The Canada plywood market size reached USD 1,009.46 Million in 2024. The market is projected to reach USD 1,509.22 Million by 2033, exhibiting a growth rate (CAGR) of 4.57% during 2025-2033. With the rise of new residential, commercial, and infrastructure developments nationwide, builders continue to depend on plywood for various structural and interior applications, including flooring, roofing, walls, subfloors, and cabinetry. The presence of raw materials ensures steady production, motivating both small and large plywood manufacturers to function effectively. This is fueling the Canada plywood market share.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 1,009.46 Million |
Market Forecast in 2033 | USD 1,509.22 Million |
Market Growth Rate 2025-2033 | 4.57% |
Increasing construction activities
Rising construction activities are positively influencing the market in Canada. As new residential, commercial, and infrastructure projects are emerging across the country, builders continue to rely on plywood for a wide assortment of structural and interior uses, such as flooring, roofing, walls, subfloors, and cabinetry. Plywood’s strength, stability, and ease of installation make it a preferred choice in both traditional and modern construction. With population growth and urban development, especially in cities like Toronto, Vancouver, and Calgary, the need for housing and public facilities continues to rise, driving the demand for plywood. Renovation and retrofitting of older buildings are also contributing to the market growth, as plywood is commonly employed in refurbishing work. In colder regions, plywood’s resistance to warping and its insulation properties are valued in construction. Moreover, the shift towards sustainable and energy-efficient building practices is supporting the utilization of certified plywood products. Government investments in infrastructure projects like schools, hospitals, and transit systems are adding further momentum. This steady increase in construction activities is leading to higher production, innovation, and supply chain efficiency within the plywood industry. As per industry reports, the construction industry in Canada is anticipated to grow by 3.9% to attain CAD 222.11 Billion in 2024.
Abundant forest reserves
Abundant forest reserves are propelling the Canada plywood market growth. As per the World Population Review, in the beginning of January 2025, Canada had nearly 95,000 square kilometers of its land area covered in forests. This significantly exceeded the second largest country regarding forest area, which was Russia. Canada is rich in timber resources, with vast areas of managed forests that supply the wood needed for plywood production. This natural advantage allows plywood manufacturers to access high-quality softwood and hardwood logs locally, reducing dependency on imports and keeping production costs stable. The availability of raw materials is supporting consistent manufacturing, encouraging both small and large-scale plywood producers to operate efficiently. It also allows the employment of a wide variety of plywood types, meeting diverse needs in construction, furniture, and industrial applications. The presence of well-developed forestry management practices ensures long-term supply through replanting and conservation efforts, aligning with high demand for sustainable wood items. The local timber supply also supports innovations, such as engineered plywood with improved strength and moisture resistance. In addition, having forests close to production facilities lowers transportation costs and refines supply chain speed.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on application and sector.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes residential and commercial.
Sector Insights:
A detailed breakup and analysis of the market based on the sector have also been provided in the report. This includes new construction and replacement.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Applications Covered | Residential, Commercial |
Sectors Covered | New Construction, Replacement |
Regions Covered | Ontario, Quebec, Alberta, British Columbia, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: