DUBLIN–(BUSINESS WIRE)–The “Global Wood Products Market Report 2021: Impact of COVID-19 and Recovery to 2030” report has been added to from ResearchAndMarkets.com offer.
The global wood products market is expected to grow from $624.22 billion in 2020 to $666.43 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%.
Global Wood Products Market Report 2021: COVID-19 Impact and Recovery to 2030 provides strategists, marketers, and senior management with the critical information they need to assess the global wood products market wood coming out of the COVID-19 shutdown.
Key companies in the wood products market include Georgia-Pacific Corporation; Weyerhaeuser Company; West Fraser Timber Co Ltd; Andersen Corporation and Cellulosa Arauco y Constitution.
The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $866. 23 billion in 2025 at a CAGR of 7%.
Asia-Pacific was the largest region in the global wood products market, accounting for 39% of the market in 2020. North America was the second largest region, accounting for 27% of the global wood products market. Africa was the smallest region in the global wood products market.
The growing demand for supply chain transparency and stringent government regulations on the timber industry have led to the implementation of track and trace technologies. Many forestry companies have implemented their own tracking systems to maintain transparency in their timber supply chain.
Electronic tracking is being adopted by forest companies and government agencies rather than paper-based and technologies such as radio frequency identification chips, bar codes and advanced tracking software are being used.
For example, the Forest Stewardship Council, a leading non-profit organization, has developed an online complaints platform to provide FSC certificate holders with timely information about FSC products and the companies that produce them free of charge. . This enables a digital connection between FSC-certified suppliers and customers.
Faster Economic Growth – The wood product manufacturing market is expected to benefit from the steady economic growth predicted for many developed and developing countries. The International Monetary Fund (IMF) forecasts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. The recovery in commodity prices, after a decline in the historical period, should also be an important factor of economic dynamism. growth.
The US economy is expected to register steady growth over the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets over the forecast period. Greater economic growth is likely to drive public and private investment, joint ventures, foreign direct investment in end-user markets, thereby boosting the market over the forecast period.
Main topics covered:
2. Structure of the report
3. Characteristics of the wood products market
3.1. Market definition
3.2. Key segments
4. Product Analysis of Wood Products Market
4.1. Featured products/services
4.2. Key Features and Differentiators
4.3. Development products
5. Wood Products Market Supply Chain
5.1. Supply chain
5.3. End customers
6. Wood Products Market Customer Information
6.1. Customer preferences
6.2. End-use market size and growth
7. Wood Products Market Trends and Strategies
8. Impact of COVID-19 on wood products
9. Wood Products Market Size and Growth
9.1. Market size
9.2. Historical Market Growth, Value (Billions of dollars)
9.2.1. Market Drivers
9.2.2. Market Constraints
9.3. Market growth forecast, value (in billions of dollars)
9.3.1. Market Drivers
9.3.2. Market Constraints
10. Wood Products Market Regional Analysis
10.1. Global wood products market, 2020, by region, value (USD billion)
10.2. Global Wood Products Market, 2015-2020, 2020-2025F, 2030F, Historical & Forecast, By Region
10.3. Global wood products market, growth and market share comparison, by region
11. Wood Products Market Segmentation
11.1. Global wood products market, segmentation by type, history and forecast, 2015-2020, 2020-2025F, 2030F, billions of dollars
Finished wood products
Manufactured wood materials
11.2. Global wood products market, segmentation by application, history and forecast, 2015-2020, 2020-2025F, 2030F, USD billion
11.3. Global wood products market, segmentation, history and forecast, 2015-2020, 2020-2025F, 2030F, billion dollars
12. Wood Products Market Segments
12.1. Global finished wood products market, segmentation by type, 2015-2020, 2020-2025F, 2030F, value (USD billion) – Joinery; Wooden pallets and skids; Prefabricated house; Other finished wood products
12.2. Global Wood Processing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Sawmills; Wood preservation
12.3. Global Manufactured Wood Materials Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Reconstituted Wood; Plywood; Veneer sheets
13. Wood products market measures
13.1. Wood products market size, percentage of GDP, 2015-2025, global
13.2. Average per capita expenditure in the wood products market, 2015-2025, world
West Fraser Timber Co Ltd
Celulosa Arauco y Constitution
For more information on this report, visit https://www.researchandmarkets.com/r/tfqfq9