PUBLISHER: Market Research Future | PRODUCT CODE: 1532343
PUBLISHER: Market Research Future | PRODUCT CODE: 1532343
Australia & New Zealand Plywood Market Research Report Data Analysis by type (softwood plywood and hardwood plywood), By application (furniture, flooring & construction, automotive interiors, packaging, and others), By end use (residential, commercial, industrial), and by country (Australia and New Zealand) -Forecast Till 2032
According to projections, the plywood sector would expand at a compound annual growth rate (CAGR) of 4.3% from USD 1,108.0 million in 2024 to USD 1,555.7 million by 2032.
Growing demand from end-user industries and an increase in the number of residential and commercial projects are anticipated to propel the expansion of the plywood market in Australia and New Zealand. However, throughout the projection period, the Australia & New Zealand plywood market will present attractive prospects due to factors including rising government spending in the construction sector.
The plywood market in Australia and New Zealand is primarily driven by the increase in residential and commercial developments. Plywood is in high demand throughout the region for use in the production of furniture and building supplies. Plywood is a great material to utilize in both residential and commercial settings because of its exceptional qualities, which include high strength, increased dependability, improved stability, and improved impact resistance. Furthermore, plywood is utilized in the production of wall and floor coverings for both residential and commercial areas. Additionally, the market is being positively impacted by the expanding use of plywood in residential and commercial spaces as a result of rising living standards and individual income levels. Moreover, throughout the anticipated period, the market's expansion will be further propelled by the increasing fundings for residential and commercial projects.
Insights on Market Segments
The Australia & New Zealand Plywood market is segmented based on type, with hardwood and softwood plywood included.
Based on application, the plywood market in Australia and New Zealand is divided into segments: furniture, flooring & construction, automobile interiors, packaging, and others.
Residential, commercial, and industrial end uses are included in the plywood market size section.
Regional Perspectives
The plywood market research offers insights into the Australian and New Zealand markets broken down by country. Australia's plywood market has experienced rapid growth in recent years due to a number of causes. In Australia, plywood is widely utilized for a variety of structural uses, including wall sheathing, flooring, and roofing. Australia's growing population, urbanization, and robust construction industries have all contributed significantly to the country's plywood product demand. In addition, the nation's propensity for home, business, and industrial remodeling and restoration projects has increased demand for plywood for both interior and exterior uses.
Leading producer of structural plywood, New Zealand has been exporting its goods to many worldwide markets, especially in the Asia-Pacific area. The business in the nation has a lot of room to grow because to demand from nations like China, Vietnam, Japan, and others.
UPM-KYMMENE (Wisa Plywood), Koskisen, Metsa Group, CHH Plywood, Big River Group, Plywood Australia Pty Ltd, Austral Plywoods, Plyco, Auswood International Pty Ltd, and IPL Plywood Ltd are some of the major players and key companies in the plywood market.