Chemicals, Fuels & Wood Products

Plywood: Market Size, Growth & Forecast to 2030

The Plywood market is valued at about $54.2 billion (2026) and is projected to grow at a 6.2% CAGR through 2030. The largest cost driver is Logs and Timber Feedstock (45% of spend). Asia Pacific leads demand at 48%.

Market size
$54.2 bn (2026)
CAGR to 2030
+6.2%
Buyer power
Favours buyers
Tracked suppliers
150
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 6.2% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 135

Cost structure

Logs and Timber Feedstock
45%
Adhesives and Resins
20%
Energy and Manufacturing Utilities
15%
Logistics and Freight
12%
Labor and Overhead
8%

Regional demand split

Asia Pacific demand
48%
North America demand
26%
Europe demand
16%
Rest of world demand
10%

Key suppliers

West Fraser Timber Co. Ltd.Weyerhaeuser CompanyBoise Cascade CompanyUPM-Kymmene CorporationStora Enso OyjGeorgia-Pacific LLC
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/plywood