Plywood Market Size – By Size (4’x8’, 4’x6’, 4’x10’, 3’x6’ and Others), By Thickness (<8mm, 8mm-18mm and >18mm), By Grade (MR Grade, BWR Grade, Fire Resistant Grade, BWP Grade, and Structural Grade), By Wood Type (Softwood, Hardwood, Tropical and Others), By Sales Channel (Direct Sales and Distributors/Retailers), By Application (Furniture, Flooring & Construction, Automotive Interiors, Packaging, Marine and Others), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-06-06
- NO OF PAGES
- 280
- CATEGORY
- Chemicals & Materials
Market Overview
The Plywood market report is predicted to develop at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2034, when global Plywood market forecast size is projected to reach USD 157.84 Billion in 2034, based on an average growth pattern. The global Plywood market revenue is estimated to reach a value of USD 85.25 Billion in 2024.
SOURCE: We Market Research
The global
plywood market has been experiencing significant growth due to its widespread
use in various applications, including construction, furniture, packaging, and
interior design. The global plywood market refers to the industry involved in
the production, distribution, and consumption of plywood, a versatile
engineered wood product made from thin layers of wood veneer that are glued
together. Plywood is widely used in construction, furniture, cabinetry,
flooring, and various other applications due to its strength, durability, and
aesthetic appeal.
The global
plywood market is expected to continue growing due to the increasing focus on
eco-friendly construction materials, the expansion of the furniture sector, and
advancements in plywood technology. Emerging markets, especially in the
Asia-Pacific region, will play a crucial role in driving demand.
Global Plywood Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 85.25 Billion |
|
Market
Forecast in 2034 |
USD 157.84 Billion |
|
CAGR % 2024-2034 |
6.1% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Size, By Thickness,
By Grade, By Wood Type, By Sales Channel, By Application and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Plywood Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Plywood market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Plywood Market Segmentation
Market- By Wood Type Analysis
By wood type, the Plywood market share is categories into Softwood, Hardwood, Tropical and Others. Softwood dominates the market with the largest share, accounting for over 48% of the market in 2023. his segment is typically the largest in the plywood market due to its widespread use in construction and structural applications. Softwood plywood is known for its strength, cost-effectiveness, and availability. It is favored for applications such as roofing, flooring, and general construction purposes.
The
following segments are part of an in-depth analysis of the global Plywood
market:
|
Market Segments |
|
|
By Size |
·
4’x8’ ·
4’x6’ ·
4’x10’ ·
3’x6’ ·
Others |
|
By Thickness |
·
<8mm ·
8mm-18mm ·
>18mm |
|
By
Grade |
·
MR Grade ·
BWR Grade ·
Fire Resistant Grade ·
BWP Grade ·
Structural Grade |
|
By Wood
Type |
·
Softwood ·
Hardwood ·
Tropical ·
Others |
|
By
Application |
·
Furniture ·
Flooring & Construction ·
Automotive Interiors ·
Packaging ·
Marine ·
Others |
|
By Sales
Channel |
·
Direct Sales, ·
Distributors/Retailers |
Plywood Industry: Regional Analysis
Asia Pacific Market Forecast
Asia Pacific dominates the global market, accounting for around 52% of the market share in 2023. Asia-Pacific, particularly China and India, has been experiencing rapid urbanization and industrialization, leading to increased construction activities. The region is a global leader in furniture production, with countries like China being significant contributors to plywood demand. The region's growth is fueled by a rising middle class, increased consumer spending on home furnishings, and significant investments in infrastructure and real estate projects.
North America Market Statistics
The U.S. and Canada have seen a surge in residential and commercial construction, contributing to the demand for plywood. The region is witnessing a resurgence in the housing market, which, alongside increasing demand for high-quality wood products, is boosting plywood consumption. For instance, U.S. hardwood plywood imports increased by nearly 25% in value in recent years
Europe Market Forecasts
European
countries emphasize sustainable forestry and eco-friendly materials, enhancing
plywood's attractiveness. Countries like Germany, Italy, and France have robust
furniture manufacturing sectors that utilize plywood. The European market is
influenced by stringent regulations promoting sustainable sourcing and the
increasing use of plywood in construction and furniture due to its favorable
strength-to-weight ratio and aesthetics.
Middle East & Africa Market Statistics
Rapid
urbanization and construction projects in the Gulf Cooperation Council (GCC)
countries, particularly the UAE and Saudi Arabia, drive demand. Ongoing
investments in infrastructure and housing projects support plywood consumption.
Latin America Market Statistics
Countries like
Brazil and Mexico are witnessing growth in residential and commercial
construction, increasing plywood demand. Government initiatives and foreign
investments in infrastructure development are also contributing to market
growth.
The Plywood Market
is dominated by a few large companies, such as
·
Georgia-Pacific LLC
·
Boise Cascade Company
·
UPM-Kymmene Corporation
·
Weyerhaeuser Company
·
Sveza
·
Roseburg Forest Products Co.
