Global plywood market size was valued at USD 105.9 Mn in 2021 and is projected to reach USD 146.7 Mn by 2030 at a compound annual growth rate of 6.1%
FrequentlyAsked Questions
The expansion in the construction industry, along with the rise in prominence of premium quality plywood variants owing to the improved consumer living standards, drives the growth of the plywood market. Along with that, To create green architecture and green homes that might be significantly less harmful to both people and the environment, green sustainable production is necessary. The use of solid wood raises serious environmental concerns due to deforestation issues.
As per the report, the global plywood market was valued at USD 105.9 million in 2021 and is anticipated to grow around USD 146.7 million by 2030 with a compound annual growth rate (CAGR) of 6.1% between 2021 and 2030
The North American region has dominated the plywood market in 2021, due to the increased building and construction activities along with the environmental concern over the excessive use of traditional wood.
The key players that operate in the plywood market include Weyerhaeuser Company Limited, Boise Cascade Company, Greenply Industries Limited, Georgia-Pacific, LLC, Uniply Industry Ltd., Metas Wood, Potlatch Deltic Corporation, Latvijas Fineries AS, Eksons Corporation Berhard.
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