PUBLISHER: The Business Research Company | PRODUCT CODE: 1260972
PUBLISHER: The Business Research Company | PRODUCT CODE: 1260972
“Forestry And Logging Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on forestry and logging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for forestry and logging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The forestry and logging market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major companies in the forestry and logging market include Olam International, Resolute Forest Products Inc., Rayonier Inc., Weyerhaeuser Company, Stora Enso Oyj, PotlatchDeltic Corporation, CELULOSA ARAUCO Y CONSTITUCION S.A, and Interfor Corporation.
The global forestry and logging market grew from $981.76 billion in 2022 to $1083.25 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The forestry and logging market is expected to grow to $1600.41 billion in 2027 at a CAGR of 10.2%.
The forestry and logging market consists of revenues earned by entities that produce or harvest forestry products and logs and are involved in growing, cutting and transporting timber, operations of the timber tract, growing trees for reforestation and collecting forest products such as gums, barks and fibers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Forestry is the science of managing, planting, using, conserving, and repairing forests and associated resources for human and environmental benefit. Logging is the process of cutting, processing, and transporting trees.
The Asia-Pacific was the largest region in the forestry and logging market in 2022. North America was the second-largest region in the forestry and logging market. The regions covered in the forestry and logging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of forestry and logging are logging; timber tract operations; forest nurseries; and the gathering of forest products. Logging refers to the process of harvesting trees, sawing them into appropriate lengths, and transporting them to a sawmill. The offerings are hardware, software, and services. The various applications included construction, industrial goods, and other applications.
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 2020, according to an article shared by Unit Magazine, a Finland-based multidisciplinary publication of Tampere Universities, In Finland, wood is frequently used to construct vacation cottages. There are 500,000 summer cottages scattered around the nation, and 7,000 more pop up every year. Up to 99% of them are constructed of wood. In the USA, wood is a common building resource because labour and wood are both inexpensive. Wood makes up more than 80% of all new homes in the US. Therefore, increasing wood use as a building material is driving the market for forestry and logging producers.
Stringent regulations have always been a major challenge to the forestry and logging products market. Several countries across the globe have imposed total or partial logging bans in natural forests as a response to natural disasters which are believed to have been caused by deforestation. Banning or restricting timber products is thus viewed as a corrective measure to promote forest conservation and protection and to ensure broader forest benefits for future generations.
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.
The countries covered in the forestry and logging market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The forestry and logging market research report is one of a series of new reports from The Business Research Company that provides forestry and logging market statistics, including forestry and logging industry global market size, regional shares, competitors with a forestry and logging market share, detailed forestry and logging market segments, market trends and opportunities, and any further data you may need to thrive in the forestry and logging industry. This forestry and logging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.