Forestry and Logging Market growth is driven by rising demand for wooden furniture and advancements in biological science and technology, fueling growth during the 2025-2029 forecast period.
According to the TechSci Research report, “Forestry and Logging Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029,” the Global Forestry and Logging Market was valued at USD 288.34 billion in 2023. It is projected to grow at a CAGR of 6.77% from 2025 to 2029. Advancements in biological science and technology have significantly contributed to this growth. Innovations in tree breeding, pest management, and sustainable forestry practices have improved both the quality and productivity of forestry products, boosting supply chain efficiency and supporting market expansion.
The growing emphasis on renewable energy has also played a role in this growth, particularly with the increased use of biomass for bioenergy production. The forestry and logging sector is adapting to meet the demand for raw materials for biomass energy, extracting value from forestry by-products and contributing to a more sustainable use of forest resources.
In the forestry and logging industry, the market involves the buying and selling of forestry products and logs. This includes various entities, from organizations to individual traders, who engage in activities like timber cultivation, logging, transportation, reforestation, and the gathering of forest products such as barks, gums, and fibers.
Several factors are driving the market’s growth, such as the rising demand for wooden structures, the adoption of automated forestry management techniques, and the growing use of biomass. The demand for wooden furniture is also increasing. Future market expansion is expected to be driven by technological advancements and a continued rise in residential construction, cruise ship construction, paper product demand, and economic growth in emerging markets.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on “Global Forestry and Logging Market”
https://www.techsciresearch.com/report/forestry-and-logging-market/23192.html
However, the forestry and logging market faces several challenges, including forest fires, governmental tensions, labor shortages, and the ongoing effects of the COVID-19 pandemic. These factors could potentially hinder the market’s growth in the future.
The Global Forestry and Logging Market is segmented by type, application, regional distribution, and company.
In terms of type, Timber Tract Operations is the fastest-growing segment. This segment focuses on the sustainable harvesting of timber from forested areas. With increasing demand for wood products in construction, furniture manufacturing, and paper production, timber tract operations are essential for sourcing timber efficiently. These operations emphasize sustainable practices like selective harvesting, reforestation, and ecosystem management. As environmental concerns rise and regulations tighten, companies are turning to certified timber tract operations to ensure responsible forest management and meet the demand for eco-friendly products.
Regionally, North America is the fastest-growing area in the global forestry and logging market. The region boasts extensive forested lands, including dense coniferous forests in the Pacific Northwest and boreal forests in Canada. These forest resources provide a strong foundation for the forestry sector, which has embraced technological innovations to improve efficiency and sustainability. Mechanized harvesters, forwarders, and advanced Geographic Information System (GIS) technology enhance logging operations and forest inventory management.
North America has a robust domestic market for wood products, driven by factors like population growth, urbanization, and construction activity. The United States is a major consumer of wood products for construction, furniture, and paper production. Additionally, North America exports a significant amount of wood products, including timber, lumber, and pulp, to markets in Asia-Pacific, Europe, and the Middle East. Efficient transportation infrastructure and access to international trade networks make it a key player in the global wood products market.
Major companies operating in Global Forestry and Logging Market are:
- Weyerhaeuser Company
- China Forestry Group Corporation
- Rayonier Inc
- PotlatchDeltic Corp
- Forestry Commission of New South Wales
- China Jilin Forest Industry Group Co Ltd
- Tilhill Forestry Ltd
- CatchMark Timber Trust Inc
- Hancock Victorian Plantations Pty Ltd
- Oji Holdings Corporation
Download Free Sample Report
https://www.techsciresearch.com/sample-report.aspx?cid=23192
Customers can also request for 10% free customization on this report
“As the Global Forestry and Logging Market looks toward the future, the upcoming key trends signal a shift towards a more sustainable, technologically advanced, and transparent industry. Embracing the trends will not only address current challenges but also position the forestry and logging sector as a key player in the global movement towards responsible and eco-friendly practices. Stakeholders in the industry must stay agile and proactively engage with these trends to foster innovation and ensure a resilient and sustainable future for the forestry and logging market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Forestry and Logging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Logging, Timber Tract Operations, Forest Nurseries and Gathering Of Forest Products), By Application (Construction, Industrial Goods, Others), By Region, By Competition, 2019-2029F”, has evaluated the future growth potential of Global Forestry and Logging Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Forestry and Logging Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com