Forestry And Logging Market Size, Trends, Outlook, Growth Demand, Insights, Overview 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Forestry And Logging Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1607.52 billion In 2028 At A CAGR Of 8.4% :

The forestry and logging market size has grown strongly in recent years. It will grow from $1072.53 billion in 2023 to $1163.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to growth in residential construction activity, increasing demand for cruise ships, increased demand for tissue and paper products and economic growth.

The forestry and logging market size is expected to see strong growth in the next few years. It will grow to $1607.52 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increasing construction of wooden buildings, adoption of automated forestry management, increasing use of biomass and increasing demand for wooden furniture. Major trends in the forecast period include focus on reforestation, incorporating new and improved techniques in harvesting logs, using big data to detect the best time for logging and transport and involving drones for forest management.

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Forestry And Logging Market Major Segments
The forestry and logging market covered in this report is segmented -

1) By Type: Logging, Timber Tract Operations, Forest Nurseries and Gathering of Forest Products
2) By Offering: Hardware, Software, Services
2) By Application: Construction, Insutrial Goods, Other Applications

Key Driver - Rising Demand For Wood In Construction For Forestry And Logging Market

Wood use as a building material is increasing due to the numerous advantages of wood buildings over concrete buildings, thus driving the market for forestry and logging producers. Presently, the building industry is causing 25% of the greenhouse gas emissions globally and therefore the concept of green building construction has evolved, which is expected to reduce CO2 emissions and store carbon. Also, constructing buildings with wood will produce very little waste and can be constructed quickly when compared to a concrete building. For instance, in December 2022, according to the Natural Resources Institute, a Finland-based government office, total round wood use in Finland in 2021 was 85.2 million cubic meters, a 9% rise from 2020. Furthermore, the number of by-products and other types of wood waste used was 27.7 million cubic meters, which is an increase of 17% over the previous year. Therefore, increasing wood use as a building material is driving the market for forestry and logging producers.

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Prominent Trend - Advancements In Forest Logging Methods For Forestry And Logging Market

Advanced techniques in forest logging methods have improved safety, fibre utilization, environmental protection, and productivity with minimum damage to residual trees. The different improved methods of logging are harvester/forwarder systems, cable harvesting systems, and helicopter logging. Harvester or forwarder types of logging are most common in northern and central Europe, and their use is expected to increase in the future due to their economic, ergonomic, and ecological advantages over motor/manual (saw/skidding) harvesting. Cable harvesting is used in mountainous regions, whereas helicopter logging is popular in environmentally constrained and remote areas. According to a recent study, improved logging operations result in a 30% increase in wood volume, and damage to residual trees can be reduced to 20%. For instance, Markit! Forestry Management has employed helicopter logging for some portions of the Dry Lake Hills area as transport of logs, lumber, and felled trees was difficult due to the steep slope of the land.

Forestry And Logging Market Players
Major companies operating in the forestry and logging market report are Weyerhaeuser Company, China Forestry Group Corporation, Rayonier Inc., PotlatchDeltic Corporation, Forestry Corporation of NSW, Washington State Department of Natural Resources, Jilin Forest Industry Co., Ltd., Tilhill Forestry, Pope Resources, A Delaware Limited Partnership, CatchMark Timber Trust, Inc., HVP Plantations, China Longjiang Forest Industry, China Inner Mongolia Forestry Industry Group, Greater Khingan Mountains Forestry Group, China Jilin Forestry Industry Group Co., Ltd., Singla Timbers, Oji Group, EGGER Limited, RTS Forestry, James Jones and Sons Limited, Metsähallitus Forestry Ltd, ATA Timber, Bergs Timber AB, Scottish Woodlands Ltd, Holmen Timber, BSW Timber, Titan group, Timberwood, Russia Forest Products, LST a.s., Wotan Forest, a.s., UNILES Inc., Segezha Group, SORT-1, LLC, KPPD-Szczecinek SA, Sawmill Radom, Ilim Timber LLC, Hancock Timber Resource Group, RSH Forest Products, Sierra Pacific, Benevides Madeiras, Duratex, Fibria Celulose, Klabin, Suzano Papel e Celulose, Daco Parquet Factory AS, Kartonsan, Balci Orman Urunleri, Merensky, Safcol, Miro Forestry and Timber Products, United Forest Products, Chukifywood, Firstcut International, Royal Castle Trading Enterprises, Chrischeriss Global Services Ltd.

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Largest And Fastest Growing Region In The Market
The Asia-Pacific was the largest region in the forestry and logging market in 2023. North America was the second-largest region in the forestry and logging market. The regions covered in the forestry and logging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Forestry And Logging Market Report Structure
3. Forestry And Logging Market Trends And Strategies
4. Forestry And Logging Market - Macro Economic Scenario
5. Forestry And Logging Market Size And Growth
…..
27. Forestry And Logging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. AppendiX

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