Global Wood Products Market Outlook, Opportunities And Strategies – Includes Wood Products Market Analysis
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.
The wood products market is expected to grow from $0.76 trillion in 2020 to $1.19 trillion in 2025 at a rate of 9.3%. The global wood products market size is then expected to grow at a CAGR of 7.4% from 2025 and reach $1.70 trillion in 2030.
Wood used as a building material is increasing due to numerous advantages of wood buildings over concrete buildings, thus driving the market for wood products.
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The wood products market consists of sales of wood products by entities (organizations, sole traders and partnerships) that produce or make products derived from wood. This industry includes establishments that produce lumber, plywood, veneers, wood containers, wood flooring, wood trusses, prefabricated homes and prefabricated wooden buildings. Production of wood products include sawing, planning, shaping, laminating, and assembling of wood products into bolts or lumber. The wood products market is segmented into finished wood products; wood processing and manufactured wood materials.
By Type: Finished Wood Products, Wood Processing, Manufactured Wood Materials
By Finished Wood Products: Millwork, Wood Pallets and Skids, Prefabricated Home And Other Finished Wood Products
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 38.7% of the total in 2021.
The increasing demand for supply chain transparency in the wood industry has led to the implementation of tracking and tracing technologies. Many wood companies are implementing their own tracking systems to maintain transparency in their wood supply chain. Electronic tracking is being adopted by the 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: Weyerhaeuser Company, West Fraser Timber Co Ltd, Canfor, Celulosa Arauco y Constitución, Interfor
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 (2016-21) and ten years forecast (2022-2026-2031)
The Wood Products Market Report 2022 is one of a series of new reports from The Business Research Company that provides wood products market overviews, analyzes 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.
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