Wood pellets are a renewable energy carrier that is produced from sawdust and other wood materials. The production of wood pellets experienced a steady growth over the past decade driven by growing demand for wood pellets as a cleaner source of energy. The trend is notably visible in the developed nations such as U.K., Germany, France, U.S. and Canada among others. However, emerging nations such as China, India, and Japan are expected to drive the future growth of the wood pellets market on account of rising inclination of these countries towards renewable energy sources.