Overview and Scope
Forestry is the science of managing, planting, using, conserving, and repairing forests and associated resources for human and environmental benefit. Logging is the process of cutting, processing, and transporting trees.
Sizing and Forecast
The forestry and logging market size has grown strongly in recent years. It will grow from $1072.53 billion in 2023 to $1163.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to growth in residential construction activity, increasing demand for cruise ships, increased demand for tissue and paper products and economic growth.
The forestry and logging market size is expected to see strong growth in the next few years. It will grow to $1607.52 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increasing construction of wooden buildings, adoption of automated forestry management, increasing use of biomass and increasing demand for wooden furniture. Major trends in the forecast period include focus on reforestation, incorporating new and improved techniques in harvesting logs, using big data to detect the best time for logging and transport and involving drones for forest management.
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Segmentation & Regional Insights
The forestry and logging market covered in this report is segmented –
1) By Type: Logging, Timber Tract Operations, Forest Nurseries and Gathering of Forest Products
2) By Offering: Hardware, Software, Services
2) By Application: Construction, Insutrial Goods, Other Applications
The Asia-Pacific was the largest region in the forestry and logging market in 2023. North America was the second-largest region in the forestry and logging market. The regions covered in the forestry and logging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Wood use as a building material is increasing due to the numerous advantages of wood buildings over concrete buildings, thus driving the market for forestry and logging producers. Presently, the building industry is causing 25% of the greenhouse gas emissions globally and therefore the concept of green building construction has evolved, which is expected to reduce CO2 emissions and store carbon. Also, constructing buildings with wood will produce very little waste and can be constructed quickly when compared to a concrete building. For instance, in December 2022, according to the Natural Resources Institute, a Finland-based government office, total round wood use in Finland in 2021 was 85.2 million cubic meters, a 9% rise from 2020. Furthermore, the number of by-products and other types of wood waste used was 27.7 million cubic meters, which is an increase of 17% over the previous year. Therefore, increasing wood use as a building material is driving the market for forestry and logging producers.
Key Industry Players
Major companies operating in the forestry and logging market report are Weyerhaeuser Company, China Forestry Group Corporation, Rayonier Inc., PotlatchDeltic Corporation, Forestry Corporation of NSW, Washington State Department of Natural Resources, Jilin Forest Industry Co., Ltd., Tilhill Forestry, Pope Resources, A Delaware Limited Partnership, CatchMark Timber Trust, Inc., HVP Plantations, China Longjiang Forest Industry, China Inner Mongolia Forestry Industry Group, Greater Khingan Mountains Forestry Group, China Jilin Forestry Industry Group Co., Ltd., Singla Timbers, Oji Group, EGGER Limited, RTS Forestry, James Jones and Sons Limited, Metsähallitus Forestry Ltd, ATA Timber, Bergs Timber AB, Scottish Woodlands Ltd, Holmen Timber, BSW Timber, Titan group, Timberwood, Russia Forest Products, LST a.s., Wotan Forest, a.s., UNILES Inc., Segezha Group, SORT-1, LLC, KPPD-Szczecinek SA, Sawmill Radom, Ilim Timber LLC, Hancock Timber Resource Group, RSH Forest Products, Sierra Pacific, Benevides Madeiras, Duratex, Fibria Celulose, Klabin, Suzano Papel e Celulose, Daco Parquet Factory AS, Kartonsan, Balci Orman Urunleri, Merensky, Safcol, Miro Forestry and Timber Products, United Forest Products, Chukifywood, Firstcut International, Royal Castle Trading Enterprises, Chrischeriss Global Services Ltd.
The forestry and logging market report table of contents includes:
1. Executive Summary
2. Forestry And Logging Market Characteristics
3. Forestry And Logging Product/Service Analysis -Product/Service Examples
4. Forestry And Logging Market Trends And Strategies
5. Forestry And Logging Market – Macro Economic Scenario
…
68. Global Forestry And Logging Market Competitive Benchmarking
69. Global Forestry And Logging Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Forestry And Logging Market
71. Forestry And Logging Market Future Outlook and Potential Analysis
72. Appendix
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