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Report Overview

The logs market size reached around 1.84 Billion Cubic Meters in 2023. The market is projected to grow at a CAGR of 3.60% between 2024 and 2032 to reach nearly 2.53 Billion Cubic Meters by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • By 2032, the global construction sector is predicted to expand by USD 4.5 trillion, boosting the logs market revenue.
  • As per the industry reports, the value of the worldwide packaging market is roughly USD 1,175 billion.
  • China is the top exporter of wood, with USD 30.99 billion in exports.
Global Logs Market Report Summary Description Value
Base Year Billion Cubic Meters 2023
Historical Period Billion Cubic Meters 2018-2023
Forecast Period Billion Cubic Meters 2024-2032
Market Size 2023 Billion Cubic Meters 1.84
Market Size 2032 Billion Cubic Meters 2.53
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 3.6%
CAGR 2024-2032 - Market by Region Asia Pacific 4.1%
CAGR 2024-2032 - Market by Country India 4.7%
CAGR 2024-2032 - Market by Country China 3.9%
CAGR 2024-2032 - Market by Type Hardwood 4.0%
CAGR 2024-2032 - Market by Application Furniture 4.2%
Market Share by Country 2023 Japan 4.3%

Global Logs Market Growth

Every year, around 4 billion cubic meters of wood are produced worldwide. The United States is the world's largest producer of wood, with 292.1 million cubic meters produced per year. With 225.7 million cubic meters of wood, including hardwoods and softwoods, China is the second-largest producer of wood, leading to the logs market expansion. Countries that export wood make significant contributions to the global wood market and economic growth. The top five wood exporters are the United States, Canada, Poland, Germany, and China.

The worldwide construction sector is expected to reach USD 15.2 trillion by 2030, as per data from Marsh. Additionally, the firm projects that the top 10 global construction markets will account for 70% of the growth over the same time period, with China, India, the US, and Indonesia alone accounting for 60% of the growth. As per the logs market analysis, logs are widely used in the construction sector for roofing, flooring, structural beams, and framing in buildings due to their strength and longevity. Timber logs provide building insulation, are renewable, and enhance the visual attractiveness of buildings. Log-derived engineered wood products, including plywood and laminated beams, are used in a variety of building materials that support environmentally friendly building trends and promote sustainable practices in the construction sector.

Compound Annual Growth Rate

Value in Billion Cubic Meters

3.6%

2024-2032


Logs Market Outlook

*this image is indicative*

Key Trends and Developments

Global Logs Market Trends

Significant trends in the market are being influenced by shifting customer choices, technology breakthroughs, and environmental concerns. A growth in certified and ethically harvested wood is a result of governments and consumers placing a greater emphasis on sustainable forestry methods. Technological advancements in logging machinery and procedures have increased productivity and decreased environmental effects, consequently boosting the logs market expansion.

Furthermore, the need for timber in infrastructure and buildings is being driven by population increase and urbanisation, especially in emerging economies. The need for logs is also being increased by the growth of wood-based bioenergy for renewable energy sources. The market expansion is further aided by the increased demand for natural wood products in the furniture and interior design sectors.

Global Logs Industry Segmentation

The EMR’s report titled “Global Logs Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Breakup by Type

  • Hardwood
    • Oak
    • Maple
    • Cherry
    • Walnut
    • Mahogany
    • Others
  • Softwood
    • Cedar
    • Fir
    • Pine redwood
    • Others

Breakup by Application

  • Furniture
  • Building and construction
  • Flooring
  • Packaging
  • Others

Breakup by End Use

  • Residential
  • Commercial

Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
CAGR 2024-2032 - Market by Country
India 4.7%
China 3.9%
UK 3.8%
USA 3.7%
Germany 3.5%
Canada XX%
France XX%
Italy XX%
Japan 2.4%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Global Logs Market Share

Based on type, the market is segmented into hardwood and softwood. The hardwood segment is projected to grow at a CAGR of 4.0% during the forecast period. Deciduous, broad-leaved trees like oak and maple are the source of hardwood. Due to its dense, robust structure and reputation for strength and longevity, it is frequently used in flooring, furniture, and buildings.

Leading Companies in the Global Logs Market

Major players are focusing on the adoption of sustainable production practices to gain a competitive edge, increasing the logs market value.

Weyerhaeuser Company

One of the biggest private forest owners, Weyerhaeuser was established in 1900 and is headquartered in Seattle, Washington, United States. The company serves a variety of sectors, including the pulp, paper, and construction sectors, and specialises in sustainable forestry and wood products.

West Fraser Timber Co. Ltd.

Founded in 1955 and with its main office in Vancouver, Canada, West Fraser Timber is a significant manufacture...

Canfor Corporation

Canfor Corporation, a major provider of lumber, pulp, and paper goods, was established in 1938 and has its hea...

Interfor Corporation

One of the biggest timber producers in North America, Interfor Corporation was established in 1963 and has its...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major players in the market are Stora Enso, Arauco, UPM-Kymmene Corporation, PotlatchDeltic Corporation, Rayonier Inc., and Boise Cascade, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market attained a volume of nearly 1.84 Billion Cubic Meters.

The market is assessed to grow at a CAGR of 3.60% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about 2.53 Billion Cubic Meters by 2032.

The major drivers of the market are the growing construction sector, the expansion of the furniture sector, and the rising demand for renewable energy.

As per the EMR report, the different types of logs in the market are hardwood and softwood.

Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major players in the market are Weyerhaeuser Company, West Fraser Timber Co. Ltd., Canfor Corporation, Interfor Corporation, Stora Enso, Arauco, UPM-Kymmene Corporation, PotlatchDeltic Corporation, Rayonier Inc., and Boise Cascade, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • End Use
  • Region
Breakup by Type
  • Hardwood
  • Softwood
Breakup by Application
  • Furniture
  • Building and construction
  • Flooring
  • Packaging
  • Others
Breakup by End Use
  • Residential
  • Commercial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Weyerhaeuser Company
  • West Fraser Timber Co. Ltd.
  • Canfor Corporation
  • Interfor Corporation
  • Stora Enso
  • Arauco
  • UPM-Kymmene Corporation
  • PotlatchDeltic Corporation
  • Rayonier Inc.
  • Boise Cascade
  • Others

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C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124