Blockboard Market Report 2025

The blockboard market size has grown strongly in recent years. It will grow from $3.5 billion in 2024 to $3.71 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth observed during the historic period can be credited to the expansion of the rental housing market, a growing preference for multi-functional furniture, the increase in remote and hybrid work culture, a rise in second-home purchases, and an aging population driving designs focused on accessibility.

The blockboard market size is expected to see strong growth in the next few years. It will grow to $4.6 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth projected for the forecast period is expected to result from increased use of bio-based and nano-engineered materials, greater adoption of CNC machines and laser technology, the advancement of smart manufacturing and industry, fluctuations in real estate cycles coupled with housing affordability, and the impact of carbon tax and sustainability regulations. Key trends during the forecast period include the expansion of circular economy models, the adoption of digital twins in manufacturing, the development of low-VOC and formaldehyde-free materials, a shift towards decentralized and localized manufacturing, and the integration of sensors into materials (such as smart plywood and smart panels).

The growing emphasis on home renovation is expected to drive the expansion of the blockboard market in the future. Home renovation involves improving or updating an existing residential building to enhance its functionality, appearance, or value. This process may include repairs, remodeling, or upgrades to spaces such as kitchens, bathrooms, flooring, roofing, or entire layouts. The increasing focus on home renovation is due to aging housing stock, motivating homeowners to modernize outdated structures for better safety, functionality, and energy efficiency. Blockboard facilitates home renovation by offering a durable, lightweight, and versatile material perfect for making furniture, paneling, and interior décor that combine long-lasting strength with aesthetic appeal. For example, in February 2023, according to Houzz Inc., a US-based software development platform, kitchen and bathroom remodels were among the leading home improvement projects in the USA. In 2022, 28% of homeowners upgraded kitchens, and 25% renovated bathrooms, both figures higher than the 27% and 24% recorded in 2021, respectively. Consequently, the rising focus on home renovation is propelling growth in the blockboard market.

Leading companies in the blockboard market are making strategic investments, such as establishing plywood manufacturing facilities, to boost production capacity, broaden product ranges, and address the increasing demand for engineered wood products. A plywood manufacturing unit is a plant where thin layers of wood veneer are bonded under heat and pressure to create plywood sheets used in construction and furniture manufacturing. For instance, in February 2024, Gattani Industries, an India-based producer of plywood, blockboard, and other engineered wood products, launched a new decorative laminate and plywood manufacturing plant in Ahmedabad, Gujarat. The plywood unit is already functional, producing blockboards and flush doors, while laminate production is planned to start in March. Initially, the company installed a single press with a monthly capacity of 180,000 sheets, with plans to add a second press within four to five months, doubling capacity to roughly 360,000 sheets per month.

In April 2025, Century Plyboards Ltd., an India-based manufacturer and supplier of plywood, acquired Pacific Plywoods Pvt. Ltd. for an undisclosed sum. This acquisition aimed to strengthen Century Plyboards’ market presence, expand manufacturing capabilities, and enhance its product portfolio in the Indian plywood sector. Pacific Plywoods Pvt. Ltd. is an India-based manufacturer of plywood and blockboard products.

Major players in the blockboard market are Merino Industries Limited, Century Plyboards (India) Limited, Greenply Industries Limited, MRS Woodcraft Private Limited, Durian Industries Limited, Caliber Plywood Private Limited, Minimax Plywood Private Limited, Duroply Industries Limited, Afyun Ply Private Limited, Kitply Industries Limited, Austin Plywood Private Limited, Raja Plywood Industries Private Limited, National Plywood Industries Limited, Bharat Plywood Private Limited, Kajaria Ply Private Limited, SV Woods Private Limited, Confors Ply Private Limited, Vimba Ply Private Limited, Shanti Wood Products Private Limited, and Mampilly Plywood Industries Private Limited.

Asia-Pacific was the largest region in the blockboard market in 2024, and it is expected to be the fastest-growing region in the forecast period. The regions covered in blockboard report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the blockboard market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The quick escalation of U.S. tariffs and the resulting strain in trade relations in spring 2025 are considerably influencing the Paper, Plastics, Rubber, Wood And Textile sector by inflating costs for imported pulp, resin, synthetic rubber, lumber, and cotton key inputs with limited domestic substitutes. Packaging manufacturers, for example, now pay more for plastic films and corrugated materials, squeezing margins in an already price-sensitive market. Textile producers face similar challenges, as tariffs on imported yarns and dyes compound pressures from rising labor costs. Some firms are shifting to recycled materials or biodegradable alternatives, while others consolidate suppliers to negotiate bulk discounts.

Blockboard is a type of engineered wood panel made by sandwiching a core of softwood strips between layers of veneer and then bonding them under high pressure. It is widely used for furniture, doors, and partitions because of its strength, durability, and resistance to bending or warping over large spans.

The primary types of blockboard are softwood and hardwood. Softwood cores in blockboard usually consist of species such as pine, spruce, or fir, chosen for their lightweight and stable characteristics. Blockboards come in various thicknesses, including thin, medium, and thick blockboard. They are distributed through multiple channels, including direct sales, online retail, wholesale distribution, mass merchants, and specialized stores. Blockboards serve a variety of applications across residential, commercial, and industrial sectors and are utilized by end-use industries such as furniture manufacturing, interior design and décor, and marine applications.

The blockboard market research report is one of a series of new reports that provides blockboard market statistics, including the blockboard industry global market size, regional shares, competitors with the blockboard market share, detailed blockboard market segments, market trends, and opportunities, and any further data you may need to thrive in the blockboard industry. This blockboard market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The blockboard market consists of sales of products such as flush doors, wardrobes and closets, wall panels and partitions, cabinets and cupboards, and bed frames and headboards. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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