Tracking systems to maintain transparency implemented due to government regulations
DUBLIN, June 24, 2022 /PRNewswire/ — The report “Global Wood Products Market Report 2022, By Type, By Application, By Distribution Channel” has been added to from ResearchAndMarkets.com offer.
The global wood products market is expected to increase from $631.11 billion in 2021 for $684.26 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The market is expected to grow to reach $903.33 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%.
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.
The main types of wood products are finished wood products, wood processing and manufactured wood materials. Wood processing is a technical discipline that includes the manufacture of forest products, including pulp and paper, building components and tall oil. Different applications include residential and commercial. Products are distributed through offline and online channels.
Asia Pacific was the largest region in the wood products market in 2021. North America was the second largest region in the wood products market. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Faster Economic Growth – The wood product manufacturing market is expected to benefit from the steady economic growth predicted for many developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2021 and 3.4% in 2021. The recovery in commodity prices, after a decline in the historic period, is expected to increase. besides being an important factor of economic growth.
The US economy is expected to register steady growth over the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets over the forecast period. Greater economic growth is likely to drive public and private investment, joint ventures, foreign direct investment in end-user markets, thereby boosting the market over the forecast period.
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.
Key companies in the wood products market include
- Weyerhaeuser Company
- LIXIL Group
- UFP Industries, Inc.
- JELD-WEN Inc.
- West Fraser Timber Co. Ltd.
- Canfor Corporation
- CELULOSA ARAUCO Y CONSTITUCION SA
- Louisiana-Pacific Corporation
- upm-kymmene oyj
- FirstSource Builders
Main topics covered:
2. Structure of the report
3. Characteristics of the wood products market
3.1. Market definition
3.2. Key segments
4. Product Analysis of Wood Products Market
4.1. Featured products/services
4.2. Key Features and Differentiators
4.3. Development products
5. Wood Products Market Supply Chain
5.1. Supply Chain
5.3. End customers
6. Wood Products Market Customer Information
6.1. Customer preferences
6.2. End-use market size and growth
7. Wood Products Market Trends and Strategies
8. Impact of COVID-19 on wood products
9. Wood Products Market Size and Growth
9.1. Market size
9.2. Historical Market Growth, Value (Billions of dollars)
9.2.1. Market Drivers
9.2.2. Market Constraints
9.3. Market growth forecast, value (in billions of dollars)
9.3.1. Market Drivers
9.3.2. Market Constraints
10. Wood Products Market Regional Analysis
10.1. Global wood products market, 2021, by region, value (USD billion)
10.2. Global wood products market, 2016-2021, 2021-2026F, 2026F, 2031F, historical and forecast, by region
10.3. Global Wood Products Market Comparison, Growth and Market Share, by Region
11. Wood Products Market Segmentation
11.1. Global wood products market, segmentation by type, history and forecast, 2016-2021, 2021-2026F, 2026F, 2031F, billions of dollars
- Finished wood products
- wood processing
- Manufactured wood materials
11.2. Global wood products market, segmentation by application, history and forecast, 2016-2021, 2021-2026F, 2026F, 2031F, billions of dollars
11.3. Global wood products market, segmentation by distribution channel, history and forecast, 2016-2021, 2021-2026F, 2026F, 2031F, billions of dollars
12. Wood Products Market Segments
12.1. Global finished wood products market, segmentation by type, 2016-2021, 2021-2026F, 2026F, 2031F, value (USD billion) – Joinery; Wooden pallets and skids; Prefabricated house; Other finished wood products
12.2. Global Wood Processing Market, Segmentation by Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value (USD Billion) – Sawmills; Wood preservation
12.3. Global Manufactured Wood Materials Market, Segmentation by Type, 2016-2021, 2021-2026F, 2026F, 2031F, Value (USD Billion) – Reconstituted Wood; Plywood; Veneer sheets
13. Wood products market measures
13.1. Wood Products Market Size, Percentage of GDP, 2016-2026, Global
13.2. Average per capita expenditure in the wood products market, 2016-2026, world
For more information about this report visit https://www.researchandmarkets.com/r/3dtc40
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