BROWSE THROUGH OUR TRADE FAIRS FOR WOOD INDUSTRY

Wood

Overview of the wood/forestry industry

The wood industry is a leading, central and time-honoured segment in the global economy. It is because it has time-established links to humanity’s history. Likewise, it is because of its extensiveness. For example, it has comprehensive links to the furniture, forestry, and paper industries. This results in the development of an extensive and high-value sector. For instance, it has recently extended to include more than 393,000 enterprises in some regions. They range from small and medium-scale establishments to extensive corporations. They employ at least 33 million professionals throughout the entire value chain. These include the harvesting, timber mills, production, and transport sections.

Is the industry innovative and highly valued?

As a result, the global wood market has recently reached a market size of around $992 billion. Also, it is anticipated to continue developing at a CAGR of 1.1% in the upcoming years. There are several reasons for the growth potential. Among them is its chief focus on research and development. It includes further automation. Generally, the sector presents its most recently developed innovations during trade expos. These include during quadrennial, triennial and biannual events in diverse countries. They attract hundreds of thousands of attendees to the trade expos' hosting sites.