Europe Wood Based Panel Market is expected to reach USD 28.03 billion by 2025

 Europe Wood Based Panel Industry Overview

The Europe wood based panel market is expected to reach USD 28.03 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for lightweight, high strength, and sturdy materials for packaging applications is expected to propel growth.

 

Europe Wood Based Panel Market Segmentation

Grand View Research has segmented the Europe wood based panel market on the basis of product, application, and region:

 

Based on the Application Insights, the market is segmented into Furniture, Construction and Packaging.

  • The demand for the wood based panel in Europe was dominated by the furniture segment, which accounted for 56.1% of the overall application demand. The increasing demand for wooden ethnic design furniture for living rooms and bedrooms in the region is expected to drive growth over the projected period.
  • The demand for cabinets for personal computers at home and the workplace is growing in Europe. Traditionally, wood has been a key material of choice in the European furniture industry and this trend is expected to continue over the forecast period.
  • The wood products are bio-derived and recyclable, they are expected to witness significant growth in the packaging application over the forecast period. The demand for the product in packaging application is expected to grow at a CAGR of 8.1% from 2017 to 2025. 
  • Wood based panels offer high strength and impact resistance, which in turn makes them a preferred packaging material, especially for long-distance transports. The increasing demand for environmental-friendly packaging products to replace non-recyclable packaging materials is expected to have a positive impact on industry growth.

 

Based on the Product Insights, the market is segmented into MDF, HDF, Particleboard, OSB, Softboard, Hardboard and Plywood.

  • Softboard is expected to grow at a CAGR of 9.6% from 2017 to 2025 owing to its multipurpose application scope across the end-use industries. The product is easy to handle and transport as it offers lightweight and low density. Increasing product penetration in the industry is likely to have a positive impact on industry growth over the projected period.

  • MDF offers consistent shape, strength, and size which is likely to drive the product demand in furniture manufacturing applications. However, it offers poor water resistance and is susceptible to humid atmospheric conditions, which is expected to hamper the industry growth in external applications over the forecast period.

  • HDF is majorly used in non-load-bearing interior applications. It finds application in manufacturing interior designs, cupboard backs, furniture components, shutters, doors, and packaging products. Various characteristics offered by the product, including high stability, easy processing, smooth surface, and increased density, are expected to have a positive impact on industry growth.

  • Particleboard has an ability to substitute its latter parts, such as plywood, owing to its lower cost. In addition, it is denser and more uniform as compared to traditional wood products and plywood, which is expected to have a positive impact on market growth over the forecast period.

 

Europe Wood Based Panel Regional Outlook

Europe

  • Germany
  • France
  • The U.K.
  • Belgium
  • The Netherlands
  • Spain
  • Portugal
  • Rest of Europe

 

Key Companies Profile & Market Share Insights

The industry is highly competitive, and dynamic. Investment, divestment, and regional expansion are expected to be the key strategies for industry players to strengthen their presence in the industry. Moreover, the companies launch various grades and designs of the panels to garner market share.

 

Order a free sample PDF of the Europe Wood Based Panel Market Intelligence Study, published by Grand View Research.

 

 

 

 

 

Comments

Post a Comment

Popular posts from this blog

Global Potash Market: Trends, Growth & Forecast 2023-2032

T he global  potash market  size is expected to reach USD 93.50 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032, according to a new study by Grand View Research, Inc. This is attributed to the increasing demand for food and efficient usage of agricultural land. As consumers seek healthier options, there has been a surge in demand for high-value crops like fruits, vegetables, and specialty crops, boosting the demand for potash. Furthermore, the adoption of precision agriculture techniques has become increasingly prevalent in recent years. Precision agriculture involves using advanced technologies and data-driven approaches, such as soil testing and targeted nutrient management, to make informed decisions about fertilizer application.   Farmers are embracing precise and site-specific methods for applying fertilizers, based on field variability and crop requirements. This trend makes way for optimized resource utilization, improved crop performance, and enhanced...
Read more

Smart Ticketing Market Report: Emerging Technologies & Market Opportunities

  The global smart ticketing market size is expected to reach USD 31.65 billion by 2030, growing at a CAGR of 15.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. With the widespread adoption of smartphones, mobile ticketing channels have gained traction, allowing users to purchase, store, and validate tickets directly on their mobile devices, eliminating the need for physical cards or paper tickets. The convenience and ease of use offered by mobile ticketing have contributed to the growth of the market. Smart ticketing systems generate vast amounts of data on passenger journeys, travel patterns, and ticket usage.   Operators leverage this data to gain valuable insights, optimize operations, and improve the overall passenger experience. Data analytics techniques, such as predictive modeling and real-time monitoring, are being applied to enhance efficiency, manage capacity, and offer personalized services, which bode well for smart ticketing...
Read more

Boosting Crop Yields: India Foliar Fertilizer Market Trends & Forecasts

  The  India foliar fertilizer market  size is expected to reach USD 4.9 billion by 2030, expanding at a CAGR of 11.3% during the forecast period, as per a new report by Grand View Research, Inc. The industry growth is majorly driven by surged demand for food due to increasing population coupled with supportive government initiatives and decreasing arable land in the country.   There has been a significant increase in the global prices of fertilizers and foliar fertilizers. As such, farmers falling into small- and marginal-income categories cannot afford to buy fertilizers resulting in reduced agricultural yields. This has led the Government of India to take initiatives to provide fertilizer subsidies to farmers in the country to make them affordable at subsidized prices. For instance, the Government of India announced a subsidy scheme related to fertilizers worth USD 27 billion in 2022 to ensure that fertilizers are affordable for every farmer in the country. Thus, ...
Read more