Plywood Market to grow at a CAGR of 4.55% from 2022 to 2027; The increasing residential and commercial construction activities to boost market growth - Technavio

NEW YORK, Aug. 15, 2023 /PRNewswire/ -- The plywood market is estimated to grow by USD 13,585.71 million and the size of the market is forecast to increase at a CAGR of 4.55% between 2022 and 2027. For Comprehensive details on the market size of the historical period(2017 to 2021) and forecast period (2023-2027) - View the Sample report

Company Landscape
The plywood market is fragmented; the companies are competing with competitors and is trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major companies have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key companies, their strategies, and the latest developments. Buy Now

Market Dynamics

Key Driver

The increasing number of residential and commercial construction activities is a key factor driving market growth. The increased interest in infrastructure and real estate development, as well as the building of new homes and offices, will boost sales of new plywood goods and furniture. Along with new buildings, a surge in renovation and modification projects is helping to meet the growing need for wood products in various countries. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

The rising wages in manufacturing hubs are a major trend in the market. Rapid urbanization and industrialization in emerging economies, particularly in nations like China, India, the Philippines, Vietnam, and Indonesia, are the key factors in growing wages. Furthermore, the rise in the GDP of nations like China and India, as well as the rise in wages, are fueling the expansion of the world economy. Additionally, several government efforts in emerging nations are increasing the demand for plywood products. Thus, such factors are expected to drive market growth during the forecast period.

Significant Challenges

The moisture and humidity concern is a major challenge restricting market growth. The area that is being evaluated for flooring with plywood needs to be prepared in accordance with the standards established by the manufacturers. The recommendations typically call for an ambient relative humidity of 35% to 55%, but this might change greatly depending on the manufacturer. Some manufacturers could advise a relative humidity of 40%–60%, while others might advise a relative humidity of 30%–50%. Hence, failing to meet such conditions is expected to hamper the growth of the market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company Profiles

The plywood market report includes information on the product launches, sustainability, and prospects of leading companies including 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., The Western India Plywoods Ltd., Uniply Industries Ltd., UPM Kymmene Corp., West Fraser Timber Co. Ltd., and Weyerhaeuser Co.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Market Segmentation

The market is segmented by type (hardwood and softwood), sector (new construction and replacement), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The market share growth in the hardwood segment will be significant during the forecast period. Due to its strength, stability, and ease, hardwood plywood is widely used for furniture, cabinets, and other ornamental purposes. The main component of hardwood plywood is a core made of softwood or hardwood that is faced and backed with a veneer of hardwood that is suitable for finishing or staining. In addition, the expansion of the real estate market, particularly the rise in demand for residential housing, is promoting the expansion of the hardwood plywood market.
• APAC is projected to contribute 67% of market growth by 2023. The top three countries importing office furniture are Singapore, Japan, and Australia. India and China are the two countries that use wood goods the most in Southern Asia. Furthermore, the demand for office furniture is predicted to increase due to the overall growth of various emerging countries in the region as well as the expansion of economic corridors and special economic zones (SEZs).

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Related Reports

The hardwood market is estimated to grow at a CAGR of 4.74% between 2022 and 2027. The market size is forecast to increase by USD 9,554.57 million. Furthermore, this report extensively covers market segmentation by application (flooring, furniture, and others), type (ash, cherry, maple, oak, and birch), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The increasing residential and commercial construction activities are significantly driving market growth.

The Roundwood market is expected to increase by 15,682.23 million ft3 from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.68%. Furthermore, this report extensively covers roundwood market segmentation by type (pulpwood, sawlogs, and veneer logs) and geography (APAC, Europe, North America, South America, and MEA). One of the key factors driving the Roundwood market growth is the rising demand from housing and infrastructure construction companies.

Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Sector
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Company Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of companies included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (USD million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (USD million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global plywood market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global plywood market 2017 - 2021 (USD million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 (USD million)

• 4.3 Sector Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Sector Segment 2017 - 2021 (USD million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (USD million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (USD million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Hardwood - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Hardwood - Market size and forecast 2022-2027 (USD million)
• Exhibit 35: Data Table on Hardwood - Market size and forecast 2022-2027 (USD million)
• Exhibit 36: Chart on Hardwood - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Hardwood - Year-over-year growth 2022-2027 (%)

• 6.4 Softwood - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Softwood - Market size and forecast 2022-2027 (USD million)
• Exhibit 39: Data Table on Softwood - Market size and forecast 2022-2027 (USD million)
• Exhibit 40: Chart on Softwood - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Softwood - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type (USD million)

7 Market Segmentation by Sector

• 7.1 Market segments
• Exhibit 43: Chart on Sector - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Sector - Market share 2022-2027 (%)

• 7.2 Comparison by Sector
• Exhibit 45: Chart on Comparison by Sector
• Exhibit 46: Data Table on Comparison by Sector

• 7.3 New construction - Market size and forecast 2022-2027 
• Exhibit 47: Chart on New construction - Market size and forecast 2022-2027 (USD million)
• Exhibit 48: Data Table on New construction - Market size and forecast 2022-2027 (USD million)
• Exhibit 49: Chart on New construction - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on New construction - Year-over-year growth 2022-2027 (%)

