The global plywood market is projected to reach $154 billion by 2031

The global plywood market size was $85 billion in 2022 and is likely to surpass $154 billion by 2031, expanding at a CAGR of 6.5% during the forecast period, 2023–2031. Numerous beneficial qualities of plywood and the rising usage of furniture are expected to boost the market.   Market trends One of the primary drivers of the plywood market is the booming construction industry, particularly in emerging economies. Rapid urbanization and infrastructure development in countries like China, India, and Brazil are fueling the demand for construction materials, including plywood. Plywood's structural integrity and its resistance to ...