What are the latest figures on the wood processing market’s size and projected CAGR?
The wood processing market size has grown strongly in recent years. It will grow from $210.16 billion in 2024 to $226.22 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to strong economic growth in emerging markets, low interest rates in most developed countries, an increasing demand for cruise ships and growth in residential construction activity.
The wood processing market size is expected to see strong growth in the next few years. It will grow to $293.91 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the increasing construction of wooden buildings, an increasing demand for wooden furniture and increased construction and infrastructure activities globally will drive the market growth. Major trends in the forecast period include use of tracking and tracing technology in timber processing, use of artificial intelligence (AI) in wood processing, adoption of image processing systems in factories, new product launches, focus on strategic partnerships and focus on investments and mergers and acquisitions.
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What are the key drivers behind the rapid expansion of the wood processing market?
Rising demand for furniture is expected to propel the growth of the wood processing market. The rising demand for furniture is driven by factors such as urbanization, increased disposable income, home renovation trends, and the growing popularity of sustainable and customizable designs. Furniture refers to movable objects that are designed to support various human activities, such as seating (chairs, sofas), sleeping (beds), working (desks), and storage (cabinets, wardrobes). The wood processing industry provides high-quality raw materials for furniture manufacturing, enabling the production of diverse, sustainable, and aesthetically pleasing furniture pieces that meet the growing consumer demand for stylish and functional home and office environments. For instance, in February 2024, according to the Furniture Industry Research Association, a UK-based furniture association, the total turnover of the UK furniture manufacturing and furnishing sector in 2022 was $ 11.35 an increase of 9.2 % from the previous year obtained from 6,880 companies. Therefore, rising demand for furniture is driving the wood processing market.
What is the segmentation for the wood processing market?
The wood processing market covered in this report is segmented –
1) By Type: Sawmills, Wood Preservation
2) By Formulation: Residential, Commercial And Industrial, Infrastructural, Other End-User Industries
Subsegments:
1) By Sawmills: Softwood Lumber Production, Hardwood Lumber Production, Timber Processing, Wood Chipping
2) By Wood Preservation: Pressure-Treated Wood, Chemically Treated Wood, Heat-Treated Wood, Fire-Retardant Treated Wood
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Who are the most influential companies in the wood processing market?
Major companies operating in the wood processing market include Canfor Corporation, West Fraser Timber Co. Ltd., Interfor Corporation, UPM-Kymmene Oyj, Weyerhaeuser Company, Sierra Pacific Industries, Inc, Western Forest Products Inc, UFP Industries, Inc, Georgia Pacific, Svenska Cellulosa Aktiebolaget, Kitply, Amandus Kahl Gmbh & Co. Kg, Hangzhou Lin`an Wood-Working Machinery Co.Ltd, Hebei Xinju Furniture Co. Ltd, Qingdao From-Wood New Energy Equipment Co.Ltd, Omni-Tsuda Inc, Izumi Corporation Co.Ltd, Koohei Bussan Co., Ltd, Shreeji Woodcraft Pvt. Ltd., Century Plyboards Ltd, Forestry Corporation of NSW, China Inner Mongolia Forestry Industry Group, Singla Timbers, Oji Group, Luli Group, China Longjiang Forest Industry, EGGER Limited, RTS Forestry, James Jones and Sons Limited, Metsähallitus Forestry Ltd, ATA Timber, Bergs Timber AB, Scottish Woodlands Ltd, Tilhill Forestry, Holmen Timber, Holzindustrie Maresch GmbH, Stora Enso Oyj, Russia Forest Products, LST a.s, Wotan Forest a.s, UNILES Inc, Segezha Group, KPPD-Szczecinek SA, Ilim Timber LLC, Pacific Woodtech, Celulosa Arauco y Constitución, Suzano Papel e Celulose, Toll Maderas SRL, Forestal Las Marías SA, Benevides Madeiras, Valdivia Sawmill, Dafaf Wood Industry LLC, Al Garib Wood Industry LLC, Interpro Wood Industries LLC, Woodworks Factory, The Building Company (Pty) Ltd, Riversdalse Handelshuis Kooperatief Ltd, Macrall Timbers, The F X Group (Pty) Ltd
What are the most influential trends expected to drive the wood processing market forward?
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 being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used. For instance, the Forest Stewardship Council, a leading non-profit organization has developed Online Claims Platform for providing timely information about the FSC’s products and the companies that produce them for free of charge to the FSC Certificate holders. This enables digital connection between FSC certified suppliers and customers.
What are the major regional insights for the wood processing market, and which region holds the top position?
The countries covered in the wood processing market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Does The Wood Processing Market Report 2025 Offer?
The wood processing market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Wood processing refers to numerous techniques that make use of raw wood to produce materials or supplies that are used as the raw materials in the production of a variety of wood-based products, in which chemicals and other additives are frequently added as part of operations to help prepare the raw wood for usage.
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