
People mulch their trees with organic materials like wood chips or compost, or with inorganic materials like gravel, plastic sheets or landscape fabric. There are two main benefits: Mulch prevents weeds from sprouting up in the bare soil. Mulch helps retain moisture in the soil to help keep trees hydrated.
A good example of biofuel is the wood chips that result from deforestation. These chips can be utilised in a myriad of ways, including recycling, but the production of biofuel is one of the most popular and comprehensive.Do wood chips absorb water? ›
Since mulch is usually made from organic materials, such as wood chips, it does an excellent job of absorbing water.Do wood chips stunt plant growth? ›
Adding fresh wood chips to your soil will tie up nitrogen on the very surface of the soil initially. Nitrogen deficiency in the soil causes plants growth to be stunted.What are the best wood chips to prevent weeds? ›
At Leaf & Limb, we recommend using organic, coarsely shredded hardwood mulch or arborist wood chips. There are a number of benefits to using this type of material: it helps retain the right amount of moisture, reduces weeds, helps prevent erosion, and it regulates temperature.What are wood chips good for? ›
Use Wood Chips as Mulch
The first and best thing to do with your wood chips is use them as an organic mulch in planting areas and around your trees. Applied correctly, mulch suppresses weed growth, keeps water in your soil, and regulates soil temperatures.
Wood chips are shredded, chipped, or ground-up pieces of wood. It sometimes includes bark, branches, and leaves. Wood mulch refers to the way wood chips are used. When spread on the soil surface as a protective top-dressing, we call it wood mulch.What is the shelf life of wood chips? ›
chips don't go bad, as long as they stay dry. But chunks work a bit better. little to no experience with mesquite (it can be strong).What is the difference between wood chips and wood shavings? ›
Wood chips are very thin, with most chips measuring less than 0.25 inches thick. In comparison, wood chunks from Cutting Edge Firewood can measure up to 4 inches thick. Wood chips are essentially wood thin shavings, whereas wood chunks are thicker blocks of wood.Do wood chips decompose? ›
Wood chips have an average C:N ratio around 600:1, but only the outer surface of the wood chip is really available to react with the microbes in the compost pile. In practice only about 1/3 of the wood chip will decompose in a 3 - 6 month composting period.Can chips go bad? ›
Different types of snacks have varying expiration dates: Potato chips will last one month after expiration date. Crackers and pretzels can last up to three months. One of the longest lasting snacks is popcorn, which has a shelf life of one to two years. " / There is a myth that Twinkies can last upward of 50 years.
Signs That Chips Have Gone Bad
Taste – if your expired chips have a good smell, in other words they smell like they should smell, and if they show no signs of mold then you can taste them. Stale potato chips taste like stale bread, lol, not perfect but still edible.
So, can you use fresh wood chips as mulch? In most cases, the answer is going to be no. This is because fresh wood chips, more so than aged ones, will pull a considerable amount of nitrogen from the soil, an imperative gas for proper plant growth.Does mulch attract termites? ›
Mulch doesn't necessarily attract termites, but can serve as an invite for them to feast on your house.