Lumber fell to 535 USD/1000 board feet on September 5, 2025, down 1.11% from the previous day. Over the past month, Lumber's price has fallen 20.15%, but it is still 9.51% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber - values, historical data, forecasts and news - updated on September of 2025.

The price of lumber in the United States fluctuated widely over the last five years, from a low of 240 dollars per 1,000 board feet in January 2016 to a peak of over 1,500 dollars in April 2021. This overall increase has not been linear though, with, for example, lumber prices falling by around 50 percent between June and September 2018, and again between August and October 2020. The value fell again by around 75 percent between May and August 2021. As of the end of December 2024, the price of lumber stood at 550.5 U.S. dollars per thousand board feet. Which nations are at the forefront of lumber production? The production of lumber is dependent on the availability of forest resources, market demand, and technological advances. Sustainable forest management practices a continuous supply of timber, while economic factors and construction activity drive demand. Among the countries countries with the largest production of lumber were China and the United States. Other countries with a relatively high lumber production rate were Russia, China, and Brazil.

The price of lumber has seen both an overall increase, and large amounts of volatility since 2019. From its low in early April 2020 to its peak in May 2021, the price per 1,000 board feet of lumber increased almost sevenfold, reaching ***** U.S. dollars. Yet, after reaching this peak the price then fell to below *** U.S. dollars per 1,000 board feet in August 2021 before rising again to reach over 1,000 U.S. dollars in the beginning of 2022. Since then, the price per 1,000 board feet of lumber decreased overall, reaching *** U.S. dollars as of January 29, 2025.

According to Cognitive Market Research, the global Lumber market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The sustainable products category is the fastest growing segment of the Lumber industry

Market Dynamics of Lumber Market

Key Drivers for Lumber Market

Increased infrastructure development fuels lumber consumption and market growth to Boost Market Growth

The key drivers that dominate the growth of the lumber market due to increased infrastructure development include rising urbanization, population growth, and an expanding construction sector. As countries invest heavily in infrastructure projects such as roads, bridges, and residential and commercial buildings, there is a growing demand for Lumber as a primary building material. Additionally, the increasing focus on sustainable and eco-friendly construction practices has led to a preference for wood-based products, driving up lumber consumption. Government initiatives and policies aimed at enhancing urban development and improving infrastructure further stimulate the demand for Lumber. Moreover, the growing trend of wood's aesthetic and environmental benefits in interior design and construction projects contributes to market growth. The continuous development of new technologies in lumber processing and efficient supply chain management also boosts the availability of quality lumber, enhancing its consumption in the market. These factors collectively fuel the global lumber market growth.

Rising home construction projects drive lumber demand and prices

Rising home construction projects are a key driver of increased lumber demand and prices. The expansion of residential construction, fueled by population growth, urbanization, and low interest rates, boosts the need for Lumber. As more people seek homeownership and housing inventory remains limited, the demand for building materials, particularly Lumber, intensifies. Supply chain disruptions, limited mill capacity, and labor shortages further exacerbate the supply-demand imbalance, contributing to price hikes. Additionally, increasing government investment in infrastructure and housing projects, along with the shift toward sustainable building practices, is expected to continue driving demand for Lumber in the coming years.

Restraint Factor for the Lumber Market

Unpredictable timber costs affect pricing and profitability

Unpredictable timber costs pose significant restraints in the timber industry, directly influencing pricing and profitability. Fluctuations in raw material costs, driven by factors like supply chain disruptions, environmental regulations, and demand shifts, make it difficult for businesses to forecast expenses. This uncertainty can lead to pricing instability, forcing companies to either absorb higher costs or pass them onto consumers, which impacts competitiveness. Additionally, profitability is threatened as businesses struggle to maintain margins amidst rising or volatile timber prices. Long-term planning and financial stability are hindered, limiting growth opportunities and operational efficiency.

Trend Factor for the Lumber Market

Sustainable forestry and eco-certified lumber are gaining momentum

The lumber market is undergoing a significant transformation towards sustainability, characterized by an increasing demand for eco-certified and responsibly sourced wood products. Stakeholders including consumers, builders, and governments are emphas...

