PUBLISHER: The Business Research Company | PRODUCT CODE: 1931630
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931630
Softwood veneer and plywood are engineered wood products made up of multiple thin layers of wood bonded together to create a flat panel. These products are produced through a process that involves peeling thin sheets and assembling them with adhesives under heat and pressure. Softwood veneer and plywood are strong, dimensionally stable, and versatile boards that offer improved resistance to warping and splitting.
The main types of softwood veneer and plywood products include softwood veneer, softwood plywood, laminated veneer lumber (LVL), and others. Softwood veneer is an extremely thin layer of wood sliced from softwood trees such as pine, fir, or spruce. It is sourced from various wood species, including pine, spruce, Douglas fir, larch, hemlock, cedar, mixed species, and more, and is distributed through direct sales, distributors and wholesalers, building material retailers, online retail, and other channels. These products serve multiple end-use industries, including residential construction, commercial construction, industrial construction, the furniture industry, packaging, shipbuilding, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are influencing the softwood veneer and plywood market by increasing costs of imported logs, veneers, adhesives, and processing machinery used across plywood and laminated wood products. Construction sectors in North America and Europe are most affected due to cross-border timber trade dependencies, while Asia-Pacific faces pricing pressure on plywood exports. These tariffs are increasing material costs and affecting project margins. However, they are also encouraging domestic timber sourcing, regional manufacturing expansion, and investment in sustainable forestry operations.
The softwood veneer and plywood market research report is one of a series of new reports from The Business Research Company that provides softwood veneer and plywood market statistics, including softwood veneer and plywood industry global market size, regional shares, competitors with a softwood veneer and plywood market share, detailed softwood veneer and plywood market segments, market trends and opportunities, and any further data you may need to thrive in the softwood veneer and plywood industry. This softwood veneer and plywood market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The softwood veneer and plywood market size has grown strongly in recent years. It will grow from $93.49 billion in 2025 to $100.43 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to expansion of residential construction, growth in commercial building projects, availability of plantation-grown softwood, rising demand for cost-effective building materials, advancements in wood processing techniques.
The softwood veneer and plywood market size is expected to see strong growth in the next few years. It will grow to $132.3 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing adoption of sustainable construction practices, rising demand for prefabricated building materials, expansion of green building certifications, growing use of engineered wood in infrastructure, technological improvements in veneer bonding processes. Major trends in the forecast period include increasing demand for engineered wood products, rising adoption of structural plywood solutions, growing use of certified sustainable wood, expansion of high-strength laminated products, enhanced focus on dimensional stability.
The growing building and construction industry is expected to propel the growth of the softwood veneer and plywood market going forward. The building and construction industry refers to the work of designing, building, and maintaining all types of structures and infrastructure. The growth in the building and construction industry is driven by rapid urbanization, which increases the demand for residential, commercial, and infrastructure development as more people move to cities. Softwood veneer and plywood play a beneficial role in the building and construction industry by providing strong, lightweight, and cost-effective materials for structural frameworks, flooring, roofing, and interior applications. For instance, in June 2024, according to a report published by TST Europe, a Switzerland-based manufacturing company, total construction spending in the U.S. rose to $1.98 trillion in 2023, marking a 7.4% increase compared to the previous year. Therefore, the growing building and construction industry is driving the growth of the softwood veneer and plywood market.
Major companies operating in the softwood veneer and plywood market are focusing on developing advanced solutions, such as bio-based adhesive technology, to enhance product sustainability, reduce environmental impact, and meet rising consumer and regulatory demands for non-toxic, eco-friendly building materials. Bio-based adhesive technology refers to making glue from natural, renewable materials such as plants, using safer and more environmentally friendly ingredients instead of harmful chemicals. For instance, in May 2025, Koskisen Oyj, a Finland-based manufacturing company, launched Zero ThinPly, a sustainable thin plywood product made without added formaldehyde, phenolic chemicals, or urea. It uses a bio-based adhesive developed in collaboration with Plantics, replacing traditional fossil-based glues. This launch aims to promote safer material use, support circular economy practices, and meet the growing market demand for environmentally responsible construction and furniture solutions.
In February 2024, Raute Corporation, a Finland-based company partnered with Paged Eesti OU to take over comprehensive maintenance, spare parts management, and development support for Paged Eesti's plywood production machinery to improve operational efficiency and reliability. Through this collaboration, Raute assumed comprehensive responsibility for the maintenance, spare parts, consumables, and small development activities of Paged Eesti's plywood production machinery, including the transfer of the mill's maintenance personnel to Raute. With this agreement, Raute and Paged Eesti aim to enhance production reliability, operational efficiency, and lifecycle performance at the plywood mill, thereby supporting stable and efficient manufacturing of veneer and plywood products. Paged Eesti OU is an Estonia-based plywood manufacturer operating under the Paged Group, which produces veneer and plywood products, including softwood-based plywood, for furniture, construction, and industrial applications.
Major companies operating in the softwood veneer and plywood market are Georgia-Pacific LLC, Metsa Wood, Arauco, Tolko Industries Ltd., Murphy Company, Century Plyboards Limited, Timber Products Pvt. Ltd., Greenply Industries Limited, Jaya Tiasa Holdings Berhad, GREENPANEL INDUSTRIES LIMITED, Juken New Zealand Ltd., Archidply Industries Ltd., Hardel Mutual Plywood Corporation, UPM-Kymmene Corporation. , Bydgoszcz Plywood Factory, Pacific Woodtech Corporation, Roseburg Forest Products Co., Shin Yang Group Berhad, Deluxe Plywood Pvt. Ltd., Murphy Company
North America was the largest region in the softwood veneer and plywood market in 2025. The regions covered in the softwood veneer and plywood market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the softwood veneer and plywood market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The softwood veneer and plywood market consists of sales of film-faced plywood, veneer core panels, sheathing plywood, plywood underlayment, and pressure-treated plywood. Values in this market are 'factory gate' values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Softwood Veneer And Plywood Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses softwood veneer and plywood market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for softwood veneer and plywood ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The softwood veneer and plywood market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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