Laminated Veneer Lumber Market Report 2025 (Global Edition)

Global Laminated Veneer Lumber Market Report 2025 Market Size Split by Application Outlook: (Headers, Beams, Rim Board, Truck Bed Decking, Others), by End-User Outlook: (Residential, Commercial, Indus...

Laminated Veneer Lumber Market Report Description

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Impact of Tariff Trumph on Agriculture Industry

In 2025, global agricultural trade is under major strain following President Trump’s Liberation Day Tariffs, which introduced steep duties to correct trade imbalances. Tariffs now range from 10% on imports from allies like Japan to as high as 46% on Vietnamese goods and 34% on Chinese agricultural products, with a blanket 25% on agri-machinery, fertilizers, and processed foods. This has significantly raised input costs for U.S. farmers and triggered retaliatory tariffs from key partners like China, the EU, and Brazil. China’s countermeasures up to 120% on U.S. exports like soybeans, pork, and dairy—have already slashed Q1 soybean exports by 19.7%. Canada and others have also tightened import rules, compounding uncertainty.

Key agriculture sectors are struggling. Row crop farmers face slumping export prices and higher input costs, leading many to explore alternative crops and new markets in South Asia and Africa. Dairy and pork producers are dealing with oversupply and weak demand, especially from China and the EU. Fruit and vegetable growers are hit by increased spoilage and packaging costs, while food processors are seeing a 10–14% rise in unit costs due to equipment and material tariffs. Logistics firms, meanwhile, are grappling with slower exports and rising warehousing needs, pushing them to revamp inland routes and distribution strategies.

China, while not the largest exporter of agricultural goods to the U.S., is a key supplier of specific inputs like agrochemicals, additives, seafood, and processed foods. Many of these goods are also routed through intermediaries in Asia, so tariffs aimed at China disrupt broader global supply chains. U.S. agribusinesses are seeing input costs rise by up to 22%, complicating seasonal planning and tightening margins. While some are turning to alternate sourcing from India, Latin America, or Southeast Asia, challenges like logistics and compliance slow the transition.

To adapt, agribusinesses are increasingly relying on market research. It helps identify lower-risk suppliers, monitor input costs, optimize fragmented supply chains, and understand shifting consumer behaviors. Firms are also tracking regulatory changes and running scenario planning models to anticipate disruptions. Major companies are responding by reshoring supply chains, investing in local operations, and realigning exports toward tariff-exempt markets. The most resilient players are those using real-time data and strategic foresight to reconfigure operations and maintain competitiveness amid ongoing trade volatility.

Laminated Veneer Lumber Market Insights Video

Competitive Landscape of the Laminated Veneer Lumber Market

In the Laminated Veneer Lumber market's competitive landscape, numerous key competitors are driving innovation and growth. Market rivalry is encouraging technological and design innovations to create Laminated Veneer Lumbers that fulfil both consumers' wants and sustainability goals, keeping the market dynamic and competitive.

In January 2024, Boise Cascade disclosed new investments in Alabama and Louisiana to facilitate its engineered wood products (EWP) expansion strategy. This encompasses the conversion of a plywood layup line to a parallel laminated veneer line at the Chapman plywood facility and the addition of I-joist production capabilities at the Thorsby EWP mill. The Oakdale facility in Louisiana will undergo upgrades to the log utilisation centre, veneer dryers, and press. These initiatives are comprised of Boise Cascade's anticipated $250 million to $270 million capital expenditures for 2024, which are intended to stabilise its market position in EWP. (Source: https://www.bc.com/company-to-invest-additional-140mm-to-support-ewp-growth-strategy/) In November 2023, Raute Corporation has been awarded a €93 million contract by Metsä Wood to provide technology for a new Kerto® LVL mill in Äänekoski, Finland. This order represents Raute's most significant to date and encompasses sophisticated automated R7-Series technologies for veneer peeling and LVL pressing. Metsä Wood's Kerto LVL capacity will be increased by 50% with the anticipated commencement of production in late 2026. The annual production capacity of the new mill is approximately 160,000 cubic meters. The objective of this collaboration is to optimize production efficiency and guarantee a work environment that is both safe and adaptable. (Source: https://www.raute.com/investors/reports-and-publications/stock-exchange-releases/release/raute-receives-order-of-eur-93-million-to-finland-2023-11-10/) In August 2023, Metsä Wood and SRV have executed an agreement to construct a new Kerto LVL mill in Äänekoski, Finland. The project is anticipated to generate approximately 1,000 person-years of employment during construction and 150 direct jobs upon completion, with SRV serving as the primary contractor. The mill, which is scheduled to commence production in the latter half of 2026, will increase Metsä Wood's Kerto LVL capacity by 50%, resulting in an annual production of approximately 160,000 cubic meters. The objective of this cooperative project is to improve production efficiency and promote sustainable construction practices. (Source: =https://www.metsagroup.com/metsawood/news-and-publications/news/2023/metsa-wood-and-srv-have-signed-an-agreement-to-build-a-kerto-lvl-mill-in-aanekoski/)

Top Companies Market Share in Laminated Veneer Lumber Industry: (In no particular order of Rank)

• STEICO SE
• Louisiana-Pacific Corporation
• Roseburg Forest Products Co.
• UFP Industries
• Inc.
• Brisco Manufacturing Ltd.
• Huber Engineered Woods LLC
• Murphy Company
• Weyerhaeuser Company
• Boise Cascade Company
• Nelson Pine Industries Limited
• Stora Enso Oyj
• Magnus Plywood Pvt. Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Laminated Veneer Lumber Market

Which Region Dominates the Laminated Veneer Lumber Market in 2024?

According to Cognitive Market Research, North America currently dominates the Laminated Veneer lumber market, and the region is expected to have significant growth during the projected period. This is because of the growing quantity of new residential building developments, particularly in the US.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR), because this area is rapidly becoming more urbanised and technologically advanced, and industrial practices are becoming more contemporary.

The current report Scope analyzes Laminated Veneer Lumber Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Laminated Veneer Lumber Market Analysis

According to Cognitive Market Research, the global Laminated Veneer Lumber market size was estimated at USD 5621.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2248.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Laminated Veneer Lumber market with a market size of USD 1774.15 million in 2024 and is anticipated to grow at a CAGR of 1.2% during the projected period. The U.S. market's Growing demand for environmentally friendly building supplies.
• The Canada Laminated Veneer Lumber market had a market share of USD 269.83 million in 2024 and is anticipated to grow at a CAGR of 2.2% during the projected period. Canada’s Growing building activity.
• The Mexico Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 1.9% during the projected period, with a market size of USD 204.62 million in 2024.

Europe Laminated Veneer Lumber Market Analysis

According to Cognitive Market Research, the global Laminated Veneer Lumber market size was estimated at USD 5621.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1686.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.

• The United Kingdom Laminated Veneer Lumber market had a market share of USD 283.32 million in 2024 and is anticipated to grow at a CAGR of 2.5% during the projected period. In the UK, Laminated Veneer Lumber sales see an upswing due to the Technological developments in wood processing.
• The France Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 0.9% during the projected period, with a market size of USD 155.15 million in 2024.
• According to Cognitive Market Research, the German Laminated Veneer Lumber market size was valued at USD 333.92 million in 2024 and is anticipated to grow at a CAGR of 1.9% during the projected period. In Germany, Laminated Veneer Lumber surged due to Infrastructure development and urbanisation.
• The Italy Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 1.1% during the projected period, with a market size of USD 145.03 million in 2024.
• The Russia Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 0.7% during the projected period, with a market size of USD 261.40 million in 2024.
• The Spain Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 0.8% during the projected period with a market size of USD 138.29 million in 2024
• The Luxembourg Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 1.8% during the projected period, with a market size of USD 52.28 million in 2024.
• The Portugal Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 1.5% during the projected period, with a market size of USD 35.42 million in 2024.
• The Greece Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 2.0% during the projected period, with a market size of USD 20.24 million in 2024.
• The Rest of Europe's Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 0.4% during the projected period, with a market size of USD 261.40 million in 2024.

Asia Pacific Laminated Veneer Lumber Market Analysis

According to Cognitive Market Research, the global Laminated Veneer Lumber market size was estimated at USD 5621.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1292.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Laminated Veneer Lumber market size was valued at USD 581.83 million in 2024 and is anticipated to grow at a CAGR of 4.7% during the projected period. Laminated Veneer Lumber surged in China due to Increased Adoption in structural applications and rapid urbanisation.
• The Japan Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 3.7% during the projected period, with a market size of USD 178.43 million in 2024.
• The India Laminated Veneer Lumber market had a market share of USD 155.15 million in 2024 and is anticipated to grow at a CAGR of 7.0% during the projected period. India's increase in both residential and commercial building projects.
• The South Korean Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 4.3% during the projected period, with a market size of USD 129.29 million in 2024.
• The Australian Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 4.9% during the projected period, with a market size of USD 67.23 million in 2024.
• The South East Asia Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 6.2% during the projected period, with a market size of USD 89.21 million in 2024.
• The Rest of Asia Pacific Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 5.0% during the projected period, with a market size of USD 91.80 million in 2024.

South America Laminated Veneer Lumber Market Analysis

According to Cognitive Market Research, the global Laminated Veneer Lumber market size was estimated at USD 5621.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 281.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Laminated Veneer Lumber market size was valued at USD 120.30 million in 2024 and is anticipated to grow at a CAGR of 3.2% during the projected period. Laminated Veneer Lumbers flourished in Brazil due to Growing urbanization and building activity.
• Argentina's Laminated Veneer Lumber market had a market share of USD 47.22 million in 2024 and is anticipated to grow at a CAGR of 3.5% during the projected period. Argentina's growing Discretionary Money and Building Initiatives.
• Colombia Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 2.4% during the projected period, with a market size of USD 25.02 million in 2024.
• Peru Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 2.8% during the projected period, with a market size of USD 23.05 million in 2024.
• Chile Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 2.9% during the projected period, with a market size of USD 20.24 million in 2024.
• The Rest of Latin America's Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 1.7% during the projected period, with a market size of USD 45.25 million in 2024.

Middle East Laminated Veneer Lumber Market Analysis

According to Cognitive Market Research, the global Laminated Veneer Lumber market size was estimated at USD 5621.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 112.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031..

• The GCC Countries Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 3.7% during the projected period, with a market size of USD 48.12 million in 2024. Laminated Veneer Lumber sales flourish due to the Rapid adoption of structural applications and urbanisation.
• The Egypt Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 3.2% during the projected period, with a market size of USD 11.81 million in 2024.
• The South Africa Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 3.9% during the projected period, with a market size of USD 17.76 million in 2024. Laminated Veneer Lumber sales flourished in South Africa due to Growing interest in environmentally friendly building materials.
• The Turkey Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 2.4% during the projected period, with a market size of USD 9.67 million in 2024.
• The Nigeria Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 2.0% during the projected period, with a market size of USD 11.81 million in 2024.
• The Rest of the MEA Laminated Veneer Lumber market is anticipated to see growth at a CAGR of 1.9% during the projected period, with a market size of USD 13.27 million in 2024.

Laminated Veneer Lumber Market Analysis

Segment Analysis of Laminated Veneer Lumber Market

We have defined the scope of the Laminated Veneer Lumber market in the agriculture industry through comprehensive primary and secondary research methodologies. The type segment/horizontal segment analysis of the Laminated Veneer Lumber market offers detailed insights into key leading segments, their revenue, and market share, along with the factors contributing to their dominance at both global and regional levels.

Additionally, we provide revenue trends and year-over-year (Y-O-Y) growth for each segment, backed by detailed qualitative analysis. The Laminated Veneer Lumber market types/products segment analysis enables clients to expand into new agricultural markets and diversify their customer base, helping to create additional revenue streams and strengthen their competitive position. We also offer customized research scopes based on specific client requirements. For any inquiries or further details, please connect with our research team.

of Laminated Veneer Lumber analyzed in this report are as follows:

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Laminated Veneer Lumber Industry. Request a Free Sample PDF!

Laminated Veneer Lumber Market Application Segment Analysis

According to Cognitive Market Research, the Headers segment holds the largest share of the market because they are a basic part of building frames and are necessary for providing structural support in a variety of construction projects.

In the Laminated Veneer Lumber Market, the Truck Bed Decking has been expanding at a rapid pace, motivated by the growing need for strong and light materials in the logistics and transportation sector, which aims to decrease vehicle weight and increase load-bearing capacity.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Laminated Veneer Lumber End-User Outlook: Segment Analysis

Laminated Veneer Lumber Market End-User Segment Analysis

According to Cognitive Market Research, The Residential segment holds the largest market share due to the growing need for long-lasting and ecological building materials in residential construction, which has led to the increased usage of LVL as a bearing structure in roofs, walls, and floors.

In the Laminated Veneer Lumber market, the rapidly growing sector is the Commercial. The growth in this category is fueled by the fast industrialisation and urbanisation that are driving up demand for commercial building projects and infrastructure development that need dependable, high-strength materials like LVL.

• Residential
• Commercial
• Industrial

Author's Detail

Pratik Shirsath

Research Associate at Cognitive Market Research

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Profile

Pratik Shirsath is an accomplished Research Analyst with extensive expertise in the agriculture sector, bringing over one years of experience in market research and analysis. Pratik specializes in secondary research, competitive benchmarking, and data-driven insights that empower organizations to make strategic decisions and achieve their goals.

In his current role, Pratik leads research projects focused on the agriculture sector, driving initiatives that identify emerging market trends, assess competitive landscapes, and uncover growth opportunities. His proficiency in designing effective research methodologies and translating complex data into actionable strategies has consistently supported his organization’s objectives.

Pratik's dedication to delivering high-quality research and his in-depth knowledge of the agriculture industry have made him a trusted resource for his team and stakeholders. Passionate about innovation and sustainability in agriculture, he remains committed to advancing his expertise to navigate the evolving challenges and opportunities in the sector.

Author's Conclusion