The Indian plywood market reached a value of INR 243.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 344.2 Billion by 2027, exhibiting a CAGR of 5.97% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Plywood is manufactured by assembling thin layers of wood veneers bonded together using powerful adhesives. Softwoods, hardwoods, or a combination of the two is used, such as several varieties of maple, mahogany, oak, pine, cedar, spruce, etc., in the production of plywood for various applications. Softwood plywood sheets are designed for installation on the exterior of a structure, whereas, hardwood plywood is used for manufacturing furniture and other interior applications. In India, plywood is mostly used for the manufacturing of furniture, accounting for two-thirds of the wood consumption. Indian Plywood Market Trends and Drivers:
In the past decades, the expenditure on furniture has increased as a result of increasing incomes, urbanisation, investment in real estate, western influence, etc. Moreover, the introduction of new designs and diverse product range of furniture have further helped in creating a demand among the consumers. Expanding distribution network and exclusive outlets of furniture manufacturers in the region has also helped in influencing the market for plywood.

This report provides a deep insight into the Indian plywood industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up an Indian plywood manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian plywood industry in any manner.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian plywood market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on residential & commercial applications, organised & unorganised sector and new construction & replacement.

Breakup by Residential and Commercial Applications Residential
Commercial

On the basis of application the market is segmented as commercial and residential. The residential sector is the largest consumer for Indian plywood, accounting for more than half of the total shares.

Breakup by Organised and Unorganised Sector

Organised
Unorganised

Breakup by New Construction and Replacement

New Construction
Replacement

Breakup by Region

North India
East India
West and Central India
South India

Competitive Landscape:
Some of the major players in the Indian plywood market are:

Century Ply
Mangalam Timber
Shirdi Industries (Asis)
Action Group
Greenply Key Question Answered in this Report
1. What is the size of the Indian plywood market?
2. What are the key factors driving the Indian plywood market?
3. What has been the impact of COVID-19 on the Indian plywood market?
4. What is the breakup of the Indian plywood market based on the sector?
5. What is the breakup of the Indian plywood market based on the new construction and replacement application?
6. What is the breakup of the Indian plywood market based on the application?
7. What are the key regions in the Indian plywood market?
8. Who are the key companies/players in the Indian plywood market?