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Wood Products Market Share, Growth Forecast Global Industry Outlook 2023 - 2032 | Weyerhaeuser Company, LIXIL Group, UFP Industries Inc., JELD-WEN Inc., West Fraser Timber Co. Ltd.
Wood Products Market
As per the Wood Products market report by The Business Research Company, Faster Economic Growth - The wood products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth reached 3.3% in 2021 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth.
The global wood products market grew from $696.78 billion in 2022 to $748.01 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wood products market is expected to grow to $964.41 billion in 2027 at a CAGR of 6.6%.
Read More On The Wood Products Market Report Here:
https://www.thebusinessresearchcompany.com/report/wood-products-global-market-report
Major competitors in the Wood Products market include Weyerhaeuser Company, LIXIL Group, UFP Industries Inc., JELD-WEN Inc., West Fraser Timber Co. Ltd., Canfor Corporation, CELULOSA ARAUCO Y CONSTITUCIÓN S.A., Louisiana-Pacific Corporation, upm-kymmene oyj and Builders FirstSource.
The Wood Products market is segmented -
1) By Type: Finished Wood Products, Wood Processing, Manufactured Wood Materials
2) By Application: Residential, Commercial
3) By Distribution Channel: Offline, Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Wood Products market.
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Wood products refer to a collective term for all the goods and furniture manufactured from wood, including tables, chairs, beds, sofas, countertops, cutting boards, and other products.
The main types of wood products are finished wood products, wood processing, and manufactured wood materials. Wood processing is a technical discipline that includes the manufacture of forest goods including pulp and paper, building components, and tall oil. The different applications include residential and commercial. The products are distributed through offline and online channels.
The Table Of Content For The Wood Products Market Include:
1. Executive Summary
2. Report Structure
3. Wood Products Market Characteristics
4. Wood Products Market Product Analysis
5. Wood Products Market Supply Chain
.....
22. Key Mergers And Acquisitions In The Wood Products Market
23. Market Background: Paper, Plastics, Rubber, Wood And Textile Manufacturing Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
The "Global Wood Products Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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