PUBLISHER: Renub Research | PRODUCT CODE: 1408283
PUBLISHER: Renub Research | PRODUCT CODE: 1408283
Global Plywood Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Global Plywood Market Size is anticipated to reach US$ 83.51 Billion by 2030, according to Renub Research. Plywood is a flat sheet made from wood veneers glued together. While it can be adapted to various uses, the standard product comprises at least three plies, with the grooves in the alternate plies crossing at right angles. Plywood is a highly adaptable material utilized for various structural, interior, and external applications ranging from framework to internal paneling. Plywood can withstand a relatively uncommon short-term overload of up to double the design capacity as a wood-based material. This is important in areas where earthquake activity or hurricanes usually occur. This property can also be utilized to create construction flooring or concrete structures.
The increasing demand for plywood market price due to the growing number of distribution networks and exclusive outlets of premium furniture manufacturers represents one of the primary factors positively influencing the market worldwide. The rising integration of technologically advanced production methods to manufacture plywood with improved features, such as flexible plywood, propels the market's growth. The growing utilization of plywood for making partitions and false ceilings in houses and office spaces offers a favorable market outlook globally.
Global Plywood Market is expected to grow at a CAGR of 6.06% from 2024 to 2030
There is a rise in the demand for eco-friendly, cost-efficient, durable, smooth, and flexible materials among individuals worldwide. This, coupled with various technological advancements in plywood to increase its flexibility and resistance properties, contributes to the market's growth. The increasing Application of plywood-based products, such as desks, almirahs, and cabinets, in offices and commercial areas worldwide is bolstering the market's development.
The increasing demand for designer and high-quality furniture that does not break easily and provides aesthetic appeal among the masses and the inflating income level of individuals worldwide is propelling the market's growth. In addition, the rising employment of plywood in manufacturing concrete shuttering, doors, stairs, stringers, seating's, framing, interior fixtures, external cladding, interior rails and handrails, 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. The rise in spending on interior designing and the growing interest of homeowners in home decor and aesthetic furnishings, particularly in developed and high-income countries such as the United States, Canada, France, and Japan, is affecting plywood sales. Furthermore, due to the easy availability of raw materials and cheap labor, the large consumption and production of plywood in countries like China and India are driving market growth. Global Plywood Market was valued at US$ 55.33 Billion in 2023.
Softwood's market share will dominate in the upcoming years
By Type, Global Plywood Market is segmented into Hardwood and Softwood. The softwood segment will lead the market, securing the most substantial revenue share over the entire forecast period. As demands for softwood products continue to rise, driven by various industries such as construction, furniture, and packaging, this segment stands at the forefront. Its dominance is attributed to softwood's versatility, durability, and widespread applications in diverse sectors. With a consistent and robust market presence, the softwood segment is anticipated to play a pivotal role in shaping the market landscape, meeting the evolving needs of industries, and contributing significantly to overall market revenue.
Mr. Grade (Moisture Resistant) captured the highest market in the Plywood industry globally
By Grade, Global Plywood Market is divided into Mr. Grade (Moisture Resistant), Bwr Grade (Boiling Water Resistant), Fire Resistant Grade, Structural Grade, and Others. The MR-grade plywood segment is experiencing a remarkable surge in revenue growth over the forecast period. This is due to its exceptional strength, durability, and moisture resistance properties, which make it an ideal choice for furniture and other interior fixtures in the construction industry. With the increasing demand for high-quality and designer furniture that provides aesthetic appeal and longevity, the MR-grade plywood market is witnessing substantial growth. Moreover, the growing awareness about using eco-friendly products further drives the demand for this plywood segment. These factors are expected to propel the growth of the MR-grade plywood segment in the coming years.
Construction segment dominates the Plywood market with the largest share
By Application, the Global Plywood Market is classified into Construction, Furniture, Packaging, Flooring, Transport, Decoration, and Others. The construction segment has emerged as the dominant player in the plywood market, holding the largest market. Plywood is a versatile material widely used in the construction industry for its high strength, durability, and cost-effectiveness. The construction industry demands plywood for various applications, including roofing, flooring, and wall paneling. With the increasing focus on infrastructural development and urbanization, the demand for plywood in the construction segment will remain high in the coming years. Furthermore, the growing trend of eco-friendly construction practices drives the demand for sustainable plywood products, creating new opportunities for the market players.
China Plywood market is expected to dominate throughout the forecast period
By Company, Global Plywood Market is split into North America (United States, Canada and Mexico), Europe (United Kingdom, France, Germany, Italy, Netherland, Belgium, Spain, Switzerland, Turkey), Asia Pacific (India, China, Japan, South Korea, Indonesia, Malaysia, Hong Kong, Australia, New Zealand), South America (Brazil & Argentina), Middle East & Africa (Saudi Arabia, Israel, South Africa) and Rest of World. The plywood market in China has been witnessing steady growth over the years, owing to the country's thriving construction industry. The use of plywood is widespread in the construction sector for its versatility, high strength, and cost-effectiveness. China's plywood market is expected to maintain its dominance over the entire forecast period, driven by the increasing demand for plywood in the construction industry. Moreover, the growing trend of eco-friendly construction practices in the country is further fueling the demand for sustainable plywood products, creating new opportunities for market players. The plywood market is also witnessing a shift towards advanced manufacturing technologies, expected to drive growth in the coming years.
Key Player
Boise Cascade, Weyerhaeuser Company Ltd, UPM-Kymmene, Potlatchdeltic Corporation, Metsa Board, Century Plyboards Ltd, and Greenply Industries Ltd are prominent player covered in the global plywood market report.
Renub Research new report titled "Global Plywood Market & Volume" By Type (Hardwood and Softwood), By Grade (Mr Grade (Moisture Resistant), Bwr Grade (Boiling Water Resistant), Fire Resistant Grade, Structural Grade and Others), By Application (Construction, Furniture, Packaging, Flooring, Transport, Decoration and Others), Country (North America (United States, Canada and Mexico), Europe (United Kingdom, France, Germany, Italy, Netherland, Belgium, Spain, Switzerland, Turkey), Asia Pacific (India, China, Japan, South Korea, Indonesia, Malaysia, Hong Kong, Australia, New Zealand), South America (Brazil & Argentina), Middle East & Africa (Saudi Arabia, Israel, South Africa) and Rest of World), Company Analysis (Boise Cascade, Weyerhaeuser Company Ltd, UPM-Kymmene, Potlatchdeltic Corporation, Metsa Board, Century Plyboards Ltd and Greenply Industries Ltd.)" provides current trends of the Worldwide Plywood Industry.
Type - Market breakup of 2 viewpoint
- 1. Hardwood
- 2. Softwood
Grade - Market breakup of 5 viewpoint
- 1. Mr Grade (Moisture Resistant)
- 2. Bwr Grade (Boiling Water Resistant)
- 3. Fire Resistant Grade
- 4. Structural Grade
- 5. Others
Application - Market breakup of 7 viewpoint
- 1. Construction
- 2. Furniture
- 3. Packaging
- 4. Flooring
- 5. Transport
- 6. Decoration
- 7. Others
Country - Breakup of 27 country Plywood market
- 1. North America
- 1.1. United States
- 1.2. Canada
- 2. Europe
- 2.1. United Kingdom
- 2.2. France
- 2.3. Germany
- 2.4. Italy
- 2.5. Netherland
- 2.6. Belgium
- 2.7. Spain
- 2.8. Switzerland
- 2.9. Turkey
- 3. Asia Pacific
- 3.1. India
- 3.2. China
- 3.3. Japan
- 3.4. South Korea
- 3.5. Indonesia
- 3.6. Malaysia
- 3.7. Hong Kong
- 3.8. Australia
- 3.9. New Zealand
- 4. Latin America
- 4.1. Brazil
- 4.2. Mexico
- 4.3. Argentina
- 5. Middle East & Africa
- 5.1. Saudi Arabia
- 5.2. Israel
- 5.3. South Africa
- 6. Rest of World
All companies have been covered from 3 viewpoints
- Overviews
- Recent Development
- Revenues
Company Analysis
- 1. Boise Cascade
- 2. Weyerhaeuser Company Ltd
- 3. UPM-Kymmene
- 4. Potlatchdeltic Corporation
- 5. Metsa Board
- 6. Century Plyboards Ltd
- 7. Greenply Industries Ltd
Table of Contents
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Plywood Market
6. Market Share - Global Plywood Market
- 6.1 By Type
- 6.2 By Grade
- 6.3 By Application
- 6.4 By Countries
7. Type - Global Plywood Market
- 7.1 Hardwood
- 7.2 Softwood
8. Grade - Global Plywood Market
- 8.1 MR Grade (Moisture Resistant)
- 8.2 BWR Grade (Boiling Water Resistant)
- 8.3 Fire Resistant Grade
- 8.4 Structural Grade
- 8.5 Others
9. Application - Global Plywood Market
- 9.1 Construction
- 9.2 Furniture
- 9.3 Packaging
- 9.4 Flooring
- 9.5 Transport
- 9.6 Decoration
- 9.7 Others
10. Country - Global Plywood Market
- 10.1 North America
- 10.1.1 United States
- 10.1.2 Canada
- 10.2 Europe
- 10.2.1 United Kingdom
- 10.2.2 France
- 10.2.3 Germany
- 10.2.4 Italy
- 10.2.5 Netherland
- 10.2.6 Belgium
- 10.2.7 Spain
- 10.2.8 Switzerland
- 10.2.9 Turkey
- 10.3 Asia Pacific
- 10.3.1 India
- 10.3.2 China
- 10.3.3 Japan
