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Wood Bio-Products Market Expansion Continues, with Forecast Valuation of $426.82 Billion by 2029
Wood Bio-Products
Wood Bio-Products Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The wood bio-products market has grown significantly, from $279.96 billion in 2024 to $302.89 billion in 2025 at a CAGR of 8.2%.
Wood Bio-Products Market Size Forecast: What's the Projected Valuation by 2029?
Anticipation is high for robust escalation in the timber byproducts industry in the forthcoming years. The market is projected to swell to a staggering $426.82 billion by 2029, following a compound annual growth rate (CAGR) of 9.0%. The expected increase during this forecasted span can be tied to factors such as the burgeoning need for furnishings and flooring commodities, geographic scaling, intensified capital infusion in the timber byproducts, plus heightened ecological consciousness. Prominent inclinations in this anticipated timeframe comprise advanced timber conversion methodologies, biorefinery proliferation, technological advancements, alliances and partnerships, along with sustainability endeavors.
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What Are the Drivers Transforming the Wood Bio-Products Market?
The surge in demand for furniture and flooring commodities has the potential to drive the expansion of the wood bio-products market. Items such as chairs, tables, and sofas, as well as hardwood, laminate, and carpet flooring materials, encompass the range of furniture and flooring products. These items not only enhance the aesthetic aspect of interiors but also serve a functional purpose. Wood bio-products offer a sustainable alternative to conventional materials, meeting the increasing demand for eco-friendly furniture and flooring solutions. These materials also support maintenance efforts by providing a natural and appealing finish. To further illustrate, the U.S. Census Bureau reported that retail sales for furniture and home furnishings escalated to $12.53 billion in January 2023, a significant increase from $11.73 billion in January 2021. As such, the continued increase in demand for furniture and flooring solutions will fuel the growth of the wood bio-products market.
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What Long-Term Trends Will Define the Future of the Wood Bio-Products Market?
Prominent businesses in the wood bio-products marketplace are directing their efforts towards creating sophisticated Lignin-based materials. This is intended to decrease environmental harm, lessen waste, and accommodate the growing need for sustainable packaging preferences. An example of this is Lignin Industries AB, a greentech firm from Sweden which introduced Renol in June 2024. Renol provides a greener alternative to plastics derived from fossil fuels and has the versatility for industrial utilisations such as ABS, PE and PP. It serves a range of sectors from automotive to consumer electronics. The development of Renol took five years and its scalable and resource-efficient production aids in the reduction of CO2 emissions. Produced in Sweden, Renol fulfils the industrial requirements for durable, high-performance materials that are also sustainable.
Which Segments in the Wood Bio-Products Market Offer the Most Profit Potential?
The wood bio-products market covered in this report is segmented -
1) By Product Type: Biofuels, Bioplastics, Biochemicals, Biocomposites, Pulp And Papers
2) By Distribution Channel: Offline, Online
3) By Application: Energy, Packaging, Construction, Automotive, Chemicals
4) By End Use Industry: Residential, Commercial, Industrial, Infrastructure, Other End Use Industries
Subsegments:
1) By Biofuels: Wood Pellets, Liquid Biofuels, Biomethane
2) By Bioplastics: Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Starch-Based Bioplastics
3) By Biochemicals: Lignin-Based Chemicals, Cellulose Derivatives, Bio-based Solvents
4) By Biocomposites: Wood Plastic Composites (WPC), Natural Fiber Composites
5) By Pulp and Papers: Kraft Pulp, Mechanical Pulp, Recycled Paper Products
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Which Firms Dominate the Wood Bio-Products Market by Market Share and Revenue in 2025?
Major companies operating in the wood bio-products market are Stora Enso Oyj, UPM-Kymmene Oyj, Weyerhaeuser Company, West Fraser Timber Co. Ltd., Suzano S.A., UFP Industries Inc., Drax Group PLC, Georgia-Pacific LLC, Mondi Group, Sappi Limited, Canfor Corporation, Arauco Wood Products Inc., JELD-WEN Holding Inc., Domtar Corporation, BillerudKorsnäs AB, Metsä Group, Ekman & Co AB, Holmen AB, Kruger Inc., Enviva Partners LP, Södra Skogsägarna ekonomisk förening, Borregaard ASA, HS Timber Group GmbH, Verdo Renewables Ltd., Bio Diversity LLC.
Which Regions Offer the Highest Growth Potential in the Wood Bio-Products Market?
Asia-Pacific was the largest region in the wood bio-products market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in wood bio-products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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