Wood Processing Market Shows Powerful Growth Prospects As Per TBRC?s Report
Posted by praneeth on September 24th, 2018
Wood processing industry comprise establishments engaged in sawing dimension lumber, boards, beams, timbers, poles, ties, shingles, shakes, siding, and wood chips from logs or bolts. This industry also includes establishments engaged in treating planed, sawed and shaped wood with creosote or other preservatives such as alkaline copper quat, copper azole, and sodium borates, to prevent decay and to protect against fire and insects.
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The global wood processing market has shown powerful growth in the past years with a CAGR of over 12%. The year 2017 recorded highest ever growth in this market with a net value of over USD 450 billion as per TBRC’s inhouse consultants.
TBRC’s latest report show historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the wood processing market to grow at a slightly lower CAGR till 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The market growth is mainly due to the rising demand for wood in construction, sports equipment, supply chain management, furniture and as wood fuel.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are Weyerhaeuser Company, West Fraser Timber Co. Ltd, Canfor Corporation, Svenska Cellulosa Aktiebolaget, and Interfor Corporation.
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Joined: June 6th, 2018
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