Softwood Market

Q: How much is the Softwood Market?

USD 145.16 Billion is the Softwood Market in 2024 Read More

Q: Which Form segment led the Softwood Market?

The Lumber segment dominated the market in 2024. Read More

ID: MRFR/PNT/19129-CR

111 Pages

Snehal Singh

July 2025

Softwood Market Research Report Information by Type (Cedar, Douglas Fir, Pine, Spruce, Redwood, Others), by Form (Plywood, Timber, Lumber, Veneer), by Resistance Capacity (Moisture Resistant, Fire Resistant, Termite Resistant, Chemical Resistant), by End-Use (Walls, Roofs, Underlayment, Fencing, Furniture, Others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Forecast till 2035

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Summary Table of Contents Segmentation Infographic

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Softwood Market Summary

As per Market Research Future Analysis, the global softwood market was valued at USD 145.16 Billion in 2024 and is projected to reach USD 222.92 Billion by 2035, growing at a CAGR of 4.1% from 2025 to 2035. The growth is driven by rapid economic and urbanization growth, particularly in Western and Asian regions, alongside increasing adoption of softwood products in the packaging industry. However, challenges such as lack of forest management and unexpected weather conditions persist. The market is also witnessing a rising demand for sustainable wood products.

Key Market Trends & Highlights

Key trends influencing the softwood market include economic growth and sustainability.

Rapid economic and urbanization growth in Western and Asia regions is driving demand for softwood, particularly in construction.
Softwood accounts for approximately 80% of wood used in the manufacturing and packaging sector, highlighting its dominance.
The lumber segment dominated the softwood market in 2024 and is expected to continue its growth during the forecast period.
The moisture-resistant segment is projected to grow significantly, driven by the natural properties of cedar and redwood.

Softwood Market

CAGR

4.1%

Market Size & Forecast

2024 Market Size	USD 145.16 Billion
2035 Market Size	USD 222.92 Billion
CAGR (2025-2035)	4.1%

Major Players

Key players in the softwood market include Weyerhaeuser, Georgia-Pacific, Sierra Pacific Industries, Interfor Corporation, Canfor Corporation, West Fraser Timber, Tolko Industries, UPM, Kronospan, and Metsa Group.

Softwood Market Drivers

Rising Construction Activities

The Global Softwood Market Industry experiences a notable boost due to the increasing construction activities worldwide. As urbanization accelerates, particularly in developing regions, the demand for softwood in residential and commercial construction rises. In 2024, the market is valued at approximately 145.2 USD Billion, reflecting the essential role of softwood in building materials. Softwood is favored for its lightweight and strength, making it ideal for framing, flooring, and roofing. This trend is expected to continue, with projections indicating a market growth to 222.9 USD Billion by 2035, suggesting a robust compound annual growth rate of 3.98% from 2025 to 2035.

Market Segment Insights

Softwood

Based on Type, this segment includes Cedar, Douglas Fir, Pine, Spruce, Redwood, Others. The Pine segment dominated the global market in 2024, while the Redwood segment is projected to be the fastest–growing segment during the forecast period. A pine is any conifer tree or shrub in the genus pinus of the family Pinaceae. Pines are commonly found in the Northern Hemisphere and to a few parts from the tropics to temperate regions in the Southern Hemisphere.

Most regions of the Northern Hemisphere host some native species of pine. Pine may also refer to the lumber derived from pine trees; it is one of the more extensively used types of lumber. Pine wood is perhaps the most used and known wood. It is due to several factors including its abundance, ease of work, and versatility and its cost. Delving into the world of Pine Wood, we encounter different types such as Eastern White Pine, Ponderosa Pine, and Southern Yellow Pine. Each type possesses unique characteristics, catering to diverse preferences.

FIGURE 2: SOFTWOOD MARKET SHARE BY TYPE 2024 AND 2035 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Softwood

Based on Form, this segment includes Plywood, Timber, Lumber, Veneer. The Lumber segment dominated the global market in 2024, while the Veneer segment is projected to be the fastest–growing segment during the forecast period. Lumber is used to describe processed wood products used for furniture making, home construction and the like. Lumber typically refers collectively to wood that’s been processed for use as a building material—wood that has been milled and cut into boards or planks.

