In 2023, the actual value added by the forestry and logging sector in the US stood at $13.95 billion. Projected figures indicate steady growth, peaking at $15.1 billion by 2028. Year-on-year, values increase by approximately 1.7% to 1.5% annually. The compound annual growth rate (CAGR) is forecasted at approximately 1.6%, reflecting a stable upward trend.
Future trends to watch for include:
- Impact of environmental regulations on growth.
- Technological advancements improving logging efficiency.
- Shifts in global demand for timber and paper products.
