Lumber, monthly production, shipments and stocks by species; data in thousands of cubic metres.

Over the past five years, the industry has experienced moderate growth, driven largely by a surge in residential construction activity during the early pandemic years. Elevated lumber prices, spurred by supply chain disruptions and a housing boom, helped lift industry revenue and profitability in 2020 and 2021. However, this momentum was disrupted as inflationary pressures and rising interest rates cooled the housing market and caused demand for lumber to drop. Profit, which expanded during the peak of price spikes, began to level off as mills operated below capacity and faced reduced pricing power. Still, investments in automation and efficiency allowed many operators to preserve profitability even as market volatility intensified. The industry also contended with shifting trade dynamics and global economic uncertainty. Ongoing trade disputes with Canada and reduced exports to key markets like China and Mexico contributed to weaker external demand. At the same time, domestic supply chains improved, and inventory buildup from prior overproduction softened raw material costs. While facility closures and consolidation helped restore a better supply-demand balance, overall growth remained modest. Industry revenue rose at a CAGR of 3.2% over the past five years, reaching $53.2 billion in 2025, including a 0.3% growth in 2025 alone. Looking ahead, the industry is expected to grow more slowly as it adjusts to structural shifts in housing demand and evolving building practices. While lower interest rates could help stabilize residential construction, long-term affordability challenges are likely to dampen recovery. However, emerging opportunities such as cross-laminated timber in mid-rise buildings and the repurposing of wood waste for energy and industrial inputs may help diversify revenue streams. Consolidation, paired with modest technological innovation and workforce expansion, will support operational resilience. Over the next five years, industry revenue is projected to grow at a slower CAGR of 1.8%, reaching $58.1 billion by 2030.

The Northern Bleached Softwood Kraft (NBSK) pulp market, valued at $9,142 million in 2025, is projected to experience robust growth, driven by increasing demand from the packaging and hygiene sectors. The 5.1% CAGR from 2025 to 2033 indicates a significant expansion, fueled by the rising global population, escalating consumer spending, and the preference for sustainable packaging solutions. Key drivers include the growing demand for lightweight, high-strength packaging materials in e-commerce and food & beverage industries, coupled with the inherent sustainability of NBSK pulp compared to other alternatives. While challenges such as fluctuating raw material prices and environmental regulations exist, technological advancements in pulp production, aimed at increasing efficiency and reducing environmental impact, are mitigating these restraints. The market is segmented by geographic regions (North America, Europe, Asia-Pacific, etc.), with North America and Europe currently holding significant market share due to established pulp production facilities and strong consumer demand. Major players like West Fraser, Mercer International, Canfor Pulp, and others are strategically investing in capacity expansion and technological upgrades to maintain their competitive edge. The forecast period (2025-2033) suggests continued market expansion, shaped by ongoing demand for sustainable and high-quality pulp products. The competitive landscape is characterized by a mix of large multinational corporations and regional players. The intensity of competition is moderate, with companies focusing on differentiation through product quality, sustainability initiatives, and efficient supply chain management. Innovation in pulp production technologies, including improvements in bleaching processes and increased utilization of recycled fibers, plays a critical role in maintaining profitability and market share. Furthermore, strategic collaborations and mergers & acquisitions are expected to shape the market dynamics during the forecast period. The increasing focus on reducing the environmental impact of pulp production, coupled with government regulations promoting sustainable forestry practices, is expected to drive further innovation and investment within the industry. The long-term outlook for the NBSK pulp market remains positive, with sustained growth driven by consistent demand across various end-use industries.

This table contains 30 series, with data for years 1961 - 2001 (not all combinations necessarily have data for all years), and was last released on 2001-10-29. This table contains data described by the following dimensions (Not all combinations are available): Geography (8 items: Atlantic Region; Ontario; Quebec; Prairie Region ...), Commodities (9 items: Lumber; softwood; Lumber; softwood; Douglas fir; Lumber; softwood; spruce-pine-fir; Lumber; softwood; hemlock ...).

