Strategies for Global Wood Products Market Players Over the Market Forecast Period 2022-2026
The Business Research Company Global Wood Products Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, April 8, 2022 /EINPresswire.com/ — According to the “Wood Products Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, wood products Timber market size 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 sustained economic growth predicted for many developed and developing countries.
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The global wood products market includes sales of wood products by entities (organizations, individual companies, 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.
Global Wood Products Market Trends
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.
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 accounts for the largest share.
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The Global Wood Products Market Report 2022 is part of a series of new reports from The Business Research Company that provides Wood Products market overviews, analysis and forecasts of market size and growth. for the global wood products market, share, segments and geographies, trends, players, revenue, profiles and market shares of the main competitors. The Wood Products Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Wood Products Market Report 2022 includes information on the following:
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, United Kingdom, United States And many more.
Looking for something else? Here is a list of similar reports from The Business Research Company:
Global Wood Processing Market Report 2022
Global Finished Wood Products Market Report 2022
Global Manufactured Wood Materials Market Report 2022
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The Business Research Company has published over 1,000 industry reports covering over 2,500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with a detailed analysis of the impact of COVID-19 on various markets.