Wood processing industry comprises establishments engaged in sawing dimension lumber, boards, beams, timbers, poles, ties, shingles, shakes, siding, and wood chips from logs or bolts.
The top five companies covered are Weyerhaeuser Company, West Fraser Timber Co. Ltd., Canfor Corporation, Svenska Cellulosa Aktiebolaget and Interfor Corporation. Weyerhaeuser Company was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Wood Processing Market Size
The global wood processing market was valued at around $481 billion in 2017. Asia Pacific was the largest region in the wood processing market in 2017, accounting for around 55% market share. China was the largest country in the wood processing market in 2017, accounting for around 31% market share.
Wood Processing Market Trend
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 taking over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability softwares.
Wood Processing Market Segmentation
The wood processing market is segmented into sawmills and wood preservation.
Sawmills produce boards, timber, dimension lumber, poles, ties and siding from logs and bolts. These establishments manufacture lumber which may be rough or dressed by a planing machine in order to achieve uniformity of size and smoothness, but generally it is not further shaped.
Wood preservation establishments produce wood products, lumber, poles and plywood produced in other establishments with preservatives such as creosote and chromated copper arsenate to protect these products against fire and insects and also to prevent decay.