Forestry And Logging Market Characteristics
The forestry market consists of sales of forestry products by entities ((organizations, sole traders and partnerships) that produce forestry products by the growing, cutting and transporting of timber, operations of the timber tract, growing trees for reforestation and collecting forest products such as gums, barks and fibres.
Competitive Landscape of the Forestry And Logging Market
Major players in the global forestry and logging market include Forestry Corporation, Hancock Victorian Plantations, Weyerhaeuser, Scottish Woodlands Ltd, and Tilhill Forestry Ltd.
Forestry And Logging Market Size
The forestry and logging market size is expected to reach above $370 billion by 2022, significantly growing at a CAGR of around 7.7% during the forecast period. The growth in the forestry and logging market is due to rise in disposable income, increased demand for agriculture and animal produce, driving demand for agriculture support activities, and fishing, hunting activities.
However, the market for forestry and logging is expected to face certain restraints from several factors such as harsh climate and unfavourable terrain.
Forestry And Logging Market Segmentation
The global forestry and logging market is further segmented based on type and geography.
By Type - The forestry and logging market is segmented into logging, timber services.
By Geography - The global forestry and logging is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific forestry and logging market accounts the largest share in the global forestry and logging market.
Trends in the Forestry And Logging Market
The major companies are using 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, as the major trends witnessed in the global forestry and logging market.
Potential Opportunities in the Forestry And Logging Market
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global forestry and logging market is expected to significantly rise in the forecast period.