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Lumber (WPU081) from Jan 1926 to Jul 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

The annual price growth rate of hardwood lumber in the United States fluctuated significantly between 1970 and 2024. During that time, the highest increase was observed in 2021 when hardwood lumber prices increased by **** percent. The producer prices for hardwood lumber fell by ** percent in 1975.

The provided information includes: the year of the Republic of China, the queried month, the report code, the report type, the tree species code, the tree species name, the specification, the average price in January, the difference from last year's average price in January, the price increase or decrease notes in January, the average price in February, the difference from last year's average price in February, the price increase or decrease notes in February, the average price in March, the difference from last year's average price in March, the price increase or decrease notes in March, the average price in April, the difference from last year's average price in April, the price increase or decrease notes in April, the average price in May, the difference from last year's average price in May, the price increase or decrease notes in May, the average price in June, the difference from last year's average price in June, the price increase or decrease notes in June, the average price in July, the difference from last year's average price in July, the price increase or decrease notes in July, the average price in August, the difference from last year's average price in August, the price increase or decrease notes in August, the average price in September, the difference from last year's average price in September, the price increase or decrease notes in September, the average price in October, the difference from last year's average price in October, the price increase or decrease notes in October, the average price in November, the difference from last year's average price in November, the price increase or decrease notes in November, the average price in December, the difference from last year's average price in December, the price increase or decrease notes in December, the average price from the beginning of the year to the current month, the average price in the same period last year, the percentage change, and the price increase or decrease notes.

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Reclaimed Lumber Market Size 2024-2028

The reclaimed lumber market size is forecast to increase by USD 8.2 mn at a CAGR of 3% between 2023 and 2028.

The market is experiencing significant growth due to increasing residential and commercial construction activities in North America. This trend is driven by the rising demand for sustainable and eco-friendly building materials. Additionally, the high wages in manufacturing hubs have led to an increase In the production and availability of reclaimed lumber. However, the market faces challenges such as the volatility in raw material prices and the availability of low-cost alternatives. Producers must navigate these factors to maintain profitability and meet the growing demand for reclaimed lumber. Overall, the market is expected to continue its growth trajectory, driven by the increasing focus on sustainability and the availability of ample supply from various sources.

What will be the Size of the Reclaimed Lumber Market during the Forecast Period?

Request Free SampleThe market experiences robust growth driven by the increasing demand for sustainable and eco-friendly construction materials. Reclaimed lumber, sourced from deconstructed buildings, infrastructure modernization projects, and FDI inflows, offers unique aesthetic appeal and authenticity, making it a popular choice for green homes, residential and commercial construction, flooring, furniture, and custom furniture. The market's size is significant, with applications spanning various sectors, including paneling and siding, cross-laminated timber (CLT), and wood-based construction. Environmental awareness and recycling initiatives fuel market expansion. Reclaimed lumber's use in sustainable construction practices, such as energy conservation, seismic performance, and landfill reduction, contribute to its popularity.Product innovation In the sector, including the development of new manufacturing techniques and treatments, further boosts demand. The trend toward sustainable building materials and eco-friendly practices continues to gain momentum, positioning reclaimed lumber as a preferred choice for construction activities.

How is this Reclaimed Lumber Industry segmented and which is the largest segment?

The reclaimed lumber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userCommercialResidentialIndustrialGeographyEuropeGermanyUKNorth AmericaCanadaUSAPACChinaMiddle East and AfricaSouth America

