Plywood Market Research Report - Global Forecast till 2027

Plywood Market Research Report: Information By Grade (MR Grade, BWR Grade, Fire Resistant Grade, BWP Grade and Structural Grade), Wood Type (Softwood and Hardwood), Application (Furniture, Flooring & Construction, Automotive Interior, Packaging, Marine and Others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2027

ID: MRFR/CO/8884-HCR | February 2021 | Region: Global | 110 pages

Plywood Market Scenario:


Plywood market size is anticipated to register a CAGR of 6.1% between 2020 and 2027 and reach an approximate value of USD 108.1 Billion in 2027.


Increasing demand for easy to install and ready-made furniture are fueling the growth of the plywood market. In urban areas, consumers prefer to buy durable and lightweight furniture, which further fuels the market's growth. Environmental preservation bodies also extend their support for timberland development, which subsequently serves environmental and economic purposes.


Plywood has gained popularity over the years due to its good strength, flexibility, workability, and reusability. Additionally, it offers superior insulation properties to the final product and is highly weather and water-resistant. Plywood is used for construction and flooring applications due to enhanced mechanical strength and considerably decreasing the overall weight of the products.


The Prominent Players


Key industry participants in the plywood market include Weyerhaeuser Company (US), Boise Cascade Company (US), Century Plyboards Ltd. (India), Greenply Industries Limited (India), Georgia-Pacific, LLC. (US), Uniply Industries Ltd (India), JAYA TIASA HOLDINGS BERHAD. (Malaysia), UPM-Kymmene Oyj (Finland), SUBUR TIASA HOLDINGS BERHAD (Malaysia), and Sveza-Les LLC (Russia).


The global plywood market has been segmented based on grade, wood type, application, and region. Based on grade, the global market is divided into MR grade, BWR grade, fire resistant grade, BWP grade, and structural grade. The MR grade segment is anticipated to hold a significant market share.


Based on wood type, the global plywood market is segmented into hardwood and softwood. The softwood segment accounted for a significantly larger share in the global market owing to its superior properties.


Based on application, the global plywood market is segmented into furniture, construction & flooring, automotive interior, packaging, marine, and others. The furniture segment is expected to hold the largest share of market owing to the growing focus of homeowners on home décor, aesthetic furnishing, and interior designing.


Global Plywood Market size is anticipated to register a CAGR of 5.1% between 2020 and 2026 and reach an approximate value of USD 95 Billion in 2026.


Market Segmentation
plywood market


The global plywood market is expected to witness high growth during the forecast period owing to the growing construction industry across the globe.


Based on region, the plywood market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia-Pacific dominated the plywood market in 2019 due to the steadily increasing investment in infrastructure development in the region.


Intended Audience



  • Government and Research Organization

  • Consulting Companies in the Plywood Market

  • Raw Material Suppliers

  • Research Consultants

  • Investors and Shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 108.1 Billion (2027)
  CAGR   6.1% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Grade, Wood Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Weyerhaeuser Company (US), Boise Cascade Company (US), Century Plyboards Ltd. (India), Greenply Industries Limited (India), Georgia-Pacific, LLC. (US), Uniply Industries Ltd (India), JAYA TIASA HOLDINGS BERHAD. (Malaysia), UPM-Kymmene Oyj (Finland), SUBUR TIASA HOLDINGS BERHAD (Malaysia), and Sveza-Les LLC
  Key Market Opportunities   steadily increasing investment in infrastructure development
  Key Market Drivers   demand for easy to install and ready-made furniture


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Frequently Asked Questions (FAQ) :


Global plywood market is projected to grow at approximately 6.1% CAGR during the assessment period (2020-2027).

The valuation of the global plywood market is estimated to increase to USD 108.1 BN by the end of 2027.

Furniture is the largest application segment in the global plywood market.

Increasing demand for easy to install and ready-made furniture and rising urbanization and consumer preference for durable and lightweight furniture, are major tailwinds pushing the growth of the global plywood market.

The Asia Pacific region holds the largest share in the global plywood market, followed by North America and Europe, respectively.

Boise Cascade Company (US), Century Plyboards Ltd. (India), Weyerhaeuser Company (US), Georgia-Pacific, LLC. (US), Greenply Industries Limited (India), Uniply Industries Ltd (India), UPM-Kymmene Oyj (Finland), Jaya Tiasa Holdings Berhad (Malaysia), Subur Tiasa Holdings Berhad (Malaysia), and Sveza-Les LLC (Russia), are some of the top players operating in the global plywood market.