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The 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 market is expected to reach to $79.65 billion in 2026 at a CAGR of 9.8%.

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Plywood Market Driver

The growth of the interior design and furniture industry is propelling the demand in the plywood market. Interior designing and furniture refer to the designing of homes or organizations. The interior design and furniture industries use large amounts of plywood as a better alternative to raw wood. As a result, the growth of interior design and furniture increases the demand for the plywood market.

Plywood Market Trends

Strategic partnerships are shaping the plywood market. Many companies operating in the plywood market are undergoing partnerships to meet customer demands.

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Plywood Market Segmentation By The Business Research Company

1) By Type: Softwood, Hardwood

2) By Application: Furniture, Flooring and Construction, Automotive Interiors, Packaging, Marine, Others

3) By End-User: Residential, Commercial

Major Players And Regions Of The Plywood Market

Major players in the plywood market are 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.

Asia Pacific was the largest region in the plywood market in 2021 and is expected to be the fastest-growing region in the forecast period.

The Plywood Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the plywood market.

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