Global Wood Processing Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Wood Processing Market Report by The Business Research Company covers wood processing market drivers and restraints, wood processing market size, major players, and the impact of COVID-19 on the wood processing market.
The wood processing market consists of sales of processed wood by entities (organizations, sole traders and partnerships) that saw dimension lumber, boards, beams, timbers, poles, ties, shingles, shakes, siding, and wood chips from logs or bolts. This industry also includes establishments that treat planed, sawed and shaped wood with creosote or other preservatives such as alkaline copper quat, copper azole, and sodium borates, to prevent decay and to protect against fire and insects. The wood processing market is segmented into sawmills and wood preservation.
The wood processing market is expected to benefit from steady economic growth forecasted for many developed and developing countries.
The global wood processing market is expected to grow from $128.92 billion in 2020 to $140.47 billion in 2021 at a compound annual growth rate (CAGR) of 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $179.7 billion in 2025 at a CAGR of 6%.
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Some wood processing market trends include the increasing demand for supply chain transparency and stringent government regulations on the wood industry leading to the implementation of tracking and tracing technologies. Many wood companies are implementing their own tracking systems to maintain transparency in their timber supply chain. Electronic tracking is being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used.
Global wood processing market segments include:
1) By Type: Sawmills, Wood Preservation.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global wood processing market share.
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The Wood Processing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides wood processing market overviews, analyzes and forecasts market size, share, wood processing market players, wood processing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The wood processing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Wood Processing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Weyerhaeuser Company, West Fraser Timber Co Ltd, Canfor Corporation, Svenska Cellulosa Aktiebolaget, Interfor Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Wood Processing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Wood Processing Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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