Forestry And Logging Global Market Sees Growth Rate Of 12% Through 2026

The global forestry and logging market size is expected to grow from $783.54 billion in 2021 to $871.13 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The global forestry and logging market size is expected to grow to $1,347.60 billion in 2026 at a CAGR of 11.5%.

What is the Global Forestry And Logging Market?

The forestry and logging market consists of sales of forestry products and logs by entities (organizations, sole traders, and partnerships) that produce or harvest forestry products and logs and are involved in growing, cutting, and transporting timber, operations of the timber tract, growing trees for reforestation and collecting forest products such as gums, barks, and fibers.

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What drives the Global Forestry And Logging Market?

Wood use as a building material is increasing due to numerous advantages of wood buildings over concrete buildings, thus driving the market for forestry and logging producers. Presently, the building industry is causing 25% of the greenhouse gas emissions globally and therefore the concept of green building construction has evolved which is expected to reduce CO2 emissions and store carbon. Also, constructing buildings with wood will produce very little waste and can be constructed quickly when compared to a concrete building. According to Karl-Henrik Sundström, CEO of Stora Enso indicated, timber is becoming the building material of the future, and therefore to meet the increasing demand from construction industries, the company built its third production unit of manufacturing CLT in Sweden in 2019. Countries such as the US, Japan, and China are also witnessing an increase in wood construction due to its economic and environmental benefits.

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Global Forestry And Logging Market Segments
The global forestry and logging market is segmented:
By Type: Logging, Timber Tract Operations, Forest Nurseries and Gathering of Forest Products
By Offering: Hardware, Software, Services
By Application: Construction, Industrial Goods, Others
By Geography: The regions covered in the forestry and logging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Forestry And Logging Global Market Report 2022provides market size and growth forecasts for the global forestry and logging market, global forestry and logging market share, forestry and logging market segments and geographies, forestry and logging market competitive landscape including leading competitors’ revenues, profiles and market shares. The forestry and logging market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Forestry And Logging Industry Playersinclude Olam International, Resolute Forest Products Inc, Rayonier Inc, Weyerhaeuser Company, Stora Enso Oyj, PotlatchDeltic Corporation, CELULOSA ARAUCO Y CONSTITUCIÓN S.A, and Interfor Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.