The Business Research Company’s Wood Processing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Wood Processing Global Market Report 2023 evaluates wood processing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global wood processing market is poised for substantial growth, exhibiting promising figures in its trajectory. As of 2027, the market boasts a valuation of $195.18 billion, driven by a commendable Compound Annual Growth Rate (CAGR) of 6.4%. Looking forward, it is projected to maintain its growth momentum with a CAGR of 6.2%, reaching a remarkable valuation of $264.14 billion by 2032.
A pivotal driver of this growth story is the burgeoning concern surrounding global warming and climate change. These critical environmental issues have led to a paradigm shift in consumer preferences, particularly in the realm of furniture. The world is witnessing a remarkable surge in the demand for eco-friendly furniture options, compelling manufacturers to explore sustainable and environmentally conscious materials. This shift towards eco-friendliness has not only resonated with environmentally conscious consumers but has also provided wooden furniture manufacturers with a distinct competitive advantage. This transformation has redefined the wood processing market, aligning it with the broader environmental objectives of society.
The COVID-19 pandemic has also played a noteworthy role in shaping the landscape of the wood processing market. As businesses across the globe embraced the work-from-home culture, there arose an unprecedented demand for furniture. In India, for instance, the work-from-home furniture market is poised for remarkable growth, with an anticipated CAGR of 12.91% from 2016 to 2023. This surge is reflective of the evolving lifestyle and work patterns, underpinning the resilience of the furniture sector, which, in turn, fuels the expansion of the wood processing market.
In tandem with the heightened environmental consciousness, the consumer appetite for modular and aesthetically pleasing furniture is driving demand across rural and urban landscapes alike. This trend has not only transformed the wood processing market but has also inspired innovation in the design and construction of wooden furniture. For example, BecoStay, a pioneering rental startup, introduced eco-friendly homes furnished exclusively with 100% wooden furniture in 2020. In the United States, Greenington, a renowned furniture company, has embarked on a mission to offer elegant and eco-friendly outdoor furniture crafted entirely from solid bamboo, signaling a transformative shift in the industry’s approach to sustainable practices.
These developments underscore the pivotal role of environmental awareness and consumer preferences in steering the wood processing market towards a promising future. The convergence of ecological consciousness and design aesthetics holds the potential to reshape the wood processing landscape, offering a wealth of opportunities for stakeholders in the years ahead.
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The wood processing market segments in the report are:
1) By Type: Sawmills; Wood Preservation
2) By Formulation: Residential; Commercial And Industrial; Infrastructural; Other End-User Industries
The table of contents in TBRC’s wood processing market report includes:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
…
25. Market Background: Wood Products Market
26. Opportunities And Strategies
27. Wood Processing Market, Conclusions And Recommendations
28. Appendix
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