The Timber Plants market estimated at USD 4.03 Billion in the year 2022, is projected to reach a revised size of USD 5.23 Billion by 2030, growing at a CAGR of 3.32% over the analysis period 2023-2030.
Market Overview:
The Timber Plants Market is a critical segment within the forestry industry that involves the cultivation and management of timber-producing trees for commercial purposes. This market supplies raw materials for various industries, including construction, furniture production, and paper manufacturing. Timber plants play a crucial role in meeting the global demand for wood and wood-based products.
The market encompasses a wide range of tree species, each with specific characteristics and uses. Timber plants are managed through sustainable forestry practices to ensure a continuous and renewable supply of high-quality timber. This market is influenced by factors such as timber species popularity, environmental regulations, and global economic trends.
Players Covered in Timber Plants Market are:
Stora Enso,Binderholz,KLH Massivholz,Mayr-Melnhof Holz,MHM Abbund-Zentrum,Hasslacher Norica,Merk Timber (ZÜBLIN),Lignotrend,Eugen Decker,XLam Dolomiti,HMS Bausysteme,W. u. J. Derix,Schilliger Holz,Structurlam,Mosser,Bullinger,SCHNEIDER,Pfeifer Holz and other major players.
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Market Driver:
Growing Construction and Infrastructure Development Activities: The primary driver behind the growth of the Timber Plants Market is the increasing demand for wood products driven by global construction and infrastructure development activities. As urbanization continues to expand and the demand for housing, commercial spaces, and infrastructure projects rises, so does the need for timber. Timber is a versatile and renewable building material, making it a crucial resource in construction. This demand driver is expected to remain robust in the coming years.
Market Opportunity:
Focus on Sustainable Forestry and Certification: An important market opportunity lies in emphasizing sustainable forestry practices and obtaining certification from recognized bodies like the Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC). Consumers and industries are increasingly concerned about the environmental impact of their consumption choices, and they prefer wood products sourced from sustainably managed forests. Timber plant operators that adopt and promote sustainable forestry practices can differentiate themselves in the market and attract environmentally-conscious customers. This also opens avenues for export to regions with stringent sustainability requirements.
Market segmentation Timber Plants Market:
By Type
· Cross-Laminated Timber (CLT)
· Engineered Timber Construction
· Solid Wood Elements
· Post-Beam
· Others
By Application
· Residential Buildings
· Commercial Buildings
· Institutional Buildings
· Industrial Facility
· Others
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Regional Analysis for the Timber Plants Market:
Europe region is expected to dominate the timber plants market during the forecast period. The German economy is the highest in Europe and the fourth-largest in the globe. In 2019, the German economy grew by around 0.6%, which was its weakest growth rate in the last six years. The economic growth of the country is influenced by various factors, such as trade tensions leading to declined exports and tariff disputes triggered by the US government, and majorly owing to the COVID-19 virus outbreak. Construction accounts for ~11% of total industrial production output.
By Regional Outlook
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
COVID-19 Impact on Timber Plants Market
The COVID-19 crisis has influenced the timber industry by changing consumer and producer behavior and endangering the health of timber industry personnel. These consequences have been felt by timber landowners, timber harvesting and hauling enterprises, timber processors and manufacturers, distributors, retailers, and consumers. The pandemic's effects on the timber sector have varied depending on geographical disparities in the industry, shifting demand for various wood-based goods, and the intensity and timing of the pandemic's supply chain consequences.
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Table of content:
Chapter 1: Introduction
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 4: Timber Plants Market by Type
Chapter 5: Timber Plants Market by Application
Chapter 6: Company Profiles and Competitive Analysis
Chapter 7: Global Timber Plants Market Analysis, Insights and Forecast, 2016-2028
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