What Has Driven the Growth of the Forestry And Logging Market in Recent Years?
The forestry and logging market has seen considerable growth due to a variety of factors.
• The market size for forestry and logging has seen considerable growth in the past few years. The market is set to expand from $1166.47 billion in 2024 to $1265.2 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%.
Growth in the historical period can be linked to the surge in residential building activity, rising demand for cruise ships, growing demand for tissue and paper products, and overall economic growth.
What Is the Forecasted Market Size and Growth Rate for The Forestry And Logging Market?
The forestry and logging market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for forestry and logging is predicted to showcase robust expansion in the coming few years, reaching a value of $1751.39 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%.
The anticipated growth during this period can be credited to factors such as the rising construction of wooden infrastructure, the adoption of automated methods in forestry management, an increase in biomass usage and a growing demand for wooden furniture. Key trends during this forecast period include an emphasis on reforestation, the inclusion of new and enhanced techniques for log harvesting, the adoption of big data for determining the most beneficial time for logging and transport, and the use of drones in forest management.
What Main Forces Are Fueling Expansion In The Forestry And Logging Market?
The rising utilization of wood in construction, attributed to its distinct benefits over concrete, is fueling the market for forestry and logging producers. Currently, the construction sector is accounting for 25% of worldwide greenhouse gas emissions. As a result, the concept of green building construction has emerged, aimed at lowering CO2 emissions and promoting carbon storage. Furthermore, structures built with wood generate very minimal waste and can be erected faster compared to those made from concrete. In December 2022, the Finland-based government agency, Natural Resources Institute revealed that the total usage of round wood in Finland in 2023 would reach 75.4 million cubic meters. Moreover, The Food and Agriculture Organization, an Italy-based United Nations agency dedicated to combating hunger, predicted in April 2022 that consumption of primary processed wood products would touch 3.1 billion cubic meters in 2022, with a forecasted growth of 37 percent by 2050. Hence, the growing preference for wood as a construction material is fostering the market for forestry and logging producers.
What Key Areas Define The Segmentation Of The Global Forestry And Logging Market?
The forestry and logging market covered in this report is segmented –
1) By Type: Logging, Timber Tract Operations, Forest Nurseries And Gathering Of Forest Products
2) By Offering: Hardware, Software, Services
2) By Application: Construction, Insutrial Goods, Other Applications
Subsegments:
1) By Logging: Clear-Cutting, Selective Logging, Shelterwood Logging, Thinning Operations
2) By Timber Tract Operations: Timberland Management, Timber Harvesting And Sales, Timberland Investment, Reforestation And Afforestation
3) By Forest Nurseries And Gathering Of Forest Products: Tree Seedling Production, Cultivation Of Non-Timber Forest Products, Seed Collection And Plant Propagation, Forest Conservation And Restoration Services
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How Are Emerging Trends Reshaping The Dynamics Of The Forestry And Logging Market?
Enhanced forest logging methods have significantly raised the levels of safety, fiber usage, environmental conservation, and productivity, while minimizing harm to remaining trees. These enhanced logging techniques include the use of harvester/forwarder systems, cable harvesting systems, and helicopter logging. Harvester or forwarder logging practices are prevalent in northern and central Europe and are predicted to gain even more popularity due to their economic, ergonomic, and environmental benefits compared to motor/manual (saw/skidding) harvesting. Cable harvesting is favored in mountainous regions, while helicopter logging is ideal in environmentally sensitive and isolated areas. A recent study indicates that these improved logging procedures lead to a 30% rise in wood volume and a reduction in damage to remaining trees down to 20%. For example, Markit! Forestry Management utilizes helicopter logging in parts of the Dry Lake Hills area where the steep terrain makes the transportation of logs, lumber, and cut trees challenging.
Who Are the Key Players in the Forestry And Logging Market?
Major companies operating in the forestry and logging market include:
• Weyerhaeuser Company
• China Forestry Group Corporation
• Rayonier Inc.
• PotlatchDeltic Corporation
• Forestry Corporation of NSW
• Washington State Department of Natural Resources
• Jilin Forest Industry Co. Ltd.
• Tilhill Forestry
• Pope Resources
• A Delaware Limited Partnership
• CatchMark Timber Trust. Inc.
• HVP Plantations
• China Longjiang Forest Industry
• China Inner Mongolia Forestry Industry Group
• Greater Khingan Mountains Forestry Group
• China Jilin Forestry Industry Group Co. Ltd.
• Singla Timbers
• Oji Group
• EGGER Limited
• RTS Forestry
• James Jones and Sons Limited
• Metsähallitus Forestry Ltd
• ATA Timber
• Bergs Timber AB
• Scottish Woodlands Ltd
• Holmen Timber
• BSW Timber
• Titan group
• Timberwood
• Russia Forest Products
• LST a.s.
• Wotan Forest
• a.s.
• UNILES Inc.
• Segezha Group
• SORT-1
• LLC
• KPPD-Szczecinek SA
• Sawmill Radom
• Ilim Timber LLC
• Hancock Timber Resource Group
• RSH Forest Products
• Sierra Pacific
• Benevides Madeiras
• Duratex
• Fibria Celulose
• Klabin
• Suzano Papel e Celulose
• Daco Parquet Factory AS
• Kartonsan
• Balci Orman Urunleri
• Merensky
• Safcol
• Miro Forestry and Timber Products
• United Forest Products
• Chukifywood
• Firstcut International
• Royal Castle Trading Enterprises
• Chrischeriss Global Services Ltd.
What Is The Most Dominant Region In The Forestry And Logging Market?
Asia-Pacific was the largest region in the forestry and logging market in 2024. North America was the second-largest region in the forestry and logging market. The regions covered in the forestry and logging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
