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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391739

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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391739

India Plywood Market, By Product Type ; By Sector ; By Application ; By Use Type ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

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India Plywood Market Size Expands at Steady CAGR of 6.34% to Touch USD 2.25 Billion by 2029.

India plywood market is flourishing because of a spurring demand for plywood from an increasing number of infrastructure development projects across the country and changing interior design trends.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India plywood market size at USD 1.56 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India plywood market size to grow at a CAGR of 6.34% reaching a value of USD 2.25 billion by 2029. Major growth drivers for the India plywood market include an increasing demand for plywood and rising number of distribution networks and exclusive outlets of premium furniture manufacturers. Advanced production techniques leading to innovative plywood types like flexible plywood are driving the market expansion. The use of plywood for partitions and false ceilings in homes and offices is contributing to its promising outlook. Additionally, plywood's role in crafting lightweight, easy-to-assemble furniture and its popularity in DIY (do-it-yourself) projects further support market growth. Government housing schemes, infrastructure projects, and urbanization trends are additional growth catalysts. The demand for unique interior design accents, driven by renovations and infrastructure development among homeowners, is boosting plywood sales in India. However, price volatility and environmental concerns are anticipated to restrain the overall market growth during the period in analysis.

Plywood - Overview

Plywood, a versatile construction material, is crafted by bonding thin layers of wood veneer with robust adhesives. This composite material can incorporate softwoods, hardwoods, or a combination of both sourced from various wood species like maple, mahogany, oak, pine, cedar, spruce, and teak. Plywood is commercially available in various types, including tropical, aircraft, decorative, flexible, and marine plywood, making it suitable for a wide range of applications. Its adaptability to various interior design aesthetics is one of its key strengths. Moreover, plywood is known for its cost-effectiveness and precision in dimensions, remaining resistant to warping and damage from fluctuations in humidity. This material finds extensive use in the manufacturing of furniture, including tables, chairs, shelves, cabinets, sofa frames, beds, and stools. Plywood also plays a crucial role in constructing molds for concrete structures and serves decorative purposes, such as cladding for both interior and exterior cabinets, shelves, and storage spaces. Its high tensile strength has made it a preferred choice for creating false ceilings, contributing to the increasing demand for plywood in the Indian market.

Impact of COVID-19 on India Plywood Market

COVID-19 pandemic had a mixed impact on the India plywood market. Lockdowns, supply chain disruptions, and reduced economic activity hindered production and distribution, causing delays and increased costs. The construction industry, a major plywood consumer, faced setbacks due to project delays and labor shortages. However, the pandemic also accelerated the adoption of e-commerce and digital platforms for buying plywood. As restrictions eased, the market witnessed a rebound in demand, driven by the increasing need for home renovations and the housing sector's recovery. Overall, while COVID-19 presented initial challenges, it also pushed the industry toward innovations and digitalization, reshaping market dynamics.

India Plywood Market - By Application

Based on application, the India plywood market is bifurcated into Residential and Commercial segments. The residential segment holds a higher share in the India plywood market by application. It can be primarily due to the consistent growth of residential construction and real estate sectors in India. The increasing urbanization and population have led to a greater demand for housing, both in terms of new construction and renovation. Plywood is a crucial material for various residential applications, including furniture, cabinets, flooring, and interior decor. Moreover, the trend of customized and aesthetically pleasing interiors in homes has increased the demand for plywood, making it a dominant segment in the Indian plywood market.

Competitive Landscape

Major players operating 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India Plywood Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Plywood Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23896

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Executive Summary

3. India Plywood Market Insights

  • 3.1. Industry Value Chain Analysis
  • 3.2. DROC Analysis
    • 3.2.1. Growth Drivers
      • Infrastructure development
      • Interior design trends
    • 3.2.2. Restraints
      • Price volatility
      • Environmental concerns
    • 3.2.3. Opportunities
      • Innovations and development of eco-friendly plywood materials
      • Export potential
    • 3.2.4. Challenges
      • Competition
      • Quality control
  • 3.3. Technological Advancements/Recent Developments
  • 3.4. Regulatory Framework
  • 3.5. Porter's Five Forces Analysis
    • 3.5.1. Bargaining Power of Suppliers
    • 3.5.2. Bargaining Power of Buyers
    • 3.5.3. Threat of New Entrants
    • 3.5.4. Threat of Substitutes
    • 3.5.5. Intensity of Rivalry

