Wood Plastic Composite Floorings Global Market Report 2023 – By Type (Polyethylene, Polyvinylchloride, Polypropylene, Other Types), By Thickness (4 MM, 5 MM, 5.5 MM, 6.5 MM, Above 8 MM), By Application (Commercial Buildings, Residential Buildings, Retail Outlets, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

A wood plastic composite is a board or timber manufactured product made from wood chip fibres and recycled plastic, such as high-density polyethylene and low-density polyethylene. It is used for outdoor cladding, decking, railings, fences, flooring, and landscaping. The main types of resins in the wood plastic composite are polyethylene (PE), high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polypropylene (PP), polyvinyl chloride (PVC), polylactide (PLA) and others. Polyethylene refers to light, versatile synthetic resin made from the polymerization of ethylene. The processes include the extrusion method, injection molding method and others, that are used for building and construction, automotive, consumer goods and others. The global wood plastic composite market is segmented - 1) By Resin Type: Polyethylene (PE), High-density polyethylene (HDPE), Low-density polyethylene (LDPE), Linear Low-density polyethylene (LLDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polylactide (PLA), Other Resin Types 2) By Process: Extrusion Method, Injection Molding Method, Other Processes 3) By End-use Industry: Building And Construction, Automotive, Consumer Goods, Other End-Use Industries The global wood plastic composite market is expected to grow from $5.49 billion in 2022 to $6.19 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the wood plastic composite market is expected to grow to $9.57 billion in 2027 at a CAGR of 11.5%. An increase in construction activities is significantly contributing to the growth of the wood plastic composite market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. Wood plastic composite is used in construction activities to substitute wood for steel joists and beams in buildings. For instance, In June 2021, according to a report published by Canada's national statistical agency, the investment in building construction increased from $14294 million in April 2019 to $19273 million in 2020. Furthermore, in the 2022 U.S. Construction Cost Trends report, in the U.S., there is a rise in residential construction which will continue to drive up demand for materials and labor, escalating competition and cost pressures. In the U.S., total construction spending has increased by 16% since the pandemic's onset. Therefore, the increase in construction activities is driving the growth of the wood plastic composite market. Major players in the wood plastic composite market are Trex Company Inc., Advanced Environmental Recycling Technologies Inc., UFP Industries Inc., Fiberon LLC, TAMKO Building Products Inc., TimberTech, Axion International Inc., Beologic, CertainTeed, Fkur Kunststoff GmbH, JELU-WERK Josef Ehrler GmbH & Co. KG, Polymera Inc., Polyplank AB, Aimplas, Shanghai Seven Trust Industry Co.Ltd.,and Dow. Technological innovation is a key trend in the wood plastic composite market. Major players in the market are increasingly using innovative wood plastic composites for cladding. It is used to cover the outside of buildings, giving them a natural wood-like look. Cladding is a covering made of tiles, wooden boards, or other materials that are affixed to the exterior of a structure in order to provide weather protection or to improve the building's appearance. For instance, in Feb 2022, MoistureShield, a US-based boarding company, launched an innovative wood plastic composite product called MoistureShield Cladding. The new coating is shielded on all four sides from insect damage, bending, rotting, and moisture absorption by MoistureShield’s proprietary Solid Core manufacturing process. In March 2022, Sonoco, a US-based consumer packaging provider, acquired Wood Composites Technology for an undisclosed amount. Through this acquisition, Sonoco is expected to become a full-line provider of reels for the wire and cable sectors with the addition of composite reels to its Baker(R) wood and steel reels. Wood Composites Technology is a US-based manufacturer of wood plastic composites. Asia-Pacific was the largest region in the wood plastic composite market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wood plastic composite report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wood plastic composite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The wood plastic composite market consists of sales of thermoplastic resin wood plastic composite, multifunctional polymer composites, and Polyolefin wood plastic composite. