India Plywood Market Report by Sector (Organized, Unorganized), Product Type (Marine Ply, Commercial Ply), Application (Residential, Commercial), 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.), 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.), and State FY 2024 to FY 2032

India Plywood Market Report by Sector (Organized, Unorganized), Product Type (Marine Ply, Commercial Ply), Application (Residential, Commercial), 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.), 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.), and State FY 2024 to FY 2032

Report Format: PDF+Excel | Report ID: SR112024A797
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Market Overview FY 2024 to FY 2032:

The India plywood market size reached INR 222.3 Billion in FY 2023-24. Looking forward, IMARC Group expects the market to reach INR 372.5 Billion by FY 2032-33, exhibiting a growth rate (CAGR) of 5.7% during FY 2024-25 to FY 2032-33. The growing number of distribution networks and exclusive outlets of premium furniture, increasing demand for easy-to-assemble and light weight furniture, and rising number of government housing schemes and infrastructural projects represent some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
FY 2023-24
Forecast Years
FY 2024-25 to FY 2032-33
Historical Years
FY 2018-19 to FY 2023-24
Market Size in FY 2023-24
INR 222.3 Billion
Market Forecast in FY 2032-33
INR 372.5 Billion
Market Growth Rate FY 2024-25 to FY 2032-33 5.7%


Plywood refers to a building material manufactured by assembling thin layers of wood veneer together by strong adhesives. It comprises softwoods and hardwoods or a combination of both procured from maple, mahogany, oak, pine, cedar, spruce, and teak. It is commercially available as tropical, aircraft, decorative, flexible, and marine plywood. It is a versatile material that can effortlessly adapt to the aesthetics of any interior design. It is an economical and factory-made sheet of wood with precise dimensions that does not warp or get damaged with changes in atmospheric moisture. It is employed in the production of furniture, such as tables, chairs, shelves, cabinets, sofa frames, beds, and stools. It is also utilized to create a mold for concrete structures and for decorative purposes, such as internal and external cladding of cabinets, shelves, and other storage spaces. As it is used for making false ceilings due to its high tensile strength, the demand for plywood is rising in India.

Indian Plywood Industry Trends:

At present, the increasing demand for plywood due to the growing number of distribution networks and exclusive outlets of premium furniture manufacturers represents one of the primary factors influencing the market positively in India. Besides this, the rising integration of technologically advanced production methods to manufacture plywood with improved features, such as flexible plywood, is propelling the growth of the market. In addition, the growing utilization of plywood for making partitions and false ceilings in houses and office spaces is offering a favorable market outlook in the country. Apart from this, the increasing employment of plywood in manufacturing various easy-to-assemble and lightweight furniture is contributing to the growth of the market. Additionally, the rising production of various do-it-yourself (DIY) projects from plywood, which can be easily drilled, shaped, and cut according to specific requirements, is supporting the growth of the market in India. Moreover, the increasing number of government housing schemes and infrastructural projects, coupled with rising urban settlements in the country, is bolstering the growth of the market. Furthermore, the increasing renovation and infrastructure development activities among homeowners, along with the growing preferences of individuals to incorporate unique accents in their interior designs, are catalyzing the demand for plywood in India.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India plywood market report, along with forecasts at the country and regional level from FY 2024-25 to FY 2032-33. Our report has categorized the market based on sector, product type, application, consumer price and dealer price.

Sector Insights:

India Plywood Market

  • Organized
  • Unorganized
     

The report has provided a detailed breakup and analysis of the India plywood market based on the sector. This includes organized and unorganized. According to the report, unorganized represented the largest segment.

Product Type Insights:

  • Marine Ply
  • Commercial Ply
     

A detailed breakup and analysis of the India plywood market based on the product type has also been provided in the report. This includes commercial ply and marine ply. According to the report, commercial ply accounted for the largest market.

Application Insights:

  • Residential
  • Commercial
     

A detailed breakup and analysis of the India plywood market based on the application has also been provided in the report. This includes residential and commercial. According to the report, residential accounted for the largest market share.

Consumer Price Insights:

  • 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.
     

A detailed breakup and analysis of the India plywood market based on the consumer price has also been provided in the report. This includes 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., and above INR 115 per Sq. Ft. According to the report, less than INR 60 per Sq. Ft. accounted for the largest market share.

Dealer Price Insights:

  • 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.
     

A detailed breakup and analysis of the India plywood market based on the dealer price has also been provided in the report. This includes 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., and above INR 115 per Sq. Ft. According to the report, less than INR 60 per Sq. Ft. accounted for the largest market share.

States Insights:

  • 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
       

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the India plywood market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered 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, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis FY 2024
Historical Period FY 2019-FY 2024
Forecast Period FY 2025-FY 2033 
Units Billion INR, Billion sq. ft.
Segment Coverage Sector, Product Type, Application, Consumer Price, Dealer Price, Region
Region Covered North India, South India, West and Central India, East India
States Covered 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
Companies Covered 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, and Uni Ply.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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)


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India plywood market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the India plywood market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India plywood industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The India plywood market was valued at INR 222.3 Billion in FY 2023-24.

We expect the India plywood market to exhibit a CAGR of 5.7% during FY 2024-2025 to FY 2032-33.

The expanding construction industry, along with the rising prominence of premium quality plywood variants owing to the improving consumer living standards, is currently driving the India plywood market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in India resulting in temporary halt in numerous construction and renovation activities, thereby limiting the overall demand for plywood.

Based on the sector, the India plywood market can be segmented into organized and unorganized. Currently, the unorganized sector represents the majority of the total market share.

Based on the product type, the India plywood market has been bifurcated into marine ply and commercial ply, where commercial ply currently exhibits a clear dominance in the market.

Based on the application, the India plywood market can be divided into residential and commercial. Currently, residential application holds the largest market share.

Based on the consumer price, the India plywood market has been categorized into 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., and above INR 115 per sq. ft. Among these, less than INR 60 per sq. ft. currently exhibits a clear dominance in the market.

Based on the dealer price, the India plywood market can be segregated into 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., and above INR 115 per sq. ft. Currently, less than INR 60 per sq. ft. holds the majority of the total market share.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India.

Some of the major players in the India plywood market 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, and Uni Ply.

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India Plywood Market Report by Sector (Organized, Unorganized), Product Type (Marine Ply, Commercial Ply), Application (Residential, Commercial), 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.), 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.), and State FY 2024 to FY 2032
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