India Plywood Market Size to Hit INR 306.5 Billion By 2028

According to IMARC Group’s latest report, titled “India Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast FY 2023 to FY 2028”, the India plywood market size reached INR 208.5 Billion in FY 2022-23. Looking forward, IMARC Group expects the market to reach INR 306.5 Billion by FY 2028-29, exhibiting a growth rate (CAGR) of 6.74% during 2023-24 to 2028-29. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Year Considered to Estimate the Market Size:

• Base Year of the Analysis: 2022
  
  
• Historical Period: 2017-2022
  
  
• Forecast Period: 2023-2028

Plywood represents an engineered wood that is produced by assembling thin layers of wood veneers bonded together using strong adhesives. Several varieties, including mahogany, oak, pine, maple, cedar, spruce, etc., are utilized in combination to manufacture this wood for various applications. Plywood offers several advantages, such as improved reusability, easy installation, enhanced flexibility, high resistance to chemicals, moisture, and fire, etc. As a result, it finds various applications in roofing, furniture, doors, flooring, interior walls, external cladding, etc. In addition, a thin outer layer of additional materials, including plastic, fabric, resin-impregnated paper, or Formica, can be added to the face and back veneers to facilitate better binding of paints and improve the durability.

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India Plywood Market Trends:

The expanding construction industry, the emerging trend of urbanization, and the rising consumer inclination towards this product for various structural purposes, owing to its stiffness, strength, high dimension stability, durability, and versatility, are primarily driving the India plywood market. Besides this, the increasing number of refurbishment and renovation activities and the escalating preferences for semi- and fully furnished apartments are further augmenting the market growth. Moreover, the extensive investments in research and development (R&D) activities for introducing plywood with enhanced durability, low toxicity, improved aesthetics, environmental sustainability, etc., are also catalyzing the market across India. Apart from this, the launch of several policies by the government bodies, including Pradhan Mantri Awas Yojana, DDA Housing Scheme, NTR Housing Scheme, etc., to promote the expansion of housing projects is acting as another significant growth-inducing factor. Additionally, the elevating requirement for high-quality and premium variants, on account of the improving consumer living standards, is also stimulating the market growth. Furthermore, the inflating product usage in various industrial applications, owing to its high chemical resistance, is expected to bolster the India plywood market in the coming years.

India Plywood Market 2023-2028 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 (2017-2022)
• Market Outlook (2023-2028)
• 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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