In 2023, the business enterprise R&D expenditure in the manufacture of wood and related products in Canada was 140 million CAD. From 2024 to 2028, expenditure is forecast to grow steadily from 142 million to 152 million CAD, representing a compound annual growth rate (CAGR) of approximately 1.68%. Year-on-year variations indicate gradual increases of around 2% each year, reflecting moderate but consistent investment growth in the sector.

Future trends to watch for include:

Emerging technologies and sustainable practices that could further drive R&D investment.
Government policies focusing on sustainable materials, which may influence sector emphasis and funding.
Global demand shifts towards eco-friendly housing, potentially impacting Canada's wood and cork product industries.