PUBLISHER: The Business Research Company | PRODUCT CODE: 1674226
PUBLISHER: The Business Research Company | PRODUCT CODE: 1674226
Wood products encompass a broad range of goods and furniture items crafted from wood, such as tables, chairs, beds, sofas, countertops, cutting boards, and more. These products are highly valued for their sustainability, as they are made from renewable resources and support eco-friendly building practices.
The primary types of wood products include finished wood products, wood processing, and manufactured wood materials. Wood processing is a technical discipline that includes the manufacture of forest goods, such as pulp and paper, building components, and tall oil. These products are distributed through offline and online channels and are applied for both residential and commercial purposes.
The wood products market research report is one of a series of new reports from The Business Research Company that provides wood products market statistics, including wood products industry global market size, regional shares, competitors with a wood products market share, detailed wood products market segments, market trends and opportunities, and any further data you may need to thrive in the wood products industry. This wood products 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.
The wood products market size has grown strongly in recent years. It will grow from $854.99 billion in 2024 to $923.13 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to strong emerging markets growth, low interest rates, growth in world population, increasing demand for cruise ships and growth in residential construction activity.
The wood products market size is expected to see strong growth in the next few years. It will grow to $1215.03 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to strong emerging markets growth, low interest rates, growth in world population, increasing demand for cruise ships and growth in residential construction activity. Major trends in the forecast period include implementing tracking and tracing technology to enhance its credibility among its stakeholders, using biodegradable chemicals for wood preservation, deploying computer aided manufacturing technologies to increase plant productivity and efficiency, avoid using wood obtained from harvesting endangered trees, offer customized engineered wood products to cater to the increasing focus towards sustainability, integrate automation and robotics technologies to enhance production efficiency and focus on incorporating new and improved techniques in harvesting logs to increase wood volume with less residual damage.
The growing demand for furniture is expected to drive the expansion of the wood products market. This increasing demand is fueled by factors such as urbanization, rising disposable income, home renovation trends, and the popularity of sustainable and customizable designs. Furniture refers to movable items crafted to support various activities, including seating (chairs, sofas), sleeping (beds), working (desks), and storage (cabinets, wardrobes). Wood products play a vital role in furniture manufacturing, offering durability, aesthetic appeal, and sustainability, which are essential for creating a wide range of functional and stylish pieces that enhance both residential and commercial spaces. For example, in February 2024, the Furniture Industry Research Association reported that the UK furniture manufacturing and furnishing sector had a total turnover of $11.35 billion in 2022, marking a 9.2% increase from the previous year, supported by 6,880 companies. Therefore, the growing demand for furniture is propelling the wood products market forward.
The growth of the wood products market is expected to be propelled by increased construction and infrastructure activities on a global scale. Construction and infrastructure involve the processes and physical components necessary for building, developing, and maintaining essential facilities and systems such as buildings, roads, bridges, and utilities. Wood, known for its versatility, sustainability, and cost-effectiveness, is experiencing heightened demand as a construction material. Its applications span framing, flooring, decking, and interior finishes, encompassing both residential and commercial construction projects. For instance, in June 2022, the USA and its G7 partners announced plans to mobilize $600 billion by 2027 for global infrastructure investments. This surge in construction and infrastructure activities globally is a key driver for the wood products market.
The increasing demand for supply chain transparency and the imposition of stringent government regulations on the wood industry have led to the adoption of tracking and tracing technologies. Wood companies are implementing their tracking systems to ensure transparency in their timber supply chains. Electronic tracking, including technologies such as radio-frequency identification chips, barcodes, and advanced traceability software, is replacing paper-based systems. For example, the Forest Stewardship Council has developed the Online Claims Platform to provide timely information about FSC-certified products and the companies producing them. This facilitates a digital connection between FSC-certified suppliers and customers.
Artificial intelligence (AI) emerges as a prominent trend in the wood products market, gaining popularity for its application in wood processing. AI is widely employed for wood identification due to its reliability and effectiveness. It is also utilized to remove undesirable components and materials during the wood processing phase. For instance, in August 2022, Urban Machine, a US-based company specializing in premium lumber products, closed a $5.6 million seed round. The company employs AI software in a robot to identify and remove nails and wood impurities from waste lumber, transforming it into high-volume, locally produced luxury lumber products for reuse in the construction sector.
Major companies operating in the wood products market include Weyerhaeuser Company, West Fraser Timber Co Ltd., Canfor,Celulosa Arauco y Constitucion, Interfor., Syktyvkar Plywood Mill LTD, Boise Cascade Company, RSH Forest Products, Georgia-Pacific Corporation, Andersen Corporation, Jilin Sen Workers' Forming Group Co., Ltd, Xuzhou Mega Industries Ltd, Linyi Haisen Wood Co., Ltd., Tilhill Forestry, Cuzi Wood Industry, Shreeji Woodcraft Pvt. Ltd., AmandusKahlGmbh& Co., Kg Century Plyboards India Ltd, Greenply Industries Ltd, Koohei Bussan Co., Ltd., Singla Timbers, Steelcase, Oji Group, Cross Trade GmbH, Komatsu Forest GmbH Caledonian Plywood Company Ltd, Hanson Plywood, Garnica Plywood Samazan, IMCA Panels, TengNuo., Chanta Group., JAF. Wood, EGGER (UK) Limited, Scottish Woodlands Ltd, James Jones and Sons Limited (UK), Metsahallitus Forestry Ltd (Finland), ATA Timber (Sweden), Bergs Timber AB (Sweden), Segezha Group, Toll Maderas S.R.L., Holmen Timber, HolzindustrieMaresch GmbH Stora Enso Oyj, Wood, Taeda SA, Plyterra Group, Shanghai Sindo Panel Company Ltd, Conifex Timber Inc., HNI Corporation, Herman Miller, RTS Forestry (UK), Resolute Forest Products, PotlatchDeltic Corporation, Berneck, Araupel, Linea Parana MadeirasLtda, Imaribo, Templin OHG, United Forest Products, Estancias San Francisco S.A, Middle East Wood, MaziOrmanUrunleri Ltd., DastasDemirciogluAgac A.S., Yalong Wood, S&J Wood, Daco Parquet Factory AS, Kartonsan, Gabon Veneer, Merensky, Miro Forestry and Timber Products, UPM-KymmeneOyj, Afeefa Overseas Sarl Gabon, Komaza, Alitco Group
Asia-Pacific was the largest region in the wood products market in 2024. North America was the second largest region in the wood products market. The regions covered in the wood products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the wood products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The wood products market consists of sales of solid-wood products, pulp and paper products, plywood, timbers, and others. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
Wood Products Global Market Report 2025 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 wood products 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 wood products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wood products 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.