PUBLISHER: IMARC | PRODUCT CODE: 1661128
PUBLISHER: IMARC | PRODUCT CODE: 1661128
Plywood Market Report by Residential and Commercial Application (Residential, Commercial), New Construction and Replacement Sector (New Construction, Replacement), and Region 2025-2033
The global plywood market size reached USD 50.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 74.5 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033. The growing adoption of flexible products, increasing urbanization, and rising number of residential and commercial projects represent some of the key factors driving the market.
Rising Number of Residential and Commercial Projects Impelling Market Growth
The rising number of residential and commercial projects currently represents one of the primary drivers resulting in the increasing sales of plywood. There is a rise in the demand for plywood for manufacturing furniture and construction materials across the globe. Besides this, the increasing utilization of plywood in residential and commercial spaces, as it offers enhanced stability, high strength, and improved impact resistance. Plywood is also used to manufacture walls and floor coverings in residential areas. In addition, the growing adoption of plywood in residential and commercial areas due to increasing living standards, along with inflating income levels of individuals, is positively influencing the market.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with a large number of small, medium, and large players operating in the industry, which increases the competition in the market. The volume of new entrants is moderate in the plywood industry due to the high economy of scale. In addition to this, the plywood industry has low product differentiation and switching costs.
What is Plywood?
Plywood refers to an engineered wood product that is manufactured from thin layers of wood veneer of softwood, hardwood plastic, resin-impregnated paper, fabric, formica, which are glued together in adjacent layers to form a thicker and flat sheet. It is widely available as structural, external, internal, and marine plywood in different sizes, shapes, designs, colors, patterns, and textures. It is cost-effective, convenient, easy to use and lightweight; has an increased life span; and facilitates better binding of paints and dyes. It offers improved durability, flexibility, and high stability and strength as compared to other wood-based sheet products, such as medium-density fiberboard (MDF). It is a versatile material that does not warp or crack with changes in atmospheric moisture. It is resistant to exposure to chemicals and fire, insulation against sound and excessive heating, moisture, abrasion, and corrosion. It is also pliable and highly suitable for curved surfaces and does not split easily due to its cross-layered structure. It assists in reducing carbon footprint and greenhouse gas (GHG) emissions, as it is an eco-friendly product. It also aids in providing a smooth surface, preventing water damage, and can easily hold screws. Besides this, it is beneficial in producing a variety of products conveniently and enhances the appearance of an item. As a result, plywood is widely employed in the marine, construction, manufacturing, and furniture industries across the globe.
Plywood Market Trends:
At present, the increasing adoption of plywood in residential areas as wall and floor coverings and roof deck coatings around the world represents one of the key factors supporting the growth of the market. Besides this, the growing demand for plywood due to the increasing number of commercial spaces across the globe is positively influencing the market. Additionally, the rising utilization of plywood in the marine industry to withstand occasional exposure to seawater without decaying or deteriorating the quality of the material is impelling the growth of the market. Apart from this, the increasing demand for designer and high-quality furniture that does not break easily and provides aesthetic appeal among the masses, along with the inflating income level of individuals around the world, is propelling the growth of the market. In addition, the rising employment of plywood in manufacturing concrete shuttering, doors, stairs, stringers, seatings, framing, interior fixtures, external cladding, interior rails and balustrades, internal paneling, and timber joinery products is offering lucrative growth opportunities to industry investors. Moreover, the growing awareness about using environment friendly products that lower the amount of carbon emissions across the globe is offering a favorable market outlook. Besides this, there is a rise in the demand for eco-friendly, cost-efficient, durable, smooth, and flexible materials among individuals around the world. This, coupled with various technological advancements in plywood to increase the flexibility and resistant properties of plywood, is contributing to the growth of the market. Furthermore, the increasing application of plywood-based products, such as desks, almirahs, and cabinets, in offices and commercial areas worldwide is bolstering the growth of the market.
