Global Plywood Market Revenue, Opportunity, Segment and Key Trends Analysis to 2027
The Global Plywood Market size is projected to grow from USD 54.2 billion in 2022 to USD 73.3 billion by 2027, at a CAGR of 6.2%, between 2022 and 2027. Construction and industrial end users are driving the market growth thanks to the growing construction industry. A variety of causes contribute to this increase, including architecturally to close surfaces like walls, floors, furniture, and more.
The hardwood segment is one of the fastest-growing type segment during the forecast period.
Based on type, the hardwood segment is expected to be one of the fastest growing segment whereas softwood is the largest segment during the forecast period. Hardwood plywood offers a robust, reasonably priced, and ethically produced alternative. Softwood plywood is often used for industrial and construction projects, while Hardwood plywood is typically utilized for items like furniture and cabinets.
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