·
Veneer Products Pvt. Ltd.
·
Metsa Wood (part of Metsä Group)
·
Timber Products Company
·
Greenply Industries Ltd.
·
Century Plyboards (India) Ltd.
·
Sonae Arauco
·
Columbia Forest Products
·
Eksons Corporation Bhd
·
Austral Plywoods Pty Ltd
·
Others
1.
Global
Plywood Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Plywood Market Scope and
Market Estimation
1.2.1. Global Plywood Overall Market
Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global Plywood Market Revenue
Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Size of Global Plywood Market
1.3.2. Thickness of Global Plywood
Market
1.3.3. Grade of Global Plywood Market
1.3.4. Wood Type of Global Plywood
Market
1.3.5. Sales Channel of Global Plywood
Market
1.3.6. Grade of Global Plywood Market
1.3.7. Region of Global Plywood Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Plywood Market Estimates & Historical Trend Analysis (2019 - 2023)
4.
Global Plywood Market Estimates & Forecast Trend Analysis, by
Size
4.1. Global Plywood Market Revenue
(US$ Bn) Estimates and Forecasts, by Size, 2019 - 2034
4.1.1. 4’x8’
4.1.2. 4’x6’
4.1.3. 4’x10’
4.1.4. 3’x6’
4.1.5. Others
5.
Global Plywood Market Estimates & Forecast Trend Analysis, by
Thickness
5.1. Global Plywood Market Revenue
(US$ Bn) Estimates and Forecasts, by Thickness, 2019 - 2034
5.1.1.<8mm
5.1.2.8mm-18mm
5.1.3.>18mm
6.
Global Plywood Market Estimates & Forecast Trend Analysis, by
Grade
6.1. Global Plywood Market Revenue
(US$ Bn) Estimates and Forecasts, by Grade, 2019 - 2034
6.1.1.MR Grade
6.1.2.BWR
Grade
6.1.3.Fire
Resistant Grade
6.1.4.BWP
Grade
6.1.5.Structural
Grade
7.
Global Plywood Market Estimates & Forecast Trend Analysis, by
Wood Type
7.1. Global Plywood Market Revenue
(US$ Bn) Estimates and Forecasts, by Wood Type, 2019 - 2034
7.1.1.Softwood
7.1.2.Hardwood
7.1.3.Tropical
7.1.4.Others
8.
Global Plywood Market Estimates & Forecast Trend Analysis, by
Sales Channel
8.1. Global Plywood Market Revenue
(US$ Bn) Estimates and Forecasts, by Sales Channel, 2019 - 2034
8.1.1.Direct
Sales,
8.1.2.Distributors/Retailers
9.
Global Plywood Market Estimates & Forecast Trend Analysis, by
Application
9.1. Global Plywood Market Revenue
(US$ Bn) Estimates and Forecasts, by Application, 2019 - 2034
9.1.1.Furniture
9.1.2.Flooring
& Construction
9.1.3.Automotive
Interiors
9.1.4.Packaging
9.1.5.Marine
9.1.6.Others
10. Global
Plywood Market Estimates &
Forecast Trend Analysis, by Region
10.1.
Global
Plywood Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
10.1.1. North America
10.1.2. Eastern Europe
10.1.3. Western Europe
10.1.4. Asia Pacific
10.1.5. Middle East & Africa
10.1.6. Latin America
11. North America Plywood
Market: Estimates & Forecast Trend
Analysis
11.1.
North
America Plywood Market Assessments & Key Findings
11.1.1. North America Plywood Market
Introduction
11.1.2. North America Plywood Market
Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Size
11.1.2.2. By Thickness
11.1.2.3. By Grade
11.1.2.4. By Wood Type
11.1.2.5. By Sales Channel
11.1.2.6. By Application
11.1.2.7. By Country
11.1.2.7.1. The U.S.
11.1.2.7.2. Canada
11.1.2.7.3. Mexico
12. Western Europe Plywood
Market: Estimates & Forecast Trend
Analysis
12.1. Western Europe Plywood Market
Assessments & Key Findings
12.1.1. Western Europe Plywood Market
Introduction
12.1.2. Western Europe Plywood Market
Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Size
12.1.2.2. By Thickness
12.1.2.3. By Grade
12.1.2.4. By Wood Type
12.1.2.5. By Sales Channel
12.1.2.6. By Application
12.1.2.7. By Country
12.1.2.7.1.
Germany
12.1.2.7.2.
Italy
12.1.2.7.3.
U.K.
12.1.2.7.4.
France
12.1.2.7.5.
Spain
12.1.2.7.6.
Benelux
12.1.2.7.7.
