NEW YORK, Nov. 5, 2021 /PRNewswire/ -- The plywood market is expected to grow by USD 11.27 billion from 2020 to 2025. Technavio's latest market research report estimates that the plywood market will decelerate at a CAGR of 4.15%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Plywood Market 2021-2025: Drivers & Challenges Factors such as increasing residential and commercial construction activities, increasing consumption of softwood in furniture manufacturing, and the emergence of resilient structures will offer immense growth opportunities. However, factors such as moisture and humidity concerns may threaten the growth of the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The plywood market is fragmented, and the degree of fragmentation will decelerate during the forecast period.
Plywood Market 2021-2025: Key Regions 68% of the market's growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and Japan are the key markets for plywood in the region. This report provides estimations of the contribution of all regions to the growth of the plywood market size.
Plywood Market 2021-2025: Vendor Analysis Some of the major vendors of the plywood market include AS Latvijas Finieris, Boise Cascade Co., Georgia-Pacific LLC, Greenply Industries Ltd., Hefei Sinoply Wood Co. Ltd., METSA GROUP, PotlatchDeltic Corp., SVEZA, Uniply Industries Ltd., and UPM-Kymmene Corp. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market.
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist plywood market growth during the next five years
Estimation of the plywood market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the plywood market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of plywood market vendors
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Plywood Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 4.15%
Market growth 2021-2025
USD 11.27 billion
YoY growth (%)
APAC, North America, Europe, MEA, and South America
Performing market contribution
APAC at 68%
Key consumer countries
China, US, Japan, South Korea (Republic of Korea), and Canada
Leading companies, competitive strategies, consumer engagement scope
AS Latvijas Finieris, Boise Cascade Co., Georgia-Pacific LLC, Greenply Industries Ltd., Hefei Sinoply Wood Co. Ltd., METSA GROUP, PotlatchDeltic Corp., SVEZA, Uniply Industries Ltd., and UPM-Kymmene Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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