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US Secondary Wood Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 115 Pages
  • September 2023
  • Region: United States
  • IMARC Group
  • ID: 5353261
The US secondary wood products market size reached US$ 278.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 315.8 Billion by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028.

Secondary wood products are manufactured by the processing of primary wood products such as lumber, pulp, timber, etc. Such products majorly include wood furniture such as wooden kitchen, engineered wood products, cabinets and countertops, wooden pallets, and secondary paper products.

The secondary wood products market in the United States is currently being driven by the growth in the construction sector, which accounts for more than a third of the US total consumption of wood products annually. The forests based in the southern US are currently a major supplier to the timber industry in the country and alone account for nearly 12% in the world’s primary wood products supplies and around one-fifth in the global supplies of the secondary pulp and paper products. The growing population coupled with the increased consumer spending, economic growth, and rising demand for household wood products are also catalyzing the growth of the industry in the region. Furthermore, the export of these products to some European and Asian markets has also increased owing to the European Union biofuel regulations and rising construction activities in Asian countries, which have resulted in the increasing demand for products, specifically wood pellets and engineered woods panels.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each segment of the US secondary wood products market report, along with forecasts for the period 2023-2028. The report has categorized the market based on type.

Breakup by Type:

  • Wood Furniture
  • Office Furniture
  • Household & Institution
  • Wooden Kitchen, Cabinets and Countertops
  • Others
  • Engineered Wood Products
  • Plywood
  • OSB
  • Particle Board
  • Others
  • Secondary Paper Products
  • Paper Products
  • Paperboard Containers
  • Others
Amongst these, wood furniture represents the leading segment, accounting for the majority of the market share.

Competitive Landscape:

The report has also examined the competitive landscape of US secondary wood products market. Some of the major players include Ashley Furniture Industries, Steelcase, HNI Corporation, Herman Miller, Weyerhaeuser Company, Universal Forest Products, etc.

Key Questions Answered in This Report:

  • How has the US secondary wood products market performed so far and how will it perform in the coming years?
  • Which are the popular product types in the US secondary wood products market?
  • What has been the impact of COVID-19 on the US secondary wood products market?
  • What are the various stages in the value chain of the US secondary wood products industry?
  • What are the key driving factors and challenges in the US secondary wood products industry?
  • What is the structure of the US secondary wood products industry and who are the key players?
  • What is the degree of competition in the US secondary wood products industry?
Frequently Asked Questions about the US Secondary Wood Products Market

What is the estimated value of the US Secondary Wood Products Market?

The US Secondary Wood Products Market was estimated to be valued at $278.8 Billion in 2022.

What is the growth rate of the US Secondary Wood Products Market?

The growth rate of the US Secondary Wood Products Market is 2.1%, with an estimated value of $315.8 Billion by 2028.

What is the forecasted size of the US Secondary Wood Products Market?

The US Secondary Wood Products Market is estimated to be worth $315.8 Billion by 2028.

Who are the key companies in the US Secondary Wood Products Market?

Key companies in the US Secondary Wood Products Market include Ashley Furniture Industries, Steelcase, HNI Corporation, Herman Miller, Weyerhaeuser Company and Universal Forest Products.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 US Secondary Wood Products Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Forecast
5.6 SWOT Analysis
5.6.1 Overview
5.6.2 Strengths
5.6.3 Weaknesses
5.6.4 Opportunities
5.6.5 Threats
5.7 Value Chain Analysis
5.7.1 Overview
5.7.2 Raw Material Procurement
5.7.3 Manufacturing
5.7.4 Marketing
5.7.5 Distribution
5.7.6 End-Use
5.8 Porters Five Forces Analysis
5.8.1 Overview
5.8.2 Bargaining Power of Buyers
5.8.3 Bargaining Power of Suppliers
5.8.4 Degree of Competition
5.8.5 Threat of New Entrants
5.8.6 Threat of Substitutes
6 Market Breakup by Type
6.1 Wood Furniture
6.1.1 Market Performance
6.1.2 Market Breakup by Type
6.1.2.1 Office Furniture
6.1.2.2 Household & Institution
6.1.2.3 Wooden Kitchen, Cabinets and Countertops
6.1.2.4 Other Furniture
6.1.3 Market Forecast
6.2 Engineered Wood Products
6.2.1 Market Performance
6.2.2 Market Breakup by Type
6.2.2.1 Plywood
6.2.2.2 OSB
6.2.2.3 Particle Board
6.2.2.4 Other Engineered Woods
6.2.3 Market Forecast
6.3 Secondary Paper Products
6.3.1 Market Performance
6.3.2 Market Breakup by Type
6.3.2.1 Paper Products
6.3.2.2 Paperboard Containers
6.3.3 Market Forecast
6.4 Others
6.4.1 Market Performance
6.4.2 Market Forecast
7 Secondary Wood Products Manufacturing Process
7.1 Products Overview
7.2 Raw Material Requirements
7.3 Manufacturing Process
7.4 Key Success and Risk Factors
8 Competitive Landscape
8.1 Market Structure
8.2 Key Players
8.3 Profiles of Key Players

Companies Mentioned

  • Ashley Furniture Industries
  • Steelcase
  • HNI Corporation
  • Herman Miller
  • Weyerhaeuser Company
  • Universal Forest Products

Methodology

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