Key Market Segmentation:
Residential and Commercial Application Insights:
- Residential
- Commercial
New Construction and Replacement Sector Insights:
- New Construction
- Replacement
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
- The report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. According to the report, Asia Pacific was the largest market for plywood. Some of the factors driving the Asia Pacific plywood market included the improving standards of living, rapid expansion in the construction industry, presence of key manufacturers, etc. Besides this, various manufacturers are producing plywood, as many countries in the Asia Pacific region have rich forest resources and wood plantations. In addition to this, the increasing demand for better housing and furniture, along with the inflating income level of individuals, is strengthening the growth of the market in the region.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global plywood market. Some of the companies covered in the report include:
- Georgia Pacific LLC
- PotlatchDeltic Corporation
- Weyerhaeuser Company Ltd.
- Boise Cascade Company
- UPM-Kymmene Oyj
- SVEZA Forest Ltd.
- Metsa Wood (Metsaliitto Cooperative)
- Latvijas Finieris AS
- Austral Plywoods Pty Ltd.
- Eksons Corporation Berhad (BHD)
- Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1.What was the size of the global plywood market in 2024?
- 2.What is the expected growth rate of the global plywood market during 2025-2033?
- 3.What are the key factors driving the global plywood market?
- 4.What has been the impact of COVID-19 on the global plywood market?
- 5.What is the breakup of the global plywood market based on the residential and commercial application?
- 6.What is the breakup of the global plywood market based on the new construction and replacement sector?
- 7.What are the key regions in the global plywood market?
- 8.Who are the key players/companies in the global plywood market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Engineered Wood Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Price Trends
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
6 Global Plywood Market
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Price Analysis
- 6.4.1 Key Price Indicators
- 6.4.2 Price Structure
- 6.4.3 Price Trends
- 6.5 Market Breakup by Region
- 6.6 Market Breakup by Residential and Commercial Application
- 6.7 Market Breakup by New Construction and Replacement Sector
- 6.8 Market Forecast
- 6.9 SWOT Analysis
- 6.9.1 Overview
- 6.9.2 Strengths
- 6.9.3 Weaknesses
- 6.9.4 Opportunities
- 6.9.5 Threats
- 6.10 Value Chain Analysis
- 6.10.1 Overview
- 6.10.2 Forest Growers
- 6.10.3 Sawmills
- 6.10.4 Manufacturers
- 6.10.5 Distributors
- 6.10.6 Exporters
- 6.10.7 End Users
- 6.11 Porter's Five Forces Analysis
- 6.11.1 Overview
- 6.11.2 Bargaining Power of Buyers
- 6.11.3 Bargaining Power of Suppliers
- 6.11.4 Degree of Rivalry
- 6.11.5 Threat of New Entrants
- 6.11.6 Threat of Substitutes
- 6.12 Key Market Drivers and Success Factors
7 Market Breakup by Region
- 7.1 Asia-Pacific
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 North America
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Europe
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Latin America
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Middle East and Africa
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Residential and Commercial Application
- 8.1 Residential
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by New Construction and Replacement Sector
- 9.1 New Construction
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Replacement
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Global Marine Plywood Market
- 10.1 Market Overview
- 10.2 Market Performance
- 10.3 Market Breakup by Marine and Non-Marine Applications
- 10.4 Market Breakup by Key Marine Plywood Applications
- 10.5 Market Forecast
11 Plywood Manufacturing Process
- 11.1 Product Overview
- 11.2 Detailed Process Flow
- 11.3 Various Type of Unit Operation Involved
- 11.4 Mass Balance and Raw Material Requirements
12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Key Players
13 Project Details, Requirements and Costs Involved
- 13.1 Land Requirements and Expenditures
- 13.2 Construction Requirements and Expenditures
- 13.3 Plant Machinery
- 13.4 Machinery Pictures
- 13.5 Raw Material Requirements and Expenditures
- 13.6 Raw Material and Final Product Pictures
- 13.7 Packaging Requirements and Expenditures
- 13.8 Transportation Requirements and Expenditures
- 13.9 Utilities Requirements and Expenditures
- 13.10 Manpower Requirements and Expenditures
- 13.11 Other Capital Investments
14 Loans and Financial Assistance
15 Project Economics
- 15.1 Capital Cost of the Project
- 15.2 Techno-Economic Parameters
- 15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 15.4 Income Projections
- 15.5 Expenditure Projections
- 15.6 Taxation and Depreciation
- 15.7 Financial Analysis
- 15.8 Profit Analysis
16 Key Player Profiles
- 16.1 Georgia Pacific LLC
- 16.2 PotlatchDeltic Corporation
- 16.3 Weyerhaeuser Company Ltd.
