Forestry & Wood

Forestry & Wood Market by Wood Type (Hardwood, Softwood), Products (Recoverable Wood Products, Sawnwood, Secondary Wood Products), Application - Global Forecast 2024-2030

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[184 Pages Report] The Forestry & Wood Market size was estimated at USD 692.79 billion in 2023 and expected to reach USD 731.44 billion in 2024, at a CAGR 5.89% to reach USD 1,034.44 billion by 2030.

Forestry & Wood Market
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The forestry and wood is concerned with forestry, timber trade, logging, and the production of primary forest products, including furniture and secondary products like wood pulp for the paper industry. Trade in forest products has increased, especially in processed wood products such as sawn timber, board, pulpwood, and wood-based panels. Increasing trades and exports of forest and wood products worldwide and rising utilization of forestry and wood products in construction, paper, and artworks are surging the market growth. However, the availability of low-cost substitutes for forest and wood products and concerns associated with environmental safety coupled with strict government norms for deforestation are restraining market growth. On the other hand, the development of advanced technologies to trace and track the transportation of wood products increases transparency in the supply chain and combat illegal logging using technology such as GPS tracking, blockchain, and digital databases. Emerging technologies such as thermal modification, acetylation, and lignin modification for wood modification and functionalization to extend carbon storage and capture CO2 aid in making wood products more durable and long-lasting.

Regional Insights

Forestry and the wood are evolving in the Americas, EMEA, and APAC countries owing to the significant growth in furniture, construction, shipbuilding, paper & pulp industries. According to the American Forest & Paper Association (AF&PA), the United States forest products industry manufactures almost USD 300 billion products annually and employs about 1 million workers. The continuous improvements in harvest action areas have positively impacted the EMEA region's forestry and wood production. The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to market players implementing tracking and tracing technologies. The market players in the region are expanding their production capabilities of primary and secondary wood production as African countries harbor valuable forest resources. The Asian economies are massive exporters of wood-based products, which have strengthened the regions’ demand for forestry and wood products in past years. Asia-Pacific region is showing high growth owing to the increasing use of wood and forestry products in the construction sector to fulfill customer demand needs with the rising population. Moreover, the increasing investments in wood industries and expanding wood products manufacturing sector are expected to bolster the demand for forestry and wood in forecast period.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Forestry & Wood Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Growing consumer preference for wood-based furniture
    • Increasing trades and exports of forest and wood products worldwide
    • Rapid adoption of various wood products as a industrial fuel
  • Market Restraints
    • Availability of low-cost substitutes for forest and wood products
  • Market Opportunities
    • Development of advanced technologies for tracing and tracking transportation of wood products
    • Emerging technologies of wood modification and functionalization for extended carbon storage and CO2 capture
  • Market Challenges
    • Concerns associated with environmental safety coupled with strict government norms for deforestation
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Forestry & Wood Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Forestry & Wood Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Forestry & Wood Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Forestry & Wood Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Forestry & Wood Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Forestry & Wood Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Forestry & Wood Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Forestry & Wood Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Forestry & Wood Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Forestry & Wood Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Forestry & Wood Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Forestry & Wood Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Biden-Harris Administration invests nearly USD 34M to strengthen wood products economy, forest sector jobs, sustainable forest management

    The forestry and wood sector has received a major boost following the recent announcement that the Forest Service will be investing USD 34 million to strengthen the forest economy. This significant investment will provide much-needed support to the industry, allowing for vital research and development initiatives that will enhance forest management practices and maximize forest productivity. The professional tone of this news is fitting for an industry that plays an important role in our economy and environmental sustainability efforts. By investing in the forestry and wood sector, we are helping to ensure the preservation and continued growth of this critical industry for generations to come. [Published On: 2023-04-06]

  • Uttar Pradesh plans to invest Rs 1,000 crore to improve forest economy

    The government of Uttar Pradesh has taken a significant step towards improving the economy of the forestry and wood sector by investing Rs 1,000 crore. This move will help to increase productivity, create employment, conserve forests and enhance the livelihood of local communities. The forestry sector holds a tremendous potential for sustainable economic growth and is vital for ecosystem services such as reducing carbon emissions and soil erosion. The investment will also boost the use of forest products as a source of renewable energy and bolster the state's contribution to mitigating climate change. By allocating such a large sum towards the development of the forestry and wood sector, Uttar Pradesh is setting an example for other states to follow suit in creating a sustainable green economy. [Published On: 2023-03-16]

