Authored By: Sarah
20 Nov 2023

Plywood Market to exhibit market growth at a  CAGR of 4.55% through 2023-2027

According to forecasts, the size of the plywood market will grow by USD 13.58 billion between 2022 and 2027, at a compound annual growth rate of 4.55%.

Austral Plywoods Pty. Ltd., Boise Cascade Co., Caledonian Plywood Co. Ltd., Eksons Corp. Berhad, Ets Guy JOUBERT SAS, Georgia Pacific LLC, Greenply Industries Ltd., Hefei Sinoply Wood Co. Ltd., HOXAN Corp., METSA GROUP, PotlatchDeltic Corp., Richard Russell Panels Ltd., Roseburg Forest Products Co., Subur Tiasa Holdings Berhad, Sunchang Corp. are some of the leading names in the Plywood Market Landscape and comes with wide spectrum of offerings.

Plywood Market Segmentation

  • The plywood market is divided into two categories: hardwood and softwood. It further divides the market into sectors, which include replacement and new construction. Geographic segmentation is another feature of the research, which covers North America, Europe, the Middle East and Africa, South America, and Asia Pacific.

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Snapshot of Plywood Market Analysis

  • When it comes to the trending segment of the Plywood Market, hardwood segments will exhibit a gradual increase in the market share during the forecasted period owing to growing need for cost-effective wooden furniture, such as wardrobes, living room furniture, and residential home decor, are significantly driving the hardwood plywood segment. 
  • Geographically,APAC is expected to contribute 67% of the growth of the global market. Over the course of the projection period, the APAC market is anticipated to grow at a quicker rate as roughly 11% of the world market's imports of wood products come from Asia. 

In-depth research of the imarket's revenue projections, along with a look at the major players, market drivers, and development prospects, are all included in Technavio's latest report. Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 4.55%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 13.58 Bn through 2023-2027.

  3. What is a key factor driving this market?
    Increasing residential and commercial construction activities will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, Middle East and Africa, and South America are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    67% growth will originate from APAC.
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