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.
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.
Drivers and Restraints:
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).
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.
Market Size Available
2021 – 2026
2021 - 2026
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
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.
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.
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%.
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.
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.
1.1 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
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Forestry and Logging Market, By Type
6.1.2 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
6.2.2 Industrial Goods
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
7.2.2 By Type
7.2.3 By Application
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
184.108.40.206 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
220.127.116.11 Middle East
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
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
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
List of Tables
List of Figures