Plywood Market Analysis with Booming Trends Supporting Growth Till 2028 || Key Player - Weyerhaeuser Company, Boise Cascade Company, Century Ply boards (India) Ltd, Green ply Industries Limited.
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This MRRSE study offers a ten-year analysis and forecast for the global plywood market for the period between 2018 and 2028. The study considers 2017 as the base year with market values estimated for the year 2017 and forecast developed for the duration between 2019 and 2028. The Compound Annual Growth Rate (CAGR) has been calculated from 2018 to 2028. The study covers various perspectives of the market, including market dynamics, value chain, pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global plywood market is projected to grow at a CAGR of 6.0% between 2018 and 2028, in terms of value. Growing construction activity, rising demand for readymade and easy-to-assemble furniture and growing demand for plywood from the packaging sector are some of the factors positively impacting the consumption of plywood in the global market.
The MRRSE report on plywood market carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters, such as size, thickness, grade, wood type, number of ply, sales channel and application. The primary objective of the report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders of the market.
Plywood is a wood panel made of thin veneer sheets called plies which are pasted together using a glue or adhesive to create a panel that is equally strong or stronger than wood. A plywood panel generally consists of odd number of plies, which helps in keeping the grains of the adjacent layers perpendicular. The veneer layers or plies on the outside are called front and back face while the plies in between make up the core.
The report is structured in such a way that it will allow the reader to develop a thorough understanding of the market. It begins with market definitions, followed by the market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers a qualitative and quantitative assessment of the market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews and trends in the market.
The report begins with market introduction, which covers the market taxonomy and product definitions for the global plywood market assessment. In the next section, the report describes the market development background and covers macro-economic factors, industry factors, forecast factors, regional weighted average pricing analysis, value chain overview covering approximate margins, an indicative list of stakeholders involved in each stage and an assessment of the plywood market for the base year considered for the study.
The next section of the report discusses market dynamics, such as drivers, restraints and trends, impacting the market growth at a global level. Market opportunities for manufacturers have been presented in the subsequent section of the same chapter. This section also includes the impact assessment of market dynamics on the global plywood market at a qualitative level, based on analysis facts and insights.
Subsequent sections of the report provide value (US$ Mn) and volume (‘000 cubic meters) projections for the plywood market on the basis of the aforementioned segments at a global level. The global market values represented in these sections have been agglomerated by collecting data and information at a regional level. The market information, along with key facts and insights, covers unique analysis frameworks, such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share and attractiveness analysis, for each of the sub-types covered in each segment.
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The next section of the report presents a summarized view of the global plywood market, based on nine prominent regions considered in the study. The section includes the regional market position, growth potential, trends and market attractiveness analysis for each of these regions.
The market analysis sections cover Y-o-Y growth trends, market share analysis, market attractiveness and incremental $ opportunity assessment for each of the aforementioned segment. These sections analyse the degree to which the global drivers are influencing this market in each region.
All the above sections evaluate the present market scenario and growth prospects in the global plywood market, while the forecast presented in the sections assess the market size in terms of volume and value.
In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global plywood market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis, based on primary research, secondary research and our own analysis. However, forecasting the market in terms of various plywood segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the completion of the forecast exercise.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the plywood market and identify the right opportunities available.
As previously highlighted, the plywood market is split into a number of sub-segments. All the plywood sub-segments, in terms of type, grade, application and region, have been analysed on the basis of Basis Point Share (BPS) to understand each individual segment’s relative contribution to the market growth. This detailed level of information is important for the identification of various key trends being witnessed in the plywood market.
Another key feature of this report is the analysis of all the key segments in the plywood market, sub-segments and the regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the plywood market.
In order to understand the key market segments in terms of the growth and consumption of plywood across concerned regions, FMI has developed the attractiveness index, which will help providers to identify real market opportunities.
In the final section of the report, a competitive landscape of the plywood market has been included to provide report audiences with a dashboard view, categorised on the basis of providers present in the value chain, their presence in the plywood market and key differentiating factors and strategies. The primary category of providers covered in the report is plywood manufacturers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the plywood market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of in-depth assessment of their capabilities and success in the plywood marketplace. Detailed profiles of providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments pertaining to the plywood market. Examples of some of the key competitors covered in this report include Weyerhaeuser Company, Boise Cascade Company, Century Plyboards (India) Ltd, Greenply Industries Limited, Georgia-Pacific, LLC, Uniply industries Ltd, JAYA TIASA HOLDINGS BERHAD, UPM-Kymmene Oyj, SUBUR TIASA HOLDINGS BERHAD and Sveza-Les LLC, among others.
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