WOOD RECYCLING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global wood recycling market is estimated to be valued at USD 19.45 Bn in 2024 and is expected to reach USD 27.56 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031. With growing environmental concerns and emphasis on sustainability, wood recycling plays an important role in conserving natural resources and reducing landfill waste. Wood recycling involves collecting and processing waste wood from various sources like construction debris, demolition waste, pallets, and furniture to recover raw materials that can be reused in the production of new wood products or for generating energy. It helps lower the pressure on forestry and prevents wood from ending up in landfills or being incinerated, thereby contributing to emission reductions. As awareness about wood recycling continues to rise across countries and industries, the market is expected to grow substantially during the forecast period.
Market Dynamics:
The global wood recycling market growth is primarily driven by growing environmental regulations promoting waste reduction and landfill diversion. Most countries and states have strict laws mandating recycling and restricting wood disposal. Moreover, evolving sustainability goals of key end-use industries like construction, automotive, and packaging are augmenting the demand for recycled wood products. Recycled wood is gradually gaining popularity as a viable substitute for virgin wood in various applications because of its lower costs and minimal environmental footprint. However, lack of collection infrastructure and complex segregation and processing requirements continue to hinder the market’s growth to some extent. Ongoing technological advancements in wood waste sorting and processing equipment are helping overcome some challenges and opening up new opportunities.
Key Features of the Study:
- This report provides in-depth analysis of the global wood recycling market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global wood recycling market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Waste Management, Inc., Republic Services, Inc., Veolia Environnement S.A., Green Tree Service, Inc., Rotochopper, Inc., Schnitzer Steel Industries, Inc., The Home Depot, Inc., UFP Industries, Inc., Boral Limited, International Paper Company, Timber Products Company, PalletOne, Inc., J & J Recycling, The Andersons, Inc., and C&D Recycling, LLC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global wood recycling market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wood recycling market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Wood Recycling Market' - Global forecast to 2031
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