This cutting happens in a lumbermill, and the finished product is sold at a lumberyard. Lumber is processed into uniform and useful sizes (dimensional lumber), including beams and planks or boards. Lumber is mainly used for construction framing, as well as finishing (floors, wall panels, window frames). Lumber has many uses beyond home building. Lumber may be supplied either rough-sawn or surfaced on one or more of its faces. Rough lumber is the raw material for furniture-making, and manufacture of other items requiring cutting and shaping.

It is available in many softwood species such as white pine and red pine, because of their low cost.

Softwood

Based on Resistance Capacity, this segment includes Moisture Resistant, Fire Resistant, Termite Resistant, Chemical Resistant. The Moisture Resistant segment dominated the global market in 2024, while the Fire-Resistant segment is projected to be the fastest–growing segment during the forecast period. Softwood, in general, is not naturally resistant to moisture. They are susceptible to absorbing water, which can lead to swelling, warping, rotting, and other problems.

However, there are some variations in moisture resistance between different softwood species and treatments that can improve their performance in humid environments. Softwoods generally have an equilibrium moisture content (EMC) of about 12% at a standard indoor climate with a temperature of 208°C and a relative humidity of 65%. The EMC of wood used outdoors is typically around 12–18%. The tensile strength of wood is greatest when the moisture content is between 6–12%.

Softwood

Based on End-Use, this segment includes Walls, Roofs, Underlayment, Fencing, Furniture, Others. The Furniture segment dominated the global market in 2024, while the Fencing segment is projected to be the fastest–growing segment during the forecast period. Western red cedar is the most common type of cedar used in furniture. It's naturally resistant to roots and insects, making it a good choice for outdoor furniture, decks, and saunas. It has a warm reddish-brown color and a distinctive cedar scent.

Eastern white cedar is similar to western red cedar, but lighter in color and not as durable. It's often used for lining drawers and closets due to its moth-repellent properties. Yellow cedar is more yellow in color than other cedars, and less commonly used in furniture due to its limited availability and higher cost. Douglas fir is the most commercially important fir species.

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Regional Insights

Based on the Region, the global Softwood are segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. The North America dominated the global market in 2024, while the Middle East & Africa is projected to be the fastest–growing segment during the forecast period. Major demand factors driving the North America market are the rapid economic and urbanization growth in western and Asia region is driving the softwood market and increasing adoption of softwood products in packaging industry is driving the market.

The North America softwood market comparing the US and Canada primary contributors, hold sustainable significance within the global lumber industry. Its vitality stems from its close ties to residential construction, where softwood lumber finds extensive use.

Fluctuations in housing starts, renovation projects and broader economic condition profoundly influence demand. Moreover, the intricate web of international trade relationships, particularly the historically significant US-Canda lumber trade, shapes market dynamics. Trade dispute and tariff negotiation between these two nations can significantly impact the flow of softwood lumber across borders, adding another level of complexity. Supply side factor, including forest management practices., timber harvest levels, and regulatory frameworks, further influence market trends, Technological advancements and innovation in forestry techniques and lumber processing play a crucial role in enhancing efficiency and competitiveness within the market.

FIGURE 3: SOFTWOOD MARKET VALUE BY REGION 2024 AND 2035 (USD BILLION)

SOFTWOOD MARKET VALUE BY REGION 2024 AND 2035

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the countries considered in the scope of the Application Tracking System Market are the US, Canada, Mexico, Germany, France, UK, Italy, China, India, Japan, South Africa, Saudi Arabia, UAE, Brazil, Argentina and others.

Key Players and Competitive Insights

Many global, regional, and local vendors characterize the Softwood Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major competitors in the market are Weyerhaeuser, Georgia-Pacific, Sierra Pacific Industries, Interfor Corporation, Canfor Corporation, West Fraser Timber, Tolko Industries, UPM, Kronospan, Metsä Group are among others. The Softwood Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Softwood Market market include

Industry Developments

September 2023: Canfor Corporation announced that it will be investing approximately $200 million to build a new state-of-the-art manufacturing facility in Houston, British Columbia. This low cost, high efficiency facility will have an annual production capacity of approximately 350 million board feet.

October 2023: West Fraser, one of the largest timber producers in North America, announced it is growing its Newberry County sawmill operations with its third expansion in 10 years. The $17.7 million investment will create 30 new jobs.

