The Global Forestry And Logging Market Was Valued At $372 Billion In 2017 According To TBRC’s Latest Report

The forestry and logging market include establishments involved in growing, cutting and transporting of timber, operations of timber tract, growing trees for reforestation and collecting forest products such as gums, barks, and fibres. This industry grows and harvests timber on a long production cycle (10 years or more) which uses different production processes than short production cycles. It requires more horticultural interventions before the harvest which results in processes more alike to those found in the crop production subsector.

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The market was valued at $372 billion in 2017, and it is expected to be driven by increasing consumption of wood and wood based products. Asia Pacific was the largest geographic region in 2017, accounting for almost half of the market share.

The forestry and logging sector in The Business Research Company’s report is divided into two segments: logging, and timber services.

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China was the largest country in forestry and logging market in 2017, accounting for near about half of the market share.

The top five competitors in the market are Forestry Corporation, Hancock Victorian Plantations, Weyerhaeuser, Scottish Woodlands Ltd, and Tilhill Forestry Ltd. Forestry Corporation was the largest player in 2017, with revenues of $370 million. Forestry Corporation of New South Wales plants, manages, markets, and delivers timber products to the timber manufacturing sector all around the world. It manages commercial native forests and plantation forests for hardwood and softwood production. The company is headquartered in West Pennant Hills, Australia.

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