Softwood Plywoods Market was valued at USD 25.1 Billion in 2022 and is projected to reach USD 34.7 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The global softwood plywood market has experienced significant shifts from 2018 to 2022, with varying demands influenced by regional growth, construction trends, and raw material costs. The market witnessed substantial growth during these years, driven primarily by the construction industry's expansion in Asia-Pacific and North America. Demand for softwood plywood, which is used widely in furniture, construction, packaging, and other industries, saw an increase due to urbanization, rising disposable income, and growth in residential and commercial infrastructure.
Between 2018 and 2022, softwood plywood prices fluctuated in response to supply chain disruptions, trade policies, and environmental regulations. The impact of tariffs on imported plywood and changes in forestry practices affected production levels in key markets. In North America, the U.S. imposed tariffs on Canadian softwood plywood, disrupting the supply chain and pushing up prices, creating a tighter market environment. In Asia, rapid urbanization, especially in China and India, resulted in robust demand for construction materials, including softwood plywood. However, this led to pressure on manufacturers to maintain supply amidst raw material shortages and environmental concerns related to deforestation.
Looking forward to the 2023-2033 period, the softwood plywood market is anticipated to face a shift in dynamics due to emerging trends and evolving demand drivers. Increased focus on sustainable construction practices and environmentally friendly materials is expected to play a major role in shaping the market. As more countries implement stringent environmental regulations, the demand for certified and eco-friendly softwood plywood is projected to rise, with manufacturers increasingly sourcing their raw materials from responsibly managed forests.
In terms of regional growth, Asia-Pacific remains a key player, but the rise in construction and infrastructural developments in Africa and Latin America will also drive demand for softwood plywood. Furthermore, the trend toward modular construction and prefabricated homes could further propel the need for plywood-based products, especially in emerging markets where affordable housing is a major focus.
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Atlantic Plywood Corporation
Boise Cascade Company
Century Plyboard
Eksons Corporation Bhd
Georgia-Pacific
SVEZA
Weyerhaeuser Company
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Softwood Plywoods Market
Exterior Home Sheathing
Home Roofing and Flooring
Other
Based on Types the Market is categorized into Below types that held the largest Softwood Plywoods market share In 2023.
<6mm
6mm-18mm
>18mm
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Softwood Plywoods Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Softwood Plywoods Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Softwood Plywoods Market, By Type
6. Global Softwood Plywoods Market, By Application
7. Global Softwood Plywoods Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Softwood Plywoods Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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