Softwood Market is predicted to reach USD 1,85,387.9 Million at a CAGR of 4.1% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Softwood Market”.

The softwood market is estimated to register a CAGR of 4.1% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global softwood market— Weyerhaeuser, Georgia-Pacific, Sierra Pacific Industries, Interfor Corporation, Canfor Corporation, West Fraser Timber, Tolko Industries, UPM, Kronospan, Metsa Group.

Softwood Market Highlights

The global softwood market is accounted to register a CAGR of 4.1% during the forecast period and is estimated to reach USD 1,85,387.9 Million by 2030.

The softwood market is witnessing a notable shift as consumers increasingly demand customized and personalised wood products crafted to meet their specific needs and preferences. This trend underscores a growing consumer desire for unique, tailored solutions in the realm of wood-based goods. In an era where individuality resign supreme, buyers seek more than just standard offerings, they crave products that reflect their distinct taste and lifestyle. This shift is fuelled by various factors, including the rise of bespoken interior design trend, the growing popularity of do-it-yourself (DIY) projects, and a heightened awareness of sustainability issues. The lack of effective forest management practice, coupled with the increasingly unpredictable and extreme weather conditions brought about by climate change, has posed significant challenges to the growth of the softwood market. Softwood, derived from coniferous tress such as pine, spruce, and fir, several as a crucial resource for various industries including construction, furniture manufacturing and paper production However, the neglect of sustainable forest management practices has resulted in a myriad of issues that hinder the supply and quality of softwood products.

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Segment Analysis

The global softwood market has been segmented type, form, end use, and resistant capacity.

Based on type, the global softwood market segmentation includes cedar, douglas fir, pine, spruce, redwood, others. The pine segment held the majority softwood market share in 2022 and is expected to grow at a significant growth rate. Pines are among the most commercially important tree species valued for their timber and wood pulp throughout the world. In temperate and tropical regions, they are fast-growing softwoods that grow in relatively dense stands, their acidic decaying needles inhibiting the sprouting of competing hardwoods. Commercial pines are grown in plantations for timber that is denser and therefore more durable than spruce (Picea). Pine wood is widely used in high-value carpentry items such as furniture, window frames, paneling, floors, and roofing, and the resin of some species is an important source of turpentine.

Based on form, the global softwood market segmentation includes plywood, timber, lumber, veneer. Lumber segment dominated the market in 2022 and is expected to continue dominating the softwood market during the forecast period 2023-2030. 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. Finished lumber is supplied in standard sizes, mostly for the construction industry – primarily softwood, from coniferous species, including pine, fir, and spruce (collectively spruce-pine-fir), cedar, and hemlock. It is more commonly made from softwood than hardwoods, and 80% of lumber comes from softwood.

Based on end use, the softwood market segmentation includes walls, roofs, underlayment, fencing, furniture, others. The furniture segment dominated the softwood market in 2022. Ponderosa pine is one of the most common types of pine used in furniture. It's soft, lightweight, and easy to work with, making it a good choice for affordable furniture. However, it's not as durable as some other woods and can be prone to dents and scratches. Coastal redwood is a giant tree species that produces some of the most durable and rot-resistant wood available. It's naturally beautiful, with a reddish-brown color and a fine grain. However, its large size and slow growth rate make it expensive and environmentally sensitive.

Based on resistant capacity, the Softwood market segmentation includes moisture-resistant, fire resistant, termite resistant, chemical resistant. The moisture-resistant segment dominated the softwood market in 2022. Softwoods, in general, are 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. Cedar is a naturally moisture-resistant softwood due to the presence of oils and resins in its heartwood. It is commonly used for outdoor applications like decks, siding, and shingles. Redwood is another naturally moisture-resistant softwood with good dimensional stability. It is often used for outdoor furniture, decks, and siding.

