The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The numerous advantages of wood buildings over concrete buildings are driving innovation in forestry and logging manufacturing, thus driving the market during the forecast period.

The global forestry and logging market is expected to grow from $981.76 billion in 2022 to $1083.25 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The forestry and logging market is expected to grow to $1600.41 billion in 2027 at a CAGR of 10.2%.

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Global Forestry And Logging Market Segments Include:

• By Type: Logging, Timber Tract Operations, Forest Nurseries and Gathering of Forest Products
• By Offering: Hardware, Software, Services
• By Application: Construction, Insutrial Goods, Other Applications
• 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 is the largest region in the global forestry and logging market in 2021.

Major Market Players in the forestry and logging market include Olam International, Resolute Forest Products Inc., Rayonier Inc., Weyerhaeuser Company, Stora Enso Oyj, PotlatchDeltic Corporation.

Advanced techniques in forest logging methods have improved safety, fibre utilisation, environmental protection, and productivity with minimum damage to residual trees. Improved logging methods include harvester/forwarder systems, cable harvesting systems, and helicopter logging. Harvester or forwarder logging is most common in northern and central Europe, and its use is expected to grow in the future due to economic, ergonomic, and environmental advantages over motor/manual (saw/skidding) harvesting. In mountainous areas, cable harvesting is used, whereas helicopter logging is popular in environmentally sensitive and remote areas. According to a recent study, improved logging operations result in a 30% increase in wood volume and a 20% reduction in damage to residual trees. Markit! Forestry Management, for example, has used helicopter logging in some parts of the Dry Lake Hills area because transporting logs, lumber, and felled trees was difficult due to the steep slope of the land.

The Forestry And Logging Global Market Report 2023  provides a forestry and logging market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The forestry and logging market forecast analyzes forestry and logging market size, forestry and logging market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The science of managing, planting, using, conserving, and repairing forests and associated resources for human and environmental benefit is known as forestry. The process of cutting, processing, and transporting trees is known as logging.

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