Indian Plywood Market is Projected to Reach INR 297.2 Billion by 2027, Propelled by Increasing Demand for Furniture


India Plywood Market Size 2022

SHERIDAN, WY, USA, September 23, 2022 / — The newest report revealed by IMARC Group, titled “India Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast FY 2022 to FY 2027,” affords a complete evaluation of the business, which includes insights on the India plywood market share. The report additionally contains competitor and regional evaluation, and up to date developments out there. The India plywood market dimension reached INR 195.8 Billion in FY 2021-22. Looking ahead, IMARC Group expects the market to attain INR 297.2 Billion by 2027-28, exhibiting a CAGR of seven.4% throughout 2022-23 to 2027-28.

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Note: We are frequently monitoring the direct impact of COVID-19 available on the market, together with the oblique affect of related industries. These observations might be built-in into the report.

Plywood is a multi-purpose engineered wood-based panel that is fabricated from a number of layers of softwood veneer glued collectively utilizing sturdy adhesives. These sheets of wooden veneers are then fixed along with a water-resistant phenol-formaldehyde resin adhesive and cured below stress and warmth. Maple, mahogany, oak, spruce, pine, and cedar are primarily utilized in a mix to produce plywood for a number of functions. Plywood affords umpteen benefits, together with enhanced flexibility, simple set up, improved reusability, and excessive chemical substances, moisture, and fireplace resistance. Thus, it is extensively utilized in flooring, roofing, inside partitions, furnishings, doorways, and exterior cladding.

India Plywood Market Trends:

The introduction of quite a few initiatives by the Government of India (GOI), such because the Pradhan Mantri Awas Yojana, NTR, and DDA Housing Scheme, to promote the event of housing tasks within the nation represents one of many key components primarily boosting the market progress. Additionally, the growing variety of refurbishment and renovation actions due to the rising client expenditure energy is accelerating market progress. In line with this, the rising demand for high-quality and premium plywood and the quickly increasing furnishings business are different growth-inducing components. Besides this, the surging product demand in quite a few industrial functions due to its varied benefits and the introduction of low toxicity and environmentally sustainable plywood with improved aesthetics are driving the market progress in India.

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India Plywood Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The aggressive panorama of the India plywood market has been studied within the report with the detailed profiles of the important thing gamers working out there.

Some of those key gamers embody:

• 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 primarily based on sector, product kind, utility, client value, seller value and states.

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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Ask Analyst for Customization and Explore Full Report With TOC & List of Figures:

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 aggressive panorama

If you want particular data that is not presently inside the scope of the report, we’ll present it to you as part of the customization.

Browse Related Reports:

Indian Tiles, Sanitary Ware and Bathroom Fittings Market Report

North America Plywood Market Report

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Elena Anderson
IMARC Services Private Limited
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