Forestry & logging market comprises of the sales of forestry & logging products by entities that produce various products by growing, cutting and transporting of timber, growing trees for reforestation, operations of the timber tract and collecting forest products such as barks, gums, and fibers. Forestry & logging life cycle is categorized into three main phases. The first phase includes the harvesting or felling trees as well as forest regeneration. Second phase incorporates the movement of wood or trees to a distribution or production facility. And the final phase is the wood processing into different final products.
As per study, “Forestry And Logging Products Global Market Opportunities And Strategies To 2023” some of the major companies operating in the global forestry and logging products market include Weyerhaeuser, Tilhill Forestry Ltd., Hancock Victorian Plantations, Forestry Corporation, Scottish Woodlands Ltd.
Based on type, forestry and logging products market is segmented as timber tract operations, logging, forest nurseries and gathering of forest products. In addition, based on application, market is segmented as industrial goods, construction and others.
The forestry and logging products market is driven by increase in construction of wooden buildings, followed by growth in economy, rise in fossil fuel costs, growth in certifies wood & paper products, increase in disposable income and growth in industrialization. However, alternate construction materials and stringent regulations may impact the market. Moreover, rise in adoption of forestry products in developed economies and growth in use of advanced techniques such as fiber utilization, improved safety, environmental protection and productivity with minimum damage over the residual trees are key opportunities for market. Furthermore, rise in Demand for Forestry & logging products from Several End-User Industries is a major trend for market.
In forest logging method, an advanced technique has improved safety, environmental protection, fiber utilization, and productivity with minimum damage to residual trees. Various different improved methods of logging include cable harvesting systems, harvester or forwarder systems, and helicopters logging. Harvester or forwarder type of logging is a common method used in northern & central Europe and the use is anticipated to increase in the future owing to their ergonomic, economic, and ecological advantages over the manual (saw/skidding) harvesting. Cable harvesting are utilized in the mountainous regions while helicopter logging is popular in the environmental constraints & remote areas.
Based on geography, the Asian-Pacific and European regions hold major share in global forestry and logging products market owing to growth in population and rise in demand for wood & wood products in the regions. The North-American region is estimated to exhibit substantial growth rate due to increase in use of wood as a building material because of numerous advantages of wood buildings over concrete buildings over the forecast period. It is projected that future of the global market will be optimistic as a result of rise in residential & production activities during the forecast period. It is also projected that global forestry and logging products market will be reached at US $584.7 billion by 2023, at a CAGR of 3.5%.
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Ankur Gupta, Head Marketing & Communications