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The Indian plywood market was valued at INR 243.9 Billion in 2021.
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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