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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.
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.
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.
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
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
Breakup by Region
Some of the major players in the Indian plywood market are:
|Base Year of the Analysis||2020|
|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|
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The Indian plywood market was valued at INR 222.5 Billion in 2020.
The improving consumer living standards supported by their increasing income levels represent one of the key factors driving the Indian plywood market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in India resulting in temporary halt of numerous construction activities, thereby negatively impacting the demand for plywood.
Based on the sector, the Indian plywood market can be bifurcated into organized and unorganized. Currently, the unorganized sector currently represents the largest segment.
Based on the new construction and replacement application, the Indian plywood market has been divided into new construction and replacement application, where new construction currently exhibits a clear dominance in the market.
Based on the application, the Indian plywood market can be categorized into commercial and residential. Currently, the residential sector dominates the largest market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where North India dominates the Indian plywood market.
Some of the major players in the Indian plywood market include Century Ply, Mangalam Timber, Shirdi Industries (Asis), Action Group and Greenply.
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