- 16.4 Boise Cascade Company
- 16.5 UPM-Kymmene Oyj
- 16.6 SVEZA Forest Ltd.
- 16.7 Metsa Wood (Metsaliitto Cooperative)
- 16.8 Latvijas Finieris AS
- 16.9 Austral Plywoods Pty Ltd.
- 16.10 Eksons Corporation Berhad (BHD)
List of Figures
- Figure 1: Global: Plywood Market: Major Drivers and Challenges
- Figure 2: Global: Engineered Wood Market: Volume Trends (in Million Cubic Metres), 2019-2024
- Figure 3: Global: Engineered Wood Market: Value Trends (in Billion USD), 2019-2024
- Figure 4: Global: Engineered Wood Market: Average Prices (in USD/Cubic Metre), 2019-2024
- Figure 5: Global: Engineered Wood Market: Breakup by Product Type (in %), 2024
- Figure 6: Global: Engineered Wood Market: Breakup by Application (in %), 2024
- Figure 7: Global: Engineered Wood Market: Production Breakup by Region (in %), 2024
- Figure 8: Global: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metres), 2025-2033
- Figure 9: Global: Engineered Wood Market Forecast: Value Trends (in Billion USD), 2025-2033
- Figure 10: Global: Engineered Wood Market Forecast: Average Prices (in USD/Cubic Metre), 2025-2033
- Figure 11: Global: Plywood Market: Production Volume (in Million Cubic Metres), 2019-2024
- Figure 12: Global: Plywood Market: Production Value (in Billion USD), 2019-2024
- Figure 13: Plywood Manufacturing: Price Structure
- Figure 14: Global: Plywood Market: Average Prices (in USD/Cubic Metre), 2019-2024
- Figure 15: Global: Plywood Market Forecast: Average Prices (in USD/Cubic Metre), 2025-2033
- Figure 16: Global: Plywood Market: Production Breakup by Region (in %), 2024
- Figure 17: Global: Plywood Market: Breakup by Residential and Commercial Application (in %), 2024
- Figure 18: Global: Plywood Market: Breakup by New Construction and Replacement Sector (in %), 2024
- Figure 19: Global: Plywood Market Forecast: Production Volume (in Million Cubic Metres), 2025-2033
- Figure 20: Global: Plywood Market Forecast: Production Value (in Billion USD), 2025-2033
- Figure 21: Global: Plywood Industry: SWOT Analysis
- Figure 22: Global: Plywood Industry: Value Chain Analysis
- Figure 23: Global: Plywood Industry: Porter's Five Forces Analysis
- Figure 24: Asia-Pacific: Plywood Market: Production Volume (in Million Cubic Metres), 2019 & 2024
- Figure 25: Asia-Pacific: Plywood Market Forecast: Production Volume (in Million Cubic Metres), 2025-2033
- Figure 26: North America: Plywood Market: Production Volume (in Million Cubic Metres), 2019 & 2024
- Figure 27: North America: Plywood Market Forecast: Production Volume (in Million Cubic Metres), 2025-2033
- Figure 28: Europe: Plywood Market: Production Volume (in Million Cubic Metres), 2019 & 2024
- Figure 29: Europe: Plywood Market Forecast: Production Volume (in Million Cubic Metres), 2025-2033
- Figure 30: Latin America: Plywood Market: Production Volume (in Million Cubic Metres), 2019 & 2024
- Figure 31: Latin America: Plywood Market Forecast: Production Volume (in Million Cubic Metres), 2025-2033
- Figure 32: Middle East and Africa: Plywood Market: Production Volume (in Million Cubic Metres), 2019 & 2024
- Figure 33: Middle East and Africa: Plywood Market Forecast: Production Volume (in Million Cubic Metres), 2025-2033
- Figure 34: Global: Plywood Market: Residential Applications (in Million Cubic Metres), 2019 & 2024
- Figure 35: Global: Plywood Market Forecast: Residential Applications (in Million Cubic Metres), 2025-2033
- Figure 36: Global: Plywood Market: Commercial Applications (in Million Cubic Metres), 2019 & 2024
- Figure 37: Global: Plywood Market Forecast: Commercial Applications (in Million Cubic Metres), 2025-2033
