Latest News- Wood Recycling Market: Wood panels is expected to lead the Application segment during 2025-2029

The Wood Recycling Market is being driven by Increasing use of biomass fuels

The Wood Recycling Market is expected to grow at a CAGR of 9.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 15818.2 million. In the context of the circular economy, the global wood recycling market plays a pivotal role by facilitating the reuse and recycling of wood, thereby promoting resource efficiency and sustainability. This market is instrumental in reducing wood waste, which would otherwise end up in landfills, and conserving natural resources. To achieve a circular economy for wood products, it is imperative for businesses, governments, and organizations to collaborate and invest in the necessary infrastructure and technology for recycling and reusing wood waste. This approach not only supports the circular economy model but also encourages more sustainable waste management practices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Wood panels
  • Energy generation
  • Others
• Material
  • Paper and cardboard
  • Waste wood
• Method
  • Mechanical
  • Chemical
  • Thermal
• End-use Industry
  • Residential
  • Industrial
  • Commercial
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing use of biomass fuels
• Growing urbanization and literacy rate
• Regulations for reducing GHG emissions and use of bioenergy in heating systems

However, the market also witnesses some limitations, which are as follows:

• Logistical challenges in recycling waste wood
• Regulatory policy-related challenges in recycling wood
• Lack of awareness of wood recycling

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Market Scope in Wood Recycling Market Research Report

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Research Analysis Overview

The Wood Recycling Market encompasses various sustainable solutions, including wood-plastic composites, bio-based materials, engineered lumber, cross-laminated timber, and mass timber. These innovations promote circular economy models through closed-loop systems, material recovery, and waste reduction. Renewable energy sources, such as biomass energy and bioenergy crops, play a crucial role. Sustainable forestry and forest management ensure carbon sequestration, while green building standards like LEED and BREEAM certifications prioritize eco-friendly products and sustainable design. Urban forestry, green infrastructure, and renewable resources further contribute to the sector's growth. Policy incentives, investment opportunities, and consumer awareness drive the market, with a focus on supply chain transparency, responsible sourcing, and environmental regulations. Data analytics help optimize resource efficiency and reduce the carbon footprint of the industry.

Market Research Overview

The global environmental and facilities services market encompasses businesses offering solutions for waste management, facilities management, and pollution control. According to Technavio's market analysis, this market's size is determined by the consolidated revenue generated by these service providers. Key growth drivers include the increasing focus on sustainability and environmental stewardship, which fosters demand for wood recycling, timber reuse, wood processing, and wood biomass applications. These factors collectively contribute to the expanding market for environmental and facilities services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/