The wood bio-products global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Wood Bio-Products Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The wood bio-products market size has grown rapidly in recent years. It will grow from $254.22 billion in 2023 to $279.96 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to growing demand for sustainable and eco-friendly products, government support for the development of wood bio-products, increasing awareness of the environmental benefits of using manufactured wood products, increasing research and development activities.
The wood bio-products market size is expected to see strong growth in the next few years. It will grow to $392.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing demand for furniture and flooring products, geographic expansion, increasing investments in the wood bio-products, environmental awareness. Major trends in the forecast period include advanced wood conversion technologies, biorefinery development, technological innovation, collaboration and partnerships, sustainability initiatives.
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Scope Of Wood Bio-Products Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Wood Bio-Products Market Overview
Market Drivers –
The growing demand for furniture and flooring products is expected to propel the growth of the wood bio-products market going forward. Furniture and flooring products encompass interior furnishings like chairs, tables and sofas and materials for covering floors, such as hardwood, laminate and carpet, contributing to the aesthetic and functional aspects of interior spaces. Wood bio-products offer environmentally friendly furniture and flooring materials that contribute to sustainability and reduce reliance on traditional materials. The use of wood bio-products for furniture and flooring maintenance also promotes a natural and beautiful finish. For instance, in August 2023, according to the U.S. Census Bureau, a US-based government agency, retail sales in furniture and home furnishings solutions increased to $12.53 billion in January 2023 from $11.73 billion in January 2021. Therefore, the growing demand for furniture and flooring products will drive the growth of the wood bio-products market.
Market Trends –
Major companies operating in the wood bio-products market are innovating environmentally responsible packaging solutions through creative designs and materials, aiming to minimize ecological impact, reduce waste and meet the increasing demand for sustainable packaging options. For instance, in November 2021, Stora Enso Oyj, a Finland-based company specializing in wood bioproducts, introduced a new portfolio of bio-based foams derived from wood, expanding its packaging offerings. The two foams, Fibrease and Papira, are fully recyclable, climate-friendly and renewable alternatives to fossil-based packaging materials. These wood foams provide cushioning and insulation for various packaging needs, including protecting fragile goods and providing thermal packaging for temperature-sensitive products. Fibrease can replace polyurethane and polystyrene, while Papira offers a plastic-free alternative to polymeric foams like polyethylene.
The wood bio-products market covered in this report is segmented –
1) By Product Type: Biofuels; Bioplastics; Biochemicals; Biocomposites; Pulp And Papers
2) By Distribution Channel: Offline; Online
3) By Application: Energy; Packaging; Construction; Automotive; Chemicals
4) By End Use Industry: Residential; Commercial; Industrial; Infrastructure; Other End Use Industries
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Regional Insights –
Asia-Pacific was the largest region in the wood bio-products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in wood bio-products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major players in the wood bio-products market are Stora Enso Oyj, UPM-Kymmene Oyj, Weyerhaeuser Company, West Fraser Timber Co. Ltd., Suzano S.A., UFP Industries Inc., Drax Group PLC, Georgia-Pacific LLC, Mondi Group, Sappi Limited, Canfor Corporation, Arauco Wood Products Inc., JELD-WEN Holding Inc., Domtar Corporation, BillerudKorsnäs AB, Metsä Group, Ekman & Co AB, Holmen AB, Kruger Inc., Enviva Partners LP, Södra Skogsägarna ekonomisk förening, Borregaard ASA, HS Timber Group GmbH, Verdo Renewables Ltd., Bio Diversity LLC.
Table of Contents
- Executive Summary
- Wood Bio-Products Market Report Structure
- Wood Bio-Products Market Trends And Strategies
- Wood Bio-Products Market – Macro Economic Scenario
- Wood Bio-Products Market Size And Growth
…..
- Wood Bio-Products Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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