Learn about the global wood products market through The Business Research Company, which provides information on wood products market size, wood products market drivers and restraints, wood products market players, the COVID-19 impact on the wood products market, and more.

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The global wood products market is expected to grow from $624.2 billion in 2020 to $666.3 billion in 2021 at a compound annual growth rate (CAGR) of 6.%.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 $866.3 billion in 2025 at a CAGR of 7%.

The wood products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries.

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The wood products market consists of sales of wood products by entities (organizations, sole traders and partnerships) that produce products derived from wood. This industry includes businesses that produce lumber, plywood, veneers, wood containers, wood flooring, wood trusses, produced homes and prefabricated wooden buildings. Wood products production include sawing, planning, shaping, laminating, and assembling of wood products into bolts or lumber.

Global Wood Products Market Segments Include:

By Type: Finished Wood Products, Wood Processing, Manufactured Wood Materials

By Application: Residential, Commercial

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global wood products market, accounting for 39% of the market in 2020.

The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to the implementation of tracking and tracing technologies .Many wood companies have implemented 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.

TBRC’s wood products market report covers:

Major Market Players: Georgia-Pacific Corporation, Weyerhaeuser Company, West Fraser Timber Co Ltd, Andersen Corporation, Celulosa Arauco y Constitución.

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)

The Wood Products 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 products market overviews, analyses and forecasts market size, share, wood products market players, wood products market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s wood products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Gum And Wood Chemicals Global Market Report 2021

Finished Wood Products Global Market Report 2021

Woodworking And Paper Machinery Global Market Report 2021

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