August 2021: Interfor Corporation announced this week plans to expand its sawmill operations in Summerville. The forest product producing company plans to invest $30 million to increase production capacity. Interfor plans to increase production capacity to "meet growing demand for its products, improve manufacturing productivity and enhance its product mix."

February 2020: Sierra Pacific Windows announced that the company has reached an agreement to acquire the assets of Merrill, Wisconsin-based Semco Windows and Doors. Sierra Pacific, which already has operations in Merrill, acquired Semco’s 275,000 square foot, main manufacturing facility, along with all production equipment. The added space and equipment will allow Sierra Pacific to expand its production capacity to keep up with the growing nationwide demand for its wood and vinyl products.

Softwood Market Segmentation

Softwood by Type Outlook

Cedar
Douglas Fir
Pine
Spruce
Redwood
Others

Softwood by Form Outlook

Plywood
Timber
Lumber
Veneer

Softwood by Resistance Capacity Outlook

Moisture Resistant
Fire Resistant
Termite Resistant
Chemical Resistant

Softwood by End-Use Outlook

Walls
Roofs
Underlayment
Fencing
Furniture
Others

Softwood Regional Outlook

North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
South America
- Brazil
- Argentina
- Rest of South America

Future Outlook

Softwood Market Future Outlook

The Global Softwood Market is projected to grow at 3.98% CAGR from 2024 to 2035, driven by sustainable building practices, increased demand in construction, and technological advancements in processing.

New opportunities lie in:

Invest in advanced wood treatment technologies to enhance durability and market appeal.
Develop eco-friendly softwood products to cater to environmentally conscious consumers.
Expand distribution networks in emerging markets to capitalize on rising construction activities.

By 2035, the Global Softwood Market is expected to achieve robust growth, reflecting evolving industry dynamics.

Market Segmentation

Regional Outlook

US
Canada
Mexico

Softwood by Form Outlook

Plywood
Timber
Lumber
Veneer

Softwood by Type Outlook

Cedar
Douglas Fir
Pine
Spruce
Redwood
Others

Softwood Regional Outlook

US
Canada
Mexico

Softwood by End-Use Outlook

Walls
Roofs
Underlayment
Fencing
Furniture
Others

Softwood by Resistance Capacity Outlook

Moisture Resistant
Fire Resistant
Termite Resistant
Chemical Resistant

Report Scope

Report Attribute/Metric	Details
Market Size 2024	USD 145.16 Billion
Market Size 2025	USD 151.13 Billion
Market Size 2035	USD 222.92 Billion
Compound Annual Growth Rate (CAGR)	4.1% (2025-2035)
Base Year	2024
Forecast Period	2025-2035
Historical Data	2019-2023
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type, By Form, By Resistance Capacity, By End-Use
Geographies Covered	North America, Europe, Asia Pacific, South America, Middle East & Africa
Countries Covered	The US, Canada, Mexico, Germany, France, UK, Italy, China, India, Japan, South Africa, Saudi Arabia, UAE, Brazil, Argentina
Key Companies Profiled	Weyerhaeuser, Georgia-Pacific, Sierra Pacific Industries, Interfor Corporation, Canfor Corporation, West Fraser Timber, Tolko Industries, UPM, Kronospan, Metsä Group
Key Market Opportunities	· Increasing demand for sustainable wood products presents an opportunity for businesses
Key Market Dynamics	· Rapid economic and urbanization growth in western and Asia region is driving the softwood market · Increasing adoption of softwood products in the packaging industry is driving the market

Market Highlights

Softwood Companies

Author

Snehal Singh

Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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FAQs

How much is the Softwood Market?

USD 145.16 Billion is the Softwood Market in 2024

Which Type holds the largest market share?

The Pine segment by Type holds the largest market share and grows at a CAGR of 3.2 % during the forecast period.

Which region holds the largest market share in the Softwood Market?

North America holds the largest market share in the Softwood Market.

Who are the prominent players in the Softwood Market?

Weyerhaeuser, Georgia-Pacific, Sierra Pacific Industries, Interfor Corporation, Canfor Corporation, West Fraser Timber, Tolko Industries, UPM, Kronospan, Metsä Group are prominent players in the Softwood Market.

Which Form segment led the Softwood Market?

The Lumber segment dominated the market in 2024.

Softwood Market Research Report – Forecast Till 2035 Infographic

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