NAICS Code 32121 - Veneer, Plywood, and Engineered Wood Prod...

NAICS 32121 - Veneer, Plywood, and Engineered Wood Product Manufacturing

NAICS 32 - Manufacturing
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 321 - Wood Product Manufacturing
  NAICS 311 - Food Manufacturing NAICS 312 - Beverage and Tobacco Product Manufacturing NAICS 313 - Textile Mills NAICS 314 - Textile Product Mills NAICS 315 - Apparel Manufacturing NAICS 316 - Leather and Allied Product Manufacturing NAICS 321 - Wood Product Manufacturing NAICS 322 - Paper Manufacturing NAICS 323 - Printing and Related Support Activities NAICS 324 - Petroleum and Coal Products Manufacturing NAICS 325 - Chemical Manufacturing NAICS 326 - Plastics and Rubber Products Manufacturing NAICS 327 - Nonmetallic Mineral Product Manufacturing NAICS 331 - Primary Metal Manufacturing NAICS 332 - Fabricated Metal Product Manufacturing NAICS 333 - Machinery Manufacturing NAICS 334 - Computer and Electronic Product Manufacturing NAICS 335 - Electrical Equipment, Appliance, and Component Manufacturing NAICS 336 - Transportation Equipment Manufacturing NAICS 337 - Furniture and Related Product Manufacturing NAICS 339 - Miscellaneous Manufacturing
  - NAICS 3212 - Veneer, Plywood, and Engineered Wood Product Manufacturing
    NAICS 3211 - Sawmills and Wood Preservation NAICS 3212 - Veneer, Plywood, and Engineered Wood Product Manufacturing NAICS 3219 - Other Wood Product Manufacturing
    - NAICS 32121 - Veneer, Plywood, and Engineered Wood Product Manufacturing
      NAICS 32121 - Veneer, Plywood, and Engineered Wood Product Manufacturing

This industry comprises establishments primarily engaged in one or more of the following: (1) manufacturing veneer and/or plywood; (2) manufacturing engineered wood members; and (3) manufacturing reconstituted wood products. This industry includes manufacturing plywood from veneer made in the same establishment or from veneer made in other establishments, and manufacturing plywood faced with nonwood materials, such as plastics or metal.

Industry trends:

The Veneer, Plywood, and Engineered Wood Product Manufacturing industry (NAICS 32121) is witnessing several qualitative trends that indicate its evolving landscape. One notable trend is the increasing emphasis on sustainability and eco-friendly products. Manufacturers are increasingly adopting sustainable practices, such as the use of certified timber and eco-friendly adhesives, to meet rising consumer demand for green products and adhere to stricter environmental regulations.

Technological advancements are also playing a significant role in the industry. Automation and digitalization are improving manufacturing efficiency, reducing waste, and enhancing product precision. These technologies allow for innovative product offerings, like customizable engineered wood solutions, which cater to diverse architectural and design requirements.

An emerging trend is the growing use of engineered wood in commercial and residential construction. Engineered wood products, such as Cross-Laminated Timber (CLT) and Laminated Veneer Lumber (LVL), are gaining popularity due to their strength, versatility, and environmental benefits compared to traditional building materials. This shift is driven by the construction industry’s push for quicker, more cost-effective building methods.

Looking ahead, the industry is expected to benefit from the ongoing trend towards urbanization and the consequent demand for sustainable building solutions. Additionally, government incentives and policies promoting sustainable construction practices and materials will likely boost growth. However, challenges such as fluctuating raw material prices and trade tensions could pose risks, necessitating strategic planning and innovation for continued success.