About Wood Chip
Wood chips are small and medium sized pieces of wood which are formed by chipping and cutting from larger chunks of wood. Wood chips can be attained through either hardwood or softwood materials. These chips can be cut through literally any wood, from pulp wood to any kind of residue wood. Wood chips main applications include their use in furniture creation, residential heating, small bio reactors fuel, combined heat and power applications and many more. The market of wood chips is set to increase further with increasing investments in commercial forestry and rising demand for wood based furniture. This is also fuelled by rising disposable incomes. Geographically, Asia Pacific is expected to emerge as a prominent market, due to large population and emerging economies in the region.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Evoworld (United States), Verdo A/S (Denmark), St.Boniface Pallet Company Ltd. (Canada), Sojitz Corporation (Japan), Mitsui & Co., Ltd. (Japan), Cogent Forest Products (United States), American Wood Resources, LLC (United States), West Fraser Timber Co. Ltd. (Canada) and Interfor Corporation are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Axpo Holding AG (Switzerland), Weyerhaeuser Company (United States) and Great Northern Timber Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Wood Chip market by Type (Forest Chips, Wood Residue Chips, Sawing Residue Chips and Short Rotation Forestry Chips), Application (Furnishing, Combined Heat and Power, Residential Heating and Others) and Region.
On the basis of geography, the market of Wood Chip has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material , the sub-segment i.e. Softwood will boost the Wood Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Wood Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Pulp Wood will boost the Wood Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surge in Construction Activities, Specifically Household Furniture
Market Growth Drivers:
Increasing Investment in Commercial Forestation and Rising Disposable Income with Increasing Urbanisation
Challenges:
Negative Environmental Effects Associated with Tree Cutting, thus Sustainable Planned Forestry Required
Restraints:
Stringent Environmental Regulations on Tree Cutting
Opportunities:
Pulp Wood Market is set to Exponentially Increase over the Coming Years
Market Leaders and their expansionary development strategies
In 2021, West Fraser Timber Co. Ltd., Canada based one of the largest wood products company has announced completion of acquisition of Norbord Inc., which is leader in manufacturing of oriented standard boards and wood based panels. The acquisition will significantly improve the capabilities and capacities of both the companies combining their assets, expertise and synergies.
Key Target Audience
Wood Chips Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.