Softwood Lumber Market Size, Share, By Type (Redwood, Spruce, Cedar, Pine, Douglas fir, Larch, and Others), By Treatment Type (Untreated Softwood, Pressure-Treated Lumber, and Other Treatment Types), By Application (Manufacturing, Construction, Packaging

Softwood Lumber Market Size, Share, By Type (Redwood, Spruce, Cedar, Pine, Douglas fir, Larch, and Others), By Treatment Type (Untreated Softwood, Pressure-Treated Lumber, and Other Treatment Types), By Application (Manufacturing, Construction, Packaging and Pallets, and Others), and By Region - Trends, Analysis, and Forecast till 2034

Softwood Lumber market is poised for growth driven by strong demand from the construction industry and a shift towards sustainable building materials. However, stakeholders must navigate challenges such as price volatility and durability issues to capitalize on emerging opportunities. Further, the target market is characterized by its cyclical nature influenced by various factors such housing trends as well as global trade dynamics and also environmental policies.

Softwood Lumber Market Report Highlights:

• In 2023, the softwood lumber market size was worth USD 198.6 million.
• By 2034, the target market is expected to grow to USD 775.2 million.
• Target market is expanding at a CAGR of 6.5%.
• North America held the largest share of the market in 2024.
• Asia-Pacific is projected to be the fastest-growing market in the coming years.
• By type, the pine segment accounted for the largest share of the softwood lumber market in 2024.
• Based on treatment type, the untreated softwood segment is expected to lead the market during the forecast period.
• By application, the construction segment dominated the market globally in 2024.

Softwood Lumber Market Key Highlights:

• In September 2024, Vermont - iDRY, a company based in Vermont that has been producing vacuum kilns for the purpose of drying specialized wood products, has created a new kiln system that is easily mounted on a shipping container or other comparable structure. This system offers an affordable and convenient way to dry any kind of lumber, whether it is softwood or hardwood.
• In September 2024, in order to fix mistakes made by a minister in the computation of West Fraser Mills Ltd.'s anti-dumping rate, the U.S. Department of Commerce revised the notice of final results for its fifth administrative review of the anti-dumping duty order on softwood timber products from Canada. The rate for "all others" decreased by 0.14% as a result of this as well. The final anti-dumping cash deposit rate will be replaced by this modification.

Softwood Lumber Market Report Analysis:

Acquisition:

• For instance, in July 2023, Weston Forest, a leading distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, announced it has acquired Kings Wood Products of Paris, ON. This acquisition represents Weston’s sixth in the last decade and their second since the company was purchased by the Watermill Group in 2021. According to President of Kings Wood Products, “This new partnership with Weston Forest is the right direction for the company’s business. Weston has been a trusted supplier of the company for a very long time, and this move provides the continuity for the organization’s people and also for the customers”.

Browse ∼50 market data tables and ∼45 figures through ∼189 slides and in-depth TOC on “Softwood Lumber Market Size, Share, By Type (Redwood, Spruce, Cedar, Pine, Douglas fir, Larch, and Others), Treatment Type (Untreated Softwood, Pressure-Treated Lumber, and Other Treatment Types), Application (Manufacturing, Construction, Packaging and Pallets, and Others), and Region - Trends, Analysis, and Forecast till 2034”

Softwood Lumber Market Competitive Landscape:

The key players operating in the market include McRae Lumber Company Ltd., Resolute Forest Products Inc., Binderholz GmbH, Canfor Corporation, West Fraser Timber Co. Ltd., Interfor Corporation, Weyerhaeuser Company, Georgia-Pacific LLC, Sierra Pacific Industries, Tolko Industries Ltd., Rayonier Advanced Materials, Western Forest Products Inc., Stora Enso Oyj, Arauco, UPM-Kymmene Corporation, EACOM Timber Corporation, Hampton Affiliates, and PotlatchDeltic Corporation.