Wood Products Industry Trends Drive Demand for Supply Chain Transparency


Global Wood Products Market Report 2021: COVID-19 Impact and Recovery to 2030

The Business Research Company Global Wood Products Market Report 2021: COVID-19 Impact and Recovery to 2030

LONDON, GREATER LONDON, UK, May 11, 2021 /EINPresswire.com/ — Growing demand for supply chain transparency and stringent government regulations on the timber industry have led to the implementation of track and trace technologies, which are essential Wood Products Market Trends. Many forestry companies have implemented their own tracking systems to maintain transparency in their timber supply chain. Electronic tracking is being adopted by forest companies and government agencies rather than paper-based and technologies such as radio frequency identification chips, bar codes and advanced tracking software are being used. For example, the Forest Stewardship Council, a leading non-profit organization, has developed an online complaints platform to provide FSC certificate holders with timely information about FSC products and the companies that produce them free of charge. . This enables a digital connection between FSC-certified suppliers and customers.

Major companies in the wood products industry include Georgia-Pacific Corporation, Weyerhaeuser Company, West Fraser Timber Co Ltd, Andersen Corporation, Celulosa Arauco y Constitución.

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The global wood products market is expected to grow from $624.2 billion in 2020 to $666.3 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $866.3 billion in 2025 at a CAGR of 7%.

Asia-Pacific holds the largest wood products market share, accounting for 39% of the market in 2020. North America is the second largest region, accounting for 27% of the global market. Africa is the smallest region in the global wood products market.

The wood and wood products market is segmented by type into finished wood products, wood processing, manufactured wood materials and by application into residential, commercial.

The sub-segments covered are carpentry, wooden pallets and skids, prefabricated houses, other finished wood products, sawmills, wood preservation, engineered wood, plywood, veneer sheets.

Global Wood Products Market Report 2021: Impact and Recovery from COVID-19 to 2030 is part of a series of new reports from The Business Research Company that provides an overview of the global wood products market, forecasts the wood products market size and growth for the overall market, segments of the Global Wood Products Market and Geographies, Wood Products Market Trends, Wood Products Market Drivers, Restraints, Revenues, Key Competitor Profiles and Market Shares.

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Here is a list of similar reports from the trade research company:
Global Wood Processing Market Report 2021: Impact of COVID-19 and Recovery to 2030

Global Manufactured Wood Materials Market Report 2021: COVID-19 Impact and Recovery to 2030

Global Finished Wood Products Market Report 2021: Impact of COVID-19 and Recovery to 2030

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