Forestry And Logging Market To Reach $584.7 Billion By 2023 Growing at a CAGR of 3.5% | Covid 19 Implications And Growth

Forestry And Logging Market: Covid 19 Implications And Growth - By Type Of Product (Logging Products, Timber Services, Forest Products) Competitive Landscape, And By Region, Opportunities And Strategies – Global Forecast To 2035 By The Business Research Company

The global forestry and logging products market reached a value of nearly $509.8 billion in 2019, having declined at a compound annual growth rate (CAGR) of -0.1% since 2015. Market size in the historic period was supported by the growth in residential construction activity, and strong economic growth in emerging markets. Factor that negatively affected growth in the historic period was forest fires. The market is expected to grow at a CAGR of 3.5% to nearly $584.7 billion by 2023.

The key drivers of the forestry and logging products market include:-
Growth In Residential Construction Activity:
Increase in residential construction activity, during the historic period has contributed significantly to the growth of the market. With an increase in the global population, there has been an increased demand for housing, thus aiding the growth of the residential construction market. In addition to this, governments of developing countries such as India and Brazil have been investing in residential construction in order to provide affordable housing for all, thus driving the forestry and logging products market. In 2015, the government of India announced its decision to provide housing for all the urban poor by the 2022.

Browse Complete Report @ https://www.thebusinessresearchcompany.com/report/forestry-and-logging-products-market

The forestry and logging products market is segmented by type, and by geography.
By Type - The forestry and logging products market can be segmented by type into
a) Logging Products
b) Timber Tract Operations
c) Forest Nurseries and Gathering of Forest Products
The logging products market was the largest segment of the forestry and logging products market in 2019 at 89.9%. The timber tract operations market is expected to be the fastest-growing segment going forward at a CAGR of 7.9%.

Request For A Sample Copy Of This Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2150&type=smp

By Geography - The forestry and logging products market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in forestry and logging products market are
• Weyerhaeuser Company
• China Forestry Group Corporation
• Rayonier Inc.
• PotlatchDeltic Corporation
• Forestry Corporation of NSW

Place a DIRECT PURCHASE ORDER of entire 260+ pages report @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2150

Contact Information:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Blog: http://blog.tbrc.info/

About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.