Trends, Drivers and Vendor Forecasts for 2021-2025
Accelerating at a CAGR of 7.11%, the wood recycling market is expected to post an incremental growth of $ 8.86 billion over the next five years. 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 are among the key market players.
The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, our report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
Wood Recycling Market: Market Segments and Key Trends
The Wood recycling market is segmented by Material (Paper and cardboard and Waste wood) and Geography (APAC, North America, Europe, South America, and MEA). APAC led the market with 44% of the market growth set to originate from this region during the forecast period. Logistical challenges in recycling waste wood is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Wood Recycling Market: Top Drivers to Boost Demand
Increasing use of biomass fuels is one of the primary factors driving the growth of the wood recycling market. Biomass, which is derived from wood and wood processing wastes is a carbon-neutral energy source, which makes it highly beneficial in creating a less-polluting environment. Further it contributes 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 which include different subsidies and tax incentives for the development of biomass as a fuel.
The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
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