Wood Recycling Market by Material and Geography - Forecast and Analysis 2021-2025

The wood recycling market share is expected to accelerate at a CAGR of 7.11% and reach an estimated value of USD 8.86 billion from 2020 to 2025. One of the key highlights is the valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

This wood recycling market research report extensively covers wood recycling market segmentation by material (paper and cardboard and waste wood) and geography (APAC, North America, Europe, South America, and MEA).

The wood recycling market report also offers information on several market vendors, including ALBA Group Plc and Co. KG, California Waste Solutions Inc., Canadian Wood Waste Recycling Business Group., Carolina Fibre Corp., Community Wood Recycling, Enva, Evergreen Recycling LLC, Global Waste Recyclers Ltd., Hanna Paper Fibres Ltd., and Mid America Paper Recycling among others.

What will the Wood Recycling Market Size be During the Forecast Period?

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Wood Recycling Market: Key Drivers, Trends, and Challenges

The increasing use of biomass fuels is notably driving the wood recycling market growth, although factors such as logistical challenges in recycling waste wood may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wood recycling industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wood Recycling Market Driver

• The increasing use of biomass fuels is one of the key drivers supporting the wood recycling market growth. 
• Biomass is derived from wood and wood processing wastes, among several other organic wastes. It is a carbon-neutral energy source, which makes it highly beneficial in creating a less-polluting environment and contributing to the targets set by governments in terms of achieving energy efficiency and reducing carbon emissions.
• Biomass energy production is being encouraged across the world with the implementation of favorable policies as well as different subsidies and tax incentives for the development of biomass as a fuel.
• As fossil fuels are depleting gradually, the growing need for renewable energy sources has driven governments to encourage biogas production.

Key Wood Recycling Market Trend

• The increasing use of biomass district heating is another factor supporting the wood recycling market growth.
• District heating centers are switching from coal, oil, and gas to biomass boilers due to emission regulations and the renewable nature of biomass. 
• The implementation of the carbon tax policy by governments in countries such as the US, the UK, and others is another reason for the switch to biomass district heating.
• Carbon tax policies levy a fee on the end-users of carbon fuels for the damage caused by releasing CO2 into the atmosphere. This leads to an increase in the overall cost of consuming carbon fuels for end-users and directs new investments for power generation toward renewables, which further attracts several subsidies from governments by countries across the world.
• The demand for biomass from district heating systems will continue to rise, which will drive the demand for recycled wood products. This is expected to lead to the growth of the market during the forecast period.

Key Wood Recycling Market Challenge

• The logistical challenges in recycling waste wood may hinder the wood recycling market share growth during the forecast period. 
• The recovered wood, paper, and cardboard do not yield high-profit margins. 
• The handling of large volumes of waste wood poses several challenges during transportation as a significant volume of these products is available in dust and debris.
• Air transportation is the most convenient and fast transportation mode available. However, it is not feasible to transport waste wood products via air due to their density and low economic value.
• The primary mode of transportation remains road transport, which is not only time-consuming but also has low transport capacity. As a result, profits remain low. 
• The logistical issues, as well as storage and transportation complexities associated with waste wood product recycling, may affect the growth of the global wood recycling market growth in the coming years.

This wood recycling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the wood recycling market as a part of the global environmental and facilities services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wood recycling market during the forecast period.

Who are the Major Wood Recycling Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• ALBA Group Plc and Co. KG
• California Waste Solutions Inc.
• Canadian Wood Waste Recycling Business Group.
• Carolina Fibre Corp.
• Community Wood Recycling
• Enva
• Evergreen Recycling LLC
• Global Waste Recyclers Ltd.
• Hanna Paper Fibres Ltd.
• Mid America Paper Recycling

This statistical study of the wood recycling market encompasses successful business strategies deployed by the key vendors. The wood recycling market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• ALBA Group Plc and Co. KG - The company offers wood recycling services that provide recycling solutions which include waste management, recovering raw materials, logistics, and facility services, under the brand name of ALBA Group Plc and Co. KG.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wood recycling market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Wood Recycling Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the wood recycling market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the environmental and facilities services market includes the following core components:

• Inputs
• Operations
• Marketing and sales
• Support activities
• Innovations

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Wood Recycling Market?

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44% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the wood recycling market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing use of biomass fuels, regulations on reducing GHG emissions, and the use of bioenergy in heating systems, will facilitate the wood recycling market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The wood recycling market faced some challenges due to the COVID19 pandemic in 2020 and 2021. In most countries, government restrictions were imposed in 2020 and parts of 2021 to curb the COVID 19. Construction activities and industries were shut down. Moreover, in countries such as India, the awareness about wood recycling is almost zero, and even industries lack interest in the same. Thus, the regional wood recycling market is expected to grow in moderation during the forecast period.

What are the Revenue-generating Material Segments in the Wood Recycling Market?

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The wood recycling market share growth by the paper and cardboard segment will be significant during the forecast period. Paper and cardboard materials are the most recycled wood products as they support several recycling cycles without losing their strength. These materials are readily recyclable and have well-established local markets for processing and manufacturing across the world due to their high recycling value. Thus, the environmental benefits of recycling such as the reduction in carbon emissions and solid waste will drive the growth of the segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wood recycling market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Wood Recycling Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive wood recycling market growth during the next five years
• Precise estimation of the wood recycling market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the wood recycling industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wood recycling market vendors

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