A recent report published by Infinium Global Research on timber and wood products market provides an in-depth analysis of segments and sub-segments in the global as well as regional timber and wood products market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional timber and wood products market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global timber and wood products market. According to the report, the global timber and wood products market is projected to grow at a healthy CAGR of over the forecast period of 2019-2025.
In recent years, timber structures in construction have become more popular in recent years. The ways people want to work and live are changing and driving demand for walkable communities, mixed-use developments and high-density housing in urban centers and the suburbs. Commercial clients are demanding new kinds of workspaces defined by openness and collaboration. Multifamily owners are transferring those desires to the residential space with units featuring open floor plans and amenity-rich common areas. Timber has found a wide range of applications in various sectors such as construction, furniture, and energy generation.
The rapidly growing construction industry is the major driving factor for the timber and wood products market. Furthermore, increasing demand for paper-based packaging, growing use of furniture, increasing use of timber for railway sleepers are other driving factors of the market growth. The most important use of timber is in the pulp and paper industry. This industry is constantly expanding and it creates an ever-increasing demand for timber. Timber is versatile, light, easy to install and can be worked with simple equipment. Timber has a wide variety of uses in construction and as an industrial raw material. However, the availability of alternatives to timber is restraining the growth of the market. Moreover, improved traceability and transparency in the timber logistics market due to the increasing adoption of blockchain technology is expected to provide growth opportunities to the market players.
Geographically, North America dominates the global timber and wood products market owing to the large use of timber and wood products in the United States followed by Canada. Europe is the second-largest market for timber and wood products. Asia-Pacific is expected to grow with a high CAGR in the future due to the large use of timber in countries such as China & Japan. China Imports wood products from the US and Europe.
The report on global timber and wood products market covers segments such as timber type, and applications. On the basis of timber type, the sub-markets include cedar, fir, pine, ash, beech, birch, mahogany, maple, oak, and other types. On the basis of applications, the sub-markets include industrial round wood, fuel wood, and other applications.
The report provides profiles of the companies in the market such as West Fraser Timber Co Ltd, Canfor, Weyerhaeuser, Stora Enso, Georgia Pacific, Resolute Forest Products, Interfor, Sierra Pacific Industries, Hampton Affiliates, Arauco, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of timber and wood products market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.