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November 28, 2022

Global demand for timber could grow fourfold by 2050

The World Bank forecasts that global timber demand will quadruple by 2050, driven by economic and population growth. Gresham House , the London-based specialist alternative asset manager, has a lower estimate but is still forecasting that global timber consumption will surge by 170% over the next 30 years, driven by urbanisation, decarbonisation and housing demand. It forecasts timber consumption will increase by 3.1% a year over the next 30 years up to 2050, up from 1.1% a year during the past 20 years.  The vast majority of global commercial timber supply is sourced from temperate forests ...

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