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Biomass Pellets Market Surges
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Overview
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The global biomass pellets market is projected to surpass $12.4 billion by 2030, driven by the increasing demand for renewable and sustainable energy sources, as well as government policies supporting renewable energy. The market is segmented by source and application, with the residential sector expected to account for more than 45% of all sales by 2030.
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How could the growth of the biomass pellets market influence the global economy and international trade?
How might the increasing demand for renewable energy sources impact traditional fossil fuel industries?
What are the potential challenges and opportunities associated with the utilization of agricultural residues for biomass pellet production?
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