Indian Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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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. The latest report by IMARC Group titled, “Indian Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the Indian plywood market reached a value of US$ 4.2 Billion in 2017, growing at a CAGR of nearly 5% during 2010-2017. 

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. Owing to this, the market is further expected to reach a value of US$ 5.5 Billion by 2023.

Indian Plywood Market Report

On the basis of end-use 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. The report has also analysed the market on the basis of competitive landscape and provides the details of the key players. Some of the major players are Greenply, Century Plyboards Limited, Merino, Kitply, Uniply, etc. 

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 Questions Answered in This Report:

  • What are the key success and risk factors in the Indian plywood industry?
  • How has the Indian plywood market performed so far and how will it perform in the coming years?
  • What is the structure of the Indian plywood industry and who are the key players?
  • What are the various unit operations involved in an Indian plywood plant?
  • What is the total size of land required for setting up an Indian plywood plant?
  • What are the machinery requirements for setting up an Indian plywood plant?
  • What are the raw material requirements for setting up an Indian plywood plant?
  • What are the utility requirements for setting up an Indian plywood plant?
  • What are the manpower requirements for setting up an Indian plywood plant?
  • What are the infrastructure costs for setting up an Indian plywood plant?
  • What are the capital costs for setting up an Indian plywood plant?
  • What are the operating costs for setting up an Indian plywood plant?
  • What should be the pricing mechanism of Indian plywood products?
  • What will be the income and expenditures for an Indian plywood plant?
  • What is the time required to break-even?

1        Preface
2        Scope and Methodology

    2.1     Objectives of the study
    2.2     Stakeholders
    2.3     Data Sources
        2.3.1     Primary Sources
        2.3.2     Secondary Sources
    2.4     Market Estimation
        2.4.1     Bottom-Up Approach
        2.4.2     Top-Down Approach
    2.5     Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Indian Engineered Wood Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Price Trends
    5.4    Market Breakup by Product Type
    5.5    Market Breakup By Application
    5.6    Market Forecast
6    Indian Plywood Market
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
   6.3    Price Trends
        6.3.1    Key Price Indicators
        6.3.2    Current and Historical Price Trends
        6.3.3    Price Forecast
    6.4    Market Breakup by Organised and Unorganised Sector
    6.5    Market Breakup by Residential and Commercial Applications
    6.6    Market Breakup by New Construction and Replacement Applications
    6.7    Market Forecast
    6.8    SWOT Analysis
        6.8.1    Overview
        6.8.2    Strengths
        6.8.3    Weaknesses
        6.8.4    Opportunities
        6.8.5    Threats
    6.9    Value Chain Analysis
        6.9.1    Overview
        6.9.2    Forest Owners
        6.9.3    Sawmills
        6.9.4    Plywood Manufacturers
        6.9.5    Distributors and Retailers
        6.9.6    Exporters
        6.9.7    End-Use Industries
    6.10    Porter’s Five Forces Analysis
        6.10.1    Overview
        6.10.2    Bargaining Power of Buyers
        6.10.3    Bargaining Power of Suppliers
        6.10.4    Degree of Competition
        6.10.5    Threat of New Entrants
        6.10.6    Threat of Substitutes
    6.11    Key Success and Risk Factors
7    Market Breakup by Organised and Unorganised Sector
    7.1    Unorganised
    7.2    Organised
8    Market Breakup by Residential and Commercial Application
    8.1    Commercial
    8.2    Residential
9    Market Breakup by New Construction and Replacement Application
    9.1    New Construction
    9.2    Replacement
10    Customer Trends/Insights
 
  10.1 Consumer Profile
    10.2 Decision Making Process
    10.3 Customer Preferences
11    Competitive Landscape
    11.1    Market Structure
    11.2    Market Share of Key Players
12    Plywood Manufacturing
    12.1    Product Overview
    12.2    Detailed Process Flow
    12.3    Various Type of Unit Operation Involved
    12.4    Mass Balance and Raw Material Requirements
13    Project Details, Requirements and Costs Involved
    13.1    Land Requirements and Expenditures
    13.2    Construction Requirements and Expenditures
    13.3    Plant Machinery
    13.4    Machinery Pictures
    13.5    Raw Material Requirements and Expenditures
    13.6    Raw Materials and Final Product Pictures
    13.7    Packaging Requirements and Expenditures
    13.8    Transportation Requirements and Expenditures
    13.9    Utilities Requirements and Expenditures
    13.10   Manpower Requirements and Expenditures
    13.11    Other Capital Investments
14    Loans and Financial Assistance
15    Project Economics
    15.1    Capital Cost of the Project
    15.2    Techno-Economic Parameters
    15.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    15.4    Taxation and Depreciation
    15.5    Income Projections
    15.6    Expenditure Projections
    15.7    Financial Analysis
    15.8    Profit Analysis
16       Key Player Profiles

