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Plywood Market Trends

Report ID: GMI6710
Published Date: Sep 2023
Report Format: PDF

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Plywood Market Trends

Increased demand for sustainable and responsibly sourced plywood due to growing environmental awareness and regulations. Focus on reducing carbon footprint and promoting circular economy practices in the plywood production process. Growing interest in engineered wood products like plywood due to their consistent quality, versatility, and potential cost savings. Specialty plywood products developed for specific applications, such as marine-grade plywood for water-resistant properties.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of plywood was exceeded USD 57.12 billion in 2023 and will reach USD 100.1 billion by 2032, due to its widespread application in commercial buildings, offices, schools, and other non-residential structures worldwide.

Soft plywood market size crossed USD 32.5 billion in 2022 and will incur significant growth from 2023 to 2032, on account of its widespread usage in construction for structural framing, sheathing, and roofing.

U.S. plywood industry recorded USD 10.66 billion in 2022 and is expected to witness appreciable growth from 2023 to 2032, owing to the rapid population growth and urbanization leading to demand for residential construction in the region.

Boise Cascade Company, Georgia-Pacific LLC, Weyerhaeuser Company, UFP Industries, Inc., West Fraser Timber Co. Ltd., PotlatchDeltic Corporation, Columbia Forest Products, and Roseburg Forest Products, are some of the major plywood companies worldwide.