Wood Products Market Report 2026

The wood products market size has grown strongly in recent years. It will grow from $888.84 billion in 2025 to $945.28 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth in residential construction, rising furniture consumption, availability of manufactured wood boards, expansion of commercial building projects, increasing urbanization trends.

The wood products market size is expected to see strong growth in the next few years. It will grow to $1.24 trillion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to growing focus on eco-friendly interior solutions, increasing adoption of engineered wood in construction, expansion of e-commerce furniture sales, rising demand for modular interiors, advancements in wood composite manufacturing. Major trends in the forecast period include increasing demand for sustainable furniture products, rising adoption of engineered wood materials, growing preference for custom and modular wood designs, expansion of online wood product distribution, enhanced focus on certified and traceable wood sourcing.

The rising global construction and infrastructure activities are expected to drive the growth of the wood products market in the coming years. Construction and infrastructure encompass the processes and physical components involved in building, developing, and maintaining essential facilities and systems, such as buildings, roads, bridges, and utilities, that support communities and societies. The growing demand is fueled by the versatility, sustainability, and cost-effectiveness of wood as a construction material. Wood is used in various applications, including framing, flooring, decking, and interior finishes, across both residential and commercial projects. For example, in July 2023, according to the Australian Bureau of Statistics, an Australian government agency, the number of dwellings under construction in the March quarter of 2023 increased by 1.3%, reaching 240,813 units, surpassing the previous record of 240,065 units in the March 2022 quarter. Therefore, the rise in global construction and infrastructure activities is supporting the growth of the wood products market.

Major companies in the wood products market are concentrating on developing innovative solutions, such as bio-based resins, to improve sustainability, performance, and product versatility. Bio-based resins are adhesives or binders made partially or entirely from renewable biological materials, such as plant oils or sugars, instead of petroleum-based chemicals. For example, in April 2025, Huntsman Corporation, a US-based manufacturer, introduced new bio-based I-BOND resins at LIGNA 2025, targeting the composite wood products industry. These resins, designed for particleboard and oriented strand board (OSB), contain up to 25% bio-based content while maintaining performance comparable to traditional I-BOND resins. They aim to help manufacturers reduce carbon footprint, enhance indoor air quality by avoiding added formaldehyde, and integrate smoothly into existing production processes.

In January 2025, UFP Industries Inc., a US-based manufacturing company, acquired C&L Wood Products, Inc. for an undisclosed amount. Through this acquisition, UFP Industries aims to broaden its product portfolio and reinforce its presence in the North American wood products market. C&L Wood Products, Inc. is a US-based manufacturer specializing in high-quality hardwood and softwood products for residential, commercial, and industrial applications.

Major companies operating in the wood products market are Weyerhaeuser Company, West Fraser Timber Co Ltd, Canfor, Celulosa Arauco y Constitución, Interfor, Syktyvkar Plywood Mill LTD, Boise Cascade Company, Georgia-Pacific Corporation, Andersen Corporation, Century Plyboards India Ltd, Greenply Industries Ltd, Oji Group, EGGER (UK) Limited, Stora Enso Oyj, UPM-Kymmene Oyj, Resolute Forest Products, PotlatchDeltic Corporation, HNI Corporation, Herman Miller, Segezha Group, Conifex Timber Inc, Holmen Timber, James Jones and Sons Limited, Bergs Timber AB.

Asia-Pacific was the largest region in the wood products market in 2025. North America was the second largest region in the wood products market. The regions covered in the wood products market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wood products market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The wood products market consists of sales of solid-wood products, pulp and paper products, plywood, timbers, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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