By End-user Insights

The commercial segment is estimated to witness significant growth during the forecast period. Reclaimed lumber, sourced from deconstruction activities and waste management, holds substantial demand in developed countries for commercial applications. Composite reclaimed lumber is popularly utilized in developing countries due to its cost-effectiveness and versatility. The expansion of commercial building construction activities, driven by the growing service sector in countries like India, fuels the demand for reclaimed lumber. IT, telecommunications, and BPO industries' growth in cities such as Bengaluru and Delhi necessitates increased investments in commercial real estate, primarily in office and retail spaces and the hospitality sector. Wooden reclaimed lumber, including oak wood, longleaf, mountain pine, and steel, is used extensively for paneling, beams, and boards, contributing to sustainable building materials and eco-friendly practices.The adoption of green construction principles, LEED certification, and seismic performance requirements further boosts the market's growth. Wood-based construction materials, such as cross-laminated timber (CLT), offer energy conservation benefits and reduce environmental pollution and landfill reduction. DIY projects, artisanal crafts, antique furniture, and custom-manufactured furniture also utilize reclaimed lumber for its aesthetic appeal and authenticity.

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The Commercial segment was valued at USD 30.40 mn in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is poised for growth due to several factors. These include the rising emphasis on recycling, the superior structural properties of reclaimed lumber, and the increasing demand from industries such as construction, furniture manufacturing, and green building initiatives. Additionally, the need to address waste management issue

Lumber wholesalers distribute a wide range of lumber, plywood, millwork and wood panel products to contractors, home improvement stores, hardware stores and other miscellaneous buyers, like government agencies, businesses for end use, consumers and farms. The industry has faced severe volatility through most of the current period as a result of the pandemic, massive supply chain disruptions and surging interest rates. In particular, higher rates offset growth realized at the start of the pandemic from torrid housing starts and home improvement markets, leading to five-year declines in the industry. Overall, revenue has faltered at an expected CAGR of 1.1% to $150.7 billion through the current period, despite a 1.3% jump in 2025, where profit reached 4.3%. Supply chain disruptions have also had an outsized impact on the industry's performance. In particular, major lumber shortages caused prices to skyrocket more than 36.0% in 2021. Wholesalers faced shrinking inventories and heightened demand from housing markets, with demand overwhelming availability. Companies were able to heavily raise prices, reaping 14.0% growth in the year. As prices ebbed and construction markets cooled, revenue dropped significantly, erasing gains from the start of the current period. In general, the cyclical nature of construction markets contributes to major boom-or-bust cycles. Lumber wholesalers will continue to contend with uncertainty through the outlook period. While interest rate cuts in 2024 and 2025 point toward healthier construction markets in the near future, tariffs may likely create economic uncertainty. Additionally, trade policies may introduce new supply chain complexities, raising lumber prices and potentially encouraging contractors to adopt alternative materials in home building. Additionally, companies will start to prioritize cost-saving technology and systems, like robotics and inventory management systems, improving connectivity with buyers and suppliers while reducing labor reliance. Wholesalers will also need to effectively manage inventories, ensuring products meet sustainability standards to attract and retain buyers. Overall, revenue will rebound at an expected CAGR of 2.0% to $166.7 billion through the outlook period, where profit will reach 4.4%.

Non-seasonal prices paid for softwood lumber in the United States have remained relatively stable since 2023, after reaching a peak in March 2022. While the price of softwood lumber in May 2021 was valued at over 581 index points, that figure dropped to 274 in September of that year. The price of softwood veneer and plywood in the United States has also followed a similar trend.

American lumber prices have decreased threefold, closing in on pre-COVID levels, which should drive global prices down. The change in lumber prices is largely influenced by slumping demand for real estate which became more expensive from diminished access. In Russia, the world’s largest supplier, a sharp increase in lumber exports led to a shortage in the domestic market. Attempting to hold the price growth instigated by that, the Russian government implemented 10% export duties on lumber until the end of 2021. Due to this, the main importers of Russian goods may opt for other suppliers.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber (WPU0811) from Jan 1947 to Jun 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

Lumber Market Outlook 2032

The global lumber market size was USD 337.8 Billion in 2023 and is projected to reach USD 425.4 Billion by 2032, expanding at a CAGR of 3.3% during 2024–2032. The market growth is attributed to the growing infrastructure investments across the globe.



Rising infrastructure investments is a significant driver of the lumber market. Governments and private entities across the globe are making substantial investments in infrastructure development. This includes the construction of public facilities, commercial spaces, and residential complexes. Such development activities lead to a high demand for lumber, given its versatility and strength-to-weight ratio. Additionally, advancements in engineered wood products have further increased the use of lumber in structural applications, driving the lumber market.