- 10.3.4 South Korea
- 10.3.5 Indonesia
- 10.3.6 Malaysia
- 10.3.7 Hong Kong
- 10.3.8 Australia
- 10.3.9 New Zealand
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.2 Mexico
- 10.4.3 Argentina
- 10.5 Middle East & Africa
- 10.5.1 Saudi Arabia
- 10.5.2 Israel
- 10.5.3 South Africa
- 10.6 Rest of World
11. Porter's Five Analysis - Global Plywood Market
- 11.1 Bargaining Power of Buyers
- 11.2 Bargaining Power of Suppliers
- 11.3 Degree of Rivalry
- 11.4 Threat of New Entrants
- 11.5 Threat of Substitutes
12. SWOT Analysis - Global Plywood Market
- 12.1 Strength
- 12.2 Weakness
- 12.3 Opportunity
- 12.4 Threat
13. Key Players
- 13.1 Boise Cascade
- 13.1.1 Overview
- 13.1.2 Recent Development
- 13.1.3 Revenue
- 13.2 Weyerhaeuser Company Ltd
- 13.2.1 Overview
- 13.2.2 Recent Development
- 13.2.3 Revenue
- 13.3 UPM-Kymmene
- 13.3.1 Overview
- 13.3.2 Recent Development
- 13.3.3 Revenue
- 13.4 Potlatchdeltic Corporation
- 13.4.1 Overview
- 13.4.2 Recent Development
- 13.4.3 Revenue
- 13.5 Metsa Board
- 13.5.1 Overview
- 13.5.2 Recent Development
- 13.5.3 Revenue
- 13.6 Century Plyboards Ltd.
- 13.6.1 Overview
- 13.6.2 Recent Development
- 13.6.3 Revenue
- 13.7 Green ply Industries Ltd.
- 13.7.1 Overview
- 13.7.2 Recent Development
- 13.7.3 Revenue
List of Figures
- Figure-01: Global - Plywood Market (Billion US$), 2018 - 2023
- Figure-02: Global - Forecast for Plywood Market (Billion US$), 2024 - 2030
- Figure-03: Type - Hardwood Market (Million US$), 2018 - 2023
- Figure-04: Type - Forecast for Hardwood Market (Million US$), 2024 - 2030
- Figure-05: Type - Softwood Market (Million US$), 2018 - 2023
- Figure-06: Type - Forecast for Softwood Market (Million US$), 2024 - 2030
- Figure-07: Grade - MR Grade (Moisture Resistant) Market (Million US$), 2018 - 2023
- Figure-08: Grade - Forecast for MR Grade (Moisture Resistant) Market (Million US$), 2024 - 2030
- Figure-09: Grade - BWR Grade (Boiling Water Resistant) Market (Million US$), 2018 - 2023
- Figure-10: Grade - Forecast for BWR Grade (Boiling Water Resistant) Market (Million US$), 2024 - 2030
- Figure-11: Grade - Fire Resistant Grade Market (Million US$), 2018 - 2023
- Figure-12: Grade - Forecast for Fire Resistant Grade Market (Million US$), 2024 - 2030
- Figure-13: Grade - Structural Grade Market (Million US$), 2018 - 2023
- Figure-14: Grade - Forecast for Structural Grade Market (Million US$), 2024 - 2030
- Figure-15: Grade - Others Market (Million US$), 2018 - 2023
- Figure-16: Grade - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-17: Application - Construction Market (Million US$), 2018 - 2023
- Figure-18: Application - Forecast for Construction Market (Million US$), 2024 - 2030
- Figure-19: Application - Furniture Market (Million US$), 2018 - 2023
- Figure-20: Application - Forecast for Furniture Market (Million US$), 2024 - 2030
- Figure-21: Application - Packaging Market (Million US$), 2018 - 2023
- Figure-22: Application - Forecast for Packaging Market (Million US$), 2024 - 2030
- Figure-23: Application - Flooring Market (Million US$), 2018 - 2023
- Figure-24: Application - Forecast for Flooring Market (Million US$), 2024 - 2030
- Figure-25: Application - Transport Market (Million US$), 2018 - 2023
- Figure-26: Application - Forecast for Transport Market (Million US$), 2024 - 2030
- Figure-27: Application - Decoration Market (Million US$), 2018 - 2023
- Figure-28: Application - Forecast for Decoration Market (Million US$), 2024 - 2030
- Figure-29: Application - Others Market (Million US$), 2018 - 2023
- Figure-30: Application - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-31: United States - Plywood Market (Million US$), 2018 - 2023
- Figure-32: United States - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-33: Argentina - Plywood Market (Million US$), 2018 - 2023
- Figure-34: Argentina - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-35: Australia - Plywood Market (Million US$), 2018 - 2023
- Figure-36: Australia - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-37: Belgium - Plywood Market (Million US$), 2018 - 2023
- Figure-38: Belgium - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-39: Brazil - Plywood Market (Million US$), 2018 - 2023
- Figure-40: Brazil - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-41: Canada - Plywood Market (Million US$), 2018 - 2023
- Figure-42: Canada - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-43: China - Plywood Market (Million US$), 2018 - 2023
- Figure-44: China - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-45: France - Plywood Market (Million US$), 2018 - 2023
- Figure-46: France - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-47: Germany - Plywood Market (Million US$), 2018 - 2023
- Figure-48: Germany - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-49: India - Plywood Market (Million US$), 2018 - 2023
- Figure-50: India - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-51: Israel - Plywood Market (Million US$), 2018 - 2023
- Figure-52: Israel - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-53: Italy - Plywood Market (Million US$), 2018 - 2023
- Figure-54: Italy - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-55: Japan - Plywood Market (Million US$), 2018 - 2023
- Figure-56: Japan - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-57: Mexico - Plywood Market (Million US$), 2018 - 2023
- Figure-58: Mexico - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-59: Netherland - Plywood Market (Million US$), 2018 - 2023
- Figure-60: Netherland - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-61: Saudi-Arabia - Plywood Market (Million US$), 2018 - 2023
- Figure-62: Saudi-Arabia - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-63: South Africa - Plywood Market (Million US$), 2018 - 2023
- Figure-64: South Africa - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-65: Spain - Plywood Market (Million US$), 2018 - 2023
- Figure-66: Spain - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-67: Switzerland - Plywood Market (Million US$), 2018 - 2023
- Figure-68: Switzerland - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-69: United Kingdom - Plywood Market (Million US$), 2018 - 2023
- Figure-70: United Kingdom - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-71: Turkey - Plywood Market (Million US$), 2018 - 2023
- Figure-72: Turkey - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-73: South Korea - Plywood Market (Million US$), 2018 - 2023
- Figure-74: South Korea - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-75: New Zealand - Plywood Market (Million US$), 2018 - 2023
- Figure-76: New Zealand - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-77: Indonesia - Plywood Market (Million US$), 2018 - 2023
- Figure-78: Indonesia - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-79: Malaysia - Plywood Market (Million US$), 2018 - 2023
- Figure-80: Malaysia - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-81: Hong Kong - Plywood Market (Million US$), 2018 - 2023
- Figure-82: Hong Kong - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-83: Rest of World - Plywood Market (Million US$), 2018 - 2023
- Figure-84: Rest of World - Forecast for Plywood Market (Million US$), 2024 - 2030
- Figure-85: Boise Cascade - Global Revenue Market (Million US$), 2018 - 2023
- Figure-86: Boise Cascade - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-87: Weyerhaeuser Company Ltd - Global Revenue Market (Million US$), 2018 - 2023
- Figure-88: Weyerhaeuser Company Ltd - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-89: UPM-Kymmene - Global Revenue Market (Million US$), 2018 - 2023
- Figure-90: UPM-Kymmene - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-91: Potlatchdeltic Corporation - Global Revenue Market (Million US$), 2018 - 2023
- Figure-92: Potlatchdeltic Corporation - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-93: Metsa Board - Global Revenue Market (Million US$), 2018 - 2023
- Figure-94: Metsa Board - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-95: Century Plyboards Ltd. - Global Revenue Market (Million US$), 2018 - 2023
- Figure-96: Century Plyboards Ltd. - Forecast for Global Revenue Market (Million US$), 2024 - 2030
- Figure-97: Green ply Industries Ltd. - Global Revenue Market (Million US$), 2018 - 2023
- Figure-98: Green ply Industries Ltd. - Forecast for Global Revenue Market (Million US$), 2024 - 2030
List of Tables
- Table-01: Global - Plywood Market Share by Type (Percent), 2018 - 2023
- Table-02: Global - Forecast for Plywood Market Share by Type (Percent), 2024 - 2030
- Table-03: Global - Plywood Market Share by Grade (Percent), 2018 - 2023
- Table-04: Global - Forecast for Plywood Market Share by Grade (Percent), 2024 - 2030
- Table-05: Global - Plywood Market Share by Application (Percent), 2018 - 2023
- Table-06: Global - Forecast for Plywood Market Share by Application (Percent), 2024 - 2030
- Table-07: Global - Plywood Market Share by Countries (Percent), 2018 - 2023
- Table-08: Global - Forecast for Plywood Market Share by Countries (Percent), 2024 - 2030
