According to IMARC Group latest report titled “North America Secondary Wood Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on Secondary Wood Products market in North America. The report also includes competitor and regional analysis, and contemporary advancements in the market. The North America secondary wood products market size reached US$ 212.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 243.5 Billion by 2027, exhibiting a growth rate (CAGR) of 2.22% during 2022-2027.
Secondary wood products refer to the items that are manufactured by the processing of primary wood products, including pulp, timber, and lumber. Also known as value-added wood products, they are widely used in the manufacturing of wooden cabinets, wooden pallets, engineered wood products, countertops, and secondary paper products.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The secondary wood products market in North America is primarily driven by considerable growth in the construction sector. With the rapid expansion of residential and commercial segments across the region, there has been a rise in building activities, which has contributed to an increased uptake of secondary wood products. This is further supported by the abundant availability of forest reserves in North America and the low production costs of secondary wood products. The market is further driven by an enhanced focus on sustainable development among the masses which has encouraged individuals to adopt recycled wood products. Also, an increase in the export of secondary wood products from North America to European and Asian markets is also creating a positive outlook for the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Ashley Furniture Industries
- Steelcase
- HNI Corporation
- Herman Miller
- Weyerhaeuser Company
North America Secondary Wood Products Market Segmentation:
Our report has categorized the market based on country and type.
Market Breakup by Country:
- United States
- Canada
Market Breakup by Type:
- Wood Furniture
- Secondary Paper Products
- Engineered Wood Products
- Others
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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