Best Prospects In The Global Wood Products Market And Strategies For Growth – Includes Wood Products Market Analysis
The Business Research Company’s report goes into great detail on the wood products market size and growth, wood products market regional analysis, wood products market competitive landscape, and other critical information needed to excel in the wood products industry.
Major players in the wood products market include Weyerhaeuser Company, West Fraser Timber Co Ltd, Canfor, Celulosa Arauco y Constitución, Interfor
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The wood products market size is expected to grow from $0.76 trillion in 2020 to $1.18 trillion in 2025 at a rate of 9.3%. The wood products market size is then expected to grow at a CAGR of 7.4% from 2025 and reach $1.69 trillion in 2030.
Asia Pacific was the largest region in the global wood products market, accounting for 38.7% of the total in 2021.
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.
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.
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 global wood products market report is segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Wood Products Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the wood products market globally and regionally, analyzes and forecasts market size, share, wood products market players, wood products market segments, leading competitor revenues, profiles and market shares.
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