Logging in the US - Market Research Report (2014-2029)

The logging industry has seen dwindling revenue in the last five years, spurred by changes in core downstream sectors such as non-durable goods manufacturing and shifts in construction activity. The industry was hit hard by the COVID-19 pandemic as the demand for paper products dropped with the onset of remote working. However, the surge in demand for pulp products like sanitary supplies and an upswing in residential construction activity drove demand for softwood lumber, helping to stabilize the industry revenue midway through the current five-year period. Despite this, industry revenue has dropped at a CAGR of 3.2% to $13.9 billion through the end of 2024. Industry profit has also dwindled due to an increase in wage-related expenses.