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood plastic composite market research report is one of a series of new reports from The Business Research Company that provides wood plastic composite market statistics, including wood plastic composite industry global market size, regional shares, competitors with a wood plastic composite market share, detailed wood plastic composite market segments, market trends and opportunities, and any further data you may need to thrive in the wood plastic composite industry. This wood plastic composite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wood flooring is a flooring product that is manufactured from timber or other types of wood. This wood flooring is used for insulating the house and providing an aesthetic look to the house flooring. The products involved in wood flooring are solid wood, laminated wood, and engineered wood. Solid wood is a type of lumber that is made directly from trees. The various distribution channels involved are home centers, flagship stores, specialty stores, online, and others with residential and commercial end uses. The global wood flooring market is segmented - 1) By Product: Solid Wood, Laminated Wood, Engineered Wood 2) By Distribution Channels: Home Centres, Flagship Stores, Speciality Stores, Online, Other Distribution Channels 3) By End Use: Residential, Commercial The global wood flooring market size is expected to grow from $47.57 billion in 2022 to $50.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wood flooring size is expected to grow to $62.19 billion in 2027 at a CAGR of 5.4%. The rising demand for housing facilities with eco-friendly designs is expected to propel the growth of the wood flooring market going forward. Eco-friendly housing facilities are housing features such as roof and flooring that is not harmful to the environment. Wood flooring is eco-friendly as it uses natural materials and can be used in sustainable housing. For instance, according to the Realtors and Sustainability Survey Report in March 2021, among 5,048 US members of the National Association of Realtors which included a population constituted 67% by sales agents and 14% by associate brokers to understand the sustainability issues faced, published by the National Association of Realtors (NAR), a US-based trade association of the real estate industry, in the USA, 65% of respondents said that the energy efficiency feature in property was very or somewhat valuable. More than 50% agreed that their clients were interested in sustainability and nearly one-third of the respondents were involved in selling or buying houses with green or eco-friendly features. Therefore, the growing demand for housing facilities with eco-friendly designs is driving the wood flooring market forward. Major players in the wood flooring market are Mohawk Industries Inc., Armstrong Flooring Inc., Beaulieu International Group, Shaw Industries Group Inc., Boral Limited, Mannington Mills Inc., Tarkett S.A., British Hardwood Flooring, Kahrs Group, E.P. Co. Inc., Wickes Ltd., Home Legend LLC, Somerset Hardwood Flooring Inc., Provenza Floors Inc., Doma Flooring GmbH, East Teak Fine Hardwood Inc., Forestry Innovation Consulting India Pvt. Ltd., Frank A. Edmunds & Co. Inc., and Greenlam Industries Ltd. Technological innovations are a key trend gaining popularity in the wood flooring market. Major companies in the market are introducing products based on innovative technologies to sustain their position in the market. For instance, in June 2020, Välinge Innovation, a Sweden-based manufacturer of innovative flooring solutions, launched flooring products under the name Välinge Flooring. The new product line is based on Valinge’s Woodura surface technology. It has a thin sheet of real wood fused with a wood fiber core by a powder mix layer. The powder mix gets accumulated in the natural openings of wood and enhances the strength and durability of the product while improving its aesthetics of it. The new flooring is claimed to be three to five times stronger than other hardwood floorings. In May 2022, Bauwerk Group AG, a Switzerland-based parquet manufacturer acquired Somerset Hardwood Flooring for an undisclosed amount. The acquisition will strengthen the global profile of Bauwerk and help it gain a stronger presence in the North American flooring market. Somerset Hardwood Flooring is a US-based manufacturer of hardwood flooring products. Asia-Pacific was the largest region in the wood flooring market in 2022. The regions covered in the global wood flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wood flooring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The wood flooring market consists of sales of composite wooden flooring, parquet flooring, bamboo flooring, and cork flooring. