Global Wood Recycling Market – Overview
The global wood recycling market has witnessed a promising growth path in the past few years and has come a long way in terms of the technologies used and the quality of products that are manufactured by recycling waste wood sourced from a number of industries. Rising demand from a number of applications, the set of which is constantly rising, and increased production capacity are likely to continue to drive the global wood recycling market further on the path of promising expansion in the near future as well.
This market research study offers a detailed analysis of the global wood recycling market and its growth prospects over the period between 2018 and 2026. The report analyzes the size of global wood recycling market in terms of revenue and volume. Apart from describing the prominent trends in the global wood recycling market, this report covers other vital aspects such as the market demand drivers, market restraints, innovations and latest technological developments, growth opportunities, and the overall pattern of growth.
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Global Wood Recycling Market – Trend and Opportunities
One of the leading trends of impact the global wood recycling market is the fact that the end-user is becoming more aware about the negative impact of mass-cutting of trees has on the environment. The rising global demand for timber from across a number of industries, rising demand for easily replaceable, economical, and light-weight furniture in emerging economies, and technological advancements in the field of wood recycling are also driving the global wood recycling market. Moreover, the improved understanding regarding the fact that wood recycling leads to a reduced impact of greenhouse gases on the environment and that recycled wood is more suitable for applications that require products with more strength as compared to natural wood will also bode well for the global wood recycling market.
However, the lack of proper scrap wood collection, segregation, and recycling infrastructure in several emerging economies across regions such as Asia Pacific and Africa could bring down the potential growth prospects of the global wood recycling market in the near future. Nevertheless, the rising set of applications of recycled wood, especially in industries such as construction, furniture, and packaging, will continue to provide ample growth opportunities to the global wood recycling market.
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Key vendors in the global wood recycling market are Carolina Fibre Corporation, Global Waste Recyclers Ltd, Evergreen Paper Recycling, Hadfield Wood Recyclers, American Paper Recycling Corp., Hanna Paper Recycling, and Huron Paper Stock.