4. India Plywood Market Overview

  • 4.1. Market Size & Forecast, 2019-2029
    • 4.1.1. By Value (USD Million)
  • 4.2. Market Share & Forecast
    • 4.2.1. By Product Type
      • Hardwood Plywood
      • Softwood Plywood
      • Sanded Plywood
      • Structural Plywood
    • 4.2.2. By Sector
      • Organized
      • Unorganized
    • 4.2.3. By Application
      • Residential
      • Commercial
    • 4.2.4. By Use Type
      • New Construction
      • Replacement
    • 4.2.5. By Region
      • North India
      • South India
      • East India
      • West India

5. Competitive Landscape

  • 5.1. List of Key Players and Their Range
  • 5.2. India Plywood Company Market Share Analysis, 2022
  • 5.3. Competitive Benchmarking, By Operating Parameters
  • 5.4. Key Strategic Development (Merger, Acquisition, Partnership)

6. Impact of Covid-19 on India Plywood Market Industry

7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)

  • 7.1. Archid Ply
  • 7.2. Austin Ply
  • 7.3. Century Plywood
  • 7.4. Duro Ply
  • 7.5. Gattani Plywood
  • 7.6. Green Ply
  • 7.7. Green Panel
  • 7.8. Kajaria Ply
  • 7.9. Kit Ply
  • 7.10. Merino Industries Limited
  • 7.11. Oswin Plywood Prestige Ply
  • 7.12. Saburi Ply
  • 7.13. Trojan Ply
  • 7.14. Uni Ply
  • 7.15. Other prominent players

8. Key Strategic Recommendations

9. Research Methodology

  • 9.1. Qualitative Research
    • 9.1.1. Primary & Secondary Research
  • 9.2. Quantitative Research
  • 9.3. Market Breakdown & Data Triangulation
    • 9.3.1. Secondary Research
    • 9.3.2. Primary Research
  • 9.4. Breakdown of Primary Research Respondents
  • 9.5. Assumption & Limitation

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

Product Code: BWC23896

List of Figures

  • Figure 1 India Plywood Market Segmentation
  • Figure 2 India Plywood Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 India Plywood Market Size, By Value (USD Million), 2019-2029
  • Figure 5 India Plywood Market Share, By Product Type, By Value, 2019-2029
  • Figure 6 India Plywood Market Share, By Sector, By Value, 2019-2029
  • Figure 7 India Plywood Market Share, By Application, By Value, 2019-2029
  • Figure 8 India Plywood Market Share, By Use Type, By Value, 2019-2029
  • Figure 9 India Plywood Market Share, By Region, By Value, 2019-2029

List of Tables

  • Table 1 India Plywood Market Share, By Product Type, By Value, 2019-2029
  • Table 2 India Plywood Market Share, By Sector, By Value, 2019-2029
  • Table 3 India Plywood Market Share, By Application, By Value, 2019-2029
  • Table 4 India Plywood Market Share, By Use Type, By Value, 2019-2029
  • Table 5 India Plywood Market Share, By Region, By Value, 2019-2029
  • Table 6 Archid Ply Company Overview
  • Table 7 Archid Ply Financial Overview
  • Table 8 Austin Ply Company Overview
  • Table 9 Austin Ply Financial Overview
  • Table 10 Century Plywood Company Overview
  • Table 11 Century Plywood Financial Overview
  • Table 12 Duro Ply Company Overview
  • Table 13 Duro Ply Financial Overview
  • Table 14 Gattani Plywood Company Overview
  • Table 15 Gattani Plywood Financial Overview
  • Table 16 Green Ply Company Overview
  • Table 17 Green Ply Financial Overview
  • Table 18 Green Panel Company Overview
  • Table 19 Green Panel Financial Overview
  • Table 20 Kajaria Ply Company Overview
  • Table 21 Kajaria Ply Financial Overview
  • Table 22 Kit Ply Company Overview
  • Table 23 Kit Ply Financial Overview
  • Table 24 Merino Industries Limited Company Overview
  • Table 25 Merino Industries Limited Financial Overview
  • Table 26 Oswin Plywood Prestige Ply Company Overview
  • Table 27 Oswin Plywood Prestige Ply Financial Overview
  • Table 28 Saburi Ply Company Overview
  • Table 29 Saburi Ply Financial Overview
  • Table 30 Trojan Ply Company Overview
  • Table 31 Trojan Ply Financial Overview
  • Table 32 Uni Ply Company Overview
  • Table 33 Uni Ply Financial Overview
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Jeroen Van Heghe

Manager - EMEA



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Manager - Americas


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