Product Code: ETC340709 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines Plywood Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 14.21% in 2025, the market peaks at 16.50% in 2027, and settles at 10.28% by 2029.
By 2027, Philippines's Plywood market is forecasted to achieve a exponential growth rate of 16.50%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The plywood market size of Philippines was estimated at US$ 246. 3 million in 2025 and is anticipated to register a healthy CAGR of 5. 2% over the coming years on account of increased demand for furniture products from residential as well as non-residential buildings along with investment opportunities that have been created through various government schemes like ?Build Build Build? program which aims towards building more than 100 new infrastructures including airports, seaports etc., across all provinces. Moreover stringent regulations towards sustainable forest management practices will also contribute further towards industry expansion plans going ahead.
The Philippines plywood market is poised for expansion due to the construction and furniture industries` continuous growth. Plywood is a fundamental material in these sectors, used for various applications such as flooring, cabinetry, and structural components. The increasing demand for affordable yet sturdy construction materials, along with the surge in home improvement and interior design projects, will drive plywood consumption. As the trend towards sustainable and eco-friendly materials gains traction, the market may see a shift towards certified and responsibly sourced plywood.
The Philippines plywood market outlook is influenced by various challenges. One significant challenge is the competition from alternative engineered wood products and imported plywood, which may affect the demand for locally produced plywood. Quality control and standardization also pose challenges, as variations in plywood quality can impact its performance and durability. Additionally, sustainable forest management and responsible sourcing are growing concerns, requiring the plywood industry to address issues related to deforestation and environmental impact. To thrive, the market needs to invest in technology, enhance product quality and durability, and adopt sustainable practices throughout the supply chain.
The Philippines plywood market serves various sectors, including construction, furniture, and packaging. The COVID-19 pandemic impacted the market as construction projects were temporarily halted, and consumer spending on non-essential items decreased. As the economy improves and construction activities resume, the demand for plywood is likely to increase. Innovations in sustainable and engineered wood products may also influence market trends.
In the construction and furniture industries, the Philippines plywood market is expected to see steady growth. Leading players include Plywood Philippines Corporation, WoodCraft Furnishings, and TimberLink Industries. These companies offer a range of plywood products for various applications, including construction, interior design, and packaging. As the demand for housing and infrastructure projects remains strong, the plywood market is anticipated to experience consistent demand.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Plywood Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Plywood Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Plywood Market - Industry Life Cycle |
3.4 Philippines Plywood Market - Porter's Five Forces |
3.5 Philippines Plywood Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.6 Philippines Plywood Market Revenues & Volume Share, By Thickness, 2021 & 2031F |
3.7 Philippines Plywood Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.8 Philippines Plywood Market Revenues & Volume Share, By Wood Type, 2021 & 2031F |
3.9 Philippines Plywood Market Revenues & Volume Share, By Number of Ply, 2021 & 2031F |
3.10 Philippines Plywood Market Revenues & Volume Share, By Sales Channel , 2021 & 2031F |
3.11 Philippines Plywood Market Revenues & Volume Share, By Application , 2021 & 2031F |
4 Philippines Plywood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction activities in the Philippines |
4.2.2 Increasing demand for furniture and interior design solutions |
