According to the latest report by Renub Research, the Global Plywood Market is expected to grow from US$ 48.95 billion in 2024 to US$ 73.01 billion by 2033, registering a steady CAGR of 4.54% between 2025 and 2033. The surge in demand is fueled by rapid construction activities, infrastructure development, and the growing popularity of sustainable and eco-friendly wood products.
Plywood, a versatile engineered wood product, is increasingly being used across industries, including residential construction, furniture manufacturing, packaging, and automotive interiors. With urbanization accelerating globally and the real estate sector thriving, the market for plywood is expected to witness substantial growth over the coming decade.
Construction and Infrastructure Development Drive Growth
The global construction sector is expanding rapidly due to urban migration, population growth, and rising investments in housing and commercial infrastructure. Plywood is widely preferred for its strength,
