Global Logs Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Global Logs Market Growth

Every year, around 4 billion cubic meters of wood are produced worldwide. The United States is the world's largest producer of wood, with 292.1 million cubic meters produced per year. With 225.7 million cubic meters of wood, including hardwoods and softwoods, China is the second-largest producer of wood, leading to the logs market expansion. Countries that export wood make significant contributions to the global wood market and economic growth. The top five wood exporters are the United States, Canada, Poland, Germany, and China.

The worldwide construction sector is expected to reach USD 15.2 trillion by 2030, as per data from Marsh. Additionally, the firm projects that the top 10 global construction markets will account for 70% of the growth over the same time period, with China, India, the US, and Indonesia alone accounting for 60% of the growth. As per the logs market analysis, logs are widely used in the construction sector for roofing, flooring, structural beams, and framing in buildings due to their strength and longevity. Timber logs provide building insulation, are renewable, and enhance the visual attractiveness of buildings. Log-derived engineered wood products, including plywood and laminated beams, are used in a variety of building materials that support environmentally friendly building trends and promote sustainable practices in the construction sector.

Key Trends and Developments

Global Logs Market Trends

Significant trends in the market are being influenced by shifting customer choices, technology breakthroughs, and environmental concerns. A growth in certified and ethically harvested wood is a result of governments and consumers placing a greater emphasis on sustainable forestry methods. Technological advancements in logging machinery and procedures have increased productivity and decreased environmental effects, consequently boosting the logs market expansion.

Furthermore, the need for timber in infrastructure and buildings is being driven by population increase and urbanisation, especially in emerging economies. The need for logs is also being increased by the growth of wood-based bioenergy for renewable energy sources. The market expansion is further aided by the increased demand for natural wood products in the furniture and interior design sectors.

Global Logs Industry Segmentation

Global Logs Market Share

Based on type, the market is segmented into hardwood and softwood. The hardwood segment is projected to grow at a CAGR of 4.0% during the forecast period. Deciduous, broad-leaved trees like oak and maple are the source of hardwood. Due to its dense, robust structure and reputation for strength and longevity, it is frequently used in flooring, furniture, and buildings.

Leading Companies in the Global Logs Market

Major players are focusing on the adoption of sustainable production practices to gain a competitive edge, increasing the logs market value.

Weyerhaeuser Company

One of the biggest private forest owners, Weyerhaeuser was established in 1900 and is headquartered in Seattle, Washington, United States. The company serves a variety of sectors, including the pulp, paper, and construction sectors, and specialises in sustainable forestry and wood products.

West Fraser Timber Co. Ltd.

Founded in 1955 and with its main office in Vancouver, Canada, West Fraser Timber is a significant manufacture...

Canfor Corporation

Canfor Corporation, a major provider of lumber, pulp, and paper goods, was established in 1938 and has its hea...

Interfor Corporation

One of the biggest timber producers in North America, Interfor Corporation was established in 1963 and has its...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major players in the market are Stora Enso, Arauco, UPM-Kymmene Corporation, PotlatchDeltic Corporation, Rayonier Inc., and Boise Cascade, among others.