Wood Recycling Market Report and Forecast 2025-2034

The global wood recycling market was valued at USD 21.34 Billion in 2024. The industry is expected to grow at a CAGR of 5.10% during the forecast period of 2025-2034 to attain a valuation of USD 35.09 Billion by 2034.

Market Segmentation

Wood recycling refers to the method used to make new goods using chips made of clean waste wood that contains no contaminant or harmful materials, such as cement, asbestos, arsenic, or creosote.

Market Breakup by Grade

• Wood
• Paper and Paperboard

Market Breakup by End-Use

• Newsprint
• Sanitary and Household
• Packaging
• Wood Panels
• Energy Generation
• Others

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

The use of sustainable and renewable sources of energy like biomass to reduce carbon emissions is growing. Many governments around the world are developing favourable policies and concessions to promote the manufacturing of biomass energy. The need for renewables such as biomass has been further increased by the diminishing non-renewable energy sources like fossil fuels. With the growing use of biomass, raw materials such as timber pellets, thin, unused wood, and palm kernel coats would be widely demanded. Thus, the expansion of the global biomass industry over the forecast period 2025-2034 is expected to drive the wood recycling market growth.

The market for paper has been boosted by factors like rapid urbanization and a growing literacy rate. Due to the large population as well as the increasing consumers power in China and India, the Asia-Pacific region is projected to provide substantial growth potential for the wood recycling market. The demand for wood waste products in Europe, including wood pellets and wood briquettes, is mainly driven by an increased use of renewable energy. Some European countries are concentrating more on renewable energy production, for example, biomass, thus aiding the growth of the wood recycling market.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global wood recycling market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Evergreen Paper Recycling LLC
• Global Waste Recyclers Ltd
• Hanna Paper Recycling
• Interwest Paper Inc.
• Northstar Recycling Company
• Ricova International Inc.
• Sappy ReFibre
• Others

The report gives an in-depth insight into the wood recycling market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.