Global Plywood market will reach 82.2 billion US$ by the end of 2025
Published Date: 2019/7/30
Plywood are mainly classified into the following types: Veneer Plywood, Wood Core Plywood and Composite Plywood. Veneer Plywood is the most widely used type which takes up about 65.6 % of the total sales in 2018.
Plywood have wide range of applications, such as Engineering and Construction, Furniture Industry, etc. And Engineering and Construction was the most widely used area which took up about 34.5% of the global total in 2018.
The global Plywood average cost is influenced by the global trend. The average cost will be in increasing trend if the price of raw materials rises. The Plywood market size will reach about 82.2 billion USD in 2025 from 70.1 billion USD in 2018 all around the world, with the CAGR of 2.3%.
China is the largest region of Plywood in the world in the past few years and it will keep increasing in the next few years. China market took up about 59.3% the global market in 2018, while Europe and North America were about 6.3%, 12.6%.
China, USA, Russia etc. are now the key producers of Plywood. In developed countries, the market concentration is relatively high, but in developing countries, such as China, the market concentration is very low, according to a survey from China forestry administration, top 200 producers in China only got a domestic market share of 32%.
UPM, SVEZA, Georgia-Pacific, Samko Timber, West Fraser, Greenply Industries, Metsa Wood, Rimbunan Hijau, etc. are the key suppliers in the global Plywood market. Top 10 took up only 3.65% of the global market in 2018.
Although sales of Plywood bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter the Plywood field hastily.
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