The Global Plywood Market Size is anticipated to reach US$ 83.51 Billion by 2030, according to the report. Plywood is a flat sheet made from wood veneers glued together. While it can be adapted to various uses, the standard product comprises at least three plies, with the grooves in the alternate plies crossing at right angles. Plywood is a highly adaptable material utilized for various structural, interior, and external applications ranging from framework to internal paneling. Plywood can withstand a relatively uncommon short-term overload of up to double the design capacity as a wood-based material. This is important in areas where earthquake activity or hurricanes usually occur. This property can also be utilized to create construction flooring or concrete structures.
The increasing demand for plywood market price due to the growing number of distribution networks and exclusive outlets of premium furniture manufacturers represents one of the primary factors positively influencing the market worldwide. The rising integration of technologically advanced production methods to manufacture plywood with improved features, such as flexible plywood, propels the market's growth. The growing utilization of plywood for making partitions and false ceilings in houses and office spaces offers a favorable market outlook globally.
The increasing demand for designer and high-quality furniture that does not break easily and provides aesthetic appeal among the masses and the inflating income level of individuals worldwide is propelling the market's growth. In addition, the rising employment of plywood in manufacturing concrete shuttering, doors, stairs, stringers, seating’s, framing, interior fixtures, external cladding, interior rails and handrails, internal paneling, and timber joinery products is offering lucrative growth opportunities to industry investors. Moreover, the growing awareness about using environment-friendly products that lower the amount of carbon emissions across the globe is offering a favorable market outlook. The rise in spending on interior designing and the growing interest of homeowners in home decor and aesthetic furnishings, particularly in developed and high-income countries such as the United States, Canada, France, and Japan, is affecting plywood sales. Furthermore, due to the easy availability of raw materials and cheap labor, the large consumption and production of plywood in countries like China and India are driving market growth. Global Plywood Market was valued at US$ 55.33 Billion in 2023.
The increasing demand for plywood market price due to the growing number of distribution networks and exclusive outlets of premium furniture manufacturers represents one of the primary factors positively influencing the market worldwide. The rising integration of technologically advanced production methods to manufacture plywood with improved features, such as flexible plywood, propels the market's growth. The growing utilization of plywood for making partitions and false ceilings in houses and office spaces offers a favorable market outlook globally.
Global Plywood Market is expected to grow at a CAGR of 6.06% from 2024 to 2030
There is a rise in the demand for eco-friendly, cost-efficient, durable, smooth, and flexible materials among individuals worldwide. This, coupled with various technological advancements in plywood to increase its flexibility and resistance properties, contributes to the market's growth. The increasing Application of plywood-based products, such as desks, almirahs, and cabinets, in offices and commercial areas worldwide is bolstering the market's development.The increasing demand for designer and high-quality furniture that does not break easily and provides aesthetic appeal among the masses and the inflating income level of individuals worldwide is propelling the market's growth. In addition, the rising employment of plywood in manufacturing concrete shuttering, doors, stairs, stringers, seating’s, framing, interior fixtures, external cladding, interior rails and handrails, internal paneling, and timber joinery products is offering lucrative growth opportunities to industry investors. Moreover, the growing awareness about using environment-friendly products that lower the amount of carbon emissions across the globe is offering a favorable market outlook. The rise in spending on interior designing and the growing interest of homeowners in home decor and aesthetic furnishings, particularly in developed and high-income countries such as the United States, Canada, France, and Japan, is affecting plywood sales. Furthermore, due to the easy availability of raw materials and cheap labor, the large consumption and production of plywood in countries like China and India are driving market growth. Global Plywood Market was valued at US$ 55.33 Billion in 2023.