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood flooring market research report is one of a series of new reports from The Business Research Company that provides wood flooring market statistics, including the wood flooring industry global market size, regional shares, competitors with wood flooring market share, detailed wood flooring market segments, market trends, and opportunities, and any further data you may need to thrive in the wood flooring industry. This wood flooring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Wood packaging refers to the packaging made of wood, used to pack, transport, handle, preserve, present, and add value to products such as Veggies and fruits, seafood, fish, spirits, and wines. Wood packaging helps reduce the carbon footprint. The main types of wood packaging include pallets, boxes and bins, crates and cases, spools, and dunnage. Pallets refer to platforms made of wood or metal called a pallet is used to store items so that forklift trucks may lift and transfer them. The packaging is made of different materials including hardwood, softwood, and plywood used for different applications food and beverages storage, transportation, industrial, shipping, and others. The global wood packaging market is segmented - 1) By Type: Pallets, Boxes And Bins, Crates And Cases, Spools, Dunnage 2) By Material: Hardwood, Softwood, Plywood 3) By Application: Food And Beverages Storage, Transportation, Industrial, Shipping, Other Applications The global wood packaging market size is expected to grow from $11.27 billion in 2022 to $11.84 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wood packaging market is expected to grow to $14.36 billion in 2027 at a CAGR of 5.0%. The rising popularity of sustainable and environment-friendly packaging is expected to propel the wood packaging market. Sustainable packaging refers to eco-friendly material used to ship, wrap, and store products. Consumers across the world are showing interest in sustainable packaging that is recyclable and environmentally friendly, and wood packaging is one of the sustainable packaging alternatives. For instance, in April 2021, according to Food Dive, a US-based journal website, two-thirds (67%) of consumers considered recyclable and environmentally friendly packaging. More than half (54%) consider sustainable packaging while selecting a product. Among the consumers aged 44 years and younger, 83% of them reported that they are willing to pay more for sustainable packaging than 70% of all consumers. Therefore, the rising popularity of sustainable and environment-friendly packaging drives the wood packaging market. Major players in the wood packaging market are Brambles Ltd., Greif Inc., Mondi Group, Nefab AB, PalletOne Inc., Rowlinson Packaging Ltd., Shur-way Group Inc., UFP Industries Inc., Hemant Wooden Packaging, Spruce Pax Private Limited, SHREE SAIRAM INDUSTRIAL CORPORATION, Rajat Packers, Totre Industries, Cox Co, PACKXPERT INDIA PVT Ltd., CHEP, C&K Box Company Inc., and InterAgra s.c. Technological advancement is a key trend in the wood packaging market. Major companies operating in the wood packaging market are advancing in their new technologies and research and developments in the wood packaging market. For instance, in January 2022, Pujolasos, a Spain-based wood packaging company, launched Woorigin. This new patented mono-material innovation offers unique features, including a mono-material wooden cap, free of glues and plastics and 100% PEFC or FSC wood certification. It is based on click technology that further enhances the user experience. In December 2020, UFP Industries, a U.S.-based company operating in the wood packaging market, acquired PalletOne Inc. for $232 million. As a result of the acquisition, PalletOne would help the company get closer to its goal of becoming the preferred wood preserver and supplier of packaging solutions worldwide by bringing a strong brand, a new customer base, and operating excellence. PalletOne, Inc is a US-based pallet manufacturer operating in the wood packaging market. North America was the largest region in the wood packaging market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global wood packaging market report during the forecast period. The regions covered in the global wood packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wood packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The wood packaging market consists of sales of wooden reels and drums. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood packaging market research report is one of a series of new reports from The Business Research Company that provides wood packaging market statistics, including the wood packaging industry's global market size, regional shares, competitors with a wood packaging market share, detailed wood packaging market segments, market trends and opportunities, and any further data you may need to thrive in the wood packaging industry. This wood packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Woodworking and paper machinery refers to the equipment that deals with wood and paper products. The main types of woodworking and paper machinery are paper industry machinery and woodworking machinery. The paper industry machinery refers to the machinery that is used in making papers and creating a large amount of paper. The various machine types are forming machines, pressing machines, drying machines, sizer machines, and other types. The various Asia-Pacific is small, medium, and large. The various operation includes autonomous, semi-autonomous, and manual. The global woodworking and paper machinery market is segmented - 1) By Type: Paper Industry Machinery, Woodworking Machinery 2) By Machine Type: Forming Machines, Pressing Machines, Drying Machines, Sizer Machines, Other Machine Types 