Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Wood Based Panels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global wood based panels market reached a value of US$ 155.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 225.1 Billion by 2027, exhibiting a CAGR of 6.15% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Wood based panels are made from wood chips, strips, veneers, strands or fibres. They comprise particleboard, medium-density fiberboard (MDF), high-density fiberboard (HDF), plywood, softboard, hardboard, and oriented strand board (OSB). They are cost-efficient due to the utilization of surface veneering technology of particleboard and moderate density fiberboard in their manufacturing. In addition, they are moisture and temperature-resistant with enhanced shape stability compared to solid wood furniture. As a result, they find extensive applications in the construction, packaging, and shipping industries across the globe.

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Wood Based Panels Market Trends:

At present, there is a rise in the utilization of wood based panels for providing high structural durability to roofs and floors, walls, beams, doors, and staircases. This, along with the growing demand for oriented strand board (OSB) as it is a cost-effective solution for home construction, represents one of the key factors driving the market. Moreover, governments of several countries are extensively investing in the infrastructure development of residential and commercial sectors around the world. This, coupled with the burgeoning construction industry, is propelling the growth of the market. In addition, the rising demand for aesthetically appealing furniture among individuals is offering lucrative growth opportunities to industry investors. Besides this, key market players are performing research and development (R&D) activities to introduce innovation in the production processes of wood based panels. In line with this, they are focusing on capacity expansion to cater to the increasing demand for wood based panels among consumers, which is positively influencing the market. Apart from this, the mechanical innovation and expanding productivity in fixing, assembling, and redesigning exercises of wood based panels are bolstering the growth of the market. Other growth-inducing factors are rapid urbanization, the growing global population, and inflating income levels of individuals.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wood based panels market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, distribution channel and application.

Breakup by Product Type:

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF)
  • Oriented Strand Board (OSB)
  • Particleboard
  • Softboard and Hardboard
  • Plywood
  • Others
     

Breakup by Distribution Channel:

  • Direct Sales
  • Online Stores
  • Specialty Stores
  • Others
     

Breakup by Application:

  • Furniture
  • Construction
  • Packaging
  • Others
     

Breakup by Region:

 

 
 

www.imarcgroup.com

To get more information on the regional analysis of this market, Request Sample

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holding Co. Ltd., Kastamonu Entegre, Louisiana-Pacific Corporation, Sonae Arauco, Starbank Panel Products Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holding Co. Ltd., Kastamonu Entegre, Louisiana-Pacific Corporation, Sonae Arauco, Starbank Panel Products Ltd., West Fraser Timber Co. Ltd. and Weyerhaeuser Company.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Wood Based Panels Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Oriented Strand Board (OSB)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Particleboard
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Softboard and Hardboard
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Plywood
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Distribution Channel
    7.1    Direct Sales
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Online Stores
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Specialty Stores
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Application
    8.1    Furniture
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Construction
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Packaging
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Binderholz GmbH
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Dongwha Enterprise
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    EGGER Group
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Evergreen Fibreboard Berhad
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
        14.3.5    Georgia-Pacific LLC (Koch Industries Inc.)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 SWOT Analysis
        14.3.6    Green River Holding Co. Ltd.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Kastamonu Entegre 
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Louisiana-Pacific Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Sonae Arauco
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Starbank Panel Products Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    West Fraser Timber Co. Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Weyerhaeuser Company
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Wood Based Panels Market: Major Drivers and Challenges
Figure 2: Global: Wood Based Panels Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Wood Based Panels Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Wood Based Panels Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Wood Based Panels Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Wood Based Panels Market: Breakup by Application (in %), 2021
Figure 7: Global: Wood Based Panels Market: Breakup by Region (in %), 2021
Figure 8: Global: Wood Based Panels (Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Wood Based Panels (Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Wood Based Panels (Oriented Strand Board (OSB)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Wood Based Panels (Oriented Strand Board (OSB)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Wood Based Panels (Particleboard) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Wood Based Panels (Particleboard) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Wood Based Panels (Softboard and Hardboard) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Wood Based Panels (Softboard and Hardboard) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Wood Based Panels (Plywood) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Wood Based Panels (Plywood) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Wood Based Panels (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Wood Based Panels (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Wood Based Panels (Direct Sales) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Wood Based Panels (Direct Sales) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Wood Based Panels (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Wood Based Panels (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Wood Based Panels (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Wood Based Panels (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Wood Based Panels (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Wood Based Panels (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Wood Based Panels (Furniture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Wood Based Panels (Furniture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Wood Based Panels (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Wood Based Panels (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Wood Based Panels (Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Wood Based Panels (Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Wood Based Panels (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Wood Based Panels (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Wood Based Panels Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Wood Based Panels Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Wood Based Panels Industry: SWOT Analysis
Figure 86: Global: Wood Based Panels Industry: Value Chain Analysis
Figure 87: Global: Wood Based Panels Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Wood Based Panels Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Wood Based Panels Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Wood Based Panels Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Wood Based Panels Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Wood Based Panels Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Wood Based Panels Market: Competitive Structure
Table 7: Global: Wood Based Panels Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Questions Answered in This Report

The global wood based panels market was valued at US$ 155.3 Billion in 2021.

We expect the global wood based panels market to exhibit a CAGR of 6.15% during 2022-2027.

The extensive utilization of wood based panels across construction, packaging, and shipping industries, as they are cost-effective, aesthetically appealing, and temperature-resistant with enhanced shape stability, is primarily driving the global wood based panels market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous construction activities, thereby negatively impacting the overall demand for wood based panels.

Based on the product type, the global wood based panels market has been segmented into Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF), Oriented Strand Board (OSB), particleboard, softboard and hardboard, plywood, and others. Among these, plywood represents the largest market share.

Based on the application, the global wood based panels market can be bifurcated into furniture, construction, packaging, and others. Currently, furniture accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global wood based panels market include Binderholz GmbH, Dongwha Enterprise, EGGER Group, Evergreen Fibreboard Berhad, Georgia-Pacific LLC (Koch Industries Inc.), Green River Holding Co. Ltd., Kastamonu Entegre, Louisiana-Pacific Corporation, Sonae Arauco, Starbank Panel Products Ltd., West Fraser Timber Co. Ltd., and Weyerhaeuser Company.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links