According to IMARC Group’s latest report, titled “India Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast FY 2022 to FY 2027”, the India plywood market reached a value of INR 195.8 Billion in FY 2021-22. Looking forward, IMARC Group expects the market to reach INR 297.2 Billion by 2027-28, exhibiting a CAGR of 7.4% during 2022-23 to 2027-28.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Plywood refers to the material that is made by assembling three or more thin layers of wood. It forms a flat sheet, which is extremely versatile and widely utilized for a wide array of structural, exterior and interior paneling applications. Since plywood provides increased stability to a structure even under temperature and moisture changes, it is widely utilized in the construction sector for building floors, walls, and roofs. Also, plywood does not corrode, which makes it an ideal choice for various chemical works. Since it is characterized by high strength to weight ratios and cost-effectiveness, it is extensively used for applications such as formworks and furniture manufacturing.
Market Trends and Drivers:
The India plywood market is primarily driven by the growing demand for plywood from the residential sector in the country. This is facilitated by the increasing population, shifting lifestyle patterns and the increasing number of nuclear families across India. In line with this, there has been a considerable increase in the refurbishment and renovation of existing residential areas, supported by rapid urbanization, inflating disposable incomes and improving living standards of the working population. A majority of the population prefers apartments that are semi-furnished or fully furnished, owing to the associated convenience, which, in turn, is propelling the demand for plywood in the Indian market. Apart from this, numerous key players are collaborating and entering into joint ventures with regional plywood manufacturers based across India. The majority of these manufacturers are based out of areas that have an abundance of raw material supply, which ensures an assured supply of finished products at competitive prices.
India Plywood Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the India plywood market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Archid Ply
- Austin Ply
- Century Plywood
- Duro Ply
- Gattani Plywood
- Green Ply
- Green Panel
- Kajaria Ply
- Kit Ply
- Merino Industries Limited
- Oswin Plywood
- Prestige Ply
- Saburi Ply
- Trojan Ply
- Uni Ply
Key Market Segmentation:
The report has segmented the India plywood market on the basis of sector, product type, application, consumer price, dealer price and states.
Breakup by Sector:
- Organized
- Unorganized
Breakup by Product Type:
- Marine Ply
- Commercial Ply
Breakup by Application:
- Residential
- Commercial
Breakup by Consumer Price:
- Less than INR 60 per Sq. Ft.
- INR 60-79 per Sq. Ft.
- INR 80-94 per Sq. Ft.
- INR 95-104 per Sq. Ft.
- INR 105-115 per Sq. Ft.
- Above INR 115 per Sq. Ft.
Breakup by Dealer Price:
- Less than INR 60 per Sq. Ft.
- INR 60-79 per Sq. Ft.
- INR 80-94 per Sq. Ft.
- INR 95-104 per Sq. Ft.
- INR 105-115 per Sq. Ft.
- Above INR 115 per Sq. Ft.
Breakup by States:
- North India
- Delhi NCR
- Uttar Pradesh
- Rajasthan
- Punjab, Haryana, Himachal Pradesh and Jammu & Kashmir
- West and Central India
- Maharashtra and Goa
- Gujarat, Dadra and Nagar Haveli and Daman & Diu
- Madhya Pradesh and Chhattisgarh
- South India
- Tamil Nadu and Puducherry
- Andhra Pradesh
- Kerala and Lakshadweep
- Karnataka
- Telangana
- East India
- West Bengal and Andaman & Nicobar Islands
- Orissa
- Jharkhand
- Bihar
- Northeastern States
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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