Global Forestry Plantation Industry
The global forest product industry expanded by more than 16% in 2010 to exceed $1.2 trillion, reports MarketLine. The market is expected to record 26% growth over the five-year period ending 2015 to exceed $1.5 trillion. The industry is expected to grow 5% over the five-year period ending 2015 to exceed 3,000 million cubic meters.
Overall, the global forest products market is characterized by a high degree of fragmentation. It is forecast to continue expanding on foot of recovery in the housing industry, wood energy demand, and rising urbanization. The forest industry has an impact on the economy in various ways, reports Global Industry Analysts, providing jobs through the production of forest-based products, but also touching on other industries such as tourism and leisure.