The global softwood market is expected to register a CAGR of over 3%
during the period 2018-2022, according to the latest market research
report by Technavio.
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Technavio has published a new market research report on the global softwood market from 2018-2022. (Graphic: Business Wire)
A key factor driving the market’s growth is the growing construction
industry. Softwood has been used in construction and interior works from
many years worldwide. The growth of the construction and real-estate
industries contributes to an increase in the number of housing
societies, office spaces, commercial complexes, and residential
buildings. This leads to high global demand across several industries.
This market research report on the global
softwood market 2018-2022 further provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio predicts an emerging trend
as a major factor that has the potential to significantly impact the
market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing
In this report, Technavio highlights the steady shift in softwood supply
from natural to plantation forests as one of the key emerging trends in
the global softwood market:
Global softwood market: Steady shift in
softwood supply from natural to plantation forests
Wood extraction is one of the significant reasons for deforestation and
forest degradation. It has major implications on the environment, global
warming, biodiversity, ecosystem services, local societies, and
economies. To address this problem, the public and private sectors are
taking initiatives to cultivate plantation forests with highly
productive timber plantations.
“Softwood procured from plantation forest is of increased price
because of the stricter controls on harvest rate and higher harvest
costs. But, the marginal costs of softwood extracted from natural
forests is increasing as the low-cost softwood is cut first. This will
lead to an increase in the prices gradually and is expected to exceed
the cost of softwood plantation forests,” says a senior analyst at
Technavio for research on construction.
Global softwood market: Segmentation analysis
This market research report segments the global softwood market into the
following end-users (construction and industrial) and key regions (the
Americas, APAC, and EMEA).
The construction segment held the largest market share in 2017,
accounting for nearly 62% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.
The Americas held the highest share of the global softwood market in
2017, accounting for a market share of more than 36%. The market share
occupied by this region is anticipated to increase by almost 1% during
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Some of the key topics covered in the report include:
Five Forces Analysis
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005501/en/