Market Outlook 2021-2026:
The Indian plywood market reached a value of INR 222.5 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.8% during 2021-2026. 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.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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 industry report, along with forecasts for growth at the country and regional level from 2021-2026. Our report has categorized the market based on residential & commercial applications, organised & unorganised sector and new construction & replacement.
Breakup by Residential and Commercial Applications
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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
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
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
INR Billion, Million Cubic Metre |
| Segment Coverage |
Organised and Unorganised Sector, Residential and Commercial Applications, New Construction and Replacement Applications, Region |
| Region Covered |
North India, East India, West and Central India, South India |
| Companies Covered |
Century Ply, Mangalam Timber, Shirdi Industries (Asis), Action Group, Greenply |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License $ 1999
Five User License $ 2999
Corporate License $ 3999 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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 Impact of COVID-19
6.4 Price Analysis
6.4.1 Key Price Indicators
6.4.2 Price Structure
6.4.3 Price Trends
6.5 Market Breakup by Organised and Unorganised Sector
6.6 Market Breakup by Residential and Commercial Applications
6.7 Market Breakup by New Construction and Replacement Applications
6.8 Market Breakup by Region
6.9 Market Forecast
6.10 SWOT Analysis
6.10.1 Overview
6.10.2 Strengths
6.10.3 Weaknesses
6.10.4 Opportunities
6.10.5 Threats
6.11 Value Chain Analysis
6.11.1 Overview
6.11.2 Forest Owners
6.11.3 Sawmills
6.11.4 Plywood Manufacturers
6.11.5 Distributors and Retailers
6.11.6 Exporters
6.11.7 End-Use Industries
6.12 Porter’s Five Forces Analysis
6.12.1 Overview
6.12.2 Bargaining Power of Buyers
6.12.3 Bargaining Power of Suppliers
6.12.4 Degree of Competition
6.12.5 Threat of New Entrants
6.12.6 Threat of Substitutes
6.13 Key Success and Risk Factors
7 Market Breakup by Organised and Unorganised Sector
7.1 Unorganised
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Organised
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Residential and Commercial Applications
8.1 Commercial
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Residential
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by New Construction and Replacement Applications
9.1 New Construction
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Replacement
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North India
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 West and Central India
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 South India
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 East India
10.4.1 Market Trends
10.4.2 Market Forecast
11 Customer Trends/Insights
11.1 Consumer Profile
11.2 Decision Making Process
11.3 Customer Preferences
12 Competitive Landscape
12.1 Market Structure
12.2 Market Share of Key Players
13 Plywood Manufacturing
13.1 Product Overview
13.2 Detailed Process Flow
13.3 Various Type of Unit Operation Involved
13.4 Mass Balance and Raw Material Requirements
14 Project Details, Requirements and Costs Involved
14.1 Land Requirements and Expenditures
14.2 Construction Requirements and Expenditures
14.3 Plant Machinery
14.4 Machinery Pictures
14.5 Raw Material Requirements and Expenditures
14.6 Raw Materials and Final Product Pictures
14.7 Packaging Requirements and Expenditures
14.8 Transportation Requirements and Expenditures
14.9 Utilities Requirements and Expenditures
14.10 Manpower Requirements and Expenditures
14.11 Other Capital Investments
15 Loans and Financial Assistance
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis
17 Key Player Profiles
List of Figures
Figure 1: India: Plywood Market: Major Drivers and Challenges
Figure 2: India: Engineered Wood Market: Volume Trends (in Million Cubic Metre), 2015-2020
Figure 3: India: Engineered Wood Market: Value Trends (in Billion INR), 2015-2020
Figure 4: India: Engineered Wood Market: Breakup by Product Type (in %), 2020
Figure 5: India: Engineered Wood Market: Breakup by Application (in %), 2020
Figure 6: India: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Meter), 2021-2026
Figure 7: India: Engineered Wood Market Forecast: Value Trends (in Billion INR), 2021-2026
Figure 8: India: Plywood Market: Volume Trends (in Million Cubic Metre), 2015-2020
Figure 9: India: Plywood Market: Value Trends (in Billion INR), 2015-2020