• 7.4 Replacement - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Replacement - Market size and forecast 2022-2027 (USD million)
• Exhibit 52: Data Table on Replacement - Market size and forecast 2022-2027 (USD million)
• Exhibit 53: Chart on Replacement - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Replacement - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Sector 
• Exhibit 55: Market opportunity by Sector (USD million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 (USD million)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 (USD million)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 (USD million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 (USD million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 (USD million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 (USD million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 (USD million)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (USD million)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 (USD million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 (USD million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 81: Chart on China - Market size and forecast 2022-2027 (USD million)
• Exhibit 82: Data Table on China - Market size and forecast 2022-2027 (USD million)
• Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 (USD million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 (USD million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 (USD million)
• Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 (USD million)
• Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 South Korea - Market size and forecast 2022-2027 
• Exhibit 93: Chart on South Korea - Market size and forecast 2022-2027 (USD million)
• Exhibit 94: Data Table on South Korea - Market size and forecast 2022-2027 (USD million)
• Exhibit 95: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 (USD million)
• Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 (USD million)
• Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Company Landscape

• 11.1 Overview

• 11.2 Company landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

12 Company Analysis

• 12.1 Companies covered 
• Exhibit 106: Companies covered

• 12.2 Market positioning of companies 
• Exhibit 107: Matrix on company position and classification

• 12.3 Boise Cascade Co.
• Exhibit 108: Boise Cascade Co. - Overview
• Exhibit 109: Boise Cascade Co. - Business segments
• Exhibit 110: Boise Cascade Co. - Key offerings
• Exhibit 111: Boise Cascade Co. - Segment focus

• 12.4 Caledonian Plywood Co. Ltd. 
• Exhibit 112: Caledonian Plywood Co. Ltd. - Overview
• Exhibit 113: Caledonian Plywood Co. Ltd. - Product / Service
• Exhibit 114: Caledonian Plywood Co. Ltd. - Key offerings

• 12.5 Ets Guy JOUBERT SAS
• Exhibit 115: Ets Guy JOUBERT SAS - Overview
• Exhibit 116: Ets Guy JOUBERT SAS - Product / Service
• Exhibit 117: Ets Guy JOUBERT SAS - Key offerings

• 12.6 Georgia Pacific LLC
• Exhibit 118: Georgia Pacific LLC - Overview
• Exhibit 119: Georgia Pacific LLC - Product / Service
• Exhibit 120: Georgia Pacific LLC - Key offerings

• 12.7 Greenply Industries Ltd. 
• Exhibit 121: Greenply Industries Ltd. - Overview
• Exhibit 122: Greenply Industries Ltd. - Product / Service
• Exhibit 123: Greenply Industries Ltd. - Key news
• Exhibit 124: Greenply Industries Ltd. - Key offerings

• 12.8 Hefei Sinoply Wood Co. Ltd. 
• Exhibit 125: Hefei Sinoply Wood Co. Ltd. - Overview
• Exhibit 126: Hefei Sinoply Wood Co. Ltd. - Product / Service
• Exhibit 127: Hefei Sinoply Wood Co. Ltd. - Key offerings

• 12.9 HOXAN Corp.
• Exhibit 128: HOXAN Corp. - Overview
• Exhibit 129: HOXAN Corp. - Product / Service
• Exhibit 130: HOXAN Corp. - Key offerings

• 12.10 METSA GROUP
• Exhibit 131: METSA GROUP - Overview
• Exhibit 132: METSA GROUP - Business segments
• Exhibit 133: METSA GROUP - Key news
• Exhibit 134: METSA GROUP - Key offerings
• Exhibit 135: METSA GROUP - Segment focus

• 12.11 PotlatchDeltic Corp.
• Exhibit 136: PotlatchDeltic Corp. - Overview
• Exhibit 137: PotlatchDeltic Corp. - Business segments
• Exhibit 138: PotlatchDeltic Corp. - Key offerings
• Exhibit 139: PotlatchDeltic Corp. - Segment focus

• 12.12 Richard Russell Panels Ltd. 
• Exhibit 140: Richard Russell Panels Ltd. - Overview
• Exhibit 141: Richard Russell Panels Ltd. - Product / Service
• Exhibit 142: Richard Russell Panels Ltd. - Key offerings

• 12.13 Roseburg Forest Products Co. 
• Exhibit 143: Roseburg Forest Products Co. - Overview
• Exhibit 144: Roseburg Forest Products Co. - Product / Service
• Exhibit 145: Roseburg Forest Products Co. - Key news
• Exhibit 146: Roseburg Forest Products Co. - Key offerings

• 12.14 Subur Tiasa Holdings Berhad 
• Exhibit 147: Subur Tiasa Holdings Berhad - Overview
• Exhibit 148: Subur Tiasa Holdings Berhad - Product / Service
• Exhibit 149: Subur Tiasa Holdings Berhad - Key offerings

• 12.15 Sunchang Corp.
• Exhibit 150: Sunchang Corp. - Overview
• Exhibit 151: Sunchang Corp. - Product / Service
• Exhibit 152: Sunchang Corp. - Key offerings

• 12.16 Uniply Industries Ltd. 
• Exhibit 153: Uniply Industries Ltd. - Overview
• Exhibit 154: Uniply Industries Ltd. - Product / Service
• Exhibit 155: Uniply Industries Ltd. - Key offerings

• 12.17 UPM Kymmene Corp.
• Exhibit 156: UPM Kymmene Corp. - Overview
• Exhibit 157: UPM Kymmene Corp. - Business segments
• Exhibit 158: UPM Kymmene Corp. - Key news
• Exhibit 159: UPM Kymmene Corp. - Key offerings
• Exhibit 160: UPM Kymmene Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 161: Inclusions checklist
• Exhibit 162: Exclusions checklist

• 13.3 Currency conversion rates for USUSD 
• Exhibit 163: Currency conversion rates for USUSD

• 13.4 Research methodology
• Exhibit 164: Research methodology
• Exhibit 165: Validation techniques employed for market sizing
• Exhibit 166: Information sources

• 13.5 List of abbreviations
• Exhibit 167: List of abbreviations

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