Softwood's market share will dominate in the upcoming years
By Type, Global Plywood Market is segmented into Hardwood and Softwood. The softwood segment will lead the market, securing the most substantial revenue share over the entire forecast period. As demands for softwood products continue to rise, driven by various industries such as construction, furniture, and packaging, this segment stands at the forefront. Its dominance is attributed to softwood's versatility, durability, and widespread applications in diverse sectors. With a consistent and robust market presence, the softwood segment is anticipated to play a pivotal role in shaping the market landscape, meeting the evolving needs of industries, and contributing significantly to overall market revenue.Mr. Grade (Moisture Resistant) captured the highest market in the Plywood industry globally
By Grade, Global Plywood Market is divided into Mr. Grade (Moisture Resistant), Bwr Grade (Boiling Water Resistant), Fire Resistant Grade, Structural Grade, and Others. The MR-grade plywood segment is experiencing a remarkable surge in revenue growth over the forecast period. This is due to its exceptional strength, durability, and moisture resistance properties, which make it an ideal choice for furniture and other interior fixtures in the construction industry. With the increasing demand for high-quality and designer furniture that provides aesthetic appeal and longevity, the MR-grade plywood market is witnessing substantial growth. Moreover, the growing awareness about using eco-friendly products further drives the demand for this plywood segment. These factors are expected to propel the growth of the MR-grade plywood segment in the coming years.Construction segment dominates the Plywood market with the largest share
By Application, the Global Plywood Market is classified into Construction, Furniture, Packaging, Flooring, Transport, Decoration, and Others. The construction segment has emerged as the dominant player in the plywood market, holding the largest market. Plywood is a versatile material widely used in the construction industry for its high strength, durability, and cost-effectiveness. The construction industry demands plywood for various applications, including roofing, flooring, and wall paneling. With the increasing focus on infrastructural development and urbanization, the demand for plywood in the construction segment will remain high in the coming years. Furthermore, the growing trend of eco-friendly construction practices drives the demand for sustainable plywood products, creating new opportunities for the market players.China Plywood market is expected to dominate throughout the forecast period
By Company, Global Plywood Market is split into North America (United States, Canada and Mexico), Europe (United Kingdom, France, Germany, Italy, Netherland, Belgium, Spain, Switzerland, Turkey), Asia Pacific (India, China, Japan, South Korea, Indonesia, Malaysia, Hong Kong, Australia, New Zealand), South America (Brazil & Argentina), Middle East & Africa (Saudi Arabia, Israel, South Africa) and Rest of World. The plywood market in China has been witnessing steady growth over the years, owing to the country's thriving construction industry. The use of plywood is widespread in the construction sector for its versatility, high strength, and cost-effectiveness. China's plywood market is expected to maintain its dominance over the entire forecast period, driven by the increasing demand for plywood in the construction industry. Moreover, the growing trend of eco-friendly construction practices in the country is further fueling the demand for sustainable plywood products, creating new opportunities for market players. The plywood market is also witnessing a shift towards advanced manufacturing technologies, expected to drive growth in the coming years.Key Players
Boise Cascade, Weyerhaeuser Company Ltd, UPM-Kymmene, Potlatchdeltic Corporation, Metsä Board, Century Plyboards Ltd, and Greenply Industries Ltd are prominent player covered in the global plywood market report.Type - Market breakup of 2 viewpoint
- Hardwood
- Softwood
Grade - Market breakup of 5 viewpoint
- Mr Grade (Moisture Resistant)
- Bwr Grade (Boiling Water Resistant)
- Fire Resistant Grade
- Structural Grade
- Others
Application - Market breakup of 7 viewpoint
- Construction
- Furniture
- Packaging
- Flooring
- Transport
- Decoration
- Others
Country - Breakup of 27 country Plywood market
North America
- United States
- Canada
Europe
- United Kingdom
- France
- Germany
- Italy
- Netherland
- Belgium
- Spain
- Switzerland
- Turkey
Asia Pacific
- India
- China
- Japan
- South Korea
- Indonesia
- Malaysia
- Hong Kong
- Australia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Saudi Arabia
- Israel
- South Africa
Rest of the World
All companies have been covered from 3 viewpoints
- Overviews
- Recent Development
- Revenues
Company Analysis
- Boise Cascade
- Weyerhaeuser Company Ltd
- UPM-Kymmene
- Potlatchdeltic Corporation
- Metsä Board
- Century Plyboards Ltd
- Greenply Industries Ltd
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary5. Global Plywood Market
4. Market Dynamics
6. Market Share - Global Plywood Market
7. Type - Global Plywood Market
8. Grade - Global Plywood Market
9. Application - Global Plywood Market
10. Country - Global Plywood Market
11. Porter’s Five Analysis - Global Plywood Market
12. SWOT Analysis - Global Plywood Market
13. Key Players
List of Figures
List of Tables
Companies Mentioned
- Boise Cascade
- Weyerhaeuser Company Ltd
- UPM-Kymmene
- Potlatchdeltic Corporation
- Metsä Board
- Century Plyboards Ltd
- Greenply Industries Ltd
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 215 |
| Published | January 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 55.33 Billion |
| Forecasted Market Value ( USD | $ 83.51 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
