Top 6 Companies Dominating the Global Plywood Market, Driven by Rising Construction Sector

Georgia-Pacific LLC, PotlatchDeltic Corporation, Weyerhaeuser Company, Boise Cascade, UPM-Kymmene Corporation, and Sveza, among others, are the major players in the global plywood market. 

The global plywood market reached a value of about USD 49.78 billion in 2023. The market is projected to grow at a CAGR of 5% in the forecast period of 2024-2032 to reach around USD 77.18 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing demand for plywood in the construction and furniture sector.

Plywood, an engineered wood product, is crafted by bonding thin layers of wood veneer to form a sturdy and flat sheet. Employing a cross-graining technique, each layer's grain is oriented perpendicular to the adjacent one, enhancing dimensional stability and uniform strength. This method minimises wood splitting, expansion, and shrinkage. Plywood is prized for its durability, lightweight nature, cost-effectiveness, and ease of use, making it a versatile material suitable for various structural, interior, and exterior applications in construction, furniture, and cabinetry.

The plywood market growth is propelled by key trends, notably the surge in global construction activity and the expansion of the furniture sector. Rapid urbanisation, particularly in emerging economies, has spurred heightened infrastructure development, encompassing the construction of residential and commercial buildings. Plywood plays a vital role in these projects, finding extensive use in diverse applications like flooring, roofing, and wall sheathing.

The demand for plywood in the market is positively influenced by heightened spending on interior design and a growing inclination among homeowners to invest in aesthetically pleasing home furnishings and décor. Increasing global income levels and a rising consumer desire for stylish, durable furniture contribute to the plywood market development. As individuals seek trendy and high-quality pieces, the demand for plywood in creating appealing interiors and furnishings is on the rise, especially for refreshing existing structures.

In June 2023, Georgia-Pacific invested USD 18 million in upgrading its Camden Plywood Plant, a leading facility in the South. The improvement initiative aimed to modernise operations and enhance efficiency for sustained success. The capital plan encompassed various projects, commencing with the enhancement of the plant's dryer, contributing to the production of high-quality building materials and providing valuable employment opportunities in East Texas.

Top 6 Plywood Companies in the World:

Georgia-Pacific LLC

Georgia-Pacific, along with its subsidiaries, stands among the world's foremost manufacturers and marketers of various products, including napkins, bath tissue, paper towels, cellulose, tableware, paper-based packaging, speciality fibres, and building materials. With over 150 facilities globally and approximately 30,000 direct employees, the company has continuously evolved since its inception in Augusta, Georgia. Over the past century, Georgia-Pacific's growth has been fuelled by a forward-looking approach, seizing opportunities to expand into diverse industries and markets.

PotlatchDeltic Corporation

PotlatchDeltic, a Real Estate Investment Trust (REIT), possesses extensive timberland spanning nearly 1.9 million acres across several states. Operating sawmills, an industrial plywood mill, and engaging in real estate development, the company is committed to sustainable forest practices and responsible timberland management. As a top-10 U.S. lumber manufacturer, PotlatchDeltic upholds a legacy of excellence in timberland management, wood products manufacturing, and is dedicated to corporate citizenship for future generations.

Weyerhaeuser Company

For over a century, Weyerhaeuser Company has dedicated itself to cultivating trees and producing forest products that positively impact lives. As responsible stewards, the company manages millions of acres of forests sustainably for various purposes, including recreation, conservation, and renewable energy. The company’s wood products contribute to building homes, fostering family life. Committed to safety and excellence, the company offers diverse career opportunities globally for individuals passionate about making a meaningful difference.

Boise Cascade Company

Boise Cascade Company, a prominent building materials manufacturer and distributor, plays a vital role in constructing resilient homes, businesses, and communities. With a widespread presence across 60 locations in North America, the company’s strength lies in the people and culture. The company prioritises long-term relationships and upholds unwavering integrity, extending beyond the structural quality of products. Specialising in engineered wood products, panels, and lumber, the company offers environmentally friendly solutions for robust construction. The company’s wholesale distribution business complements this, delivering a diverse range of building materials, emphasising the significance of strong partnerships in the success.

UPM-Kymmene Corporation

UPM-Kymmene Corporation meets the surging consumer demand with recyclable products sourced responsibly from renewable raw materials. Across six business areas— UPM Raflatac, UPM Fibres, UPM Communication Papers, UPM Energy, UPM Specialty Papers, and UPM Plywood—the company champions responsible solutions and drive innovation for a fossil-free future. As an industry leader in responsibility, the company is committed to the UN Business Ambition for 1.5°C and science-based targets, aiming to combat climate change. With a global workforce of 17,000, UPM leads the forest industry in providing renewable solutions while prioritising sustainability and responsibility in all endeavours.

SVEZA

SVEZA stands as the foremost global producer of birch plywood, showcasing its excellence across 80 countries. Renowned for applications in skyscrapers, Olympic structures, long-haul trailers, high-speed trains, furniture, and interiors, the products blend quality with environmental responsibility. The company prioritise sustainability through conscientious resource use, responsible forest management, and corporate public initiatives. Employing cutting-edge machinery, its quality management aligns with ISO 9001 standards, ensuring SVEZA products are crafted from certified raw materials.