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Wood Recycling business Market Analysis – Industry Size and share Report 2023 | Technavio

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LONDON–(BUSINESS WIRE)–The global wood recycling market is expected to post a CAGR of more than 4% during the forecast period 2019-2023, according to the latest market research report by Technavio.

The global #woodrecycling market is expected to post a CAGR of more than 4% during the forecast period 2019-2023, according to the latest market research report by @Technavio.

As per Technavio, the increasing use of biomass fuels will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global wood recycling market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Worldwide wood recycling market: Increasing use of biomass

There is an increase in the adoption of renewable and sustainable energy sources such as biomass to mitigate carbon emissions. Several governments across the world are framing favorable policies and providing subsidies to encourage biomass energy production. Depleting non-renewable energy sources such as fossil fuels have further increased the need for renewable energy sources such as biomass. The rising adoption of biomass will increase the demand for raw materials such as wood pellets, unused thinned wood, and palm kernel shells. These factors are expected to drive the growth of the global wood recycling market over the forecast period.

“Factors such as rapid urbanization and increasing literacy rate has fueled the demand for paper, including recycled paper in APAC. The region is expected to provide significant growth opportunities for wood recycling industries owing to its large population base and increasing purchasing power of consumers in China and India. In Europe, the demand for waste wood products such as wood pellets and wood briquettes is primarily driven by the increased consumption of renewables in the energy sectors. Several European countries are increasing their focus on the production of energy from renewable sources such as biomass. These factors are expected to fuel the growth of the global wood recycling market,” says an analyst at Technavio.

Worldwide wood recycling market: Segmentation analysis

This market report segments the global recycling market by material (paper and cardboard, and waste wood) and geography (the America, APAC, and EMEA).

APAC led the market in 2018 with a market share of around 38%, followed by EMEA and the Americas. The dominance of APAC can be attributed to the growth of the pulp industry in China.

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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem
Market characteristics
Market segmentation analysis
Market Sizing

Market definition
Market size and forecast
Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison
Key leading countries
Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario
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