  • Paper Excellence Welcomes Resolute Into Its Family of Companies

    Paper Excellence, a leading global producer of pulp and specialty papers, has recently welcomed Resolute Forest Products Inc. into its family of companies. This move reinforces the company's commitment to the forestry and wood sector, as they aim to continue expanding their operations and reach. As a professional player in the industry, Paper Excellence values the expertise and experience that Resolute brings to the table, and sees this acquisition as a strategic alliance that will ultimately benefit both companies. The forestry and wood sector plays a crucial role in the global economy, supporting countless jobs and providing essential materials for various industries. With this latest development, Paper Excellence remains well-positioned to be a key player in this sector for years to come. [Published On: 2023-03-01]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Forestry & Wood Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Forestry & Wood Market, highlighting leading vendors and their innovative profiles. These include Binderholz GmbH, Canfor Corporation, Celulosa Arauco y Constitución S.A., FRITZ EGGER GmbH & Co. OG, Georgia-Pacific LLC by Koch Industries, Inc., Hampton Lumber, Holmen AB, Hood Industries, Inc., Interfor Corporation, Klabin S.A., Louisiana-Pacific Corporation, Metrie Inc., Moelven Industrier ASA, NewTechWood America, Inc., Oji Holdings Corporation, Pfeifer Holding GmbH, Resolute Forest Products by Paper Excellence, Roseburg Forest Products Co., Sappi Limited, Sierra Pacific Industries, Stella-Jones, Stora Enso Oyj, Sumitomo Forestry Co., Ltd., Svenska Cellulosa Aktiebolaget SCA, Tolko Industries Ltd., UFP Industries, Inc., UPM-Kymmene Corporation, West Fraser Timber Co. Ltd., Western Forest Products, Weyerhaeuser Company, and Woodgrain.

Forestry & Wood Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Forestry & Wood Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Wood Type
    • Hardwood
      • Ash Walnut
      • Brich
      • Cherry
      • Mahogany
      • Maple
      • Oak
      • Poplar
      • Teak
    • Softwood
      • Cedar
      • Fir
      • Pine
      • Redwood
      • Spruce
  • Products
    • Recoverable Wood Products
    • Sawnwood
    • Secondary Wood Products
    • Veneer Sheets
    • Wood Charcoal
    • Wood Chips & Particles
    • Wood Fuel
    • Wood Pellets & Agglomerates
    • Wood Pulp & Cork
    • Wood Residues
    • Wood Wool & Flour
    • Wood-Based Panels
  • Application
    • Commercial
    • Industrial
    • Residential

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Forestry & Wood Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Forestry & Wood Market, by Wood Type
  7. Forestry & Wood Market, by Products
  8. Forestry & Wood Market, by Application
  9. Americas Forestry & Wood Market
  10. Asia-Pacific Forestry & Wood Market
  11. Europe, Middle East & Africa Forestry & Wood Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 496]
  16. List of Companies Mentioned [Total: 31]
The Growing Consumer Preference for Wood-based Furniture
June 26, 2023
The Growing Consumer Preference for Wood-based Furniture
When it comes to furniture, consumers have more choices now than ever before. From plastic to metal to glass and more, there are many materials to choose from in the quest for new furniture. However, wood has always been a staple in the furniture industry. In recent years, we have seen a growing preference towards wood for furniture purposes. In this blog post, we will explore the reasons behind this shift in consumer preference, and the benefits of wood based furniture over other types of furniture.


One of the main reasons for the growing consumer preference for wood-based furniture is sustainability. With the increasing global concern about climate change and sustainability, more people are opting for eco-friendly options. Wood is a renewable resource, which means it can be replenished and replaced. Timberland companies plant new trees to replace the ones that were harvested rather than clear cutting a forest. Thus, using wood-based furniture lessens the impact on the environment.


Wood-based furniture is known for its durability and longevity. With proper maintenance, wood furniture can last for years or even decades. This is because, unlike other materials, wood gets better with age. It develops character and gets stronger with time, making it a great investment.

Aesthetic appeal:

Wood has a natural beauty that other materials lack. It comes in different colors, grains, and textures, making it versatile and customizable. With the help of wood stains and finishes, customers can achieve their desired look, which can range from traditional to modern. Additionally, wood furniture blends easily with other materials, colors, and patterns, making it easier to style and decorate.

Health advantages:

Wood furniture has many health benefits that other materials do not. For example, studies show that wood furniture emits fewer toxins and allergens than other materials, making it safer and healthier for those with respiratory problems. Additionally, wood furniture does not collect dust as fast as synthetic materials like plastic or metal, making it easier to clean and maintain.


Many people believe that wood-based furniture is expensive, but this is not always the case. While some types of wood furniture can be pricey, there are affordable options that are just as durable and long-lasting. Furthermore, investing in quality wood furniture can save costs over time, as it won't have to be replaced often.

The shift towards wood-based furniture comes with great benefits such as its sustainability, durability, aesthetic appeal, health advantages, and cost-effectiveness. Wood furniture offers a timeless quality that other materials do not. As the world becomes more environmentally conscious, it is no surprise that consumers are opting for eco-friendly options like wood-based furniture. Ultimately, it is a great investment that will not only enhance the look of your home or office but also contribute to a healthier environment.

Frequently Asked Questions
  1. How big is the Forestry & Wood Market?
    Ans. The Global Forestry & Wood Market size was estimated at USD 692.79 billion in 2023 and expected to reach USD 731.44 billion in 2024.
  2. What is the Forestry & Wood Market growth?
    Ans. The Global Forestry & Wood Market to grow USD 1,034.44 billion by 2030, at a CAGR of 5.89%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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