U.S. Wood Based Panel Market Size & Outlook, 2025-2030
- Materials
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- Wood Based Panel Market Outlook
- Construction Materials
U.S. Wood Based Panel Market, 2018-2030 (US$M)
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U.S. wood based panel market highlights
- The U.S. wood based panel market generated a revenue of USD 27,250.9 million in 2024 and is expected to reach USD 43,252.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8% from 2025 to 2030.
- In terms of segment, osb was the largest revenue generating product in 2024.
- OSB is the most lucrative product segment registering the fastest growth during the forecast period.
Wood based panel market data book summary
| Market revenue in 2024 | USD 27,250.9 million |
| Market revenue in 2030 | USD 43,252.5 million |
| Growth rate | 8% (CAGR from 2025 to 2030) |
| Largest segment | Osb |
| Fastest growing segment | OSB |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | MDF, HDF, PB, OSB, Softboard, Hardboard, Plywood |
| Key market players worldwide | Dongwha Enterprise, Kronospan, SGS, EGGER Group, Norbord Industries, Kastamonu Entegre, Georgia-Pacific, ARAUCO, Canfor Corp, Pfeiffer Vacuum Technology AG, Sumitomo Corp |
Other key industry trends
- In terms of revenue, U.S. accounted for 13.8% of the global wood based panel market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. wood based panel market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,678.9 million by 2030.
The U.S. is the largest producer of agricultural products and thus, accounts for a high demand for woodbased panel packaging. Factors such as large market size, high disposable income, ability of established players to mass produce, and an extensive range of products are expected to boost the market growth in the region.
Major companies are increasingly opting for smart wood packaging products to meet with strict guidelines laid by the government bodies regarding safe storage of food products over a long duration as well as to improve the medical compliance rates.
For instance, Kronospan Limited has developed smart wood packaging solutions to increase adherence to regulatory standards. Such initiatives are expected to drive wood-based panel market over the forecast period.
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Publish Date: Feb 27, 2025
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Wood Based Panel Market Scope
Wood Based Panel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sumitomo Corp | View profile | 108,457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | www.sumitomocorp.co.jp |
| Georgia-Pacific | View profile | 10001+ | Atlanta, Georgia, United States, North America | www.gp.com/aboutus/companyoverview/index.html |
| Dongwha Enterprise | View profile | 1001-5000 | Yongdungpo, Seoul-t'ukpyolsi, South Korea, Asia | www.dongwha.co.kr |
| Norbord Industries | View profile | 10001+ | Toronto, Ontario, Canada, North America | www.norbord.com |
| Kronospan | View profile | 10001+ | Chirk, Wrexham, United Kingdom, Europe | kronospan.com/ |
| EGGER Group | View profile | 5001-10000 | Sankt Johann In Tirol, Tirol, Austria, Europe | www.egger.com |
| Kastamonu Entegre | View profile | 5001-10000 | Üsküdar, Istanbul, Turkey, Europe | www.keas.com.tr |
| ARAUCO | View profile | 10001+ | Las Condes, Region Metropolitana, Chile, South America | www.arauco.cl |
| SGS | View profile | 10001+ | Geneva, Geneve, Switzerland, Europe | www.sgs.com/ |
| Canfor Corp | View profile | 7,580 | 101-161 East 4th Avenue, Vancouver, BC, Canada, V5T 1G4 | www.canfor.com |
U.S. Wood Based Panel Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Wood Based Panel Market Outlook will help companies and investors design strategic landscapes.
Osb was the largest segment with a revenue share of 48.71% in 2024.
Horizon Databook has segmented the U.S. wood based panel market based on mdf, hdf, pb, osb, softboard, hardboard, plywood covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is the largest producer of agricultural products and thus, accounts for a high demand for woodbased panel packaging. Factors such as large market size, high disposable income, ability of established players to mass produce, and an extensive range of products are expected to boost the market growth in the region.
Major companies are increasingly opting for smart wood packaging products to meet with strict guidelines laid by the government bodies regarding safe storage of food products over a long duration as well as to improve the medical compliance rates.
For instance, Kronospan Limited has developed smart wood packaging solutions to increase adherence to regulatory standards. Such initiatives are expected to drive wood-based panel market over the forecast period.
- U.S. Wood Based Panel Market Product Outlook (Revenue, USD Million , 2018-2030)
- MDF
- HDF
- PB
- OSB
- Softboard
- Hardboard
- Plywood
- U.S. Wood Based Panel Market Application Outlook (Revenue, USD Million , 2018-2030)
- Furniture
- Construction
- Packaging
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. Wood Based Panel Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Wood Based Panel Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Wood Based Panel Market, 2018-2030 (US$M)
U.S. wood based panel market statistics, by product, 2018-2030 (US$M)
