Forestry And Logging includes establishments involved in growing, cutting and transporting of timber, operations of timber tract, growing trees for reforestation and collecting forest products such as gums, barks and fibers. This industry grows and harvest timber on a long production cycle (10 years or more) which uses different production processes than short production cycles. It requires more horticultural interventions before the harvest which results in processes more alike to those found in the crop production subsector.
Forestry and Logging Global Market Size
The global forestry and logging market was valued at $372 billion in 2017. Asia Pacific was the largest geographic region accounting for $196.9 billion or 52.9% of the global market. China was the largest country accounting for $167.4 billion or 45.0% of the global forestry and logging market.
Forestry and Logging Global Market Trend
Aerial seed bombing is the new and effective way of reforestation. Aerial reforestation is the process of dropping pointed containers with saplings by aircrafts that can nearly plant one million trees every single day. Dropped canisters are made of biodegradable material and contain a seedling packed in soil and nutrients and are designed to be dropped from a low-flying plane. The canisters hit the ground at 200 mph and embed themselves in the soil. Thailand has made plans to begin with a five-year pilot project focused on aerial reforestation method to boost reforestation by planting trees for forests that have deteriorated.
The companies covered are Forestry Corporation, Hancock Victorian Plantations, Weyerhaeuser, Scottish Woodlands Ltd, and Tilhill Forestry Ltd.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Forestry and Logging Global Market Segmentation
The forestry and logging market is segmented into Logging; and Timber Services.
Logging group comprises establishments primarily engaged in cutting timber, producing rough, round, hewn, or riven primary wood, and producing wood chips in the forest. Establishments primarily engaged in cutting and transporting timber are also included in this industry.
Timber Services group comprises establishments primarily engaged in the operation of timber tracts, for the purpose of selling standing timber.