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Report
Wood Based Panels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 145 Pages I IMARC Group
Market Overview:
The global wood based panels market size reached US$ 165.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 236.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
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.
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 report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel and application.
Breakup by Product Type:
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:
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.
Key Questions Answered in This Report
1. What was the size of the global wood based panels market in 2022?
2. What is the expected growth rate of the global wood based panels market during 2023-2028?
3. What are the key factors driving the global wood based panels market?
4. What has been the impact of COVID-19 on the global wood based panels market?
5. What is the breakup of the global wood based panels market based on the product type?
6. What is the breakup of the global wood based panels market based on the application?
7. What are the key regions in the global wood based panels market?
8. Who are the key players/companies in the global wood based panels market?
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
Figure 1: Global: Wood Based Panels Market: Major Drivers and Challenges
Figure 2: Global: Wood Based Panels Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Wood Based Panels Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Wood Based Panels Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Wood Based Panels Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Wood Based Panels Market: Breakup by Application (in %), 2022
Figure 7: Global: Wood Based Panels Market: Breakup by Region (in %), 2022
Figure 8: Global: Wood Based Panels (Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Wood Based Panels (Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Wood Based Panels (Oriented Strand Board (OSB)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Wood Based Panels (Oriented Strand Board (OSB)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Wood Based Panels (Particleboard) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Wood Based Panels (Particleboard) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Wood Based Panels (Softboard and Hardboard) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Wood Based Panels (Softboard and Hardboard) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Wood Based Panels (Plywood) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Wood Based Panels (Plywood) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Wood Based Panels (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Wood Based Panels (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Wood Based Panels (Direct Sales) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Wood Based Panels (Direct Sales) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Wood Based Panels (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Wood Based Panels (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Wood Based Panels (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Wood Based Panels (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Wood Based Panels (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Wood Based Panels (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Wood Based Panels (Furniture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Wood Based Panels (Furniture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Wood Based Panels (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Wood Based Panels (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Wood Based Panels (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Wood Based Panels (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Wood Based Panels (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Wood Based Panels (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: United States: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: United States: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Canada: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Canada: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Asia-Pacific: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Asia-Pacific: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: China: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: China: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Japan: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Japan: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: India: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: India: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: South Korea: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: South Korea: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Australia: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Australia: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Indonesia: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Indonesia: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Others: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Others: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Europe: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Europe: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Germany: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Germany: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: France: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: France: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: United Kingdom: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: United Kingdom: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Italy: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Italy: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Spain: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Spain: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Russia: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Russia: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Latin America: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Latin America: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Brazil: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Brazil: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Mexico: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Mexico: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Middle East and Africa: Wood Based Panels Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Middle East and Africa: Wood Based Panels Market: Breakup by Country (in %), 2022
Figure 84: Middle East and Africa: Wood Based Panels Market Forecast: Sales Value (in Million US$), 2023-2028
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
Table 1: Global: Wood Based Panels Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Wood Based Panels Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Wood Based Panels Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Wood Based Panels Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Wood Based Panels Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Wood Based Panels Market: Competitive Structure
Table 7: Global: Wood Based Panels Market: Key Players
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