What is Birch Plywood Market?
Birch plywood is defined as the fine-grained wood which is mainly used for manufacturing home improvement project such as desks, shelves, among others. In addition, it is also used for wall panel, kitchen cabinet, interior wall & ceiling paneling, among others. Various advantages of using birch plywood such as higher strength, cost-effective prices, eco-friendly, high-quality multi-ply panel, and other benefits. Increasing development of residential & office spaces and growing inclination of homeowners towards interior designing are some of the major factors which affect the birch plywood growth of the market.
The market study is being classified by Type (Natural and Semi-natural), by Application (Furniture Industry, Interior Decoration, Engineering and Construction and Others) and major geographies with country level break-up.
UPM-Kymmene Oyj (Finland), SVEZA-Les (Russia), Georgia-Pacific (United States), Weyerhaeuser Company (United States), West Fraser Timber Co. Ltd. (Canada), Greenply Industries Limited (India), Boise Cascade Company (United States), Rimbunan Hijau (Malaysia), Samling Group of Companies (Malaysia) and Syktyvkar Plywood Mill (Russia) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Swanson Group Inc. (United States) and Potlatch Corporation (United States).
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global birch plywood market can witness an upsurge in the forecast period Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Birch Plywood market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Birch Plywood market by Type, Application and Region.
On the basis of geography, the market of Birch Plywood has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Usage of the Birch Plywood in the Construction Industry
- Rising Demand of Birch Plywood from structural panel industry
Market Trend
- Rising Disposable Incomes of the People and Changing Inclination of the Consumers Globally
Restraints
- Increased Cost of the Plywood When Compared With the Other Substitutes that Offer Similar Characteristics
Opportunities
- Rising Demand from Emerging Economics such as China, India, among others
Challenges
- Changing the Preference of the Packaging Manufacturers towards Materials Such As Plastics, Metals, and Cardboard
In March 2019, the Sveza Group Company has launched production of birch plywood with anti-slip coating as well as embossed hex. Hence, this launch will increase the product portfolio of the company
Key Target Audience
Birch Plywood Manufacturers, Traders/Distributors and Suppliers of Birch plywood Products, Government and Regulatory Bodies and Research Institute and Organization