Nordics
12.1.2.7.8. Rest
of W. Europe
13. Eastern Europe Plywood
Market: Estimates & Forecast Trend
Analysis
13.1. Eastern Europe Plywood Market
Assessments & Key Findings
13.1.1. Eastern Europe Plywood Market
Introduction
13.1.2. Eastern Europe Plywood Market
Size Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Size
13.1.2.2. By Thickness
13.1.2.3. By Grade
13.1.2.4. By Wood Type
13.1.2.5. By Sales Channel
13.1.2.6. By Application
13.1.2.7. By Country
13.1.2.7.1.
Russia
13.1.2.7.2.
Hungary
13.1.2.7.3.
Poland
13.1.2.7.4.
Balkan & Baltics
13.1.2.7.5. Rest of E. Europe
14. Asia Pacific Plywood
Market: Estimates & Forecast Trend
Analysis
14.1. Asia Pacific Market Assessments
& Key Findings
14.1.1. Asia Pacific Plywood Market
Introduction
14.1.2. Asia Pacific Plywood Market Size
Estimates and Forecast (US$ Billion) (2019 - 2034)
14.1.2.1. By Size
14.1.2.2. By Thickness
14.1.2.3. By Grade
14.1.2.4. By Wood Type
14.1.2.5. By Sales Channel
14.1.2.6. By Application
14.1.2.7. By Country
14.1.2.7.1. China
14.1.2.7.2. Japan
14.1.2.7.3. India
14.1.2.7.4. Australia & New Zealand
14.1.2.7.5. South Korea
14.1.2.7.6. ASEAN
14.1.2.7.7. Rest of Asia Pacific
15. Middle East & Africa Plywood
Market: Estimates & Forecast Trend
Analysis
15.1. Middle East & Africa Market
Assessments & Key Findings
15.1.1. Middle
East & Africa Plywood
Market Introduction
15.1.2. Middle
East & Africa Plywood
Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
15.1.2.1. By Size
15.1.2.2. By Thickness
15.1.2.3. By Grade
15.1.2.4. By Wood Type
15.1.2.5. By Sales Channel
15.1.2.6. By Application
15.1.2.7. By Country
15.1.2.7.1. UAE
15.1.2.7.2. Saudi
Arabia
15.1.2.7.3. Turkey
15.1.2.7.4. South
Africa
15.1.2.7.5. Rest of
MEA
16. Latin America
Plywood Market: Estimates &
Forecast Trend Analysis
16.1. Latin America Market Assessments
& Key Findings
16.1.1. Latin America Plywood Market
Introduction
16.1.2. Latin America Plywood Market
Size Estimates and Forecast (US$ Billion) (2019 - 2034)
16.1.2.1. By Size
16.1.2.2. By Thickness
16.1.2.3. By Grade
16.1.2.4. By Wood Type
16.1.2.5. By Sales Channel
16.1.2.6. By Application
16.1.2.7. By Country
16.1.2.7.1. Brazil
16.1.2.7.2. Argentina
16.1.2.7.3. Colombia
16.1.2.7.4. Rest of
LATAM
17. Country Wise Market:
Introduction
18. Competition Landscape
18.1. Global Plywood Market Product
Mapping
18.2. Global Plywood Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
18.3. Global Plywood Market Tier
Structure Analysis
18.4. Global Plywood Market
Concentration & Company Market Shares (%) Analysis, 2023
19. Company Profiles
19.1. Georgia-Pacific LLC
19.1.1. Company Overview & Key Stats
19.1.2. Financial Performance & KPIs
19.1.3. Product Portfolio
19.1.4. SWOT Analysis
19.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
19.2. Boise Cascade
Company
19.3. UPM-Kymmene
Corporation
19.4. Weyerhaeuser
Company
19.5. Sveza
19.6. Roseburg Forest
Products Co.
19.7. Veneer Products
Pvt. Ltd.
19.8. Metsa Wood (part of
Metsä Group)
19.9. Timber Products
Company
19.10. Greenply Industries
Ltd.
19.11. Century Plyboards
(India) Ltd.
19.12. Sonae Arauco
19.13. Columbia Forest
Products
19.14. Eksons Corporation
Bhd
19.15. Austral Plywoods
Pty Ltd
19.16. Others
20. Research
Methodology
20.1. External Transportations /
Databases
20.2. Internal Proprietary Database
20.3. Primary Research
20.4. Secondary Research
20.5. Assumptions
20.6. Limitations
20.7. Report FAQs
21. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Plywood Market in 2024?
Plywood Market was valued at USD 85.25 Billion in 2024.
What is the growth rate for the Plywood Market?
Plywood Market size will increase at approximate CAGR of 6.1% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Georgia-Pacific LLC, Boise Cascade Company, UPM-Kymmene Corporation, Weyerhaeuser Company, Sveza, Roseburg Forest Products Co., Veneer Products Pvt. Ltd. and others.
Which region dominates the Plywood Market?
Asia Pacific dominates the market with an active share of 52%.
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