Polywood is a wood-like material that is made from a combination of wood and recycled plastic materials. The term Polywood refers to wood plastic composites (Wood Plastic Composites) which are formed from the combination of various types of wood and plastic materials such as thermoplastics and thermosets and create a practical product. The other name of plywood is plastic wood, which is derived from the two names wood and plastic, and wherever you hear the name of plastic wood, it means the same plywood.