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The growth of the global plywood industry is strengthened by an upsurge in construction activities across the globe. The Asia Pacific is the dominant regional market for plywood, accounting for the major share within the market. The continent has India and China as significant markets due to the high population growth rate and rising per capita income. Further, advancements in technology to lower the manufacturing costs, enhanced quality of the plywood merchandise, and increasing profits, are some of the factors that are influencing the market positively.
The mergers and acquisitions among the key players in the industry is also likely to boost the market growth by helping players streamline, expand, and solidify their presence in the market. Boise Cascade Company (NYSE: BCC), a plywood company, announced in January 2020 that it had entered an agreement involving the sale of North Carolina plywood mill to Southern Veneer Products. Southern Veneer is a manufacturer of high-quality plywood. Further, the rising demand for supreme plywood material is expected to aid the industry.
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Georgia-Pacific LLC, PotlatchDeltic Corporation, Weyerhaeuser Company, Boise Cascade, UPM-Kymmene Corporation, and Sveza, among others, are the key players in the global plywood market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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