The global Bleached Chemi-Thermomechanical Pulp (BCTMP) market, valued at $2970 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 2.9% from 2025 to 2033. This growth is driven by the increasing demand for high-quality printing and writing papers, tissue products, and specialty papers. The rising global population and expanding middle class, particularly in developing economies, fuel the demand for paper-based products, further bolstering BCTMP market expansion. Growth in the packaging sector, particularly for sustainable and recyclable packaging solutions, also contributes significantly to the market's positive trajectory. Key application segments include paperboard, coated and uncoated papers, tissue & towel, and specialty papers. Within these segments, hardwood BCTMP holds a significant share due to its superior fiber properties and cost-effectiveness. However, the market faces certain restraints, such as increasing costs of raw materials (wood pulp) and fluctuating energy prices. Furthermore, the growing adoption of digital alternatives and stricter environmental regulations pose challenges to sustained growth. Despite these challenges, the BCTMP market is expected to benefit from advancements in pulp production technology, leading to enhanced efficiency and reduced environmental impact. Major players in the BCTMP market, including Metsä Fibre, West Fraser, Paper Excellence Canada, and others, are continuously investing in research and development to improve product quality and expand their production capacity. Geographic expansion, especially in regions with growing paper consumption like Asia-Pacific, will further contribute to market growth. The market's segmentation by type (hardwood BCTMP, softwood BCTMP, others) and application allows for a tailored approach to meet specific industry needs, driving further specialization and innovation within the sector. North America and Europe currently hold significant market shares, but Asia-Pacific is anticipated to witness the fastest growth in the coming years.

The global bleached chemi-thermo mechanical pulp (BCTMP) market is experiencing robust growth, projected to reach a value of $11.32 billion in 2025, expanding at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2033. This growth is driven by several factors. Increased demand from the packaging industry, fueled by the e-commerce boom and the growing preference for sustainable packaging solutions, is a primary driver. Simultaneously, the printing and publishing sectors, while facing some challenges, continue to contribute significantly to BCTMP consumption. The rising demand for high-quality printing papers, particularly in specialized applications like magazines and high-end brochures, supports this segment. Further bolstering the market is the expanding use of BCTMP in consumer goods and healthcare applications, driven by the need for durable, recyclable, and hygienic materials. While fluctuating raw material prices and potential environmental regulations pose some restraints, the overall market outlook remains positive, indicating sustained growth potential throughout the forecast period. The segmentation of the BCTMP market reveals a dynamic landscape. Hardwood BCTMP holds a significant share, appreciated for its strength and specific properties, particularly in packaging applications. Softwood BCTMP finds preference in applications requiring superior brightness and printability, mainly impacting printing and publishing. Geographically, North America and Europe currently dominate the market, though rapid economic development and increasing industrialization in Asia-Pacific are anticipated to drive substantial growth in these regions over the forecast period. Key players in the BCTMP market are continuously innovating to enhance product quality, improve sustainability practices, and cater to the evolving needs of diverse end-use sectors. This competitive landscape, combined with the robust market drivers, makes BCTMP a promising sector for investment and growth.

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Plywood Market Size 2025-2029

The plywood market size is forecast to increase by USD 16.89 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing growth, driven primarily by the wave of residential and commercial construction activities in various regions. This trend is underpinned by an uptick in infrastructure development and urbanization, particularly in emerging economies. However, this growth is not without challenges. One significant issue is the rising wages in key manufacturing hubs, which is increasing production costs for plywood manufacturers. Another challenge is the persistent concerns over moisture and humidity, which can negatively impact the quality and durability of plywood products.
To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on implementing cost-effective manufacturing strategies and investing in research and development to address moisture and humidity concerns, particularly in the production of wooden furniture. Moisture control is critical to maintaining product quality, durability, and customer satisfaction in wooden furniture manufacturing. By staying abreast of these market dynamics and adapting to the evolving landscape, including changing consumer preferences, environmental factors, and material innovations, businesses can position themselves for long-term success in the market.

What will be the Size of the Plywood Market during the forecast period?

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The market in the United States continues to experience strong growth, driven by increasing demand for efficient manufacturing processes, fire-rated plywood, and engineered wood solutions such as cross-laminated timber (CLT). Customer preferences for high-quality plywood varieties, including birch, pine, cedar, maple, oak, and bamboo, fuel expansion in the market. LEED certification and green building initiatives further boost demand for moisture-resistant, high-performance plywood and composite panels. Product development in the sector focuses on meeting safety standards and building codes, resulting in innovations like glulam beams and advanced quality control measures.
Wholesale distribution and online sales channels have expanded, catering to a diverse target audience in the construction industry. MDF and composite panels also contribute to the market's sizeable revenue, with retail sales remaining a significant segment. Overall, the market is poised for continued growth, driven by design innovation, supply chain optimization, and the increasing popularity of modular construction.

How is this Plywood Industry segmented?

