Wood Bio-Products Market by Type, Distribution Channel, Application

List of Tables

[192 Pages Report] The Wood Bio-Products Market size was estimated at USD 250.02 billion in 2023 and expected to reach USD 271.92 billion in 2024, at a CAGR 9.05% to reach USD 458.72 billion by 2030.

Wood bio-products encompass a diverse range of products that are derived from the processing of wood biomass. These products are classified based on their nature and uses. Primary categories include bioenergy, such as wood pellets and chips used for heating and power generation; biochemicals, which are organic chemicals extracted from wood such as cellulose, lignin, and hemicellulose for use in pharmaceuticals, plastics, and food additives; and biomaterials, which are materials, including bio-based polymers and composites, that can be utilized in construction, packaging, and consumer goods. The development and use of wood bio-products is a critical component in the move towards a more sustainable and circular economy. By efficiently utilizing the byproducts of wood and forest industries, the sector reduces waste and dependence on fossil-fuel-derived products. Moreover, as wood is a renewable resource, wood bio-products often have a lower environmental impression regarding carbon dioxide emissions and energy consumption when compared to their non-renewable counterparts. The end-use scope varies from bioethanol for transport fuel, bio-based plastics and polymers for packaging to bioactive compounds for medicinal uses. The versatility and sustainability of wood as a raw material make it a promising alternative to fossil-based products. The wood bio-products market growth is influenced by several factors, including increasing demand for engineered wood products due to sustainability and durability, government initiatives and investments to support the use of bio-based wood products, growing awareness regarding sustainability and reducing carbon footprints, and adoption of wood bio-based products by the construction industry. However, the wood bio-products market faces challenges such as high costs for manufacturing plant installations and various cost-efficient alternatives for wood bio-products. On the other hand, innovations in bioconversion and processing technologies, the development of wood-based textiles as sustainable fashion alternatives, and the penetration of online channels for wood bio-based products present probable opportunities for the market to grow in the coming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 250.02 billion
Estimated Year [2024]	USD 271.92 billion
Forecast Year [2030]	USD 458.72 billion
CAGR (%)	9.05%

Type: Growing preference for biopolymers and bioplastics owing to more sustainable packaging and material solutions

Biochemicals are compounds derived from biological sources, particularly wood, used as an alternative to their fossil-fuel-based counterparts. They find applications in various industries, including pharmaceuticals, food and beverage, personal care, and agriculture. Biocomposites combine natural fibers such as wood with polymers, which can be either synthetic or bio-based. They represent a significant advancement in materials engineering, providing sustainable alternatives for the construction, automotive, and packaging industries. Biofuels are made from living organisms or metabolic by-products, including organic or food waste products. In the case of wood bio-products, this means converting forestry waste and by-products into energy sources, such as bioethanol or biodiesel. Biopolymers and bioplastics are materials from renewable biomass sources, such as wood chips and sawdust. They are an alternative to petroleum-based plastics and are earning popularity due to their biodegradability and lower environmental impact. In conclusion, the wood bio-product market is a dynamic and rapidly evolving landscape. As consumers increasingly prioritize sustainability, manufacturers respond with innovative solutions across all types of wood bio-products. Ongoing developments, partnerships, and technological advancements within the biochemical, biocomposite, biofuel, and biopolymer & bioplastic segments signal a promising future for these sustainable materials.

Distribution Channel: Rising adoption of online channel for purchasing wood bio-products with expansive variety and competitive pricing benefit

The offline distribution channel for wood bio-products encompasses traditional brick-and-mortar outlets such as specialty stores, wholesalers, and direct sales from manufacturers. Due to its established relationships and comprehensive supply chains, this channel has been the mainstay for distributing wood bio-products. The online distribution channel includes eCommerce platforms, online marketplaces, and direct online sales by manufacturers. Technological advancements and logistic services have made the online channel increasingly attractive for various customers. Unlike online, offline sales have the advantage of immediate availability and reduced shipping times. Online distribution holds the advantage of around-the-clock availability and accessibility from any location, which can cater to a global customer base.

Application: Rising application of wood bio-products in construction industry due to green building standards and lower environmental impact

Wood bio-products in the automotive and transportation sector serve as lightweight and sustainable alternatives to conventional materials. The preference for wood-based materials derives from the automotive and transportation industry's focus on reducing the carbon footprint and enhancing fuel efficiency by reducing vehicle weight. The chemicals and materials leverage wood bio-products to create bio-based chemicals, such as cellulose derivatives, lignin-based products, and bio-resins. These materials are used as alternatives to petroleum-based products, meeting the demand for greener and more sustainable chemical production. In construction, wood bio-products such as cross-laminated timber (CLT), glulam, and bio-based insulating materials are becoming increasingly popular due to their sustainability credentials and carbon-sequestering abilities. The construction industry's preference for wood bio-products aligns with the global push for green building standards and lower environmental impact. Wood bio-products are revolutionizing the packaging industry by providing biodegradable and compostable packaging options. The preference for wood-derived packaging solutions stems from the growing consumer and regulatory push for reducing plastic waste. The textile industry is incorporating wood bio-products such as Lyocell and modal fibers derived from wood cellulose. These eco-friendly textiles offer a sustainable alternative to petrochemical-based fibers such as polyester and are valued for their natural comfort, breathability, and biodegradability.

Regional Insights

In the United States, the demand for wood bio-products is driven by robust construction activities, trends in sustainable packaging, and the furniture industry's continuous growth. Eco-conscious consumers increasingly favor wood-derived biochemicals and materials, which aligns with the nation's commitment to mitigating climate change. Canada specializes in high-quality timber and advanced wood materials for construction and paper goods. The Canadian government actively supports innovation in this sector through initiatives to drive collaboration between industries and research institutions. The South American wood bio-product market has been showing a trend toward sustainable and environmentally friendly products. With its expansive forestry sector, Brazil is central to the bio-products market, providing raw materials and technological innovation in biorefineries. The EU's focus on circular economy and green initiatives has translated into increased demand for wood bio-products. The EU's stringent environmental regulations push for sustainable sourcing and usage of wood products. Consumers in this region are highly willing to pay for eco-friendly products, thus influencing purchasing behavior. The Middle East demonstrates a growing interest in sustainable building materials, including wood bio-products, driven by eco-tourism and green building projects. Despite the limited forestry resources in the Middle East, investments in wood modification technologies are on the rise. With their vast forestry resources, African countries increasingly participate in the global wood trade, focusing on sustainable sourcing. The APAC region is witnessing rapid development in the wood bio-products market due to increasing demand for sustainable materials from populous countries such as China and India. China's research and patent landscape highlight breakthroughs in efficient production processes for wood-derived materials, particularly in the paper and construction industries. India's wood bio-products industry is burgeoning, reinforced by its expanding middle class and increasing infrastructural investments. The Japanese market exhibits a high preference for quality and sustainably sourced wood bio-products. Consumer purchasing behavior is characterized by a willingness to invest in eco-friendly products amidst an environmentally conscious population.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Wood Bio-Products Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Wood Bio-Products Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Wood Bio-Products Market, highlighting leading vendors and their innovative profiles. These include Billerud AB, Bio Diversity LLC, Canfor Corporation, Celulosa Arauco y Constitucion, Domtar Corporation, Ekman & Co AB, Enviva Inc., Georgia-Pacific LLC by Koch Industries, Inc., HS Timber Group, JELD-WEN, Inc., Klabin S.A., Kruger Inc., Louisiana-Pacific Corporation, Mercer International Inc., Metsa Group, Rayonier Advanced Materials Inc., Sappi Limited, Sonae Arauco Deutschland GmbH, Stora Enso Oyj, Suzano SA, Sodra, SE, Tolko Industries Ltd., UFP Industries, Inc., UPM-Kymmene Corporation, Viru Keemia Grupp, West Fraser Timber Co. Ltd., and Weyerhaeuser Company.

Market Segmentation & Coverage

This research report categorizes the Wood Bio-Products Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Biochemicals
- Biocomposites
- Biofuels
- Biopolymers & Bioplastics

Distribution Channel
- Offline
- Online

Application
- Automotive & Transportation
- Chemicals & Materials
- Construction
- Packaging
- Textile

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Wood Bio-Products Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Wood Bio-Products Market?

3. What are the technology trends and regulatory frameworks in the Wood Bio-Products Market?

4. What is the market share of the leading vendors in the Wood Bio-Products Market?

5. Which modes and strategic moves are suitable for entering the Wood Bio-Products Market?

Product Code: MRR-961BA04A2F00

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for engineered wood products due to sustainability and durability
  - 5.1.1.2. Adoption of wood bio-based products by construction industry
  - 5.1.1.3. Government initiatives and investments to support use of bio-based wood products
- 5.1.2. Restraints
  - 5.1.2.1. High costs for manufacturing plant installations
- 5.1.3. Opportunities
  - 5.1.3.1. Innovations in bioconversion and processing technologies
  - 5.1.3.2. Penetration of online channels for wood bio-based products
- 5.1.4. Challenges
  - 5.1.4.1. Presence of various cost-efficient alternatives for wood bio-products
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing preference for biopolymers and bioplastics owing to more sustainable packaging and material solutions
- 5.2.2. Distribution Channel: Rising adoption of online channel for purchasing wood bio-products with expansive variety and competitive pricing benefit
- 5.2.3. Application: Rising application of wood bio-products in construction industry due to green building standards and lower environmental impact
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Wood Bio-Products Market, by Type

6.1. Introduction
6.2. Biochemicals
6.3. Biocomposites
6.4. Biofuels
6.5. Biopolymers & Bioplastics

7. Wood Bio-Products Market, by Distribution Channel

7.1. Introduction
7.2. Offline
7.3. Online

8. Wood Bio-Products Market, by Application

8.1. Introduction
8.2. Automotive & Transportation
8.3. Chemicals & Materials
8.4. Construction
8.5. Packaging
8.6. Textile

9. Americas Wood Bio-Products Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Wood Bio-Products Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Wood Bio-Products Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Moelven Wood and Billerud collaborate to develop a new packaging
- 12.3.2. Klabin (KLBAY) to Buy Arauco's Forestry Operations in Parana
- 12.3.3. Ziegler Group acquires Sebes site from HS Timber Group
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio