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Indian Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

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.

 

 

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.

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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

    • Residential
    • Commercial


    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

    • Organised
    • Unorganised
       

    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

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    Key Question Answered in this Report

    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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