Plywood is a wood panel material manufactured from thin layers or "plies" of wood veneer that are glued together with adjacent layers having their wood grain rotated up to 90 degrees to one another. It is an engineered wood from the family of manufactured boards which includes medium-density fibreboard (MDF) and particle board (Chipboard). Plywood has been manufactured since the 19th century and is one of the most widely used wood products globally. It finds applications in construction for use in flooring, doors, cabinets, and specialist applications like marine construction where its structural integrity and water resistance provides advantages.

Market Dynamics:

Growth in the construction sector remains the key driver propelling demand for plywood globally. Rapid urbanization and infrastructure development projects especially in developing Asian markets is translating to increased consumption of plywood for applications in formwork, shuttering, flooring and structural uses. Meanwhile, the market also benefits from the product’s advantages over solid wood like uniform strength, stability of dimensions, resistance to cracking, and warping which have supported its uptake. However, volatile raw material prices pose a challenge as wood costs impact plywood prices too. Also, the market sees restraints from growing adoption of engineered wood products and other substitutes. On the positive side, ongoing product innovation towards moisture resistant grades and focus on sustainability offer new opportunities in the coming years.

Key features of the study:

• This report provides in-depth analysis of the global plywood market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global plywood market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Century Plyboard (India) Ltd, Atlantic Plywood Corporation, Greenply Industries Ltd., Weyerhaeuser Company, Eksons Corp. Bhd., Roseburg Forest Products Co., Uniply Industries Ltd., Boise Cascade LLC, Ainsworth Lumber Co. Ltd., Georgia-Pacific Corporation, Austal plywoods private limited, Eksons corporation berhad, Latvijas fineries AS, Metas wood, Potlatch Deltic corporation, SVEZA forest, UPM Kymmene Oyj, and Weyerhaeuser company limited
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global plywood market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global plywood market

Detailed Segmentation-

• By Product Type:
• • Softwood Plywood
  • Hardwood Plywood
  • Engineered Plywood
• By Application:
• • Construction
  • Furniture Manufacturing
  • Packaging
  • Automotive
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Century Plyboard (India) Ltd
  • Atlantic Plywood Corporation
  • Greenply Industries Ltd.
  • Weyerhaeuser Company
  • Eksons Corp. Bhd.
  • Roseburg Forest Products Co.
  • Uniply Industries Ltd.
  • Boise Cascade LLC
  • Ainsworth Lumber Co. Ltd.
  • Georgia-Pacific Corporation
  • Austal plywoods private limited
  • Eksons corporation berhad
  • Latvijas fineries AS
  • Metas wood
  • Potlatch Deltic corporation
  • SVEZA forest
  • UPM Kymmene Oyj
  • Weyerhaeuser company limited