The plywood industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Hardwood
  Softwood


Sector

  New construction
  Replacement


End-user

  Residential
  Commercial


Geography

  APAC

    Australia
    China
    India
    Japan
    South Korea


  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa



  South America

By Type Insights

The hardwood segment is estimated to witness significant growth during the forecast period. Plywood, a versatile wood product, is essential in various industries, including commercial construction and furniture manufacturing. In plywood manufacturing, a Plywood Mill produces sheets through a process of gluing veneers of different wood types, resulting in high-strength and stability. The plywood supply chain ensures the availability of various types, such as underlayment, structural, exterior, and sanded plywood, catering to diverse applications. Plywood thickness, pricing, and certifications, like fire retardant and moisture resistance, significantly impact the market. Architects and interior designers utilize plywood for wall cladding, furniture, and interior design due to its adaptability in CNC machining, laser cutting, and plywood fabrication.

Industrial construction relies on plywood panels for sheathing and insulation. Sustainability is a growing trend, with a focus on sustainable forestry, recycling, and reducing carbon footprint. Formaldehyde emissions and levels are crucial considerations for plywood production and finishing. Plywood repair and installation are essential aspects of the market, ensuring durability and longevity. Plywood is used extensively in residential and industrial construction, with applications ranging from sheathing and wall cladding to marine and furniture manufacturing. The market's demand is influenced by factors like plywood's moisture resistance, fire resistance, and formality levels. Plywood trends include water-resistant, fire retardant, and formaldehyde-free options.

Plywood is a vital component in various

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Tall Oil Rosin Market Size 2025-2029

The tall oil rosin market size is forecast to increase by USD 120.3 million, at a CAGR of 3.3% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for bio-based solvents, lubricants, and surfactants in various industries. This trend is fueled by the global shift towards sustainable and eco-friendly solutions, making tall oil rosin an attractive alternative to petroleum-based products. However, market dynamics are not without challenges. The market faces a demand-supply imbalance for softwood timber and wood products, which can impact the availability and pricing of tall oil rosin. Additionally, the market is witnessing an escalating number of mergers and acquisitions and collaborative partnerships, intensifying competition and potentially altering the competitive landscape.
Companies seeking to capitalize on market opportunities must navigate these challenges effectively, focusing on innovation, strategic partnerships, and supply chain optimization to maintain a competitive edge.

What will be the Size of the Tall Oil Rosin Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is characterized by its continuous evolution, driven by the ongoing unfolding of market dynamics and the integration of various sectors. This dynamic market encompasses a range of applications, from adhesives and sealants in construction and manufacturing to bio-based food and pharmaceuticals. Wood resin, derived from sustainable forestry, plays a pivotal role in this landscape. Its use extends to bio-based composites, chemicals, and green chemistry, contributing to sustainable manufacturing and the circular economy. The forest products industry, with its focus on renewable resources and environmental sustainability, is a key player in this market. Bio-based innovations, such as bio-based polymers and textiles, are gaining traction as alternatives to traditional materials.

Green technologies, including carbon footprint reduction and life cycle analysis, are increasingly important considerations. Naval stores and pine oil are also finding new applications in this evolving market. The bio-based industry's commitment to sustainable sourcing and forest certification, with chain of custody and product stewardship, is shaping the market's future. This commitment extends to bio-based agriculture, transportation, and packaging, as well as paints and coatings. The integration of bio-based materials into various sectors is a reflection of the market's ongoing evolution. From forestry to manufacturing, the potential for bio-based solutions is vast, with emerging technologies and innovations continually pushing the boundaries.

The market's focus on environmental impact assessment and sustainable forest management ensures a future that is both responsible and forward-thinking.

How is this Tall Oil Rosin Industry segmented?

The tall oil rosin industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Adhesives
  Printing ink
  Rubber
  Others


End-user

  Metalworking
  Building and construction
  Chemical industry
  Electronics and electricals
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

.

By Application Insights

The adhesives segment is estimated to witness significant growth during the forecast period.

The market is driven by the increasing demand for sustainable and bio-based solutions in various industries. In the adhesives and sealants sector, tall oil rosin esters offer superior tack, a crucial property for pressure-sensitive adhesives, surpassing terpenes and hydrocarbon resins. This advantageous characteristic is instrumental in the adhesives segment's dominance in the market. Sustainable manufacturing and bio-based construction are other significant areas where tall oil rosin finds extensive application. Forest certification and chain of custody are essential considerations in these industries, ensuring the use of renewable resources and sustainable sourcing. Bio-based food, cosmetics, and pharmaceuticals also utilize tall oil rosin derivatives, contributing to the market's growth.

The emergence of green technologies in the forest products industry, such as sustainable forest management and green chemistry, further propels the market forward. Bio-based polymers, packaging, transportation, and energy are other sectors witnessing a shift towards renewable resources, creating op