Firewood Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the firewood market was valued at USD 890.2 million in 2022, and a CAGR of 4.5% is expected during the forecast period. Increasing demand for firewood as an increasing source of home energy for rural populations in many developing countries like China and India is driving the growth in the firewood market. It is less expensive and easily available in comparison to other fuels. In the future, it is anticipated that this trend in these rural areas will remain the same. Seasonal demands, outdoor activities, the renewable energy trend, high demand in rural areas, landscaping, DIY culture, alternatives to gas, and awareness of eco-friendly practices are driving the demand for firewood.

Impact of Covid-19

Increased home activities with lockdowns and restrictions, more people spent time at home, leading to increased demand for firewood for home heating and outdoor activities. Home improvement and DIY projects gained popularity during lockdowns, leading to a potential increase in the demand for firewood. Disruptions in supply chains, including transportation and logistics, have affected the availability of firewood. Economic uncertainties and challenges during the pandemic have influenced consumer spending, potentially impacting the demand for non-essential items like firewood. Closure or reduced capacity of businesses in hospitality and tourism, where firewood is often used for ambiance, have led to a decreased demand.

Growth Drivers

Increasing demand for firewood in the winter season and increasing demand for it to cook food in rural areas of developing countries is driving the growth of the firewood market. Increasing demand for firewood for outdoor activities is driving growth in the firewood market. Increasing demand for heating purposes in colder countries is driving the growth of the market. Growing interest in camping, bonfires, and their use as renewable energy sources, and high demand in rural areas where fireplaces and wood-burning stoves are common.

Increasing awareness of the environmental benefits of using wood all over the world is driving the growth of the market. Some users choose firewood as a cost-effective solution to gas heating. Rise in DIY projects, where people do prefer using firewood for various projects. The use of firewood for landscaping features like firepits and outdoor ovens is driving the growth of the market.

Segmentation

By Woods Type

·         Log Woods

·         Wood Chips

·         Pellets

·         Forestry Residues

By End User

·         Residential

·         Commercial

By Distribution Channel

·         Hyper Markets

·         Super Markets

·         Specialty Stores

·         Online Sales

·         Business to Business

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Firewood Market Type Segmentation

On the basis of type, the firewood market is segmented into log woods, wood chips, pellets, and forestry residues. Log wood is the leading segment and is expected to dominate the market during the forecast period. The majority of the valuable log wood is brought to the United Kingdom from Jamaica.

Firewood Market End-User Segmentation

On the basis of the end-user, the firewood market is segmented into two types: commercial and residential. The commercial segment is dominating the market due to increasing recreational activities like camping, hiking, and others. The increasing participation of people in recreational activities is driving growth in the firewood market significantly. Recreational activities have myriad health benefits, as they reduce stress. So overall recreational activity enthusiasts are increasing with time, and the firewood market is also growing significantly. For residential use, consumers often prioritize seasoned hardwood for efficient and clean burning in fireplaces or wood stoves. Increasing awareness about environmental pollution among people is driving the growth of the firewood market globally.

Firewood Market Distribution Channel Segmentation

On the basis of distribution channels, the firewood market is segmented into hypermarkets, supermarkets, specialty stores, online sales, and business-to-business. Specialty stores are the leading segment and are expected to remain at the top during the forecast period. Specialty stores have unique features such as ease of availability of the products. Larger varieties of wood are available in specialty stores. Increasing demand for wood in recreational activities worldwide is driving the growth of the firewood market significantly. Online sales are another rapidly growing segment and are expected to remain at the top during the forecast period. Trained specialists and stored staff are available to help the buyers purchase the wood.

Regional Outlook

On the basis of the regions, the firewood market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The European market is the leading segment among all and is expected to dominate during the forecast period. Increasing demand for wood for the purposes of cooking and heating is the key driver behind the growth in this market. The European firewood market is diverse, with preferences for different wood types varying by region. Hardwoods like oak and beech are popular for their slow burning and high heat output. Sustainable forestry practices are emphasized in many European countries, like Spain, Italy, France, Germany, the UK, Greece, Sweden, Norway, and Denmark.

There is a growing interest in alternative wood sources for heating, like wood pellets, which are also very popular. In the Asia-Pacific region, 75% of all wood production is utilized as fuel, and wood remains the primary energy source in many emerging countries like India, China, Nepal, Pakistan, Bhutan, Sri Lanka, and Afghanistan. Due to rising disposable income and better access to more practical fuels, the use of wood as a fuel for cooking food has decreased drastically in recent years. The increasing use of wood for commercial and residential purposes is driving the growth of the market significantly.

Growing interest in recreational activities, camping, and bonfires has increased wood consumption all over the world. The North American firewood market is influenced by various factors, such as regional demand, climate conditions, and forestry practices. Consumers often seek seasonal hardwoods like oak and maple for efficient and clean burning. Sustainable harvesting practices and local regulations also play a role in shaping the firewood industry.

Key Players

·         The Original Charcoal Company

·         Royal Oak Enterprises

·         Fogo Charcoal

·         Jacobi Carbons

·         Cooks International

·         St. Louis Charcoal Company

·         Kingsford

·         Charcoals Supply Company

·         Stora Enso

·         Other Players