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NEW YORK , Oct. 3, 2022 /PRNewswire/ -- The plywood market is segmented into two categories based on the wood type (hardwood and softwood) and geography (APAC, North America , Europe , MEA, and South America ). The market size is expected to increase by USD 11.27 billion between 2020 and 2025. However, the market's growth momentum will decelerate at a CAGR of 4.15% during the forecast period. 3mm Poplar Plywood
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Technavio categorizes the global Plywood Market as a part of the global building products market covering companies engaged in the production of building components such as windows and doors, flooring; ceiling and wall fixtures, roofing and gutter materials, insulation materials, cabinets, plumbing fixtures, and home improvement products and equipment. The parent market is driven by factors such as the growth of the construction sector and increasing consumer preference toward the premium and entry-to-luxury segments in the residential sector.
The plywood market is fragmented with the presence of several players occupying the competitive landscape. The market is not dominated by global players. Large vendors are acquiring small vendors to expand their product portfolios and boost their market shares. Other vendors hold a significant share in the market. The increasing demand for innovation and better services is creating entry barriers for new players.
Backed with competitive intelligence and benchmarking, our research report on the plywood market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. Request Sample Report Here
The increase in residential and commercial construction activities is one of the main drivers propelling expansion in the plywood market. The rising focus on infrastructural and real estate development in both developed and developing countries has resulted in an increase in the construction of new residences and office spaces. In addition, the rise in the number of multinational and global companies, as well as technology and business parks in developing countries has increased the demand for furniture. As a result of these factors, the global demand for plywood is expected to increase substantially in the coming years, thereby driving the growth of the market in focus.
Another element contributing to the growth of the plywood market share is the increasing consumption of softwood in furniture manufacturing. However, moisture and humidity concerns associated with plywood might reduce the growth potential in the market.
The plywood market forecast report offers in-depth insights into key vendor profiles and offerings and factors influencing the growth. Check Our Sample Report Before Purchasing
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Decelerate at a CAGR of 4.15%
APAC, North America, Europe, MEA, and South America
China, US, Japan, South Korea (Republic of Korea), and Canada
Leading companies, competitive strategies, consumer engagement scope
AS Latvijas Finieris, Boise Cascade Co., Georgia-Pacific LLC, Greenply Industries Ltd., Hefei Sinoply Wood Co. Ltd., METSA GROUP, PotlatchDeltic Corp., SVEZA, Uniply Industries Ltd., and UPM-Kymmene Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Market Segmentation by Wood type
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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