LONDON--(BUSINESS WIRE)--The global wood recycling market is poised to grow by USD 4.53 billion during 2019-2023, progressing at a CAGR of over 4% during the forecast period. Request Free Sample Pages
Read the 109-page research report with TOC on "Wood Recycling Market Analysis Report by Material (Paper and carboard, and Waste wood), by Geography (APAC, EMEA, and Americas), and Segment Forecasts, 2019 – 2023."
The market is driven by the increasing use of biomass fuels. In addition, declining investments in the coal industry are anticipated to further boost the growth of the wood recycling market.
The increasing use of biomass fuels will be one of the major drivers in the global wood recycling market. To mitigate carbon emissions, the demand for renewable and sustainable energy sources such as biomass is increasing. The use of biomass energy is also encouraged by several governments across the world through favorable policies and subsidies. Depleting non-renewable energy sources such as fossil fuels have further increased the need for renewable energy sources such as biomass. The rising adoption of biomass will increase the demand for raw materials such as wood pellets, unused thinned wood, and palm kernel shells. These factors are expected to boost the global wood recycling market growth over the forecast period.
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Major Five Wood Recycling Market Companies:
California Waste Solutions, Inc.
The product offering of the California Waste Solutions, Inc. is collection & processing. Under this offering, the company buys back wood-based materials such as cardboard, newspaper, and white-colored and coated mixed paper in bulk amounts of 100 pounds or more.
Canadian Wood Waste Recycling Business Group
The key offering of the Canadian Wood Waste Recycling Business Group is wood recycling. The company recycles wood and accepts wood products such as coniferous and deciduous trees, manufactured wood products, and treated wood products.
Enva
Some of the products offered by the Enva are Wood recycling, and Paper and cardboard. Under the wood recycling offerings, the company recovers and recycles waste wood to produce sustainable products such as biomass fuel, animal bedding, and wood pellets.
Evergreen Recycling
Evergreen Recycling offers paper and cardboard recycling services. The headquarter of the company is in the US.
Global Waste Recyclers Ltd.
Global Waste Recyclers Ltd. provides collecting, grading, and indenting services to paper mills and commercial installations to collect paper for recycling purpose.
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Wood Recycling Material Outlook (Revenue, USD Million, 2019 - 2023)
- Paper and cardboard
- Waste wood
Wood Recycling Regional Outlook (Revenue, USD Million, 2019 - 2023)
- APAC
- EMEA
- Americas
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