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.

Plywood is fabricated from multiple layers of softwood veneer bonded together with the grain direction of each layer perpendicular to that of the adjacent layers. The function of the core layers is to surge the separation among the outer layers where the bending stress is the highest, thus further improving resistance to bending forces. Plywood offers several advantages, which include enhanced flexibility, easy installation, improved reusability, and high resistance to chemicals, moisture, and fire. Maple, pine, cedar, mahogany, oak, and spruce are primarily used in a combination to produce plywood for several applications.

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India Plywood Market Trends:

The rising applications of plywood in flooring, furniture, doors, roofing, interior walls, and external cladding due to its various advantageous properties is one of the key factors boosting the market growth. Additionally, the surging consumer expenditure power has facilitated the demand for high-quality and premium plywood for interior designing, which is accelerating the market growth. In line with this, the key market players are launching the low-toxicity and environmentally sustainable plywood with improved aesthetics to increase their consumer base, which is creating a positive outlook for the market in India. Other factors, such as numerous ongoing housing projects and significant expansion of the residential and commercial sectors, are creating a positive outlook for the market in the country.

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 based on 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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