Plywood Market: By Wood Type (Softwood, Hardwood, Sanded, Decorative, Others), By Grade (MR Grade, BWR Grade, Fire Resistant Grade, BWP Grade, Structural Grade, Others), By Application (Furniture, Flooring & Construction, Automotive Interiors, Packaging, Marine, Others), By End-User (Residential, Non-Residential, Others) and By Geography 2019-2030

Purchase Option

$ 4400
$ 6600
$ 8900

The Plywood Market was valued at USD 85,650.0 million in 2023 and grew at 6.2% CAGR over the historical years (2019 - 2023). The Plywood Market is projected to reach USD 131,822.0 million by 2030 at a CAGR of 6.4%. Plywood available in a variety of grades, thicknesses, and widths, making it useful in building, furniture production, cabinetry, packaging, and other industries. It generally comes from both hardwoods and softwoods, and the type of wood used can influence the appearance, strength, and the suitability of the plywood for various applications. Plywood consumption is expected to increase in both emerging and developed markets. Expanding development, urbanization, and infrastructure initiatives will drive market expansion.

In addition, manufacturers will invest in modern manufacturing techniques to improve plywood's quality, durability, and adaptability. Innovative goods will meet evolving industry expectations. Specialized plywood variations, such as those used in modular construction and high-performance applications, will experience an increase in demand as businesses seek personalized solutions.

Recent Developments in the Plywood Market

  • In June 2022 – Boise Cascade Company stated that it had signed an agreement to buy Coastal Plywood Company, comprising two manufacturing facilities, from Coastal Forest Resources Company for $512 million. Furthermore, Coastal offers excellent plywood, lumber, and treated wood goods throughout the eastern United States. The acquisition agreement comprises operations in Havana, Florida, and Chapman, Alabama, with around 750 people.
  • In December 2022 – Martco, LLC, the parent company of RoyOMartin, a third-generation family-owned wood sourcing and manufacturing company, recently announced a $9.5 million investment in cutting-edge production equipment for its Natchitoches Parish timber plant.

Plywood Market Summary

Study Period

2024– 2030

Base Year

2023

CAGR

6.5%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Plywood Market Dynamics

The number of buildings is steadily increasing over the world. This is largely due to growing global population and fast urbanization. For example, the United States Department of dwelling and Urban Development estimates that 1,469,800 dwelling units are expected to be granted via construction permits in the United States in 2023. Wood-based panels are used in such buildings for flooring, furniture, doors, and windows, among other things. As a result, an increase in building construction is expected to boost demand for plywood. The plywood business is seeing rapid expansion because of factors like as rising housing demand, rising disposable income, and advancements in the e-commerce industry. The rise of manufacturing industries increases demand for flat commodities such as plywood, which could benefit the plywood industry. The expanding hospitality industry is driving up the demand for plywood. Furthermore, growing construction activity and infrastructure development in nations such as India and China have the potential to significantly enhance the plywood market. For example, DURO Ply Industries Ltd., a seasoned plywood manufacturer, continues to transform the market with creative ways. The most current product, the DURO PLUS, is the sole plywood choice offered in India. The DURO PLUS is a one-of-a-kind plywood that measures 9 and 10 feet, the most common dimensions for block boards and doors. However, Fluctuating wood prices have an impact on production costs and overall profitability in the plywood sector. In addition, Stricter sustainability standards necessitate compliance, which raises production and sourcing issues.

Plywood Market Segmentation

By Wood Type
  • Softwood
  • Hardwood
  • Sanded
  • Decorative
  • Others
By Grade
  • MR Grade
  • BWR Grade
  • Fire Resistant Grade
  • BWP Grade
  • Structural Grade
  • Others
By Application
  • Furniture
  • Flooring & Construction
  • Automotive Interiors
  • Packaging
  • Marine
  • Others
By End User
  • Residential
  • Non-Residential
  • Others

Frequently Asked Questions

The Plywood Market was valued at USD 85,650.0 million in 2023 and is projected to reach USD 131,822.0 million by 2030, growing at a CAGR of 6.5%.

Plywood is in high demand for structural and decorative applications due to expanding infrastructure and real estate projects.

The expected trends in the global plywood market include urbanization and population growth.

Market research is segmented based on wood type, grade, application, end-user and region.

Asia-Pacific is estimated to have highest share with the highest CAGR over the forecast period.