4.2.3 Rise in government infrastructure projects |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Competition from alternative materials like engineered wood |
4.3.3 Environmental concerns and regulations related to logging |
5 Philippines Plywood Market Trends |
6 Philippines Plywood Market, By Types |
6.1 Philippines Plywood Market, By Size |
6.1.1 Overview and Analysis |
6.1.2 Philippines Plywood Market Revenues & Volume, By Size, 2021-2031F |
6.1.3 Philippines Plywood Market Revenues & Volume, By 4?? x 8?? Plywood, 2021-2031F |
6.1.4 Philippines Plywood Market Revenues & Volume, By 4?? x 6?? Plywood, 2021-2031F |
6.1.5 Philippines Plywood Market Revenues & Volume, By 4?? x 10?? Plywood, 2021-2031F |
6.1.6 Philippines Plywood Market Revenues & Volume, By 3?? x 6?? Plywood, 2021-2031F |
6.1.7 Philippines Plywood Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Plywood Market, By Thickness |
6.2.1 Overview and Analysis |
6.2.2 Philippines Plywood Market Revenues & Volume, By < 8mm Plywood, 2021-2031F |
6.2.3 Philippines Plywood Market Revenues & Volume, By 8mm ?? 18mm Plywood, 2021-2031F |
6.2.4 Philippines Plywood Market Revenues & Volume, By > 18mm Plywood, 2021-2031F |
6.3 Philippines Plywood Market, By Grade |
6.3.1 Overview and Analysis |
6.3.2 Philippines Plywood Market Revenues & Volume, By MR Grade Plywood, 2021-2031F |
6.3.3 Philippines Plywood Market Revenues & Volume, By BWR Grade Plywood, 2021-2031F |
6.3.4 Philippines Plywood Market Revenues & Volume, By Fire Resistant Grade Plywood, 2021-2031F |
6.3.5 Philippines Plywood Market Revenues & Volume, By BWP Grade Plywood, 2021-2031F |
6.3.6 Philippines Plywood Market Revenues & Volume, By Structural Grade Plywood, 2021-2031F |
6.4 Philippines Plywood Market, By Wood Type |
6.4.1 Overview and Analysis |
6.4.2 Philippines Plywood Market Revenues & Volume, By Softwood, 2021-2031F |
6.4.3 Philippines Plywood Market Revenues & Volume, By Hardwood, 2021-2031F |
6.5 Philippines Plywood Market, By Number of Ply |
6.5.1 Overview and Analysis |
6.5.2 Philippines Plywood Market Revenues & Volume, By 3 Ply, 2021-2031F |
6.5.3 Philippines Plywood Market Revenues & Volume, By 5 Ply, 2021-2031F |
6.5.4 Philippines Plywood Market Revenues & Volume, By 7 ply and More, 2021-2031F |
6.6 Philippines Plywood Market, By Sales Channel |
6.6.1 Overview and Analysis |
6.6.2 Philippines Plywood Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.6.3 Philippines Plywood Market Revenues & Volume, By Distributors/Retailers, 2021-2031F |
6.7 Philippines Plywood Market, By Application |
6.7.1 Overview and Analysis |
6.7.2 Philippines Plywood Market Revenues & Volume, By Plywood for Furniture, 2021-2031F |
6.7.3 Philippines Plywood Market Revenues & Volume, By Plywood for Flooring & Construction, 2021-2031F |
6.7.4 Philippines Plywood Market Revenues & Volume, By Plywood for Packaging, 2021-2031F |
6.7.5 Philippines Plywood Market Revenues & Volume, By Plywood for Packaging, 2021-2031F |
6.7.6 Philippines Plywood Market Revenues & Volume, By Plywood for Marine Use, 2021-2031F |
6.7.7 Philippines Plywood Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Plywood Market Import-Export Trade Statistics |
7.1 Philippines Plywood Market Export to Major Countries |
7.2 Philippines Plywood Market Imports from Major Countries |
8 Philippines Plywood Market Key Performance Indicators |
8.1 Plywood price index |
8.2 Plywood import/export volume |
8.3 Plywood production capacity utilization rate |
9 Philippines Plywood Market - Opportunity Assessment |
9.1 Philippines Plywood Market Opportunity Assessment, By Size, 2021 & 2031F |
9.2 Philippines Plywood Market Opportunity Assessment, By Thickness, 2021 & 2031F |
9.3 Philippines Plywood Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.4 Philippines Plywood Market Opportunity Assessment, By Wood Type, 2021 & 2031F |
9.5 Philippines Plywood Market Opportunity Assessment, By Number of Ply, 2021 & 2031F |
9.6 Philippines Plywood Market Opportunity Assessment, By Sales Channel , 2021 & 2031F |
9.7 Philippines Plywood Market Opportunity Assessment, By Application , 2021 & 2031F |
10 Philippines Plywood Market - Competitive Landscape |
10.1 Philippines Plywood Market Revenue Share, By Companies, 2024 |
10.2 Philippines Plywood Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |