Global Forestry And Logging Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
29 Jan, 2021
The forestry and logging market consists of sales of forestry products and logs by entities (organizations, sole traders and partnerships) that produce or harvest forestry products and logs and are involved in growing, cutting and transporting timber, operations of the timber tract, growing trees for reforestation and collecting forest products such as gums, barks and fibers.
Global Forestry And Logging Market Size And Drivers:
The global forestry and logging market is expected to grow from $535.96 billion in 2020 to $559.47 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $726.51 billion in 2025 at a CAGR of 7%. Wood used as a building material is increasing due to numerous advantages of wood buildings over concrete buildings, thus driving the market for forestry and logging producers.
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Trends In The Global Forestry And Logging Market
Advanced techniques in forest logging methods have improved safety, fiber utilization, environmental protection and productivity with minimum damage to residual trees. The different improved methods of logging are harvester/forwarder systems, cable harvesting systems and helicopters logging. Harvester or forwarder type of logging is mostly common in northern and central Europe and the use is expected to increase in the future due to their economic, ergonomic and ecological advantages over motor/manual (saw/skidding) harvesting. Cable harvesting are used in mountainous regions whereas helicopter logging is popular in environmental constraints and remote areas.
Global Forestry And Logging Market Segments:
The global forestry and logging market is further segmented based on type, application and geography.
By Type: Logging, Timber Tract Operations, Forest Nurseries and Gathering of Forest Products.
By Application: Construction, Industrial Goods, Others.
By Geography: The global forestry and logging market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global forestry and logging market, accounting for 38% of the total market
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Forestry And Logging Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides forestry and logging market overviews, analyzes and forecasts market size and growth for the global forestry and logging market, forestry and logging market share, forestry and logging market players, forestry and logging market segments and geographies, forestry and logging market’s leading competitors’ revenues, profiles and market shares. The forestry and logging market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.