Forestry And Logging Market Outlook, Trends, Analysis, Insights, Overview And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Forestry And Logging Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

International Flavors & Fragrances Inc, Kerry Group plc, The Hershey Company, Golden State Foods, WILD Flavors and Specialty Ingredients (ADM), Monin, Inc., Sodastream USA, Concord Foods, LLC, R. Torre & Company, Inc., Small Hand Foods, Rasna Private Limited, Feroze Foods And Flavours, Xi'an FlavorSpring Biotech Co., Ltd., Ajinomoto Co., Inc., Givaudan, Shenzhen Tangzheng Biological Technology Co., Ltd., Doehler Natural Food & Beverage Ingredients (JINSHAN) CO. Ltd., Jinan JINHUAFANG Food Technology Co. Ltd., Fuerst Day Lawson, Tate & Lyle, Toschi Vignola, Cargill, Sensient Technologies, Archer Daniels Midland Company, Symrise, ASR Group, Arme, Fleurs et Fruits, Great Valley Juices, Kraft Heinz Company, Cedarvale Maple Syrup Co., Keurig Dr Pepper Inc., Refresco Group BV, Smucker's, Sunny Sky Products, Amoretti, Hershey Company, Starbucks Coffee Company, WILD Flavors, PepsiCo, Frutarom Group, Florasynth, Trofina Food, Nettari, Fruit Fusion.

Forestry And Logging Market 2024 Key Insights:

• 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%.
• Rising Demand For Wood In Construction For Forestry And Logging Market
• Advancements In Forest Logging Methods For Forestry And Logging Market
• The Asia-Pacific was the largest region in the forestry and logging market in 2023

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