The South Korea plywood market size reached USD 956.73 Million in 2024. The market is projected to reach USD 1,424.24 Million by 2033, exhibiting a growth rate (CAGR) of 4.52% during 2025-2033. The convenient availability of timber in the country is enabling producers to develop an extensive range of plywood categories, such as marine, commercial, and decorative grades, fulfilling both local and global needs. In addition, the broadening of retail outlets is creating the need for durable, flexible, and aesthetically pleasing materials used in shopfitting and interior construction, which is fueling the South Korea plywood market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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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 956.73 Million |
Market Forecast in 2033 | USD 1,424.24 Million |
Market Growth Rate 2025-2033 | 4.52% |
Abundance of timber
The abundance of timber is positively influencing the market in South Korea. The country possesses a significant natural advantage in plywood manufacturing due to its extensive forest reserves. As per industry reports, between 2021 and 2024, the total area of urban forest in Seoul rose by 6.53%. This convenient availability of timber enables producers to create an extensive range of plywood categories, such as marine, commercial, and decorative grades, fulfilling both local and global needs. The regional access to timber is contributing to lowering manufacturing expenses, enabling South Korean plywood to be very competitive in international markets. It also enables ongoing production and assists in fulfilling large export orders effectively. Numerous plywood manufacturers are situated close to forested areas, resulting in reduced transportation expenses and enhanced supply chain efficiency. Furthermore, the variety of wood species enables new developments and the creation of specialized plywood products. The plentiful supply of timber is also drawing international investments into wood processing plants, thereby bolstering the industry. Additionally, as the nation persists in exporting forestry goods, the plywood industry will expand consistently.
Growth of furniture manufacturing
The growth of furniture manufacturing is creating the need for reliable, affordable, and adaptable materials used in both mass-produced and custom-made furniture. As the domestic demand for stylish, space-saving, and multifunctional furniture is rising, plywood is becoming a preferred choice due to its strength, versatility, and smooth surface. South Korean furniture manufacturers use plywood extensively in the production of cabinets, beds, wardrobes, tables, and shelves, as it supports modern designs and can be easily finished with veneers or laminates. The trend of minimalistic and compact furniture, especially for small urban apartments, is further boosting plywood utilization. Additionally, the country’s export of furniture products is contributing to sustained plywood usage, as manufacturers are seeking materials that balance quality and cost. With innovations in designs and high demand from both residential and commercial sectors, the thriving furniture industry is significantly contributing to the steady growth of the South Korea plywood market. As per industry reports, the South Korea furniture market size is set to expand at a CAGR of 4.75%, attaining a value of USD 5.18 Billion by 2030.
Expansion of retail channels
The expansion of retail outlets is fueling the South Korea plywood market growth. As more shopping malls, department stores, convenience stores, and branded outlets are opening across cities, plywood is widely used for shelving, counters, partitions, and display units. Retailers are choosing plywood for its affordability, ease of customization, and ability to support modern design trends. The growing popularity of pop-up shops and temporary retail installations is also contributing to plywood demand due to its portability and reusability. With frequent renovations and layout changes in the competitive retail environment, plywood is becoming a practical solution for quick and cost-effective updates. As retail continues to evolve with user preferences and digital integration, the need for adaptable interior materials like plywood is strengthening, supporting the continued growth of the plywood market in South Korea. As per the IMARC Group, the South Korea retail market size is set to attain USD 820.0 Million by 2033, exhibiting a growth rate (CAGR) of 7.4% during 2025-2033.
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 Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), 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 | Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), 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:
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