3) By Operation: Autonomous, Semi-autonmous, Manual 4) By Capacity: Small, Medium, Large Subsegments Covered: Pulp Making Machinery, Paper And Paperboard Making Machinery, Paper And Paperboard Converting Machinery, Other Paper Industry Machinery The global woodworking and paper machinery market size grew from $40.51 billion in 2022 to $43.77 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global woodworking and paper machinery is expected to grow to $57.78 billion in 2027 at a CAGR of 7.2%. The increasing demand from the construction industry for wooden homes or wood-framed homes is expected to drive the woodworking and paper machinery market. Woodworking machinery is used for processing wood components such as cross-laminated timber (CLT) and laminated veneer lumber (LVL) used in wooden houses. For example, according to US based housing trade association, National Association of Home Builders (NAHB), for 2021 completions, 92% of new homes in the US were wood-framed. There were 895,000 wood-framed homes completed in 2021, which was an 8% gain over the 2020 total. Hence, the increasing demand from the construction industry is expected to drive the growth of the woodworking and paper machinery market in the forecast period. Major companies in the woodworking and paper machinery market include Mitsubishi Heavy Industries Ltd., Bobst Group SA, and Terex Corporation, Dream International Limited, Adidas, Integrity Toys Inc., JAKKS Pacific Inc., and LEGO Group. Automation is a new technology manufactured by the sawmill, and woodworking machinery manufacturers as it provides faster, efficient, and optimum production and minimizes waste. Automated sawmills and woodworking machinery perform tasks without human intervention. These automated machinery include Roundwood handling and cutting systems, fully automated debarking systems, and X-ray scanners. Western Europe was the largest region in the woodworking and paper machinery market in 2022. The Asia-Pacific was the second largest region of the global woodworking and paper machinery market share. The regions covered in the global woodworking and paper machinery industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries in the woodworking and paper machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The woodworking and paper machinery market consists of sales of circular and band sawing equipment, planning machinery, and sanding machinery, and/or manufacturing paper industry machinery for making paper and paper products, such as pulp making machinery, paper and paperboard making machinery, and paper and paperboard converting machinery. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The woodworking and paper machinery market research report is one of a series of new reports from The Business Research Company that provides woodworking and paper machinery market statistics, including woodworking and paper machinery industry global market size, regional shares, competitors with a woodworking and paper machinery market share, detailed woodworking and paper machinery market segments, market trends and opportunities, and any further data you may need to thrive in the woodworking and paper machinery industry. This woodworking and paper machinery market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wood products refer to a collective term for all the goods and furniture manufactured from wood, including tables, chairs, beds, sofas, countertops, cutting boards, and other products. The main types of wood products are finished wood products, wood processing, and manufactured wood materials. Wood processing is a technical discipline that includes the manufacture of forest goods including pulp and paper, building components, and tall oil. The different applications include residential and commercial. The products are distributed through offline and online channels. The global wood products market is segmented – 1) By Type: Finished Wood Products, Wood Processing, Manufactured Wood Materials 2) By Application: Residential, Commercial 3) By Distribution Channel: Offline, Online Subsegments Covered: Millwork, Wood Pallets & Skids, Prefabricated Home, Other Finished Wood Products, Sawmills, Wood Preservation, Reconstituted Wood, Plywood, Veneer Sheets The global wood products market size will grow from $696.78 billion in 2022 to $748.01 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of wood products is expected to grow to $964.41 billion in 2027 at a CAGR of 6.6%. Faster Economic Growth - The wood products manufacturing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth reached 3.3% in 2021 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period. Major companies in the wood products market include Weyerhaeuser Company, LIXIL Group, UFP Industries Inc., JELD-WEN Inc., West Fraser Timber Co. Ltd., Canfor Corporation, CELULOSA ARAUCO Y CONSTITUCIÓN S.A., Louisiana-Pacific Corporation, upm-kymmene oyj and Builders FirstSource. Corona virus Pandemic - The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the wood products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the wood products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to the implementation of tracking and tracing technologies. Many wood companies have implemented their own tracking systems to maintain transparency in their timber supply chain. Electronic tracking is being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used. For instance, the Forest Stewardship Council, a leading non-profit organization has developed Online Claims Platform for providing timely information about the FSC's products and the companies that produce them for free of charge to FSC Certificate holders. This enables digital connection between FSC-certified suppliers and customers. Asia-Pacific was the largest region in the wood products market in 2022. North America was the second largest region in the wood products market share. The regions covered in the wood products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wood products market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The wood products market consists of sales of solid-wood products, pulp and paper products, plywood, timbers, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood products market research report is one of a series of new reports from The Business Research Company that provides wood products market statistics, including wood products industry global market size, regional shares, competitors with a wood products market share, detailed wood products market segments, market trends and opportunities, and any further data you may need to thrive in the wood products industry. This wood products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wood processing refers to numerous techniques that make use of raw wood to produce materials or supplies that are used as the raw materials in the production of a variety of wood-based products, in which chemicals and other additives are frequently added as part of operations to help prepare the raw wood for usage. The main wood processing types are sawmills and wood preservation. Wood preservation is referred as the pressure or thermal impregnation of chemicals into wood. Long-term resistance to fungus, bacteria, insects, and marine borers is achieved by this procedure. The different sectors include residential, commercial, infrastructural, other end-user industries. The global wood processing market is segmented – 1) By Type: Sawmills, Wood Preservation 2) By End-user Industry: Residential, Commercial, Infrastructural, Other End-user Industries The global wood processing market size will grow from $142.89 billion in 2022 to $152.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of wood processing is expected to grow to $195.18 billion in 2027 at a CAGR of 6.3%. The wood processing market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period. Major companies in the wood processing market include West Fraser Timber Co. Ltd., Canfor Corporation, upm-kymmene oyj, UFP Industries, Inc., Interfor Corporation, Sierra Pacific Industries, Inc., Koppers Inc., Northwest Hardwoods, Inc., Svenska Cellulosa Aktiebolaget, and Marubeni. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the wood processing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the wood processing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing demand for supply chain transparency and stringent government regulations on the wood industry has led to the implementation of tracking and tracing technologies. Many wood companies are implementing their own tracking systems to maintain transparency in their timber supply chain. Electronic tracking is being adopted by wood companies and government agencies over paper-based systems and technologies such as radio-frequency identification chips, barcodes and advanced traceability software are being used. For instance, the Forest Stewardship Council, a leading non-profit organization has developed Online Claims Platform for providing timely information about the FSC’s products and the companies that produce them for free of charge to the FSC Certificate holders. This enables digital connection between FSC certified suppliers and customers. Asia-Pacific was the largest region in the wood processing market in 2022. North America was the second largest region in the wood processing market share. The regions covered in the wood processing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wood processing market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The wood processing market includes revenues earned by entities by producing sawdust and a collection of bark, branches, and leaves or needles. