Forestry and Logging Global Market Opportunities and Strategies to 2034

This report describes and explains the forestry and logging market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global forestry and logging market reached a value of nearly $980.05 billion in 2024, having grown at a compound annual growth rate (CAGR) of 8.17% since 2019. The market is expected to grow from $980.05 billion in 2024 to $1.42 trillion in 2029 at a rate of 7.83%. The market is then expected to grow at a CAGR of 8.87% from 2029 and reach $2.18 trillion in 2034.

Growth in the historic period resulted from rise in demand from pulp and paper industry, boom in residential and commercial interiors fit-outs, rising popularity of wood-based sustainable building solutions and expansion of packaging industries using wood fiber. Factors that negatively affected growth in the historic period were deforestation regulations and illegal logging and weak enforcement mechanisms.

Going forward, growing construction activity, growth of modular and prefabricated housing, government support for reforestation programs and strong demand from woodcraft and furniture manufacturing will drive growth. Factors that could hinder the growth of the forestry and logging market in the future include high operational costs, competition from flexible pouches and vulnerability to climate change and natural disasters.

Asia Pacific was the largest region in the forestry and logging market, accounting for 54.86% or $537.65 billion of the total in 2024. It was followed by North America, South America and then the other regions. Going forward, the fastest-growing regions in the forestry and logging market will be Africa and Middle East where growth will be at CAGRs of 24.06% and 17.36% respectively. These will be followed by Asia Pacific and North America where the markets are expected to grow at CAGRs of 6.84% and 6.37% respectively.

The global forestry and logging market is highly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 0.79% of the total market in 2024. Stora Enso Oyj was the largest competitor with a 0.31% share of the market, followed by Svenska Cellulosa Aktiebolaget (SCA) with 0.10%, Weyerhaeuser Company with 0.069%, Canfor Corporation with 0.066%, Rayonier Inc with 0.06%, Oji Holdings Corporation with 0.042%, West Fraser Timber with 0.039%, Metsä Group with 0.036%, BSW Timber Ltd with 0.035% and Celulosa Arauco Y Constitución S.A with 0.033%.

The forestry and logging market is segmented by type into logging, timber tract operations, forest nurseries and gathering of forest products. The logging market was the largest segment of the forestry and logging market segmented by type, accounting for 87.79% or $860.37 billion of the total in 2024. Going forward, the forest nurseries and gathering of forest products segment is expected to be the fastest growing segment in the forestry and logging market segmented by type, at a CAGR of 9.77% during 2024-2029.

The forestry and logging market is segmented by application into construction, industrial goods and other applications. The construction market was the largest segment of the forestry and logging market segmented by application, accounting for 55.56% or $544.47 billion of the total in 2024. Going forward, the other applications segment is expected to be the fastest growing segment in the forestry and logging market segmented by application, at a CAGR of 8.81% during 2024-2029.

The top opportunities in the forestry and logging market segmented by type will arise in the logging segment, which will gain $378.77 billion of global annual sales by 2029. The top opportunities in the forestry and logging market segmented by application will arise in the construction segment, which will gain $263.42 billion of global annual sales by 2029. The forestry and logging market size will gain the most in Philippines at $64.73 billion.

Market-trend-based strategies for the forestry and logging market include focus on technological advancements in forestry machinery, focus on adoption of advanced mechanized and digital logging equipment, focus on adoption of advanced mechanized and digital logging equipment, focus on integration of precision forestry technologies, focus on focus on strategic expansion and carbon integration in forestry and logging, focus on expansion of timberland investment and reforestation projects and focus on rising focus on sustainable forest management and certification.

Player-adopted strategies in the forestry and logging market include focus on expanding business capabilities through strategic innovation and focus on expanding manufacturing capabilities through strategic acquisition.

To take advantage of the opportunities, the analyst recommends the forestry and logging market companies to focus on technology integration and operational efficiency, focus on advanced mechanization and digital forestry tools, focus on scaling precision forestry adoption, focus on expanding plantations and integrating carbon projects, focus on capital deployment for sustainable timberland expansion, focus on sustainable certification to strengthen market access, focus on forest nurseries and gathering of forest products, expand in emerging markets, focus on strengthening multi-channel market access, focus on balanced and value-driven pricing strategies, strengthen value-based messaging and visibility, expand outreach channels and stakeholder engagement and focus on expanding supply for fast-growing diversified applications.

The top opportunities in the forestry and logging market segmented by type will arise in the logging segment, which will gain $378.77 billion of global annual sales by 2029. The top opportunities in the forestry and logging market segmented by application will arise in the construction segment, which will gain $263.42 billion of global annual sales by 2029. The forestry and logging market size will gain the most in Philippines at $64.73 billion.

Market-trend-based strategies for the forestry and logging market include focus on technological advancements in forestry machinery, focus on adoption of advanced mechanized and digital logging equipment, focus on adoption of advanced mechanized and digital logging equipment, focus on integration of precision forestry technologies, focus on focus on strategic expansion and carbon integration in forestry and logging, focus on expansion of timberland investment and reforestation projects and focus on rising focus on sustainable forest management and certification.

Player-adopted strategies in the forestry and logging market include focus on expanding business capabilities through strategic innovation and focus on expanding manufacturing capabilities through strategic acquisition.

To take advantage of the opportunities, the analyst recommends the forestry and logging companies to focus on technology integration and operational efficiency, focus on advanced mechanization and digital forestry tools, focus on scaling precision forestry adoption, focus on expanding plantations and integrating carbon projects, focus on capital deployment for sustainable timberland expansion, focus on sustainable certification to strengthen market access, focus on forest nurseries and gathering of forest products, expand in emerging markets, focus on strengthening multi-channel market access, focus on balanced and value-driven pricing strategies, strengthen value-based messaging and visibility, expand outreach channels and stakeholder engagement and focus on expanding supply for fast-growing diversified applications.