The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growth of the interior design and furniture industry are expected to drive innovation in plywood manufacturing, thus driving the market during the forecast period.

The global plywood market is expected to grow from $54.79 billion in 2022 to $59.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The plywood market size is expected to grow to $85.26 billion in 2027 at a compound annual growth rate (CAGR) of 9.4%.

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Global Plywood Market Segments Include:

• By Type: Softwood, Hardwood
• By Application: Furniture, Flooring And Construction, Automotive Interiors, Packaging, Marine, Other Applications
• 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.

Major Market Players in the plywood market include Georgia-Pacific LLC, PotlatchDeltic Corporation, Boise Cascade Company, UPM-Kymmene Oyj, SVEZA Forest Ltd., Latvijas Finieris AS, Austral Plywoods Pty Ltd.

Strategic partnerships are shaping the plywood market. Many companies operating in the plywood market are undergoing partnerships to meet customer demands. For instance, in January 2022, Boise Cascade Millwork, a US-based manufacturer of plywood partnered with Simpson Door Company, a US-based company manufacturer of the interior, exterior, and custom wood doors. With this partnership, Boise company will expand its offering of top-notch doors and services to its customers in Atlanta. Further, in another partnership, Quant, a Sweden-based company operating in industrial maintenance partnered with Metsä Wood, a Finland-based company that manufactures plywood. With this partnership, the companies want to develop proactive and predictive maintenance to the next level together to meet customer demands.

The Plywood Global Market Report 2023  provides a plywood market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The plywood market forecast analyzes plywood market size, plywood market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Plywood refers to a type of wooden product in which thin layers of wood are bonded and pressed together to create a construction material due to its high structural strength and flexibility. It also works better against moisture, and the grains of the wood are often at right angles to one another. 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.

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