Global Plywood Market Overview And Prospects – Includes Plywood Market Growth
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The global plywood market is expected to grow from $50.83 billion in 2021 to $54.79 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The global plywood market size is expected to grow to $79.65 billion in 2026 at a CAGR of 9.8%.
The growth of the interior design and furniture industry is propelling the demand in the plywood market.
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The plywood market consists of sales of plywood by entities (organizations, sole traders, and partnerships) which is a type of manufacturing board that is made of thin wood layers that are glued together and have an outer layer that is plastic-like, a resin-impregnated paper, which improves the durability of plywood. This plywood has high structural strength and flexibility and also works better against moisture. Plywood is widely used in interior design and furniture work. Apart from being economical and durable, it is also a more eco-friendly option than normal wood.
By Type: Softwood, Hardwood
By Application: Furniture, Flooring and Construction, Automotive Interiors, Packaging, Marine, Others
By End-User: Residential, Commercial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global plywood market in 2021.
Strategic partnerships are shaping the plywood market. Many companies operating in the plywood market are undergoing partnerships to meet customer demands.
TBRC’s Plywood Market Report Covers:
Major Market Players: Georgia-Pacific LLC, PotlatchDeltic Corporation, Boise Cascade Company, UPM-Kymmene Oyj, SVEZA Forest Ltd., Latvijas Finieris AS, Austral Plywoods Pty Ltd., Eksons Corporation Berhad (BHD), Metsä Wood (Metsäliitto Cooperative), Uniply Industries Ltd, Hefei Sinoply Wood, Subur Tiasa Holdings Berhad and Jaya Tiasa Holdings Berhad.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Plywood Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides plywood market overviews, analyzes and forecasts market size, share, plywood market players, plywood market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s plywood market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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