Impact of Artificial Intelligence (AI) in Lumber Market

Artificial Intelligence has a significant impact on lumber market, by enhancing efficiency, accuracy, and productivity. The integration of AI in lumber operations has led to the development of smart sawmills that utilize machine learning algorithms to optimize the cutting of logs, thereby reducing waste and increasing yield. AI-powered drones and satellite imagery are now used for forest management, enabling precise inventory tracking and health assessment of trees.



AI has revolutionized supply chain management in the lumber industry, facilitating real-time tracking, predictive analytics for demand forecasting, and automated decision-making processes. This has resulted in reduced operational costs, improved customer service, and increased profitability. Furthermore, AI-driven predictive maintenance systems have been instrumental in minimizing equipment downtime, thus boosting overall productivity. The advent of AI has undeniably reshaped the lumber market, driving sustainability and growth.

Lumber Market Dynamics

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Graph and download economic data for Housing Inventory: Price Increased Count Month-Over-Month in Wood County, OH (PRIINCCOUMM39173) from Jul 2017 to Jul 2025 about Wood County, OH; Toledo; OH; price; and USA.

The global cedar wood market exhibits robust growth, driven by increasing demand in construction, landscaping, and furniture manufacturing. The market size in 2025 is estimated at $2.5 billion, projecting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This positive trajectory is fueled by several key factors. The inherent durability, aesthetic appeal, and natural resistance to decay make cedar wood a preferred material for various applications. The rising popularity of sustainable and eco-friendly building materials further boosts market growth, as cedar wood is a renewable resource. Furthermore, increasing disposable incomes, especially in developing economies, are driving demand for high-quality furniture and construction projects, significantly impacting cedar wood consumption. However, challenges remain. Fluctuations in raw material prices, increasing competition from alternative materials, and concerns regarding sustainable forestry practices pose potential restraints on market expansion. Despite these challenges, the market is expected to witness significant growth across various segments. The construction sector remains the largest consumer of cedar wood, followed by the furniture and landscaping industries. North America currently holds the largest market share due to abundant cedar wood resources and established manufacturing capabilities. However, growing demand from Asia-Pacific and Europe is anticipated to drive regional expansion in the coming years. Leading players like Idaho Cedar Sales, Tennessee Cedar Products, and Weyerhaeuser are leveraging innovation in processing and product diversification to maintain their competitive edge and cater to the evolving needs of the market. Strategic partnerships and investments in sustainable forestry practices are likely to shape the industry's future.

The global solid wood lumber market is experiencing robust growth, driven by a resurgence in construction activity worldwide and increasing demand for sustainable building materials. The market size in 2025 is estimated at $250 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033. This growth is fueled by several key factors including the ongoing expansion of the housing sector, particularly in developing economies, and a growing preference for wood in commercial construction projects due to its aesthetic appeal and environmental benefits. Furthermore, the increasing use of wood in furniture manufacturing and interior decoration contributes significantly to the market's expansion. The softwood lumber segment currently dominates the market, driven by its widespread use in construction, but the hardwood lumber segment is projected to witness faster growth due to its use in higher-value applications like furniture and flooring. However, challenges remain, including fluctuations in lumber prices due to timber availability and global economic conditions. Moreover, increasing concerns about deforestation and sustainable forestry practices are putting pressure on the industry to adopt more responsible sourcing and manufacturing methods. Regional variations in market growth are anticipated, with North America and Asia Pacific expected to lead the growth trajectory, propelled by strong construction sectors and increasing disposable incomes. However, Europe, while a significant market, may experience comparatively slower growth due to mature markets and stricter environmental regulations. Key players in the market include large integrated forest product companies like West Fraser, Canfor, Weyerhaeuser, and Stora Enso, along with several regional players. These companies are actively investing in innovative technologies and sustainable forestry practices to remain competitive and meet the evolving demands of the market. Competitive dynamics are characterized by both price competition and differentiation based on product quality, sustainability certifications, and service offerings. The market will likely witness consolidation in the coming years as larger companies acquire smaller ones to gain market share and achieve economies of scale.

