The Market
The wood processing market consists of sales of processed wood which is treated with preservatives by entities that saw dimension lumber, boards, beams, timbers, poles, ties, shingles, shakes, siding, and wood chips from logs or bolts. The wood processing market is segmented into sawmills and wood preservation.
Wood processing involves various types of procedures used to convert raw wood to produce substances or supplies that serve as the raw materials for the manufacture of various wood-based products.
The global wood processing market reached a value of nearly $143.9 billion in 2019, having grown at a compound annual growth rate (CAGR) of 4.3% since 2015, and is expected to grow at a CAGR of 3.9% to nearly $167.9 billion by 2023. The market is expected to nearly $193.2 billion by 2025, and to $269.3 million by 2030.
Wood Pallet Market size was valued at USD 65.1 Billion in 2020 and is projected to reach USD 97.9 Billion by 2028, growing at a CAGR of 5.2% from 2021 to 2028.
The rise in disposable incomes and consumerism is the crucial aspect of the rise in the market revenue of Wood Pallet as well as the drive from the food and beverages sector will foster market growth. The Global Wood Pallet Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
