The Canada secondary wood products market reached a value of US$ 28.8 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit stable growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
Market Breakup by Type
Household & Institution
Wooden Kitchen, Cabinets and Countertops
Engineered Wood Products
Secondary Paper Products
Amongst these, wood furniture represents the leading segment, accounting for the majority of the market share.
The report has also examined the competitive landscape of Canada secondary wood products market. Some of the major players include:
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?