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood processing market research report is one of a series of new reports from The Business Research Company that provides wood processing market statistics, including wood processing industry, global market size, regional shares, competitors with a wood processing market share, detailed wood processing market segments, market trends and opportunities, and any further data you may need to thrive in the wood processing industry. This wood processing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Wood preservatives are chemicals that can control wood degradation problems due to fungal rot or decay, sapstain, molds, or wood-destroying insects. It is mainly used to increase the durability and resistance of wood, timber, wood structures, or engineered wood. The main types of formulations in the wood preservative market are water-based, solvent-based, and oil-based. Water-based preservatives are widely used for fence posts, lumber, plywood, poles, pilings, and timbers to prevent fungal decay and insect attack. Solvent-based preservatives are composed of approximately 10% active ingredient and 90% organic solvent, which is usually white spirit or other petroleum-based hydrocarbons. Oil-based or oil-borne preservatives are generally insoluble in water, so they are dissolved in petroleum or other organic solvents to penetrate the wood. These are used by various sectors, including residential, commercial, and industrial. Wood preservatives are used in cabinets and decks, doors and windows, wood flooring, railroad ties, and others. The global wood preservatives market is segmented - 1) By Formulation: Water-Based, Solvent-Based, and Oil-Based 2) By End User: Residential, Commercial, or Industrial 3) By Application: Cabinets and Decks, Doors & Windows, Wood Flooring, Railroad Ties, Other Applications The global wood preservatives market size grew from $1.77 billion in 2022 to $1.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global wood preservatives is expected to grow to $2.37 billion in 2027 at a CAGR of 5.9%. An increase in demand for wood in various applications is expected to drive the market growth of wood preservatives during the forecast period. Due to the increase in population and industrialization, the demand for wood products is growing across the globe. Wood is a rich source of energy, housing, firewood, timber, and fodder; therefore, the demand for wood is improving from various applications such as construction, pulp and paper, furniture, and others. For instance, in September 2021, according to a report published by the International Tropical Timber Organization, a Japan-based intergovernmental organization for the conservation of tropical forest resources, the demand for wood by "plywood and other wood-based industries" is expected to increase sharply from 15 million m3 in 2021 to more than 57 million m3 in 2030. The furniture industry's demand for roundwood is expected to rise at a slower rate, from 9 million m3 in 2021 to around 13 million m3 in 2030. Thus, the growing demand for wood in various applications increases the demand for wood preservatives, thereby driving the market. Major players in the wood preservatives market are BASF Wolman, Lanxess, Lonza, Kurt Obermeier GmbH & Co. KG, Jubilant, Troy Corporation, Remmers Gruppe AG, KMG Chemicals Inc., Koppers Inc., Borax Inc., Dattashri Enterprises, Januaryssen Global Services LLC, Cooper Care Wood Preservatives Inc., Advanced Agriresearch Limited, Osmose Inc., Nisus Corporation, Quality Borate LLC, and Buckman Laboratories International Inc. Major players operating in the wood preservatives market are continuously investing in research and development (R&D) activities to manufacture eco-friendly wood preservatives, which is a key trend in the wood preservatives market. Considering the environmental rules and regulations, the wood preservative manufacturers are developing natural or eco-friendly wood preservatives so that they will be less harmful to the environment. For instance, UltraPole NXT, developed by Viance, was awarded the R&D 100 2020 Award for its sustainable solution. The active ingredient DCOI (4,5-Dichloro-2-n-octyl-4-isothiazolin-3-one) does its job as a highly effective wood preservative. DCOI that enters the environment degrades rapidly. In February 2020, LANXESS, a Germany-based specialty chemicals company, acquired Itibanyl Produtos Especiais Ltda. (IPEL) for an undisclosed amount. The acquisition will strengthen LANXESS's position in antimicrobial active ingredients and formulations. The product portfolio of IPEL also includes preservatives and fungicides for process control in water treatment as well as active ingredients for disinfection and cleaning agents. Itibanyl Produtos Especiais Ltda. (IPEL) is a Brazil-based manufacturer and producer of agriculture chemicals. In 2022, North America was the largest region in the wood preservatives market. This region is expected to continue to be the fastest-growing region in the wood preservatives market report during the forecast period. The regions covered in the wood preservatives industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the wood preservatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The wood preservatives market consists of sales of water-based technologies for wood preservation, including chromated copper arsenate and micronized copper systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wood preservatives market research report is one of a series of new reports from The Business Research Company that provides wood preservatives market statistics, including wood