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World - Plywood - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Plywood - Market Analysis, Forecast, Size, Trends and Insights

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Jan 16, 2023

Plywood Market Grows with Rising Furniture Demand and Housing Construction

Market Overview

The global plywood market is expected to reach USD 98.1 billion by 2030. The market is anticipated to witness a CAGR of 4.2% over the forecast period. Increasing demand for furniture in the residential sector is expected to drive the market over the forecast period.

Plywood is an engineered wood product made by gluing together veneers, or thin sheets of wood, with an adhesive. It is widely used in the construction and furniture industries due to its high strength-to-weight ratio and durability.

The global plywood market is expected to witness significant growth on account of the growing construction industry. Increasing population and rapid urbanization are projected to result in an increased demand for residential and commercial buildings, which in turn is anticipated to drive the market for plywood. Additionally, the increasing popularity of wooden furniture is expected to propel the demand for plywood over the forecast period.

Growing environmental concerns and stringent regulations regarding the use of wood products are anticipated to restrain market growth. The volatile cost of raw materials is also expected to have a negative impact on the market.

The Asia-Pacific region is the largest market for plywood and is expected to grow at the highest CAGR during the forecast period. The growth of the Asia-Pacific plywood market can be attributed to the increasing construction activities and furniture production in the region. China is the largest producer and consumer of plywood in the world and is also the fastest-growing market for plywood.

The North American plywood market is expected to grow at a moderate rate during the forecast period. The United States is the major contributor to the growth of this market owing to the growing demand from the construction industry.

The European plywood market is expected to grow at a steady pace during the forecast period. Germany, Italy, France, and Spain are some of the major markets for plywood in Europe.

The global plywood market is highly competitive with a large number of players. The key players in the market are Weyerhaeuser Company, Georgia-Pacific LLC, Louisiana-Pacific Corporation, Roseburg Forest Products Company, Arauco S.A., Hijau Group, Sumitomo Forestry Co., Ltd., Unilin Beaulieu International Group N.V., Kastamonu Entegre A.Ş., Rex Lumber Company, Inc., and Veneer Technologies International LLC.

Market Segmentation

The global plywood market is segmented on the basis of type and application. Based on type, the market is divided into hardwood plywood, softwood plywood, tropical plywood, and others. Hardwood plywood is expected to grow at the highest CAGR during the forecast period owing to its superior strength and durability. It finds applications in construction, packaging, furniture making, and others. Softwood plywood is anticipated to be the second-largest segment as it is widely used in construction activities due to its high stiffness and strength. Tropical plywood is projected to register the third-largest share by 2030 as it offers better resistance against insects and decay. It finds applications in furniture making and construction.

On the basis of application, the global plywood market has been divided into construction, packaging, furniture making, and others. Construction was the largest application segment in 2022 due to rising infrastructure development activities across the globe. The packaging segment is expected to grow at a significant pace over the forecast period on account of the increasing utilization of plywood for crating and palletizing purposes. Furniture making was the third-largest application segment in 2022 as plywood finds wide use in manufacturing office furniture, home furniture, and other wooden products.

Market Restraints

The global plywood market is expected to witness moderate growth over the forecast period. This can be attributed to various restraining factors such as the availability of substitutes, stringent environmental regulations, and fluctuating raw material prices.

Plywood is used in a variety of applications where it faces stiff competition from substitutes such as particle board, fiberboard, and medium-density fiberboard. These substitutes are made from cheaper materials and offer similar strength and durability as plywood. This is expected to hamper the growth of the global plywood market over the forecast period.

The production of plywood involves cutting down trees which have led to concerns over deforestation. This has resulted in various governments imposing strict environmental regulations on the forestry industry which is expected to act as a restraint on the growth of the global plywood market.

The cost of raw materials such as wood veneers and adhesives fluctuates frequently due to changes in demand and supply conditions. This volatility often leads to an increase in the final price of plywood which makes it uncompetitive against its substitutes. This is another factor that is expected to hamper market growth over the forecast period.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global plywood market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1640 - Plywood

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Georgia-Pacific Corporation, UPM-Kymmene Oyj, Weyerhaeuser Company, Boise Cascade, Century Plyboard Ltd., Greenply Industries Ltd., Jaya Tiasa Holdings Bhd., SVEZA Forest Ltd., Uniply Industries Ltd., Eksons Corp., Potlatch Corporation, Metsa Wood, Latvijas Finieris, Austral Plywoods Pty Ltd., Eksons Corporation Bhd, Nisshin Group, SRG Plywood, Wigwam Plywood Company, Oriental Veneer Products Ltd, Berneck

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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