- Figure 38: Global: Plywood Market: New Construction Applications (in Million Cubic Metres), 2019 & 2024
- Figure 39: Global: Plywood Market Forecast: New Construction Applications (in Million Cubic Metres), 2025-2033
- Figure 40: Global: Plywood Market: Replacement Applications (in Million Cubic Metres), 2019 & 2024
- Figure 41: Global: Plywood Market Forecast: Replacement Applications (in Million Cubic Metres), 2025-2033
- Figure 42: Global: Marine Plywood Market: Value Trends (in Billion USD), 2019-2024
- Figure 43: Global: Marine Plywood Market: Breakup by Marine and Non-Marine Application (in %), 2024
- Figure 44: Global: Marine Plywood Market: Marine Applications (in Billion USD), 2019-2024
- Figure 45: Global: Marine Plywood Non-Marine Applications Market (in Billion USD), 2019-2024
- Figure 46: Global: Marine Plywood Market: Breakup by Key Marine Applications (in %), 2024
- Figure 47: Global: Marine Plywood Market Forecast: Value Trends (in Billion USD), 2025-2033
- Figure 48: Global: Marine Plywood Market Forecast: Marine Applications (in Billion USD), 2025-2033
- Figure 49: Global: Marine Plywood Market Forecast: Non-Marine Applications (in Billion USD), 2025-2033
- Figure 50: Plywood Manufacturing: Detailed Process Flow
- Figure 51: Plywood Manufacturing: Conversion Rates of Feedstocks
- Figure 52: Plywood Manufacturing Plant: Breakup of Capital Costs (in %)
- Figure 53: Plywood Industry: Margins Across Various Stages of the Supply Chain
- Figure 54: Plywood Production: Manufacturing Cost Breakup (in %)
List of Tables
- Table 1: Global: Engineered Wood Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Plywood Market: Key Industry Highlights, 2024 and 2033
- Table 3: Global: Plywood Market Forecast: Breakup by Region (in Million Cubic Metres), 2025-2033
- Table 4: Global: Plywood Market Forecast: Breakup by Residential and Commercial Application (in Million Cubic Metres), 2025-2033
- Table 5: Global: Plywood Market Forecast: Breakup by New Construction and Replacement Sector (in Million Cubic Metres), 2025-2033
- Table 6: Global: Marine Plywood Market: Key Industry Highlights, 2024 and 2033
- Table 7: Plywood Manufacturing Plant: Raw Material Requirements (in CBM/Day)
- Table 8: Global: Plywood Industry: Market Structure
- Table 9: Global: Plywood Market: Production Capacities of Major Players
- Table 10: Plywood Manufacturing Plant: Costs Related to Land and Site Development (in USD)
- Table 11: Plywood Manufacturing Plant: Costs Related to Civil Works (in USD)
- Table 12: Plywood Manufacturing Plant: Machinery Costs (in USD)
- Table 13: Plywood Manufacturing Plant: Raw Material Requirements (in CBM/Day) and Expenditures (in USD/Ton)
- Table 14: Plywood Manufacturing Plant: Costs Related to Salaries and Wages (in USD)
- Table 15: Plywood Manufacturing Plant: Costs Related to Other Capital Investments (in USD)
- Table 16: Details of Financial Assistance Offered by Financial Institutions in India
- Table 17: Plywood Manufacturing Plant: Capital Costs (in USD)
- Table 18: Plywood Manufacturing Plant: Techno-Economic Parameters
- Table 19: Plywood Manufacturing Plant: Income Projections (in USD)
- Table 20: Plywood Manufacturing Plant: Expenditure Projections (in USD)
- Table 21: Plywood Manufacturing Plant: Taxation (in USD/Year)
- Table 22: Plywood Manufacturing Plant: Depreciation (in USD/Year)
- Table 23: Plywood Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in USD)
- Table 24: Plywood Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in USD)
- Table 25: Plywood Manufacturing Plant: Profit and Loss Account (in USD/Year)
