Forestry and Logging

Forestry and Logging

Global Forestry and Logging Market to Reach US$404.2 Billion by 2030

The global market for Forestry and Logging estimated at US$305.2 Billion in the year 2023, is expected to reach US$404.2 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2023-2030. Logging, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$316.9 Billion by the end of the analysis period. Growth in the Timber Tract Operations segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$81.4 Billion While China is Forecast to Grow at 7.5% CAGR

The Forestry and Logging market in the U.S. is estimated at US$81.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$90.9 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Global Forestry and Logging Market - Key Trends & Drivers Summarized

What Constitutes the Forestry and Logging Industry?

The forestry and logging industry is pivotal in managing forest resources for wood production and ecosystem services. This sector encompasses the cultivation, management, and harvesting of forests for timber, which is used in various applications including construction, paper manufacturing, and furniture production. Sustainable practices are integral to the industry, ensuring that forest resources regenerate and continue to provide not only wood but also essential ecological functions such as carbon sequestration, water regulation, and habitat provision. Companies in this sector operate under strict environmental regulations to mitigate impacts on biodiversity and prevent deforestation, making sustainable forest management (SFM) practices a cornerstone of modern forestry and logging operations.

How Do Global Economic Trends Influence the Forestry Sector?

The global demand for wood products directly influences the forestry and logging industry. Economic growth drives construction and manufacturing, which in turn boosts demand for timber. Additionally, trends towards sustainable and eco-friendly building materials have heightened the demand for wood, considered a renewable resource when harvested responsibly. Conversely, economic downturns can lead to decreased demand, affecting timber prices and production levels. The industry is also subject to fluctuations in global trade policies, which can impact export opportunities, particularly in timber-producing countries that rely heavily on foreign markets.

What Technological Innovations Are Reshaping Forestry and Logging?

Technological advancements are transforming the forestry and logging sector by improving efficiency and sustainability. GPS and GIS technologies are now commonly used for precise mapping and inventory management, allowing for more strategic planning and resource allocation. Automation in harvesting operations, through the use of harvester machines and forwarders, has increased productivity while reducing human labor costs and safety risks. Additionally, drones are being employed for aerial surveys to monitor forest health, growth rates, and compliance with environmental standards. These technologies not only enhance operational efficiency but also aid in adhering to sustainable forestry practices by minimizing waste and environmental impact.

What Are the Primary Growth Drivers for the Forestry and Logging Market?

The growth in the forestry and logging market is driven by several factors, including global economic growth, technological advancements, and increasing environmental awareness. The expanding construction industry, particularly in emerging economies, significantly boosts demand for wood for building and infrastructure projects. Technological innovations that improve yield and efficiency also support market growth by reducing costs and enhancing sustainable practices. Furthermore, the rising trend towards green consumerism encourages the use of wood as an eco-friendly, renewable resource, promoting growth in sustainably managed forests and certified wood products. Additionally, governmental policies aimed at promoting sustainable land use and forest conservation contribute to the expansion of the sector by supporting responsible forestry practices that ensure long-term resource availability.

Select Competitors (Total 72 Featured) -

• Canfor Corporation
• Interfor Corporation
• Olam International Ltd.
• PotlatchDeltic Corporation
• Rayonier, Inc.
• Resolute Forest Products
• Sierra Pacific Industries
• Stora Enso Oyj
• West Fraser Timber
• Weyerhaeuser Company;

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