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US Secondary Wood Products Market to Reach US$ 311.4 Billion by 2027, Propelled by Introduction of Multi-Functional Products

Published on Aug 16, 2022

The latest report by IMARC Group, titled “US Secondary Wood Products Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the US Secondary Wood Products Market reached US$ 272.8 Billion in 2021. Secondary wood products are manufactured using primary wood products, such as lumber, plywood, hardboard, timber, and pulp. They involve clothespins, tool handles, golf tees, toothpicks, yardsticks, tongue depressors, popsicle sticks, pepper mills, rolling pins, kitchen utensils, drumsticks, furniture, and bird feeders. They are widely utilized in offices, shopping malls, hotels, kitchens, bedrooms, and living rooms for ambient decor.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

US Secondary Wood Products Trends:

Substantial growth in the construction industry, along with increasing remodeling and renovation activities in residential and commercial complexes for premium-quality and aesthetically appealing furniture, represents one of the key factors contributing to the market growth in the US. Apart from this, leading manufacturers operating in the country are introducing personalized, do-it-yourself (DIY) and multi-functional products to enhance the experience of the user, which is creating a positive outlook for the market. Besides this, the easy availability of these products through online channels on account of hectic schedules is offering lucrative opportunities to industry investors. Furthermore, due to rising environmental concerns, several initiatives are being undertaken by the US Government to promote the usage of eco-friendly materials and minimize carbon footprints, which is propelling the market growth. It can also be attributed to the growing awareness about the benefits of using wood-based products. Besides this, the expanding population and the rising demand for household wood products are other factors creating a favorable market outlook in the country. Looking forward, IMARC Group expects the market to reach US$ 311.4 Billion by 2027, exhibiting a CAGR of 2.30% during the forecast period (2022-2027).

Market Summary:

  • Based on type, the market has been bifurcated into wood furniture (office furniture, household and institution, wooden kitchen, cabinets and counterparts, and others); engineered wood products (plywood, OSB, particle board and others); secondary paper products (paper products and paper containers); and others. At present, wood furniture holds the largest market share as it is cost-effective, durable, requires less maintenance, and provides resistance against wear and tear.
  • The competitive landscape of the market has been examined, along with the profiles of key players.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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