preservatives industry global market size, regional shares, competitors with a wood preservatives market share, detailed wood preservatives market segments, market trends and opportunities, and any further data you may need to thrive in the wood preservatives industry. This wood preservatives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Woodworking machines are specially designed machines that are used in workshops to cut, saw, plane, or drill wood for the production of furniture. These machines are primarily powered by electric motors or are mechanical and are widely used in woodworking to provide fine dimensions and shapes. The woodworking machinery converts raw wood materials into structural products including plywood, boards, and beams for use in construction, shipbuilding, furniture, and others. The main types of products in woodworking machinery are thickness planers, grinding machines, chain or chisel mortises, routers, wood lathes, and others. Thickness planers are used to chisel wood from the surface of boards to either make rough surfaces flat and smooth or reduce their thickness. The different operating principles include mechanical, and electrical and are available in both online and offline sales channels. It is implemented in various verticals, including the furniture industry, construction industry, and others. The global woodworking machinery market is segmented – 1) By Product Type: Thickness Planer, Grinding Machines, Chain Or Chisel Mortise, Routers, Wood Lathes, Other Product Types 2) By Operating Principal: Electrical, Mechanical 3) By Sales Channel: Online, Offline 4) By End-User: Furniture Industry, Construction Industry, Other End-Users The global woodworking machinery market size is expected to grow from $28.18 billion in 2022 to $30.32 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of woodworking machinery is expected to reach $39.26 billion in 2027 at a CAGR of 6.7%. The increasing adoption of the automated woodworking machinery market is expected to propel the growth of the woodworking machinery market in the forecast period. The growing emphasis in the industry on assuring flexibility and highly customized goods has resulted in a greater demand for highly specialized woodworking machinery in the manufacturing process. As a result, automation technologies have been integrated into traditional woodworking equipment. For instance, in 2019, Biesse Group, an Italy-based company that provides technologies for processing wood, glass, stone, advanced material, and metal automated its 5-axis heads, a woodworking device on its manufacturing line, to minimize travel period and enhance machine accuracy on production lines. Therefore, the increasing adoption of automated woodworking machinery drives the growth of the woodworking machinery market. Major players in the woodworking machinery market are SCM Group, HOMAG Group, Paolino Bacci, Biesse Group, Michael Weinig AG, Otto Martin Maschinenbau GmbH & Co. KG, Oliver Machinery Co., Holytek Industrial Corp., IMA Schelling Group GmbH, KTCC Woodworking Machinery, Rojek Woodworking Machinery Inc., Cheng Kuang Machinery, Vigano Mario Srl, Linze Woodworking Machinery Co., Daltons Wadkin, Hermance Machine Company, and Rilesa. Technological advancements are shaping the woodworking machinery market. Major companies operating in the woodworking machinery sector are focused on developing technological solutions for woodworking machinery to satisfy the rising market demand. For instance, in April 2020, Walter, a Germany-based machine industry launched Helitronic Raptor Diamond, an eroding and grinding machine. The Helitronic Raptor Diamond is equipped with Fine Pulse Technology. For wood or metal tools, the Helitronic Raptor Diamond offers maximum flexibility. This machine is designed for re-sharpening polycrystalline diamonds. Helitronic Raptor Diamond is not equipped with wheel/electrode changers, robot loaders, or hydraulic tool supports, unlike other machines by Walter. Asia-Pacific was the largest region in the woodworking machinery market in 2022. North America was the second-largest market in the woodworking machinery market share. The regions covered in the woodworking machinery market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the woodworking machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The woodworking machinery market consists of sales of surface/thickness planer, tenoning machine, chain/chisel mortiser, jig saw, grinder/grinding machine, and nail gun. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The woodworking machinery market research report is one of a series of new reports from The Business Research Company that provides woodworking machinery market statistics, including woodworking machinery industry global market size, regional shares, competitors with a woodworking machinery market share, detailed woodworking machinery market segments, market trends and opportunities, and any further data you may need to thrive in the woodworking machinery industry. This woodworking machinery global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.