The US hardwood plywood market is projected to reach $1.4022 billion in 2024, marking a 2.6% increase from the estimated $1.3663 billion in 2023. Over the next four years, the market is forecasted to grow steadily, with values reaching $1.5563 billion by 2028. Year-on-year growth rates of 2.83%, 2.69%, 2.58%, and 2.45% from 2025 to 2028 suggest a consistent upward trend. The compound annual growth rate (CAGR) for the period of 2024 to 2028 is expected to be approximately 2.44%.

Key trends to watch for in the future include:

Increased demand for sustainable and eco-friendly plywood products.
Technological advancements in plywood production and coating processes.
Potential impact of trade policies and tariffs affecting import and export volumes.
Shifts in construction and remodeling sectors influencing overall demand.