The Plywood Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Plywood Market?
The Plywood Global Market Report 2025 indicates that the market size for plywood expanded significantly in the past few years. The market value is projected to increase from $127.19 billion in 2024 to $135.61 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Plywood Industry?
The Plywood Global Market Report 2025 predicts that by 2029, the market size will expand to $169.8 billion, with a Compound Annual Growth Rate (CAGR) of 5.8%.
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What are the Key Growth Drivers Fueling the Plywood Market?
The key drivers in the plywood market are:
• Government support in the plywood industry
• Rising renovation activities fueling demand for plywood
• Increased urbanization driving a higher demand for wooden furniture
• Advancements in technology and product innovations, particularly in plywood production
Global Market Segmentation: Identifying Major Plywood Industry Segments
The plywood market covered in this report is segmented –
1) By Type: Softwood, Hardwood
2) By Application: Furniture, Building And Construction, Transportation, Packaging, Other Applications
3) By End-User: Residential, Commercial
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What are the Emerging Trends Shaping the Future of the Plywood Market?
The key trends in the plywood market are:
• Technological advancements and product innovations are becoming prevalent in the plywood market.
• The use of biodegradable chemicals for wood preservation is an emerging trend.
• There's a trend towards developing specialty plywood such as termite-free, waterproof, and fire-resistant types.
• The market is experiencing occurrences of new plant expansions and increased collaborations and acquisitions.
Who Are the Top Competitors & Leading Players in the Plywood Market?
Major companies in the plywood market are:
• UPM-Kymmene Oyj
• Boise Cascade Company
• Metsä Group
• West Fraser Timber Co. Ltd
• Weyerhaeuser Company
• Georgia-Pacific, LLC
• Greenply Industries Limited
• Sveza-Les LLC
• Austal Plywoods Private Limited
• Century Plyboards India Ltd
• Kitply
• Sarda Plywood
• National Plywood
• Kamdhenu Plywood
• Oriental Veneer Products Ltd
• Luli Group
• Yingang Wood Based Panel Co Ltd
• CNSIC
• Shandong Xingang Group
• Xinle Plywood Group
• Jiangsu Shengyang Industrial Joint Stock Co Ltd
• Specialized Panel Products Ltd
• Ply-Tek
• Caledonian Plywood Company
• Holdex Plywood Ltd
• Stonebridge UK Ltd
• Sydenhams Plywood & Panel Products
• Viking Plywood & Timber Ltd
• Timb Ply Ltd
• Stora Enso
• Russia Forest Products
• Wotan Forest a.s
• UNILES Inc
• Segezha Group
• KPPD-Szczecinek SA
• Ilim Timber LLC
• West Fraser Allendale
• Canfor Corporation
• Hancock Timber Resource Group
• RSH Forest Products
• PotlatchDeltic Corporation
• Sierra Pacific
• Berneck
• Araupel
• Linea Parana Madeiras Ltda
• Imaribo
• Middle East Wood
• Mazi Orman Urunleri Ltd
• Dastas Demircioglu Agac AS
• Daco Parquet Factory AS
• Gabon Veneer
• Merensky
• Miro Forestry
• Timber Products
• United Forest Products
• Afeefa Overseas Sarl Gabon
• Okoume Face Veneer
• Brick Plyboards
• Boschetto Timbers
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the plywood market in 2024
