Forestry and Logging Global Market Report 2024

The forestry and logging market size has grown strongly in recent years. It will grow from $1072.53 billion in 2023 to $1163.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The expansion observed in the historical period can be credited to the rise in residential construction activity, a growing demand for cruise ships, an increased need for tissue and paper products, and overall economic growth.

The forestry and logging market size is expected to see strong growth in the next few years. It will grow to $1607.52 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated expansion in the forecast period can be linked to the growing construction of wooden buildings, the adoption of automated forestry management, an increased utilization of biomass, and a rising demand for wooden furniture. Key trends during this period involve a concentration on reforestation, the integration of new and enhanced techniques in log harvesting, the utilization of big data to identify optimal logging and transport timing, and the engagement of drones for forest management.

The increasing utilization of wood in building construction, attributed to the various advantages of wooden structures over concrete ones, is contributing to the growth of the forestry and logging market. Currently, the construction industry accounts for 25% of global greenhouse gas emissions, prompting the emergence of green building construction practices aimed at reducing CO2 emissions and storing carbon. Wooden buildings offer benefits such as minimal waste production and faster construction compared to concrete structures. As an illustration, data from the Natural Resources Institute, a Finland-based government office, revealed that the total round wood use in Finland in 2021 reached 85.2 million cubic meters, marking a 9% increase from 2020. Additionally, the utilization of by-products and other forms of wood waste increased by 17% to 27.7 million cubic meters compared to the previous year. Therefore, the growing use of wood as a building material is a driving force behind the forestry and logging market.

The anticipated growth in the forestry and logging market is also expected to be fueled by increasing investments in construction activities. Construction activities encompass a range of tasks involved in constructing, renovating, or building various structures such as buildings, infrastructure, and facilities. The forestry and logging industry plays a crucial role by providing the raw materials necessary for construction, including wood products such as lumber, plywood, and engineered wood. For instance, data from FMI (Fails Management Institute) Corporation, a US-based consulting and investment banking firm, indicated an 18% growth in multi-family residential construction spending activities, reaching $111 billion in investment in 2021. Globally, it is projected to further increase to $136 billion by the year 2025 for multi-family residential construction activities. Consequently, the growing investment in construction activities is a significant driver of the forestry and logging market's growth.


The application of advanced techniques in forest logging methods has enhanced safety, fiber utilization, environmental protection, and productivity while minimizing damage to residual trees. Various improved logging methods include harvester/forwarder systems, cable harvesting systems, and helicopter logging. Harvester or forwarder logging is particularly prevalent in northern and central Europe, and its usage is expected to grow due to economic, ergonomic, and ecological advantages over motor/manual (saw/skidding) harvesting. Cable harvesting is employed in mountainous regions, while helicopter logging is favored in environmentally constrained and remote areas. A recent study indicates that improved logging operations can result in a 30% increase in wood volume, with damage to residual trees reduced to 20%. For example, Markit! Forestry Management has utilized helicopter logging in the challenging terrain of the Dry Lake Hills area, where traditional transport methods were hindered by steep slopes.

Major companies in the forestry and logging market are concentrating on the development of new technologies, such as Log Inventory and Management Systems (LIMS), to deliver reliable services to customers. Log Inventory and Management Systems (LIMS) are designed for the forestry and logging industry to enhance productivity and sustainability, providing operational visibility for mills managing raw materials sourced from forests. In July 2023, Trimble Inc., a US-based utilities and technology company, introduced the Log Inventory and Management System (LIMS), a new cloud-based version of enterprise software catering to integrated forest product companies, forest managers, conservation organizations, government departments, finished product manufacturers, and paper mills. This system enables small- and medium-sized forest product companies to achieve enhanced productivity.


Major companies operating in the forestry and logging market report are Weyerhaeuser Company, China Forestry Group Corporation, Rayonier Inc., PotlatchDeltic Corporation, Forestry Corporation of NSW, Washington State Department of Natural Resources, Jilin Forest Industry Co., Ltd., Tilhill Forestry, Pope Resources, A Delaware Limited Partnership, CatchMark Timber Trust, Inc., HVP Plantations, China Longjiang Forest Industry, China Inner Mongolia Forestry Industry Group, Greater Khingan Mountains Forestry Group, China Jilin Forestry Industry Group Co., Ltd., Singla Timbers, Oji Group, EGGER Limited, RTS Forestry, James Jones and Sons Limited, Metsähallitus Forestry Ltd., ATA Timber, Bergs Timber AB, Scottish Woodlands Ltd., Holmen Timber, BSW Timber, Titan group, Timberwood, Russia Forest Products, LST a.s., Wotan Forest, a.s., UNILES Inc., Segezha Group, SORT-1, LLC, KPPD-Szczecinek SA, Sawmill Radom, Ilim Timber LLC, Hancock Timber Resource Group, RSH Forest Products, Sierra Pacific, Benevides Madeiras, Duratex, Fibria Celulose, Klabin, Suzano Papel e Celulose, Daco Parquet Factory AS, Kartonsan, Balci Orman Urunleri, Merensky, Safcol, Miro Forestry and Timber Products, United Forest Products, Chukifywood, Firstcut International, Royal Castle Trading Enterprises, Chrischeriss Global Services Ltd.

The Asia-Pacific was the largest region in the forestry and logging market in 2023. North America was the second-largest region in the forestry and logging market. The regions covered in the forestry and logging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the forestry and logging market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The forestry and logging market consists of revenues earned by entities that produce or harvest forestry products and logs and are involved in growing, cutting and transporting timber, operations of the timber tract, growing trees for reforestation and collecting forest products such as gums, barks and fibers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.


The primary categories within forestry and logging include logging itself, timber tract operations, forest nurseries, and the collection of forest products. Logging specifically denotes the harvesting of trees, the cutting of suitable lengths, and the transportation of the logs to a sawmill. The offerings in this domain encompass hardware, software, and services utilized across various applications such as construction, industrial goods, and others.

The forestry and logging market research report is one of a series of new reports that provides forestry and logging market statistics, including forestry and logging industry global market size, regional shares, competitors with a forestry and logging market share, detailed forestry and logging market segments, market trends and opportunities, and any further data you may need to thrive in the forestry and logging industry. This forestry and logging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.