The roundwood market share is expected to increase by 15682.23 million ft3 from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.68%.
This roundwood market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers roundwood market segmentation by type (pulpwood, sawlogs, and veneer logs) and geography (APAC, Europe, North America, South America, and MEA). The roundwood market report also offers information on several market vendors, including AFRITIMSU GROUP OF CO. LTD., Atlantis SA, Extra-Les LLC , Flexx Panel BV, Fritz Kohl GmbH and Co. KG, JD Forest Products, Johnson International Co., Sierra Pacific Industries, Timberlink Ltd., and Timberwire Inc. among others.
What will the Roundwood Market Size be During the Forecast Period?
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Roundwood Market: Key Drivers, Trends, and Challenges
The rising demand from housing and infrastructure construction companies is notably driving the roundwood market growth, although factors such as environmental challenges may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the roundwood industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Roundwood Market Driver
One of the key factors driving the global roundwood market growth is the rising demand from housing and infrastructure construction companies. For instance, the US President's 2020 budget proposed a sum of USD 200 billion for infrastructural development. In emerging economies, such as India, the government's policy to allow 100% FDI for townships and settlement projects is estimated to increase the demand for wooden products during the forecast period. The Government of India initiatives, such as the Smart Cities Mission, the Pradhan Mantri Awaas Yojana (PMAY), and the Sardar Patel National Urban Housing Mission, are estimated to promote urbanization, which is expected to spur the sales of new wood products and furnishings. In addition, the demand for office spaces in the Bay Area of California; Quezon City in the Philippines; and Gurugram, Bengaluru, and Hyderabad in India, is estimated to drive the growth of the global roundwood market during the forecast period.
Key Roundwood Market Trend
Another key factor driving the global roundwood market growth is the rising global roundwood production. The global roundwood market is expected to be worth USD 312 billion, or about 2 billion cubic meters during the forecast period. Despite a slowdown in market growth owing to the COVID-19 pandemic, substantial global demand for wood kept the roundwood industry afloat in 2020. The use of roundwood is expected to rise by around 10% to 2.2 billion cubic meters globally by 2030, owing to significant economic and demographic expansion in Asia. Globally, the sustainable harvest of current wood fiber supplies is estimated to be adequate to fulfill its increasing global consumption until 2030, with wood prices rising at a nominal rate of 1% per year. Such factors are expected to further drive the growth of the market in focus during the forecast period.
Key Roundwood Market Challenge
One of the key challenges to the global roundwood market growth is environmental concerns. Wildfires also devastated huge tracts of Australian and American forests and wood in 2020, in addition to the supply chain delays and reduced working hours for timber sector personnel due to the COVID-19 pandemic. Climate change and prior improper forestry management are increasingly being blamed for the increase in the number of wildfires/forest fires and beetle infestations. Moreover, sustainability is becoming a crucial long-term market trend at all levels of the value chain. Agreements to reduce greenhouse gas emissions, such as the European Green Deal, the Paris Climate Agreement, and the United States-Mexico-Canada Agreement (USMCA), could encourage the establishment of a market for biodegradable and wood-based packaging. Thus, environmental challenges are expected to limit the market growth during the forecast period.
This roundwood market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global roundwood market as a part of the global forest products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the roundwood market during the forecast period.
Who are the Major Roundwood Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AFRITIMSU GROUP OF CO. LTD.
- Atlantis SA
- Extra-Les LLC
- Flexx Panel BV
- Fritz Kohl GmbH and Co. KG
- JD Forest Products
- Johnson International Co.
- Sierra Pacific Industries
- Timberlink Ltd.
- Timberwire Inc.
This statistical study of the roundwood market encompasses successful business strategies deployed by the key vendors. The roundwood market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.
Product Insights and News
- AFRITIMSU GROUP OF CO. LTD. - The company offers roundwood products such as Abura, Agba, and Afrormosia.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The roundwood market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Roundwood Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the roundwood market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global forest products market includes the following core components:
- Inputs
- Operations
- Outbound logistics
- Marketing and sales
- Waste collection and services
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Roundwood Market?
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43% of the market’s growth will originate from APAC during the forecast period. China is the key market for roundwood in APAC. Market growth in this region will be faster than the growth of the market in MEA.
The rapid urbanization and the significant increase in disposable incomes in emerging economies such as China and India will facilitate the roundwood market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The market in APAC witnessed a decline in 2020, owing to the outbreak of COVID-19. Countries such as China, Japan, South Korea, and India were badly affected by the pandemic. The governments of various countries in APAC introduced emergency legislation, which included restrictions on business activities and social gatherings during the first half of 2020. This, in turn, hindered the demand for wooden products, including round wood, in the region in 2020. However, the market is expected to witness a rise in the sales of wooden products via e-commerce channels during the forecast period.
What are the Revenue-generating Type Segments in the Roundwood Market?
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The roundwood market share growth by the pulpwood segment will be significant during the forecast period. The growth is attributed to the significant increase in the demand for industrial lumber and pulpwood for papermaking owing to the increase in the per capita income of the people.
This report provides an accurate prediction of the contribution of all the segments to the growth of the roundwood market size and actionable market insights on post COVID-19 impact on each segment.
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Roundwood Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.68% |
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Market growth 2022-2026 |
15682.23 mn ft3 |
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Market structure |
Fragmented |
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YoY growth (%) |
2.54 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 43% |
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Key consumer countries |
US, China, Russian Federation, Brazil, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AFRITIMSU GROUP OF CO. LTD., Atlantis SA, Extra-Les LLC , Flexx Panel BV, Fritz Kohl GmbH and Co. KG, JD Forest Products, Johnson International Co., Sierra Pacific Industries, Timberlink Ltd., and Timberwire Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Roundwood Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive roundwood market growth during the next five years
- Precise estimation of the roundwood market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the roundwood industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of roundwood market vendors
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