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Global Softwood Lumber Market Size, Share, Forecast: By Type: Pine, Cedar, Fir, Treated Lumber, Redwood, Others; By End Use: Manufacturing, Packaging, Construction, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Softwood Lumber Market Outlook
The global softwood lumber market size reached approximately USD 56.32 billion in 2023. The market is further projected to grow at a CAGR of 5.0% between 2024 and 2032, reaching a value of USD 87.12 billion by 2032.
Key Trends in the Market
Softwood lumber refers to wood obtained from gymnosperm trees including spruces and pines, among others. This wood finds applications in commercial and residential construction sectors owing to its flexible and pliable nature. The different types of softwood lumber include cedar, treated lumber, pine, redwood, and fir, among others.
- The expansion of the residential sector due to rapid urbanisation and increasing population is aiding the softwood lumber market growth. The presence of low interest rates, favourable government policies, and disposable incomes are further bolstering the housing requirement, resulting in an increased product demand.
- The rising adoption of sustainable and eco-friendly products and construction materials in the construction, packaging, and manufacturing sectors due to increasing environmental consciousness is supporting the market expansion. Softwood lumber is a comparatively sustainable option and takes less time to grow, making it easier to replenish.
- The rising investments by the key players of the market towards optimisation of the softwood lumber manufacturing processes to increase their cost effectiveness and efficiency is providing lucrative growth opportunities to the market.
Global Softwood Lumber Market Analysis
On the basis of type, the market is divided into pine, cedar, fir, treated lumber, and redwood, among others. Based on end use, the market is classified into manufacturing, packaging, and construction, among others.
On the basis of region, the softwood lumber market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Georgia-Pacific LLC
- West Fraser Timber Co. Ltd.
- US LBM Holdings, LLC
- Canfor Corporation
- Tolko Industries Ltd.
- Weyerhaeuser Co.
- Interfor Corporation
- McRae Lumber Company Ltd.
- Resolute Forest Products Inc.
- Binderholz GmbH
- Others
Market Share by End Use
Construction sector is expected to account for a significant softwood lumber market share. This growth can be attributed to the utilisation of the softwood lumbar in fencing and decking, among others, owing to its natural resistance to rot and moisture. Due to its durable and sturdy nature, softwood lumber is used in roof structures and inner walls. The high-water resistance, durability, and resistance to shock loads offered by cedar is propelling its utilisation in the construction of floors.
Market Share by Region
The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the expansion of the construction sector in the region owing to increasing population and urbanisation. The durability, strength, and natural beauty provided by the product is bolstering the softwood lumber market demand in the Asia Pacific.
On the other hand, the strong presence of various key market players including West Fraser Timber Co. Ltd., US LBM Holdings, LLC, and Georgia-Pacific LLC, among others in North America is expected to support the market expansion in the region.
Competitive Landscape
Georgia-Pacific LLC, headquartered in Georgia, United States, is one of the leading distributors and manufacturers of paper towel dispensers, building products, pulp, tissues, and paper, among others. The company is also involved in the operation of one of the largest recycling businesses around the globe.
West Fraser Timber Co. Ltd., headquartered in Vancouver, Canada, is a paper and forest product manufacturing company specialising in biomaterials, furniture, bioproducts, sustainable forestry, bioenergy, plywood, and softwood lumber, among others.
US LBM Holdings, LLC, headquartered in Illinois, United States, is one of the leading distributors of building materials. Their comprehensive product portfolio comprises of softwood lumber, door, windows, cabinetry, and roofing, among others.
Other softwood lumber market key players include Canfor Corporation, Tolko Industries Ltd., Weyerhaeuser Co., Interfor Corporation, McRae Lumber Company Ltd., Resolute Forest Products Inc., and Binderholz GmbH, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Softwood Lumber Market Analysis
8.1 Key Industry Highlights
8.2 Global Softwood Lumber Historical Market (2018-2023)
8.3 Global Softwood Lumber Market Forecast (2024-2032)
8.4 Global Softwood Lumber Market by Type
8.4.1 Pine
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cedar
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Fir
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Treated Lumber
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Redwood
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Softwood Lumber Market by End Use
8.5.1 Manufacturing
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Packaging
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Construction
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Softwood Lumber Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Softwood Lumber Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Softwood Lumber Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Softwood Lumber Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Softwood Lumber Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Softwood Lumber Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Georgia-Pacific LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 West Fraser Timber Co. Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 US LBM Holdings, LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Canfor Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Tolko Industries Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Weyerhaeuser Co.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Interfor Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 McRae Lumber Company Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Resolute Forest Products Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Binderholz GmbH
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Softwood Lumber Market: Key Industry Highlights, 2018 and 2032
2. Global Softwood Lumber Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Softwood Lumber Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Softwood Lumber Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Softwood Lumber Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Softwood Lumber Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Softwood Lumber Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Softwood Lumber Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Softwood Lumber Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Softwood Lumber Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Softwood Lumber Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Softwood Lumber Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Softwood Lumber Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Softwood Lumber Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Softwood Lumber Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Softwood Lumber Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Softwood Lumber Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Softwood Lumber Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 56.32 billion in 2023.
The market is projected to grow at a CAGR of 5.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 87.12 billion by 2032.
The major market drivers include expansion of the residential sector and increased product utilisation for construction of furniture owing to its durability, strength, and natural beauty.
The key trends fuelling the growth of the market include rising adoption of sustainable and eco-friendly products and construction materials and increasing investments by the key players of the market towards optimisation of manufacturing processes.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of softwood lumber include manufacturing, packaging, and construction, among others.
The key players in the market are Georgia-Pacific LLC, West Fraser Timber Co. Ltd., US LBM Holdings, LLC, Canfor Corporation, Tolko Industries Ltd., Weyerhaeuser Co., Interfor Corporation, McRae Lumber Company Ltd., Resolute Forest Products Inc., and Binderholz GmbH, among others.
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