We are monitoring the impact of COVID-19 on Forestry and Logging Market Get in touch with us for detailed analysis Know More
Pulished Date August, 2021
ID: 11918
Share on
Share on

Forestry and Logging Market Segmentation by Type (Logging, Timber Tract Operations, Forest Nurseries and Gathering of Forest Products), By Application (Construction, Industrial Goods, Others), and Region - Industry Analysis, Share, Growth and Forecast 2021-2026.

Pulished: August, 2021
ID: 11918
Pages: 175

Forestry and Logging Market Size & Growth 2021-2026:

The forestry and Logging Market is estimated at USD 285.2 billion in 2021 and is expected to reach a revised size of US $ 438.5 billion by 2026, growing at a CAGR of 6.3% over the period 2021-2026.

The Forestry and Logging Market consists of the sale of logs and forest products by entities (organizations, individual traders, and associations) that produce or harvest logs and forest products and are involved in the cultivation, felling, and harvesting. Timber transport, forest area operations, growing trees for reforestation, and collecting forest products such as gums, bark, and fibers.  Forest and logging industry companies cultivate and harvest timber on a production cycle of 10 years or more.

Companies in this industry are specialized in the different stages of the production cycle. Reforestation requires the production of seedlings in specialized nurseries. In the long term, wood production requires appropriate areas of land or natural forests. The ripening time of the wood depends on the species of tree, the climatic conditions of the region, and the destination of the wood. Logging (except on a very small scale) requires advanced machinery specific to the industry. Companies in the sector collect forest products such as gums, bark, balm needles, rhizomes, fibers, Spanish moss, ginseng, and truffles. The growth of the forestry and logging market during the historic period has been driven by growth in residential construction activity, increasing demand for cruise ships, increased demand for paper and tissue products, and economic growth in emerging markets. This growth has been limited by forest fires and geopolitical tensions.

Impact of COVID-19 on Forestry and Logging Market:

The COVID-19 pandemic has had, often devastatingly affected all aspects of global societies and economies. This has created challenges for the ability of the forest sector to function from long-term challenges for economic viability to the recovery of supply chains and working conditions. The pandemic has simultaneously highlighted the global need for forest products. From personal protective appliances, building materials, sanitary needs, packaging to energy, and a variety of other uses, wood, and wood fibers are essential in our day-to-day lives. The global forestry and logging market is suffering from the COVID-19 pandemic due to construction delays, market access, and logistics issues related to transportation and border regulations. Labor shortages due to the impact of COVID-19 have also hampered the growth of the forestry and logging market. Research on COVID-19 provides current techniques and alternative methods to mitigate the impact of Coronavirus on Forestry and Logging Market incomes.

Companies are reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures, including social distancing, remote working, and the shutdown of business activities which resulted in operational challenges.

Recent Developments:

  • In 2021, West Fraser Timber Co Ltd completed the acquisition of Norbord Inc for a whopping 4 billion USD and is looking forward to lower carbon emissions in the forestry and logging industry.
  • In 2020, Rayonier Inc. entered into a definitive merger agreement with Pope Resources for 554 million USD to significantly expand and enhance their Pacific Northwest timberland and real estate portfolio.

Drivers and Restraints:

Drivers:

Increased construction of wooden buildings, adoption of automated forest management, increased use of biomass, and growing demand for wooden furniture are expected to drive the forestry and logging market. The timber used as a building material is increasing due to the many advantages of timber buildings over concrete buildings, which is boosting the market for forest and timber producers. Aerial seed bombardment is adopted for planting trees in a large area. Aerial reforestation is the process of dropping sharp containers of saplings from planes that can plant nearly a million trees every day. The falling cans are made of biodegradable materials and contain a seedling filled with soil and nutrients.

Advanced techniques in logging methods have improved safety, fiber utilization, environmental protection, and productivity with minimal damage to residual trees. The various improved logging methods are logging/carrier systems, cable logging systems, and helicopter logging. Harvester or forwarder type felling is more common in northern and central Europe and its use is expected to increase in the future due to its economic, ergonomic, and ecological advantages over motorized / manual felling (saw/drag).

Restraints:

Strict regulations, alternative building materials, labor shortages, and the impact of COVID-19 are major factors that could hamper the growth of the forestry and logging market in the future. Strict regulations have always been a big challenge for the forestry and logging market. In response to natural disasters allegedly caused by deforestation, various countries around the world have imposed full or partial logging prohibitions on natural forests. Therefore, banning or restricting wood products is seen as a corrective measure aimed at promoting forest conservation and protection and securing broader forest benefits for future generations.

FORESTRY AND LOGGING MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

6.3%

Segments Covered

By Type, By Application

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

West Fraser Timber Co Ltd, Canfor, Weyerhaeuser Company, Hancock Victorian Plantations, Forestry Corporation of NSW, Rayonier Inc., China Forestry Group Corporation, And Potlatch Deltic Corporation.

Market Segmentation:

Forestry and Logging Market By Type:

logging was the largest market segment with 89.5% of the total market in 2021. The logging segment will be the most rapidly growing segment in the global forestry and logging market, with a CAGR of 9.0 % in the future.

Forestry and Logging Market By Application:

Construction is the fastest-growing segment in the forestry and logging market representing 43.3% of its overall market in 2021, it is the largest segment in the industry and is expected to grow most rapidly in the future with a CAGR of 10.3%.

Regional analysis:

  • In 2020, Asia-Pacific was the largest region in the worldwide forestry and logging market, accounting for 38% of the total.
  • North America was the second-largest region with 22% of the world market.
  • Europe is expected to have the highest CAGR in the near future. Rising exports and imports and growing demand for the various plant production are likely to leverage the growth rate of the market.
  • Latin America is esteemed to have growth opportunities in the coming years.
  • The Middle East & Africa was the smallest region in the world’s Forestry and Logging Market.

