According to IMARC Group’s latest report, titled “: Industry Trends, Share, Size, Growth, Opportunity and Forecast FY 2022 to FY 2027”, the India plywood market reached a value of INR 195.8 Billion in FY 2021-22. Looking forward, IMARC Group expects the market to reach INR 297.2 Billion by 2027-28, exhibiting a CAGR of 7.4% during 2022-23 to 2027-28. Plywood is an engineered wood manufactured by extruding multiple thin layers of wood veneers glued together with adjacent layers rotated at a 90-degree angle. Resin-impregnated paper, plastic, or fabric can be added in thin layers to the back and face veneers to facilitate better binding of paints and improve durability. The commonly used wood includes pine, cedar, maple, oak, mahogany, and spruce. It offers multiple advantages, such as enhanced flexibility, easy installation, improved reusability, and high moisture, chemicals, and fire resistance. Plywood, thus, finds applications in furniture, doors, flooring, roofing, and interior walls.
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Market Trends:
The increasing number of refurbishment and renovation activities across India due to the rising consumer expenditure power represents one of the primary factors accelerating the India plywood market growth. Moreover, the increasing demand for aesthetically appealing building structures has surged the adoption of high-quality and premium plywood in residential and commercial spaces, which is acting as another growth-inducing factor. Additionally, the Government of India (GoI) is introducing umpteen initiatives, such as Pradhan Mantri Awas Yojana, NTR Housing Scheme, and DDA Housing Scheme, to promote the development of housing projects, which is further bolstering market growth. Besides this, the rapidly expanding construction industry and the introduction of low toxicity and environmentally sustainable plywood with improved aesthetics by key players are boosting the market growth.
India Plywood Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the India plywood market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players 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
Key Market Segmentation:
The report has segmented the India plywood market on the basis of sector, product type, application, consumer price, dealer price and states.
Breakup by Sector:
Breakup by Product Type:
- Marine Ply
- Commercial Ply
Breakup by Application:
Breakup by 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.
Breakup by 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.
Breakup by States:
- 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
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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