What is Wood Products Market?
Wood products are subject to attack under a variety of uses and environments however, each of these situations accurately repeats one or more components of the natural environment for that particular decay organism. The demand for wood products and fuel has led to extensive logging operations throughout the wet tropics.
Highlights from Wood Products Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Weyerhaeuser (United States), SCA (Svenska Cellulosa AB SCA) (Sweden), UPM (Finland), Oji Paper Company (Japan), Georgia-Pacific (United States), Celulosa Arauco y Constitución (Chile), West Fraser Timber (Canada) and Andersen Corporation (United States) |
Global Wood Products is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Weyerhaeuser (United States), SCA (Svenska Cellulosa AB SCA) (Sweden), UPM (Finland), Oji Paper Company (Japan), Georgia-Pacific (United States), Celulosa Arauco y Constitución (Chile), West Fraser Timber (Canada) and Andersen Corporation (United States) are some of the key players profiled in the study. Wood Products Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Household Uses, Construction and Fencing, Commercial, Sports and Others |
Type | Solid Wood Products, Fiber Wood Products and Chemical Wood Products |
On the basis of geography, the market of Wood Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Asia Pacific region held largest market share in the year 2022. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Popularity of Environmentally Products and Growing Population around the Globe
Market Growth Drivers:
Increasing Demand for Supply Chain Transparency and Increasing Application of Wood Products
Challenges:
Stringent Regulatory Guidelines on the Wood Products
Restraints:
Risk Related to Vulnerability to Water Damage, Fire, Decay, and Termites
Opportunities:
Stringent Government Regulations on the Wood Industry has led to the Implementation of Tracking and Tracing Technologies
Key Target Audience
Wood Products Manufacturers, Wood Products Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 12th October 2021, West Fraser Timber has acquired U.S. South Lumber Mill. The combination is expected to provide an update and further details about the transaction on West Fraser's third quarter earnings. With this acquisition West Fraser continued expansion of its U.S. lumber operations.
As per the Environmental Protection Agency, “composite wood products must be labelled as TSCA Title VI compliant. These products include: hardwood plywood, medium-density fibreboard, and particleboard, as well as household and other finished goods containing these products.”