Figure 10: India: Plywood Market: Breakup by Organised and Unorganised Sector (in %), 2020
Figure 11: India: Plywood Market: Breakup by Residential and Commercial Applications (in %), 2020
Figure 12: India: Plywood Market: Breakup by New Construction and Replacement Applications (in %), 2020
Figure 13: India: Plywood Market: Breakup by Region (in %), 2020
Figure 14: India: Plywood Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 15: India: Plywood Market Forecast: Value Trends (in Billion INR), 2021-2026
Figure 16: India: Plywood Industry: SWOT Analysis
Figure 17: India: Plywood Industry: Value Chain Analysis
Figure 18: India: Plywood Industry: Porters Five Forces Analysis
Figure 19: India: Plywood Market: Breakup by Segment (Unorganized/ Organised Sector) (in %), 2026
Figure 20: India: Unorganised Plywood Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 21: India: Unorganised Plywood Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 22: India: Organised Plywood Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 23: India: Organised Plywood Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 24: India: Plywood Market: Breakup by Residential and Commercial Applications (in %), 2026
Figure 25: India: Plywood (Commercial Application) Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 26: India: Plywood (Commercial Application) Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 27: India: Plywood (Residential Application) Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 28: India: Plywood (Residential Application) Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 29: India: Plywood Market: Breakup by New Construction and Replacement Applications (in %), 2026
Figure 30: India: Plywood (New Construction) Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 31: India: Plywood (New Construction) Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 32: India: Plywood (Replacement) Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 33: India: Plywood (Replacement) Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 34: North India: Plywood Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 35: North India: Plywood Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 36: West and Central India: Plywood Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 37: West and Central India: Plywood Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 38: South India: Plywood Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 39: South India: Plywood Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 40: East India: Plywood Market: Volume Trends (in Million Cubic Metre), 2015 & 2020
Figure 41: East India: Plywood Market Forecast: Volume Trends (in Million Cubic Metre), 2021-2026
Figure 42: Manufacturing Process of Plywood: Detailed Process Flow
Figure 43: Plywood Manufacturing Process: Conversion Rates of Products
Figure 44: Plywood Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 45: Plywood Industry: Profit Margins at Various Levels of the Supply Chain
Figure 46: Plywood Manufacturing Plant: Breakup of Operating Costs (in %)
List of Tables
Table 1: India: Engineered Wood Market: Key Industry Highlights, 2020 and 2026
Table 2: India: Plywood Market: Key Industry Highlights, 2020 and 2026
Table 3: India: Plywood Market Forecast: Breakup by Organised and Unorganised Sector (in Million Cubic Metre), 2021-2026
Table 4: India: Plywood Market Forecast: Breakup by Residential and Commercial Applications (in Million Cubic Metre), 2021-2026
Table 5: India: Plywood Market Forecast: Breakup by New Construction and Replacement Applications (in Million Cubic Metre), 2021-2026
Table 6: India: Plywood Market Forecast: Breakup by Region (in Million Cubic Metre), 2021-2026
Table 7: Plywood Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 8: Plywood Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 9: Plywood Manufacturing Plant: Costs Related to Machinery (in INR)
Table 10: Plywood Manufacturing Plant: Raw Material Requirements (CBM/Day) and Expenditure (INR/Ton)
Table 11: Plywood Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 12: Plywood Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 13: Details of Financial Assistance Offered by Financial Institutions
Table 14: Plywood Manufacturing Plant: Capital Costs (in INR)
Table 15: Plywood Manufacturing Plant: Techno-Economic Parameters
Table 16: Plywood Manufacturing Plant: Taxation and Depreciation
Table 17: Plywood Manufacturing Plant: Income Projections (in INR)
Table 18: Plywood Manufacturing Plant: Expenditure Projections (in INR)
Table 19: Plywood Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 20: Plywood Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 21: Plywood Manufacturing Plant: Profit and Loss Account