Timber prices in the United Kingdom fell slightly in 2024, after those prices decreased significantly in 2023. The price index of imported sawn or planed wood grew by ***** percent between 2020 and 2022, while the cost of imported plywood rose by ** percent during that period.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

CME lumber futures

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

Snapshot img

The lumber pallet market share is expected to increase by 1561.97 million units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.03%.

This lumber pallet market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lumber pallet market segmentation by end-user (food and beverage, chemicals and pharmaceuticals, retail, construction, and others) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The lumber pallet market report also offers information on several market vendors, including Brambles Ltd., Coxco Inc., Faber Group B.V, FALKENHAHN AG, Greif Inc., John Rock Inc, Kamps Pallets Inc., Leap India Food and Logistics, Millwood Inc., Nefab AB, Pacific Pallets PVT. Ltd, Palcon LLC, PalletOne Inc., PECO Pallet, PGS Group, Rowlinson Packaging Ltd., Shur-way Group Inc., UFP Industries Inc., United Pallet Services Inc., and Yellow Pallet B.V., among others.

What will the Lumber Pallet Market Size be During the Forecast Period?

Download Report Sample to Unlock the Lumber Pallet Market Size for the Forecast Period and Other Important Statistics

Lumber Pallet Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The rise in containerization is notably driving the lumber pallet market growth, although factors such as fluctuating lumber prices and shortage of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the lumber pallet industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Lumber Pallet Market Driver

The rise in containerization is one of the major drivers impacting the lumber pallet market growth. The growth in containerization is increasing the use of lumber pallets because shipping containers have smooth, level surfaces that permit the quick movement of pallets of different sizes using forklifts. The use of lumber pallets makes it easier to move heavy stacks in containers. Before being moved to containers, the individual items are stacked on a lumber pallet to create a unit load. This can be moved easily and loaded onto containers using a pallet jack, forklift, crane, or any other material handling equipment. Therefore, the growth in containerization is expected to lead to a higher demand for lumber pallets during the forecast period.

Key Lumber Pallet Market Trend

The emergence of pallet pooling is one of the major trends influencing the lumber pallet market growth. The emergence of pallet pooling services has enabled end-users to rent pallets at nominal rates for their entire supply chains, thus eliminating the need to buy crates. Renting a pallet from a shared pool offers substantial savings and significant returns on investments to end-users. Also, the reverse supply chain for end-users is handled by the pallet pooling companies. For instance, the pallet pooling companies deliver the pallet in the quantities ordered by end-users and deal with those pallets once they reach the end of the supply chain. Some pallet vendors, such as LEAP India, Brambles, Northwest, and others, also provide pallets on a rental basis. For instance, LEAP India offers pallets for rent to end-users in the e-commerce, automotive, dairy, beverages, pharmaceuticals, and other industries. There is a significant rise in the leasing or renting of pallets by end-users. This, in turn, is likely to increase the trend of lumber pallet pooling during the forecast period.

Key Lumber Pallet Market Challenge

Fluctuating lumber prices and shortage of raw materials are one of the major challenges impeding the lumber pallet market growth. Volatility in the prices of lumber is mainly attributed to a reduction in the availability of wood and lumber in many countries, such as Nigeria, Pakistan, Colombia, and Brazil, as a result of widespread deforestation and the decline in the number of new tree plantations. The increasing capacity expansion in lumber processing plants across India, the UK, and Canada, without taking into consideration the need for the sustainable procurement of raw materials, is increasing the disparities between the demand for and supply of lumber. Owing to such factors, end-users, such as pallet manufacturers, are expected to experience a shortage of timber. As a result of the shortage of timber in the market, pallet manufacturers will find it difficult to complete their orders. Thus, the shortage of lumber and wood products is expected to slow down the growth of the global lumber pallet market during the forecast period.

This lumber pallet mark