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Global Plywood Market to reach USD 115 billion by the end of 2029

Global Plywood Market Size study & Forecast, by Thickness ( 18mm Plywood), by Grade (MR Grade Plywood, BWR Grade Plywood, Fire Resistant Grade Plywood, BWP Grade Plywood, Structural Grade Plywood), by Application (Structural, Non-Structural) and Regional Analysis, 2022-2029

Product Code: OIRBC-14420174
Publish Date: 25-01-2023
Page: 200

Global Plywood Market is valued at approximately USD 75.98 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.1 % over the forecast period 2022-2029. Plywood is a sheet that is made from thin layers of wood, which is highly used in multi-purpose engineered wood-based panel products. The growth of the market is driven by factors such as the increasing construction of restaurants and hotels & resorts, rising disposable income, coupled with growing industrial construction activities.

The flourishing growth of the construction industry is propelling the demand for plywood, which is augmenting the growth of the market. According to a Statista analysis, investment in the construction (including infrastructure for commercial and residential buildings) business is increasing annually; in 2017, global construction spending was recorded for USD 10.9 trillion, and by 2030 it is predicted to reach USD 12.5 trillion. Accordingly, the rising demand for furniture during construction and renovation activities is directly associated with the growth of the market. Moreover, the increasing availability of products on various e-commerce platforms, as well as the rising number of initiatives by the key market players are presenting various lucrative opportunities over the forecasting years. However, the shortage of raw materials is challenging the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Plywood Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing expenditure on renovation & remodeling, along with the geographic expansion of key players. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as the growth of the construction sectors, availability of cheap resources, as well as increasing investment in infrastructural development in the market space.

Major market players included in this report are:
South Coast Lumber Co. & Affiliates
Weyerhaeuser Company
Boise Cascade Company
Greenply Industries Limited
Georgia-Pacific, LLC
Uniply Industries Ltd
UPM-Kymmene Oyj
Sveza-Les LLC

Recent Developments in the Market:
 In December 2021, the UPM announced a total investment of EUR 10 million with the objective of developing the UPM Plywood mill in Joensuu.
 In March 2021, Green ply industries limited declared that the company that it has invested nearly 75 crores in order to set the plywood products in the sandiala industries in the Hardoi

Global Plywood Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Thickness, Grade, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Thickness:
18mm Plywood

By Grade:
MR Grade Plywood
BWR Grade Plywood
Fire Resistant Grade Plywood
BWP Grade Plywood
Structural Grade Plywood

By Application:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Plywood Market, by Region, 2019-2029 (USD Billion)
1.2.2. Plywood Market, by Thickness, 2019-2029 (USD Billion)
1.2.3. Plywood Market, by Grade, 2019-2029 (USD Billion)
1.2.4. Plywood Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Plywood Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Plywood Market Dynamics
3.1. Plywood Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing industrial construction activities Flourishing growth of the construction industry
3.1.2. Market Challenges Shortage of raw materials
3.1.3. Market Opportunities Increasing availability of products on various e-commerce platforms Rising number of initiatives by the key market players
Chapter 4. Global Plywood Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Plywood Market, by Thickness
6.1. Market Snapshot
6.2. Global Plywood Market by Thickness, Performance – Potential Analysis
6.3. Global Plywood Market Estimates & Forecasts by Thickness 2019-2029 (USD Billion)
6.4. Plywood Market, Sub Segment Analysis
6.4.1. 18mm Plywood
Chapter 7. Global Plywood Market, by Grade
7.1. Market Snapshot
7.2. Global Plywood Market by Grade, Performance – Potential Analysis
7.3. Global Plywood Market Estimates & Forecasts by Grade 2019-2029 (USD Billion)
7.4. Plywood Market, Sub Segment Analysis
7.4.1. MR Grade Plywood
7.4.2. BWR Grade Plywood
7.4.3. Fire Resistant Grade Plywood
7.4.4. BWP Grade Plywood
7.4.5. Structural Grade Plywood
Chapter 8. Global Plywood Market, by Application
8.1. Market Snapshot
8.2. Global Plywood Market by Application, Performance – Potential Analysis
8.3. Global Plywood Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Plywood Market, Sub Segment Analysis
8.4.1. Structural
8.4.2. Non-Structural
Chapter 9. Global Plywood Market, Regional Analysis
9.1. Plywood Market, Regional Market Snapshot
9.2. North America Plywood Market
9.2.1. U.S. Plywood Market Thickness breakdown estimates & forecasts, 2019-2029 Grade breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Plywood Market
9.3. Europe Plywood Market Snapshot
9.3.1. U.K. Plywood Market
9.3.2. Germany Plywood Market
9.3.3. France Plywood Market
9.3.4. Spain Plywood Market
9.3.5. Italy Plywood Market
9.3.6. Rest of Europe Plywood Market
9.4. Asia-Pacific Plywood Market Snapshot
9.4.1. China Plywood Market
9.4.2. India Plywood Market
9.4.3. Japan Plywood Market
9.4.4. Australia Plywood Market
9.4.5. South Korea Plywood Market
9.4.6. Rest of Asia Pacific Plywood Market
9.5. Latin America Plywood Market Snapshot
9.5.1. Brazil Plywood Market
9.5.2. Mexico Plywood Market
9.5.3. Rest of Latin America Plywood Market
9.6. Rest of The World Plywood Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. South Coast Lumber Co. & Affiliates Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Weyerhaeuser Company
10.2.3. Boise Cascade Company
10.2.4. Greenply Industries Limited
10.2.5. Georgia-Pacific, LLC
10.2.6. Uniply Industries Ltd
10.2.8. UPM-Kymmene Oyj
10.2.10. Sveza-Les LLC
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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