Wood Processing Global Market To Reach Value Of About $180 Billion In 2025
14 Apr, 2021
The wood processing market consists of sales of processed wood by entities (organizations, sole traders and partnerships) that saw dimension lumber, boards, beams, timbers, poles, ties, shingles, shakes, siding, and wood chips from logs or bolts. This industry also includes establishments that treat planed, sawed and shaped wood with creosote or other preservatives such as alkaline copper quat, copper azole, and sodium borates, to prevent decay and to protect against fire and insects.
Global Wood Processing Market Size And Drivers:
The global wood processing market is expected to grow from $128.92 billion in 2020 to $140.47 billion in 2021 at a compound annual growth rate (CAGR) of 9%. The market is expected to reach $179.7 billion in 2025 at a CAGR of 6%.
The wood processing market is expected to benefit from steady economic growth forecasted for many developed and developing countries.
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Trends In The Global Wood Processing Market
The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to the implementation of tracking and tracing technologies. Many wood companies are implementing their own tracking systems to maintain transparency in their timber supply chain. Electronic tracking is being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used.
Global Wood Processing Market Segments:
The global wood processing market is further segmented based on type and geography.
By Type: Sawmills, Wood Preservation.
By Geography: The global wood processing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global wood processing market, accounting for 33% of the total market.
Read More On The Report For The Global Wood Processing Market At:https://www.thebusinessresearchcompany.com/report/wood-processing-global-market-report
Wood Processing Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wood processing market overviews, analyzes and forecasts market size and growth for the global wood processing market, wood processing market share, wood processing market players, wood processing market segments and geographies, wood processing market’s leading competitors’ revenues, profiles and market shares. The wood processing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.