List of Figures

Figure 1: India: Engineered Wood Market: Volume Trends (in Million Cubic Metre), 2010-2017
Figure 2: India: Engineered Wood Market: Value Trends (in Billion US$), 2010-2017
Figure 3: India: Engineered Wood Market: Breakup by Product Type (in %), 2017
Figure 4: India: Engineered Wood Market: Breakup by Application (in %), 2017
Figure 5: India: Engineered Wood Market: Breakup by Region (in %), 2017
Figure 6: India: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Meter), 2018-2023
Figure 7: India: Engineered Wood Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 8: India: Plywood Market: Volume Trends (in Million Cubic Metre), 2010-2017
Figure 9: India: Plywood Market: Value Trends (in Billion US$), 2010-2017
Figure 10: India: Plywood Market: Breakup by Organised and Unorganised Sector (in %), 2017
Figure 11: India: Plywood Market: Breakup by Residential and Commercial Applications (in %), 2017
Figure 12: India: Plywood Market: Breakup by New Construction and Replacement Applications (in %), 2017
Figure 13: India: Plywood Market Forecast: Volume Trends (in Million Cubic Metre), 2018-2023
Figure 14: India: Plywood Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 15: India: Plywood Market: SWOT Analysis
Figure 16: India: Plywood Market: Value Chain Analysis
Figure 17: India: Plywood Market: Porters Five Forces Analysis
Figure 18: India: Plywood Market: Breakup by Segment (Unorganized/ Organised Sector), 2023
Figure 19: India: Unorganised Plywood Market (in Million Cubic Metre), 2010, 2017 & 2023
Figure 20: India: Organised Plywood Market (in Million), 2010, 2017 & 2023
Figure 21: India: Plywood Market: Breakup by Residential and Commercial Applications (in %), 2023
Figure 22: India: Commercial Plywood Market (in Million Cubic Metre), 2010, 2017 & 2023
Figure 23: India: Residential Plywood Market (in Million Cubic Metre), 2010, 2017 & 2023
Figure 24: India: Plywood Market: Breakup by New Construction and Replacement Applications (in %), 2023
Figure 25: India: Commercial Plywood Market (in Million Cubic Metre), 2010, 2017 & 2023
Figure 26: India: Residential Plywood Market (in Million Cubic Metre), 2010, 2017 & 2023
Figure 27: Manufacturing Process of Plywood: Detailed Process Flow
Figure 28: Plywood Manufacturing Process: Conversion Rates of Products
Figure 29: Plywood Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 30: Plywood Industry: Profit Margins at Various Levels of the Supply Chain
Figure 31: Plywood Manufacturing Plant: Breakup of Operating Costs (in %)


List of Tables

Table 1: India: Engineered Wood Market: Key Industry Highlights, 2017 and 2023
Table 2: India: Plywood Market: Key Industry Highlights, 2017 and 2023
Table 3: India: Plywood Market Forecast: Breakup by Segmentation (Unorganized/ Organised Sector), (in Million Cubic Metre), 2018-2023
Table 4: India: Plywood Market Forecast: Breakup by Residential and Commercial Applications, (in Million Cubic Metre), 2018-2023
Table 5: India: Plywood Market Forecast: Breakup by New Construction and Replacement Applications, (in Million Cubic Metre), 2018-2023
Table 6: Plywood Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Plywood Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 8: Plywood Manufacturing Plant: Costs Related to Machinery (in US$)
Table 9: Plywood Manufacturing Plant: Raw Material Requirements
Table 10: Plywood Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 11: Plywood Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 12: Details of Financial Assistance Offered by Financial Institutions
Table 13: Plywood Manufacturing Plant: Capital Costs (in US$)
Table 14: Plywood Manufacturing Plant: Techno-Economic Parameters
Table 15: Plywood Manufacturing Plant: Taxation and Depreciation
Table 16: Plywood Manufacturing Plant: Income Projections (in US$)
Table 17: Plywood Manufacturing Plant: Expenditure Projections (in US$)
Table 18: Plywood Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 19: Plywood Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 20: Plywood Manufacturing Plant: Profit and Loss Account


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