Regional Analysis

The global softwood market, based on region, has been divided into the North America, Europe, Asia-Pacific, Middle East and Africa and South America. North America consists of US, Canada, and Mexico. The Softwood market in Asia-Pacific has been segmented into China, India, Japan, and the rest of Asia-Pacific. The Europe Softwood market comprises of Germany, France, UK, Italy, and the rest of Europe. The Middle East and Africa Softwood market comprises of Saudi Arabia, South Africa, UAE and Rest of Middle East and Africa. The South America Softwood market comprises of Brazil, Argentina, and Rest of South America.

The North America softwood market held the largest market share in 2022 and it is expected to grow at a significant CAGR during the forecast period. Technological advancements and innovation in forestry techniques and lumber processing play a crucial role in enhancing efficiency and competitiveness within the market. Additionally, the evolving discourse around climate change necessitates considerations of its potential impacts on forest health, timber yield, and the distribution of softwood species, further adding to the multifaceted nature of the North American softwood market. Navigating these diverse factors requires a comprehensive understanding for stakeholders to thrive in this dynamic industry.

The Asia Pacific softwood market held the second largest market share in 2022 and it is estimated to grow at an adequate CAGR during the forecast period. The Asia-Pacific region is expected to see sustainable growth in the softwood lumber market. This is due to the region's rapid growth in construction and furniture manufacturing, which increases product consumption. The rapid economic growth of China has made the Asia Pacific region a growing priority for timberland investors in recent years.  Both Australia and New Zealand are significant producers of softwood timber, largely radiata pine. With over 100 years of experience in establishing and managing softwood plantations, the region has a solid track record of silviculture, genetics, and technical capacity.

The Europe softwood market held the third largest market share in 2022 and it is expected to grow at a significant CAGR during the forecast period. The European softwood market encompasses a wide range of countries with varying degrees of forest resources, industrial capacity, and market demand. About 38% of European softwood lumber exports are from sawmills in the Nordic countries, down from a peak of 45% in 2016. In 2022, the total volume from the sub-region reached increased 5% from the previous year. The Nordic countries produced a record-high amount of softwood lumber in 2021.

The South America softwood market held significant market share in 2022. The growing home population in South America is driving the market for the softwood industry. Furthermore, as the middle class is expanding there is an increase in demand for furniture products, which is further helping in the growth of the softwood market in the region. Moreover, trend and development in the global softwood market, such as change in supply chain and demand dynamics, technology advance and trade policy are helping the market for softwood industry in South America.

The Middle East and Africa softwood market held a significant market share in 2022 is estimated to grow at a highest CAGR during the forecast period. The Middle East and Africa play significant roles in the global softwood market. In the Middle East region in 2021, Saudi Arabia exported $1.62 million worth of coniferous softwood lumber that is less than 6 millimeters thick. In South Africa, pine is the most common softwood species, while wattle and eucalyptus are the common hardwood species. With growing awareness of environmental issues and issues and sustainable forestry practices, there is shift towards using softwood products. This trend has increased the demand for responsibly sourced softwood products in the region.

Key Findings of the Study

• Based on end use, the furniture industry held the largest market share in 2022 and underlayment segment held the second largest market share in 2022.


• The global softwood market is expected to reach USD 1,85,387.9 Million by 2030, at a CAGR of 4.1% during the forecast period.


• Based on type, the pine segment held the largest market share in 2022 and spruce segment held the second largest market share in 2022.


• The North America region held the largest market share due to technological advancements and innovation in forestry techniques and lumber processing.


• Based on resistant capacity, the moisture resistant segment was attributed to holding the largest market in 2022, and termite resistant segment held the second largest market share.


• The key players operating in the softwood market are Weyerhaeuser, Georgia-Pacific, Sierra Pacific Industries, Interfor Corporation, Canfor Corporation, West Fraser Timber, Tolko Industries, UPM, Kronospan, Metsa Group.


• Based on form, the lumber segment held the largest market share in 2022 and plywood segment held the second largest market share in 2022.