Market Forecast By Material (Pine, Timber, Spruce Scrap, Douglas Fir, Others), By Flakes (Fine Cut, Small, Medium, Large), By Animal (Cattle, Horse, Poultry, Others), By Price (Low, Medium, High), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC353312 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Bangladesh Wood Shaving Market |
Forecast period | 2025-2031 |
CAGR | 4.3% |
Growing Sector | Agriculture |
The Bangladesh Wood Shaving Market Report thoroughly covers the market by material, flakes, animal, price, and distribution channel. The Bangladesh Wood Shaving Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Wood Shaving Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Wood Shaving Market is expected to witness significant growth during the forecast period. This growth can be attributed to the rising demand for animal bedding, particularly in the poultry and dairy industry. Additionally, the growing awareness about using sustainable materials and eco-friendly products has also fueled the demand for wood shavings.
According to 6Wresearch, the Bangladesh Wood Shaving Market size is projected to rise at a CAGR of 4.3% during 2025-2031. One of the major drivers for the growth of this market is the increasing government initiatives towards promoting the use of wood shavings in various industries. Another factor contributing to the growth of the wood shaving market in Bangladesh is the rising demand for meat and dairy products. As the country's population continues to grow, there is a high demand for animal products, leading to the expansion of the poultry and dairy industry.
However, despite these drivers, some challenges may hinder the growth of the market. One of them being the availability and cost of raw materials. As the demand for wood shavings increases, there may be a shortage of raw materials, which can drive up the prices and affect the profitability of manufacturers.
One of the key players in this market is 'Bengal Shavings and Driers Ltd.', which is one of the largest manufacturers and exporters of wood shavings in Bangladesh. They have a wide range of products including pine wood shavings, rubberwood shavings, and eucalyptus wood shavings. Other notable players in the market include 'Green Wood Shavings', 'Bangla wood Industries Limited', and 'S.K. Shaving Mills'. These players have a major role to play in the Bangladesh Wood Shaving Market growth.
The government of Bangladesh has taken several initiatives to promote the growth of the wood shaving industry. In 2019, they announced a tax exemption for raw materials used in manufacturing wood shavings. This has encouraged more players to enter the market and has also led to an increase in production capacity. Furthermore, the government has also implemented strict regulations to ensure sustainable sourcing of wood and proper disposal of waste materials.
The future of the Bangladesh wood shaving market is positive, with a growing demand for eco-friendly products and increasing use of wood shavings in various industries. The market is also expected to witness a rise in investments and collaborations between domestic and international players, leading to technological advancements and improved product quality.
Currently, the Bangladesh wood shaving market is experiencing significant growth in the use of pine as a material. Pine is a popular choice due to its durability and cost-effectiveness compared to other materials.
According to Sachin, Senior Research Analyst, 6Wresearch, online sales have shown remarkable growth in recent years. With the widespread use of internet and technology, consumers have shifted towards online purchasing of wood shavings due to its convenience, availability, and competitive pricing.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Wood Shaving Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Wood Shaving Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Wood Shaving Market - Industry Life Cycle |
3.4 Bangladesh Wood Shaving Market - Porter's Five Forces |
3.5 Bangladesh Wood Shaving Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Bangladesh Wood Shaving Market Revenues & Volume Share, By Flakes, 2021 & 2031F |
3.7 Bangladesh Wood Shaving Market Revenues & Volume Share, By Animal, 2021 & 2031F |
3.8 Bangladesh Wood Shaving Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.9 Bangladesh Wood Shaving Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Bangladesh Wood Shaving Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Wood Shaving Market Trends |
6 Bangladesh Wood Shaving Market, By Types |
6.1 Bangladesh Wood Shaving Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Wood Shaving Market Revenues & Volume, By Material, 2021 - 2031F |
6.1.3 Bangladesh Wood Shaving Market Revenues & Volume, By Pine, 2021 - 2031F |
6.1.4 Bangladesh Wood Shaving Market Revenues & Volume, By Timber, 2021 - 2031F |
6.1.5 Bangladesh Wood Shaving Market Revenues & Volume, By Spruce Scrap, 2021 - 2031F |
6.1.6 Bangladesh Wood Shaving Market Revenues & Volume, By Douglas Fir, 2021 - 2031F |
6.1.7 Bangladesh Wood Shaving Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Bangladesh Wood Shaving Market, By Flakes |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Wood Shaving Market Revenues & Volume, By Fine Cut, 2021 - 2031F |
6.2.3 Bangladesh Wood Shaving Market Revenues & Volume, By Small, 2021 - 2031F |
6.2.4 Bangladesh Wood Shaving Market Revenues & Volume, By Medium, 2021 - 2031F |
6.2.5 Bangladesh Wood Shaving Market Revenues & Volume, By Large, 2021 - 2031F |
6.3 Bangladesh Wood Shaving Market, By Animal |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Wood Shaving Market Revenues & Volume, By Cattle, 2021 - 2031F |
6.3.3 Bangladesh Wood Shaving Market Revenues & Volume, By Horse, 2021 - 2031F |
6.3.4 Bangladesh Wood Shaving Market Revenues & Volume, By Poultry, 2021 - 2031F |
6.3.5 Bangladesh Wood Shaving Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Bangladesh Wood Shaving Market, By Price |
6.4.1 Overview and Analysis |
6.4.2 Bangladesh Wood Shaving Market Revenues & Volume, By Low, 2021 - 2031F |
6.4.3 Bangladesh Wood Shaving Market Revenues & Volume, By Medium, 2021 - 2031F |
6.4.4 Bangladesh Wood Shaving Market Revenues & Volume, By High, 2021 - 2031F |
6.5 Bangladesh Wood Shaving Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Bangladesh Wood Shaving Market Revenues & Volume, By Online, 2021 - 2031F |
6.5.3 Bangladesh Wood Shaving Market Revenues & Volume, By Offline, 2021 - 2031F |
7 Bangladesh Wood Shaving Market Import-Export Trade Statistics |
7.1 Bangladesh Wood Shaving Market Export to Major Countries |
7.2 Bangladesh Wood Shaving Market Imports from Major Countries |
8 Bangladesh Wood Shaving Market Key Performance Indicators |
9 Bangladesh Wood Shaving Market - Opportunity Assessment |
9.1 Bangladesh Wood Shaving Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Bangladesh Wood Shaving Market Opportunity Assessment, By Flakes, 2021 & 2031F |
9.3 Bangladesh Wood Shaving Market Opportunity Assessment, By Animal, 2021 & 2031F |
9.4 Bangladesh Wood Shaving Market Opportunity Assessment, By Price, 2021 & 2031F |
9.5 Bangladesh Wood Shaving Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Bangladesh Wood Shaving Market - Competitive Landscape |
10.1 Bangladesh Wood Shaving Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Wood Shaving Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |