Wood Products Market Shares, Growth Analysis, Key Insights, Size And Forecast To 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.

Wood Products 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 $1054.43 billion In 2028 At A CAGR Of 7.0% :

The wood products market size has grown strongly in recent years. It will grow from $750.14 billion in 2023 to $805.03 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to strong emerging markets growth, low interest rates, growth in world population, increasing demand for cruise ships and growth in residential construction activity.

The wood products market size is expected to see strong growth in the next few years. It will grow to $1054.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to strong emerging markets growth, low interest rates, growth in world population, increasing demand for cruise ships and growth in residential construction activity. Major trends in the forecast period include implementing tracking and tracing technology to enhance its credibility among its stakeholders, using biodegradable chemicals for wood preservation, deploying computer aided manufacturing technologies to increase plant productivity and efficiency, avoid using wood obtained from harvesting endangered trees, offer customized engineered wood products to cater to the increasing focus towards sustainability, integrate automation and robotics technologies to enhance production efficiency and focus on incorporating new and improved techniques in harvesting logs to increase wood volume with less residual damage.

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Wood Products Market Major Segments
The wood products market covered in this report is segmented -

1) By Type: Finished Wood Products, Wood Processing, Manufactured Wood Materials
2) By Distribution Channel: Offline, Online
3) By Application: Residential, Commercial

Key Driver - Steady Economic Growth Boosting The Wood Products Manufacturing Market

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 2020 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 US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during forecast period.

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Prominent Trend - Adoption Of Tracking And Tracing Technologies In The Wood Industry

The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to the implementation of tracking and tracing technologies. Many wood companies have implemented their own tracking systems to maintain transparency in their timber supply chain. Electronic tracking is being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used. For instance, the Forest Stewardship Council, a leading non-profit organization has developed Online Claims Platform for providing timely information about the FSC's products and the companies that produce them for free of charge to FSC Certificate holders. This enables digital connection between FSC-certified suppliers and customers.

Wood Products Market Players
Major companies operating in the wood products market report are Weyerhaeuser Company, West Fraser Timber Co Ltd, Canfor,Celulosa Arauco y Constitución, Interfor., Syktyvkar Plywood Mill LTD, Boise Cascade Company, RSH Forest Products, Georgia-Pacific Corporation, Andersen Corporation, Jilin Sen Workers' Forming Group Co., Ltd, Xuzhou Mega Industries Ltd, Linyi Haisen Wood Co., Ltd., Tilhill Forestry, Cuzi Wood Industry, Shreeji Woodcraft Pvt. Ltd., AmandusKahlGmbh& Co., Kg Century Plyboards India Ltd, Greenply Industries Ltd, Koohei Bussan Co., Ltd., Singla Timbers, Steelcase, Oji Group, Cross Trade GmbH, Komatsu Forest GmbH Caledonian Plywood Company Ltd, Hanson Plywood, Garnica Plywood Samazan, IMCA Panels, TengNuo., Chanta Group.,, JAF. Wood, EGGER (UK) Limited, Scottish Woodlands Ltd, James Jones and Sons Limited (UK), Metsähallitus Forestry Ltd (Finland), ATA Timber (Sweden), Bergs Timber AB (Sweden), Segezha Group, Toll Maderas S.R.L., Holmen Timber, HolzindustrieMaresch GmbH Stora Enso Oyj, Wood, Taeda SA, Plyterra Group, Shanghai Sindo Panel Company Ltd, Conifex Timber Inc., Stora Enso, HNI Corporation, Herman Miller, RTS Forestry (UK), Resolute Forest Products, PotlatchDeltic Corporation, Berneck, Araupel, Linea Parana MadeirasLtda, Imaribo, Templin OHG, United Forest Products, Estancias San Francisco S.A, Middle East Wood, MaziOrmanUrunleri Ltd., DastasDemirciogluAgac A.S., Yalong Wood, S&J Wood, Daco Parquet Factory AS, Kartonsan, Gabon Veneer, Merensky, Miro Forestry and Timber Products, UPM-KymmeneOyj, Afeefa Overseas Sarl Gabon, Komaza, Alitco Group

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the wood products market in 2023. North America was the second largest region in the wood products market. The regions covered in the wood products 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. Wood Products Market Report Structure
3. Wood Products Market Trends And Strategies
4. Wood Products Market - Macro Economic Scenario
5. Wood Products Market Size And Growth
…..
27. Wood Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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