The Wood Products by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with insights from The Business Research Company, the Wood Products market has experienced robust growth, surging from $750.14 billion in 2024 to an anticipated $805.03 billion in 2024, reflecting an impressive compound annual growth rate (CAGR) of 7.3%. This expansion in the historical period is attributable to the flourishing growth of emerging markets, coupled with low interest rates, a global population upsurge, heightened demand for cruise ships, and a surge in residential construction activity.
Projections for the forthcoming years indicate a continued upward trajectory, with the market set to reach $1054.43 billion by 2028, exhibiting a CAGR of 7.0%. This anticipated growth stems from persistent momentum in emerging markets, sustained low interest rates, global population expansion, amplified demand for cruise ships, and an upswing in residential construction activity.
Key trends in this forecasted period encompass the integration of tracking and tracing technology to bolster credibility among stakeholders. Additionally, there is a notable shift towards employing biodegradable chemicals for wood preservation and adopting computer-aided manufacturing technologies to enhance plant productivity and efficiency. The industry is steering away from wood obtained from endangered trees, opting instead to offer customized engineered wood products, aligning with the escalating focus on sustainability.
The wood products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth reached 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during forecast period.
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The wood products market covered in this report is segmented –
1) By Type: Finished Wood Products, Wood Processing, Manufactured Wood Materials
2) By Distribution Channel: Offline, Online
3) By Application: Residential, Commercial
Top 5 Major Players:
Moreover, the sector is embracing automation and robotics technologies to optimize production efficiency. Simultaneously, a dedicated focus is being placed on incorporating advanced techniques in harvesting logs to increase wood volume while minimizing residual damage. The growing emphasis on supply chain transparency, coupled with stringent governmental regulations, has propelled the widespread adoption of tracking and tracing technologies within the wood industry. Companies are increasingly implementing electronic tracking systems, with radio-frequency identification chips, barcodes, and advanced traceability software gaining prevalence over traditional paper-based methods.
A pertinent example is the Forest Stewardship Council (FSC), a prominent non-profit organization, which has pioneered the development of an Online Claims Platform. This platform serves to furnish timely information about FSC-certified products and the companies responsible for their production, fostering a digital connection between FSC-certified suppliers and discerning customers. This proactive approach ensures transparency and accountability in the timber supply chain, aligning with the growing demand for ethical and sustainable practices within the wood products industry.
1. Executive Summary
2. Wood Products Market Characteristics
3. Wood Products Product/Service Analysis -Product/Service Examples
4. Wood Products Market Trends And Strategies
5. Wood Products Market – Macro Economic Scenario
…..
68. Global Wood Products Market Competitive Benchmarking
69. Global Wood Products Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Wood Products Market
71. Wood Products Market Future Outlook and Potential Analysis
72. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Wood Products Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Wood Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Wood Products Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 144: Weyerhaeuser Company, West Fraser Timber Co Ltd, Canfor,Celulosa Arauco y Constitución, Interfor. Financial Performance
Table 145: Syktyvkar Plywood Mill LTD Financial Performance
Table 146: Boise Cascade Company Financial Performance
Table 147: RSH Forest Products Financial Performance
Table 148: Georgia-Pacific Corporation Financial Performance
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