Global plywood market to rise sharply in the next ten years
The global plywood market is valued at US$85.5bn as of 2023. The market is expected to grow at a CAGR of 6.3% during the period 2023-2033, and by 2033, the market is expected to be valued at US$156.9bn. Asia-Pacific is expected to be the largest plywood market during the forecast period. China is expected to grow at a CAGR of 6.7%, and India at a CAGR of 6.4%. One of the major factors behind market growth is rapid urbanisation. This has led to ...
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