Diversification of the forest industries: Role of new wood-based products

Author(s): Hurmekoski, E. Jonsson, R. Korhonen, J. J�nis, J. M�kinen, M.
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Publication Year: 2018
Publication Type: Journal Article
Source: 48 (12, 1417-1432)
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Permanent Resource Identifier: Open link
FSC Resource Identifier: Open link
Collections: FSC Research Portal
Abstract

This study identifies new wood-based products with considerable potential and attractive markets, including textiles, liquid biofuels, platform chemicals, plastics, and packaging. We apply a mixed-methods review to examine how the position of the forest industry in a given value chain determines the respective production value. An assessment is provided as to the degree to which these emerging wood-based products could compensate for the foreseen decline of graphic paper markets in four major forest industry countries: USA, Canada, Sweden, and Finland. A 1%�2% market share in selected global markets implies a potential increase in revenues of 18�75 billion euros per annum in the four selected countries by 2030. This corresponds to 10%�43% of the production value of forest industries in 2016 and compares with a projected decline of graphic paper industry revenue of 5.5 billion euros by 2030. The respective impacts on wood use are manifold, as many of the new products utilize by-products as feedstock. The increase in primary wood use, which is almost entirely attributed to construction and to some extent textiles markets, would be in the range of 15�133 million m3, corresponding to 2%�21% of the current industrial roundwood use in the selected countries.

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Sustainability dimension(s): 1. Economic
Subtopics: Demand
Subject Keywords:
Regions: (not yet curated)
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Tenure Management: (not yet curated)
Evidence Category: FSC relevant studies
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