The Wood Bio-Products Market size was valued at USD 255.15 Billion in 2022 and is expected to grow at a CAGR of 8.8% from 2023 to 2029, reaching nearly USD 460.2 Billion.
Wood Bio-Products Market Overview
The research on the Wood Bio-Products Market is based on the detailed dynamics the Wood Bio-Products market. The report covers market revenue forecasts at global, regional and segment, and national levels. Segment & Region wise Sales forecasting is the main highlight of the report.
Wood Bio-Products Market Report Scope and Research Methodology
The report on Wood Bio-Products Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Wood Bio-Products market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the Wood Bio-Products industry at local, regional and global level. Segment wise marker share estimation & Industry potential is also covered.
The Wood Bio-Products Market was analysed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The new entrants & existing players in Wood Bio-Products market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Wood Bio-Products market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the Wood Bio-Products market size.
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Market Regional Insights
The country wise insights of the industry are covered along with the list of key players. The key regions studied are North & South America, Asia Pacific, Europe and Middle East Africa..
Market Segmentation
According to Product Type
Biofuels, bioplastics, biochemicals, biocomposite materials, and pulp & papers are examples of wood bio-products. In 2022, biofuels held a 30% market share. This market category will rule in the upcoming years. Fossil fuels are replaced with biofuels, which are made from biomass like wood. In 2022, bioplastics held a 25% market share. There will be a big rise in this category. Plastics made from petroleum are replaced by bioplastics made from wood. In 2022, biochemicals held a 20% market share. This category ought to grow consistently. Food additives, fertilisers, and pharmaceuticals all use biochemicals derived from wood and other biomass materials. In 2022, bio composites held a 15% market share. There will be a big rise in this category. Wood and other materials, such as metals and polymers, are used to create bio composites, which are used in furniture, construction, and packaging. Pulp and papers held a 10% market share in 2022.
Using Application
The market for wood bio-products includes segments for chemicals, energy, packaging, building, and automobiles. Energy will make up 30% of the market in 2022. Over the next few years, this market segment will rule. Compared to fossil fuels, biofuels made from wood are more environmentally friendly to burn. Market share for packaging in 2022 was 25%. There will be a big rise in this category. Wood that is sustainable can be used to make pallets, crates, and boxes. 2022 saw a 20% market share for construction. This category ought to grow consistently. Wood may be used to construct bridges, buildings, and homes since it is durable. 15% of all industries in 2022 were automotive. There will be a big rise in this category. Lightweight wood can be used to create car seats, dashboards, and door panels.
1. Wood Bio-Products Market Size and Forecast, by Product Type (2022-2029)
1. Biofuels
2. Bioplastics
3. Biochemicals
4. Bio composites
5. Pulp and Papers
2. Wood Bio-Products Market Size and Forecast, by Application (2022-2029)
1. Energy
2. Packaging
3. Construction
4. Automotive
5. Chemicals
3. Wood Bio-Products Market Size and Forecast, by End-use Industry(2022-2029)
1. Residential
2. Commercial
3. Industrial
4. Infrastructure
5. Others
Wood Bio-Products Market Key Players
1. Georgia-Pacific (United States)
2. Drax Group (United Kingdom)
3. UPM-Kymmene Corporation (Finland)
4. Metsä Group (Finland)
5. Borregaard (Norway)
6. Södra (Sweden)
7. Holmen AB (Sweden)
8. BillerudKorsnäs AB (Sweden)
9. Mondi Group (United Kingdom)
10. Norske Skog (Norway)
11. Smurfit Kappa Group (Ireland)
12. Nine Dragons Paper (China)
13. Lee & Man Paper (Hong Kong)
14. Oji Holdings Corporation (Japan)
15. Nippon Paper Industries Co., Ltd. (Japan)
16. RGE Group (Singapore)
17. Sinar Mas Group (Indonesia)
18. Asia Pulp & Paper (Indonesia)
19. Thai Paper (Thailand)
20. Hansol Paper (South Korea)
21. Suez Cement (Egypt)
22. Crown Paper Mill (United Arab Emirates)
23. MENA Wood Pellets (Jordan)
24. Suzano (Brazil)
25. Arauco (Chile)
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Key questions answered in the Wood Bio-Products Market are:
- What is Wood Bio-Products ?
- What are the factors driving the Market growth?
- What are the factors are limiting the Market growth?
- What was the market size in 2021?
- Which trends are expected to generate additional revenue for the Wood Bio-Products market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Market?
- What growth strategies are the players considering to increase their foothold in the Wood Bio-Products Market?
- Who held the largest market share in the Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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