Forestry & Wood Market by Wood Type (Hardwood, Softwood), Products (Recoverable Wood Products, Sawnwood, Secondary Wood Products), Application - Global Forecast 2024-2030

Forestry & Wood Market by Wood Type (Hardwood, Softwood), Products (Recoverable Wood Products, Sawnwood, Secondary Wood Products), Application - Global Forecast 2024-2030

The Forestry & Wood Market size was estimated at USD 692.79 billion in 2023 and expected to reach USD 731.44 billion in 2024, at a CAGR 5.89% to reach USD 1,034.44 billion by 2030.The forestry and wood is concerned with forestry, timber trade, logging, and the production of primary forest products, including furniture and secondary products like wood pulp for the paper industry. Trade in forest products has increased, especially in processed wood products such as sawn timber, board, pulpwood, and wood-based panels. Increasing trades and exports of forest and wood products worldwide and rising utilization of forestry and wood products in construction, paper, and artworks are surging the market growth. However, the availability of low-cost substitutes for forest and wood products and concerns associated with environmental safety coupled with strict government norms for deforestation are restraining market growth. On the other hand, the development of advanced technologies to trace and track the transportation of wood products increases transparency in the supply chain and combat illegal logging using technology such as GPS tracking, blockchain, and digital databases. Emerging technologies such as thermal modification, acetylation, and lignin modification for wood modification and functionalization to extend carbon storage and capture CO2 aid in making wood products more durable and long-lasting.Regional InsightsForestry and the wood are evolving in the Americas, EMEA, and APAC countries owing to the significant growth in furniture, construction, shipbuilding, paper & pulp industries. According to the American Forest & Paper Association (AF&PA), the United States forest products industry manufactures almost USD 300 billion products annually and employs about 1 million workers. The continuous improvements in harvest action areas have positively impacted the EMEA region's forestry and wood production. The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to market players implementing tracking and tracing technologies. The market players in the region are expanding their production capabilities of primary and secondary wood production as African countries harbor valuable forest resources. The Asian economies are massive exporters of wood-based products, which have strengthened the regions’ demand for forestry and wood products in past years. Asia-Pacific region is showing high growth owing to the increasing use of wood and forestry products in the construction sector to fulfill customer demand needs with the rising population. Moreover, the increasing investments in wood industries and expanding wood products manufacturing sector are expected to bolster the demand for forestry and wood in forecast period.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Forestry & Wood Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Forestry & Wood Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Forestry & Wood Market, highlighting leading vendors and their innovative profiles. These include Binderholz GmbH, Canfor Corporation, Celulosa Arauco y Constitución S.A., FRITZ EGGER GmbH & Co. OG, Georgia-Pacific LLC by Koch Industries, Inc., Hampton Lumber, Holmen AB, Hood Industries, Inc., Interfor Corporation, Klabin S.A., Louisiana-Pacific Corporation, Metrie Inc., Moelven Industrier ASA, NewTechWood America, Inc., Oji Holdings Corporation, Pfeifer Holding GmbH, Resolute Forest Products by Paper Excellence, Roseburg Forest Products Co., Sappi Limited, Sierra Pacific Industries, Stella-Jones, Stora Enso Oyj, Sumitomo Forestry Co., Ltd., Svenska Cellulosa Aktiebolaget SCA, Tolko Industries Ltd., UFP Industries, Inc., UPM-Kymmene Corporation, West Fraser Timber Co. Ltd., Western Forest Products, Weyerhaeuser Company, and Woodgrain.

Market Segmentation & Coverage



This research report categorizes the Forestry & Wood Market to forecast the revenues and analyze trends in each of the following sub-markets:

Wood Type
Hardwood
Ash Walnut

Brich

Cherry

Mahogany

Maple

Oak

Poplar

Teak
Softwood
Cedar

Fir

Pine

Redwood

Spruce
Products
Recoverable Wood Products
Sawnwood
Secondary Wood Products
Veneer Sheets
Wood Charcoal
Wood Chips & Particles
Wood Fuel
Wood Pellets & Agglomerates
Wood Pulp & Cork
Wood Residues
Wood Wool & Flour
Wood-Based Panels
Application
Commercial
Industrial
Residential
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Forestry & Wood Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Forestry & Wood Market?
3. What are the technology trends and regulatory frameworks in the Forestry & Wood Market?
4. What is the market share of the leading vendors in the Forestry & Wood Market?
5. Which modes and strategic moves are suitable for entering the Forestry & Wood Market?

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