Hardwood vs. Softwood: Plywood Market Segmentation Trends

Plywood Market Size – By Dimensions (4'x8', 4'x6', 4'x10', 3'x6', and Others), Thickness (<8mm, 8mm-18mm, >18mm), Grade (MR Grade, BWR Grade, Fire-Resistant Grade, BWP Grade, Structural Grade), Wood Type (Softwood, Hardwood, Tropical, and Others), Sales Channel (Direct Sales, Distributors/Retailers), Application (Furniture, Flooring & Construction, Automotive Interiors, Packaging, Marine, and Others), and Region – Global Forecast 2024-2034 

The global plywood market is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2034. By the end of the forecast period, the market size is expected to reach USD 157.84 billion, driven by consistent growth patterns. In 2024, the market revenue is estimated at USD 85.25 billion. 

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Report Highlights 

Market Size in 2024: USD 85.25 Billion 

Market Forecast for 2034: USD 157.84 Billion 

CAGR (2024-2034): 6.1% 

Base Year: 2023 

Historical Data: 2016-2022 

Forecast Period: 2024-2034 

Market Segmentation 

By Size 

4'x8' 

4'x6' 

4'x10' 

3'x6' 

Others 

By Thickness 

<8mm 

8mm–18mm 

18mm 

By Grade 

MR Grade 

BWR Grade 

Fire Resistant Grade 

BWP Grade 

Structural Grade 

By Wood Type 

Softwood 

Hardwood 

Tropical 

Others 

By Application 

Furniture 

Flooring & Construction 

Automotive Interiors 

Packaging 

Marine 

Others 

By Sales Channel 

Direct Sales 

Distributors/Retailers