SWEDEN WOOD BASED PANEL MARKET FORECAST 2024-2032

Sweden, the land of vast forests, boasts a significant presence in the wood based panel market. With approximately 70% of Sweden covered in forests, it’s no surprise that the country has a thriving wood based panel industry. Sweden’s production of wood based panels, including plywood and particle board, reached 651,400 cubic meters, as reported by the Swedish Federation of Wood and Furniture Industry. Furthermore, the import of plywood and particle board was substantial, with 206,000 cubic meters and 627,000 cubic meters, respectively. This indicates a strong demand for wood based panels in the Swedish market, with a portion of these products likely being used in the country’s thriving construction and real estate industries.

The Sweden wood based panel market is segmented into product type and application. The application segment includes furniture, construction, packaging, and other applications. Rising demand for wood based panels in packaging applications to pack bulky and heavy products is expected to have a positive impact on the market growth over the forecast period. High product demand for the protection of glass and ceramic products and delicate instruments is also expected to drive the growth of the market. Wood based panels offer high strength and impact resistance, which makes them a preferred packaging material, especially for long-distance transportation. Growing demand for environment-friendly packaging products to replace non-recyclable packaging materials is expected to have a positive impact on market growth.

The global wood based panel market includes a diverse range of applications beyond the dominant sectors of construction, furniture, and packaging. These miscellaneous uses showcase the versatility of wood based panels. They find a place in automotive interiors, where they enhance the aesthetic and comfort aspects of vehicles through dashboard trim, door panels, and interior components. Boats and marine vessels benefit from these panels, as their lightweight yet durable properties make them suitable for cabinetry, bulkheads, and interior finishes. Additionally, wood based panels are employed in signage, serving as an attractive and adaptable material for indoor and outdoor displays. In the aerospace industry, they contribute to the creation of lightweight yet robust interior components in aircraft. Moreover, this category encompasses various niche applications across different industries, such as musical instruments, interior decorations, arts and crafts, and specific industrial uses. 

Some of the top companies operating in the Sweden wood based panel market include Setra Group, Kronospan Limited, Smith & Fong Limited, Etc.

Kronospan Limited, headquartered in the United Kingdom, manufactures and distributes wood based panels. It provides MUF, laminate flooring, UF, medium-density fiberboard (MDF), oriented strand board (OSB), and MF resins for wood based panels, and particleboard (PB). Along with various related value-added goods such as melamine-faced panels, worktops, compact boards, high-pressure laminates (HPL), wall panels, window sills, lacquered HDF, plywood, and others, the company also manufactures specialized and decorative paper.