Canada Secondary Wood Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Canada Secondary Wood Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The Canada secondary wood products market size reached US$ 30.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.1 Billion by 2028, exhibiting a growth rate (CAGR) of 1.7% during 2023-2028.

Secondary wood products, also known as value-added wood products, are manufactured by the processing of primary wood products such as lumber, timber, pulp, etc. Secondary wood products include products such as wooden kitchen, cabinets and countertops, engineered wood products, wooden pallets, and secondary paper products.

Secondary wood products market is a growing contributor to economic and employment growth in Canada. Recent forest product innovations in the country have led to improved industrial competitiveness and environmental performance in a wide range of industries, from natural resources, manufacturing and agriculture, to chemicals, healthcare, and cosmetics. According to the Forest Products Association of Canada (FPAC), Canada is a leader in forest sustainability and accounts for the majority of the share of all certified forests in the world, leading to a growth in the secondary wood products market. Strengthening and facilitating the secondary wood products manufacturing is now being perceived as the next step to create a more sustainable economy in Canada. Moreover, investments made by the country in Forest Industry Transformation program (IFIT) to support Canada’s forest sector have increased the growth of secondary wood products market in the region. The country also represents one of the largest exporters of wood products in the world, thereby rising its economy with the sale of various secondary wood products across the globe.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Canada secondary wood products market report, along with forecasts for the period 2023-2028. Our report has categorized the market based on type.

Breakup by Type:

Wood Furniture
Office Furniture
Household & Institution
Wooden Kitchen, Cabinets and Countertops
Others
Engineered Wood Products
Plywood
OSB
Particle Board
Others
Secondary Paper Products
Paper Products
Paperboard Containers
Others

Amongst these, wood furniture represents the leading segment, accounting for the majority of the market share.

Competitive Landscape:
The report has also examined the competitive landscape of Canada secondary wood products market. Some of the major players include:

G. Romano
Amisco Industries
BSG Inc.
BG Furniture
Herman Miller
Weyerhaeuser Company

Key Questions Answered in This Report:
How has the Canada secondary wood products market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Canada secondary wood products market?
Which are the popular product types in the Canada secondary wood products market?
What are the various stages in the value chain of the Canada secondary wood products industry?
What are the key driving factors and challenges in the Canada secondary wood products industry?
What is the structure of the Canada secondary wood products industry and who are the key players?
What is the degree of competition in the Canada secondary wood products industry?