Key Features of the Reports

  • The report provides granular level information about the Market size, regional Market share, historic Market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key Market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the Market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the Market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
1. Executive Summary
2. Global Plywood Market Introduction 
2.1.Global Plywood Market  - Taxonomy
2.2.Global Plywood Market  - Definitions
2.2.1.Wood Type
2.2.2.Grade
2.2.3.Application
2.2.4.End User
2.2.5.Region
3. Global Plywood Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Plywood Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Plywood Market  By Wood Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Softwood
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Hardwood
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Sanded
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Decorative
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Others
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6. Global Plywood Market  By Grade, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. MR Grade
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. BWR Grade
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Fire Resistant Grade
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. BWP Grade
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Structural Grade
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7. Global Plywood Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Furniture
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Flooring & Construction
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Automotive Interiors
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Packaging
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Marine
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Others
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
8. Global Plywood Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Residential
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Non-Residential
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Others
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
9. Global Plywood Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10. North America Plywood Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Wood Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Softwood
10.1.2.Hardwood
10.1.3.Sanded
10.1.4.Decorative
10.1.5.Others
10.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.MR Grade
10.2.2.BWR Grade
10.2.3.Fire Resistant Grade
10.2.4.BWP Grade
10.2.5.Structural Grade
10.2.6.Others
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Furniture
10.3.2.Flooring & Construction
10.3.3.Automotive Interiors
10.3.4.Packaging
10.3.5.Marine
10.3.6.Others
10.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Residential
10.4.2.Non-Residential
10.4.3.Others
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11. Europe Plywood Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Wood Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Softwood
11.1.2.Hardwood
11.1.3.Sanded
11.1.4.Decorative
11.1.5.Others
11.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.MR Grade
11.2.2.BWR Grade
11.2.3.Fire Resistant Grade
11.2.4.BWP Grade
11.2.5.Structural Grade
11.2.6.Others
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Furniture
11.3.2.Flooring & Construction
11.3.3.Automotive Interiors
11.3.4.Packaging
11.3.5.Marine
11.3.6.Others
11.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Residential
11.4.2.Non-Residential
11.4.3.Others
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12. Asia Pacific (APAC) Plywood Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Wood Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Softwood
12.1.2.Hardwood
12.1.3.Sanded
12.1.4.Decorative
12.1.5.Others
12.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.MR Grade
12.2.2.BWR Grade
12.2.3.Fire Resistant Grade
12.2.4.BWP Grade
12.2.5.Structural Grade
12.2.6.Others
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Furniture
12.3.2.Flooring & Construction
12.3.3.Automotive Interiors
12.3.4.Packaging
12.3.5.Marine
12.3.6.Others
12.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Residential
12.4.2.Non-Residential
12.4.3.Others
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13. Middle East and Africa (MEA) Plywood Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Wood Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Softwood
13.1.2.Hardwood
13.1.3.Sanded
13.1.4.Decorative
13.1.5.Others
13.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.MR Grade
13.2.2.BWR Grade
13.2.3.Fire Resistant Grade
13.2.4.BWP Grade
13.2.5.Structural Grade
13.2.6.Others
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Furniture
13.3.2.Flooring & Construction
13.3.3.Automotive Interiors
13.3.4.Packaging
13.3.5.Marine
13.3.6.Others
13.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Residential
13.4.2.Non-Residential
13.4.3.Others
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14. Latin America Plywood Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Wood Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Softwood
14.1.2.Hardwood
14.1.3.Sanded
14.1.4.Decorative
14.1.5.Others
14.2.  Grade Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.MR Grade
14.2.2.BWR Grade
14.2.3.Fire Resistant Grade
14.2.4.BWP Grade
14.2.5.Structural Grade
14.2.6.Others
14.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Furniture
14.3.2.Flooring & Construction
14.3.3.Automotive Interiors
14.3.4.Packaging
14.3.5.Marine
14.3.6.Others
14.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Residential
14.4.2.Non-Residential
14.4.3.Others
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Boise Cascade Company
15.2.2.Georgia Pacific LLC
15.2.3.Metas Wood
15.2.4.UPM Kymmene Oyj
15.2.5.Eksons Corporation berhad
15.2.6.Austal Plywoods private limited
15.2.7.Weyerhaeuser Company limited
15.2.8.Green ply Industries Limited
15.2.9.Uniply Industries Limited
15.2.10.Sveza
16. Research Methodology 
17. Appendix and Abbreviations 
  • Boise Cascade Company
  • Georgia Pacific LLC
  • Metas Wood
  • UPM Kymmene Oyj
  • Eksons Corporation berhad
  • Austal Plywoods private limited
  • Weyerhaeuser Company limited
  • Green ply Industries Limited
  • Uniply Industries Limited
  • Sveza

Adjacent Markets