Increasing government spending in the construction industry is expected to drive the expansion of the plywood industry in the near future at a CAGR of 4.3% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Australia & New Zealand Plywood Market”.

The plywood market is estimated to register a CAGR of 4.3% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the Australia & New Zealand plywood market— UPM-KYMMENE (Wisa Plywood), Koskisen, Metsa Group, CHH Plywood, Big River Group, Plywood Australia Pty Ltd, Austral Plywoods, Plyco, Auswood International Pty Ltd, and IPL Plywood Ltd, among others.

Australia New Zealand Plywood Market Highlights

The Australia & New Zealand plywood market is accounted to register a CAGR of 4.3% during the forecast period and is estimated to reach USD 1,555.7 Million by 2032.

The increasing government spending in the construction industry will bring new opportunities for the Australia & New Zealand Plywood market growth over the forecasted timeline. For instance, in May 2023, the government of New Zealand announced that it has invested more than USD 24 million in regional projects that includes Development and construction of an industrial park, Development of a new intermodal business park, among others. In addition, the New Zealand government has also announced a Housing Acceleration Fund and invested approximately USD 350 million in this. Through this fund the government announced a development of various residential buildings for rent and home ownership for poor peoples. This will increase the demand for plywood products for construction sector in the region. In the construction industry, the plywood is used for beams, hoardings, crates, bins, internal structures, outdoor furniture, boxes, wall, and roof bracing.

However, The increasing adoption of substitutes poses a significant restraint on the growth of the Australia & New Zealand Plywood market during the forecast period. As alternative materials such as MDF or Medium-Density Fiberboard, laminated veneer lumber (LVL), and particleboard are gaining popularity in various application areas such as furniture, construction & building, flooring, among others. As, end-use industry demands high-quality, more dependable, and less priced products, and these substitutes are among them. To address several substitutes, plywood manufacturers must focus on innovation, offering unique features and value propositions that differentiate their plywood from substitutes, such as improved durability, high efficiency, smooth surface, more reliable, high density, high strength, and technological innovations, to maintain market relevance and stimulate demand. This will help the plywood market to accelerate over the projected timeline.

Access full report @ https://www.marketresearchfuture.com/reports/australia-new-zealand-plywood-market-22170

Segment Analysis

The Australia & New Zealand plywood market has been segmented type, application, and end use.

Based on type, the Australia & New Zealand plywood market segmentation includes softwood plywood and hardwood plywood. The softwood plywood segment held the majority market share in 2023 and is expected to grow at a significant growth rate. Softwood plywood is lighter than hardwood plywood, making it easier to handle and transport. Despite its superior durability, it may not be as resistant to wear and tear as hardwood flooring. However, flexible plywood remains a popular choice for many applications due to its cost effectiveness and suitability for a wide range of projects. Plywood is also very useful in exterior applications such as siding and decking, where weather resistance and longevity improve durability of buildings and exterior structures. From home renovations to commercial projects, plywood is a versatile and durable material that brings beauty and function to any application.

Based on application, the Australia & New Zealand plywood market segmentation includes furniture, flooring & construction, automotive interiors, packaging, and others. Flooring & construction segment dominated the market in 2023 and is expected to continue dominating the market during the forecast period 2024-2032. Plywood is widely used within the construction and building industry. In construction plywood is used in a wide and diverse range of applications such as structural framing or enclosing a structure, roofing, flooring, formwork, wall sheathing and decorative finishes. One of the main applications of plywood in construction is for structural framing or its use as material for enclosing a structure.

Based on end use, the plywood market segmentation includes residential, commercial, industrial. The residential segment dominated the market in 2023. The residential segment of the plywood covers a different range of applications such as homes, apartments, and other residential buildings. Plywood is used in residential construction and renovation projects. Plywood is amongst the best materials that can be used to create top quality residential furniture. In this furniture, high grade plywood that is polished can be used on external surfaces, while unpolished, low-grade plywood can be used to create surfaces that are not visible, such as the underside of cupboards and so on.

Regional Analysis

The Australia & New Zealand plywood market, based on region, has been divided into Australia and New Zealand. Australia held the largest market share in 2023. Plywood market in Australia is growing tremendously in recent years with several factors shaping the market. Plywood in Australia widely used in different structural applications such as flooring, wall sheathing, and roofing purposes. Australia’s healthy construction sectors, urbanization and population growth has been a major driver of demand for plywood products. Furthermore, trends of the country’s towards building renovation and remodeling projects in residential, commercial, and industrial sectors have fueled the demand for plywood for interior and exterior applications. Australia’s forestry sector has changed significantly over recent decades in response to a range of environmental, market and policy challenges. These changes have resulted in a diverse domestic sector characterized by several forest regions with different forest types, an array of processing technologies and reliance on both domestic and international markets. Forest product markets are dynamic, and Australia’s forestry sector will continue to adapt to varying economic, environmental and policy factors over the longer term.

New Zealand is the leading region to produce structural plywood and have been exporting their products to different international markets, particularly in the Asia-Pacific province. Demand from countries like China, Vietnam, Japan, and other country has provided significant growth opportunities for the industry in the country. For instance, New Zealand has exported $6.64 billion forestry products in 2022 and among of total 54% forestry exports went to China only. CHH Plywood is one of the largest producers of plywood in New Zealand with industry experience over more than 150 years manufacturing from its central North Island site at Tokoroa, produces brands Ecoply, Shadowclad, and Handiply for use in both structural and non-structural applications which is also flourishing the demand of plywood in the country. New Zealand’s highest quality and safety standards plywood products are widely used in vast applications including marine, engineering, interiors application, construction, and architectural.

Key Findings of the Study

• The Australia & New Zealand plywood market is expected to reach USD 1,555.7 Million by 2032, at a CAGR of 4.3% during the forecast period.


• The Australia held the largest market share due to Australia’s healthy construction sectors, urbanization and population growth.


• Based on End Use, the residential was attributed to holding the largest market in 2023, and commercial segment held the second largest market share.


• UPM-KYMMENE (Wisa Plywood), Koskisen, Metsa Group, CHH Plywood, Big River Group, Plywood Australia Pty Ltd, Austral Plywoods, Plyco, Auswood International Pty Ltd, and IPL Plywood Ltd, among others.


• Based on Type, the softwood plywood segment held the largest market share in 2023 and hardwood plywood segment held the second largest market share in 2023.