According to the latest IMARC group report titled ” US Secondary Wood Products Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026â, The market reached a value of US $ 267 billion in 2020. U.S. Secondary Wood Products Market Report show moderate growth over the next five years. Secondary wood products are made by processing primary wood products such as pulp, lumber and lumber. Also known as value-added wood products, they include wood furniture, such as wood pallets, wood kitchen, cabinets and countertops, secondary paper products, and wood products from engineering. At present, their demand is increasing in the United States due to the growth of construction and renovation activities, which account for almost a third of total annual consumption.
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As the novel coronavirus (COVID-19) crisis sweeps the world, we are continuously monitoring changes in the markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are carried out after examining the impact of this pandemic.
Increasing population, high income levels, and growing household demand for wood products are among the key factors driving the market growth in the United States. Apart from this, there is an increase in exports of these products to various European and Asian countries due to the European Union regulations on biofuels and the increase in construction activity in these economies. This positively influences the sales of wood products, especially wood pellets and engineered wood panels, in the country.
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Competitive landscape with key players:
The report also analyzed the competitive landscape of the market with some of the major players being.
- Ashley Furniture Industry
- Steel case
- HNI Company
- Herman Miller
- Weyerhaeuser Company
- Universal forest products
Segmentation of the secondary wood products market in the United States:
Our report has categorized the market based on region and type.
Market breakdown by type:
- Wooden furniture
- Engineered wood products
- Secondary paper products
Highlights of the report:
- Market performance
- Market outlook
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
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