Leading company:

West Fraser Timber Co Ltd is the world's largest timber producer with 8,460,000 cubic meters produced annually and is the leading company in the global forestry and logging market.

Key players:

The major key players in the global forestry and logging market include West Fraser Timber Co Ltd, Canfor, Weyerhaeuser Company, Hancock Victorian Plantations, Forestry Corporation of NSW, Rayonier Inc., China Forestry Group Corporation, And Potlatch Deltic Corporation.

1. Introduction                        

            1.1 Market Definition              

            1.2 Scope of the report                      

            1.3 Study Assumptions                       

            1.4 Base Currency, Base Year and Forecast Periods             

2. Research Methodology                               

            2.1 Analysis Design                

            2.2 Research Phases              

                        2.2.1 Secondary Research     

                        2.2.2 Primary Research          

                        2.2.3 Data Modelling   

                        2.2.4 Expert Validation

            2.3 Study Timeline                  

3. Report Overview                             

            3.1 Executive Summary                      

            3.2 Key Inferencees               

4. Market Dynamics                            

            4.1 Impact Analysis                 

                        4.1.1 Drivers   

                        4.1.2 Restaints

                        4.1.3 Opportunities     

            4.2 Regulatory Environment               

            4.3 Technology Timeline & Recent Trends                 

5. Competitor Benchmarking Analysis                         

            5.1 Key Player Benchmarking             

                        5.1.1 Market share analysis    

                        5.1.2 Products/Service           

                        5.1.3 Regional Presence        

            5.2 Mergers & Acquistion Landscape             

            5.3 Joint Ventures & Collaborations                

6. Market Segmentation                                  

            6.1 Forestry and Logging Market, By Type                 

                        6.1.1 Logging 

                        6.1.2 Timber Tract Operations

                        6.1.3 Forest Nurseries

                        6.1.4 Gathering of Forest Products    

                        6.1.5 Market Size Estimations & Forecasts (2021-2026)        

                        6.1.6 Y-o-Y Growth Rate Analysis       

                        6.1.7 Market Attractiveness Index       

            6.2 Forestry and Logging Market, By Application                    

                        6.2.1 Construction      

                        6.2.2 Industrial Goods

                        6.2.3 Others   

                        6.2.4 Market Size Estimations & Forecasts (2021-2026)        

                        6.2.5 Y-o-Y Growth Rate Analysis       

                        6.2.6 Market Attractiveness Index       

7. Geographical Landscape                            

            7.1 Global Identity Governance and Administration Market, by Region

            7.2 North America - Market Analysis (2021- 2026)                

                        7.2.1 By Country         

                                    7.2.1.1 USA

                                    7.2.1.2 Canada

                        7.2.2 By Type 

                        7.2.3 By Application    

            7.3 Europe                  

                        7.3.1 By Country         

                                    7.3.1.1 UK

                                    7.3.1.2 France

                                    7.3.1.3 Germany

                                    7.3.1.4 Spain

                                    7.3.1.5 Italy

                                    7.3.1.6 Rest of Europe

                        7.3.2 By Type 

                        7.3.3 By Application    

            7.4 Asia Pacific                       

                        7.4.1 By Country         

                                    7.4.1.1 China

                                    7.4.1.2 India

                                    7.4.1.3 Japan

                                    7.4.1.4 South Korea

                                    7.4.1.5 South East Asia

                                    7.4.1.6 Australia & NZ

                                    7.4.1.7 Rest of Asia-Pacific

                        7.4.2 By Type 

                        7.4.3 By Application    

            7.5 Latin America                    

                        7.5.1 By Country         

                                    7.5.1.1 Brazil

                                    7.5.1.2 Argentina

                                    7.5.1.3 Mexico

                                    7.5.1.4 Rest of Latin America

                        7.5.2 By Type 

                        7.5.3 By Application    

            7.6 Middle East and Africa                  

                        7.6.1 By Country         

                                    7.6.1.1 Middle East

                                    7.6.1.2 Africa

                        7.6.2 By Type 

                        7.6.3 By Application    

8. Key Player Analysis                         

            8.1 West Fraser Timber Co Ltd                      

                        8.1.1 Business Description     

                        8.1.2 Products/Service           

                        8.1.3 Financials           

                        8.1.4 SWOT Analysis  

                        8.1.5 Recent Developments   

                        8.1.6 Analyst Overview           

            8.2 Canfor                  

            8.3 Weyerhaeuser Company              

            8.4 Hancock Victorian Plantations                   

            8.5 Forestry Corporation of NSW                   

            8.6 Rayonier Inc                     

            8.7 China Forestry Group Corporation                       

            8.8 PotlatchDeltic Corporation            

9. Market Outlook & Investment Opportunities                                   

10. Appendix                          

            List of Tables              

            List of Figures            

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Forestry and Logging Market By Region, From 2021-2026 ( USD Billion )
  2. Global Forestry and Logging Market By Type, From 2021-2026 ( USD Billion )
  3. Global Logging Market By Region, From 2021-2026 ( USD Billion )
  4. Global Timber Tract Operations Market By Region, From 2021-2026 ( USD Billion )
  5. Global Forest Nurseries Market By Region, From 2021-2026 ( USD Billion )
  6. Global Gathering of Forest Products Market By Region, From 2021-2026 ( USD Billion )
  7. Global Forestry And Logging Market By Application, From 2021-2026 ( USD Billion )
  8. Global Construction Market By Region, From 2021-2026 ( USD Billion )
  9. Global Industrial Goods Market By Region, From 2021-2026 ( USD Billion )
  10. Global Others Market By Region, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample