I think the upside of industrially grown wood is better than the upside of industrially grown meat. The biological services of an old forest are more than the material they yield.

Imagine cultured sheets of perfect n-ply plywood, quartersawn timber of any size, 3d lattices that create chairs and other furniture with no joinery... Lumber grown at sea on barges, taking water and nutrients from sea water, chasing the equatorial sun.