Plywood Market Report: Trends, Forecast and Competitive Analysis to 2030

Plywood Trends and Forecast

The future of the global plywood market looks promising with opportunities in the furniture, construction, automotive, packaging, and marine markets. The global plywood market is expected to reach an estimated $68.9 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing construction and housing activities worldwide, increasing demand for sustainable and eco-friendly building materials, and rising applications of this product in furniture manufacturing and interior decor.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Plywood by Segment

The study includes a forecast for the global plywood by type, grade, end use, and region.

Plywood Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Hardwood
• Softwood

Plywood Market by Grade [Shipment Analysis by Value from 2018 to 2030]:

• MR Grade
• BWR Grade
• Fire Resistant Grade
• BWP Grade
• Structural Grade

Plywood Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Furniture
• Construction
• Automotive
• Packaging
• Marine
• Others

Plywood Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Plywood Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies plywood companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plywood companies profiled in this report include-

• Austral Plywoods
• Eksons Corporation
• Boise Cascade
• Georgia Pacific
• Latvijas Fineries
• Metsa Wood
• Potlatch Deltic Corporation

Plywood Market Insights

Lucintel forecasts that hardwood is expected to witness higher growth over the forecast period due to its remarkable robustness, resilience, and adaptability.

Within this market, furniture is expected to witness the highest growth over the forecast period.

APAC will remain the largest region over the forecast period due to increasing investments on industrial, residential, and building and construction projects in the region.

Features of the Global Plywood Market

Market Size Estimates: Plywood market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Plywood market size by type, grade, end use, and region in terms of value ($B).

Regional Analysis: Plywood market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, grades, end uses, and regions for the plywood market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the plywood market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the plywood market size?

Answer: The global plywood market is expected to reach an estimated $68.9 billion by 2030.

Q2. What is the growth forecast for plywood market?

Answer: The global plywood market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the plywood market?

Answer: The major drivers for this market are growing construction and housing activities worldwide, increasing demand for sustainable and eco-friendly building materials, and rising applications of this product in furniture manufacturing and interior decor.

Q4. What are the major segments for plywood market?

Answer: The future of the plywood market looks promising with opportunities in the furniture, construction, automotive, packaging, and marine markets.

Q5. Who are the key plywood market companies?

Answer: Some of the key plywood companies are as follows:

• Austral Plywoods
• Eksons Corporation
• Boise Cascade
• Georgia Pacific
• Latvijas Fineries
• Metsa Wood
• Potlatch Deltic Corporation

Q6. Which plywood market segment will be the largest in future?

Answer: Lucintel forecasts that hardwood is expected to witness higher growth over the forecast period due to its remarkable robustness, resilience, and adaptability.

Q7. In plywood market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to increasing investments on industrial, residential, and building and construction projects in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the plywood market by type (hardwood and softwood), grade (MR grade, BWR grade, fire resistant grade, BWP grade, and structural grade), end use (furniture, construction, automotive, packaging, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?