Overview of the forecast period 2022-2031 of the global wood products market
The Business Research Company’s Global Wood Products Market Report covers Wood Products Market Size, Drivers, Key Players and Impact of COVID-19.
LONDON, GREATER LONDON, United Kingdom, Aug. 4, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Wood Products Global Market Report 2022″, the wood products market is expected to grow from $631.11 billion in 2021 to $684.26 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The wood products market is expected to reach $903.33 billion in 2026 at a CAGR of 7.2%. The wood product manufacturing market is expected to benefit from the steady economic growth predicted for many developed and developing countries.
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Key trends 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 forestry 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.
The wood products market includes sales of wood products by entities (organizations, sole proprietorships, and partnerships) that manufacture wood-based products. This industry includes companies that produce lumber, plywood, veneer, wood containers, wood flooring, wood trusses, pre-engineered houses, and pre-engineered wood buildings. The production of wood products includes the sawing, planning, shaping, rolling and assembly of wood products into bolts or lumber.
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Segments of the global wood products market
The global wood products market is segmented:
By type: Finished wood products, Wood processing, Manufactured wood materials
By Application: Residential, Commercial
By distribution channel: offline, online
Sub-segments covered: carpentry, wooden pallets and skids, prefabricated houses, other finished wood products, sawmills, wood preservation, engineered wood, plywood, veneer sheets
By Geography: The global wood products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest market share.
The Global Wood Products Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides an overview of the Wood Products market. The market report gives an analysis of the Wood Products industry, Global Wood Products market size, Global Wood Products market share, Global Wood Products market growth drivers, segments of the global wood products market, the main players in the global wood products market, the growth of the wood products market in the geographies, the wood products. market trends and competitors’ revenues in the wood products market and their positioning in the market. The Wood Products industry report allows you to gain insight into opportunities and strategies, as well as identify countries and segments with the highest growth potential.
TBRC Global Wood Products Market Report 2022 covers the following insights:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: Weyerhaeuser Company, LIXIL Group, UFP Industries Inc., JELD-WEN Inc., West Fraser Timber Co. Ltd., Canfor Corporation, CELULOSA ARAUCO Y CONSTITUCIÓN SA, Louisiana-Pacific Corporation, upm-kymmene oyj and Builders FirstSource.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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