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Plywood Forwarding Market Size, Share, Revenue, Trends And Growth Drivers For 2023-2032
Plywood Forwarding Market
The Business Research Company's Plywood Forwarding Global Market Report 2023 identifies growth of the interior design and furniture industry as the major driver for the Plywood Forwarding market's growth in the forecast period. Interior designing and furniture refer to the designing of homes or organizations. The interior design and furniture industry use large amounts of plywood as a better alternative to raw wood, as a result, the growth of interior design and furniture increases the demand for the plywood market.
The global plywood market size is expected to grow from $54.79 billion in 2022 to $59.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of plywood is expected to grow to $85.26 billion in 2027 at a compound annual growth rate (CAGR) of 9.4%.
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Major competitors in the Plywood Forwarding market are Georgia-Pacific LLC, PotlatchDeltic Corporation, Boise Cascade Company, UPM-Kymmene Oyj, SVEZA Forest Ltd.
A key trend in the Plywood Forwarding market includes strategic partnerships. Many companies operating in the plywood market are undergoing partnerships to meet customer demands. For instance, in January 2022, Boise Cascade Millwork, a US-based manufacturer of plywood partnered with Simpson Door Company, a US-based company manufacturer of the interior, exterior, and custom wood doors. With this partnership, Boise company will expand its offering of top-notch doors and services to its customers in Atlanta. Further, in another partnership, Quant, a Sweden-based company operating in industrial maintenance partnered with Metsä Wood, a Finland-based company that manufactures plywood.
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The Plywood Forwarding market is segmented -
• By Type: Softwood, Hardwood
• By Application: Furniture, Flooring And Construction, Automotive Interiors, Packaging, Marine, Other Applications
• By End User: Residential, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Plywood Forwarding market.
The Business Research Company's "Global Plywood Forwarding Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Plywood Forwarding Market Include:
1. Executive Summary
2. Plywood Market Characteristics
3. Plywood Market Trends And Strategies
4. Plywood Forwarding Market - Macro Economic Scenario
5. Plywood Market Size And Growth
………………………………………………
26. Africa Plywood Market
27. Plywood Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plywood Market
29. Plywood Market Future Outlook and Potential Analysis
30. Appendix
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