The North American wood products market is forecasted to reach $243.9 billion in 2026, witnessing growth at a CAGR of 6.75%, over the period 2022-2026. The factors such as growing population, escalating new residential construction, high availability of forest reserves, surging demand for wooden furniture in offices, and rising inclination of the population towards home repair and remodeling would drive the growth of the market. However, the growth would be challenged by price fluctuations in North American softwood lumber and the rising availability of alternatives for wood products. A ...
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