Indian Plywood Market Trends, Size, Growth, Opportunity and Forecast 2022-2027

 According to the latest report by IMARC Group, titled “Indian Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Indian plywood market size reached INR 243.9 Billion in 2021. Looking forward, IMARC Group expects the market value to reach INR 344.2 Billion by 2027, exhibiting a CAGR of 5.97% during the forecast period (2022-2027).

Plywood is an engineered wood product made up of multiple layers of thin wood veneer, which are glued together with wood grains of adjacent layers rotated at a 90-degree angle. It offers several advantages such as reusability, flexibility, resistance to chemicals and fire, ease of installation, and increased stability under temperature and moisture changes. As a result, plywood is widely utilized in the construction sector for building floors, roofs, furniture, doors, interior walls, and external cladding.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Indian Plywood Market Trends:

The market is primarily driven by the increasing demand for furniture from the residential sector on account of rapid urbanization, shifting lifestyle patterns, and the increasing number of nuclear families across India. Moreover, as majority of the population prefers semi-furnished or fully furnished houses, there has been significant increase in the refurbishment and renovation of existing residential areas, which, in turn, is escalating the demand for plywood in the Indian market. This, coupled with the inflating disposable incomes and improving living standards of the working population, are positively influencing the market growth. Besides this, several key players are introducing new designs and innovative variants of furniture to increase their consumer base. Furthermore, rapidly expanding distribution networks and reduced manufacturing costs are also creating a positive market outlook across the country. 

Indian Plywood Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

• 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:

Breakup by Sector:

• Organized
• Unorganized

Breakup by Product Type:

• Marine Ply
• Commercial Ply 

Breakup by Application:

• Residential
• Commercial 

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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