IMARC Group has recently released a new research study titled “India Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast FY 2023 to FY 2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
The India plywood market size reached INR 208.5 Billion in FY 2022-23. Looking forward, IMARC Group expects the market to reach INR 306.5 Billion by FY 2028-29, exhibiting a growth rate (CAGR) of 6.74% during 2023-24 to 2028-29. Plywood refers to a type of engineered wood made from thin sheets or veneers of wood that are glued together with their grains running perpendicular to one another. This creates a strong and stable panel that is resistant to warping and cracking. Container Flooring Plywood
Plywood can be made from a variety of wood species and grades and is commonly used in construction, furniture, packaging, and other allied industries. Its versatility, affordability, and strength make it a popular choice for many applications. Plywood can also be designed with specific properties, such as fire-retardant or moisture-resistant, to suit different needs.
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What are the growth prospects and trends in the industry?
The rising construction industry in India represents a significant factor driving the market growth across the country. This is primarily attributed to the increasing application of plywood in building and interior design, which is facilitating the market growth. In addition to this, the increasing demand for furniture and home décor, coupled with the rising disposable incomes is contributing to the growth of the market. The market is also driven by the rising focus of the Government of India (GoI) on infrastructure development and increasing initiatives for affordable housing, which is facilitating the demand for plywood.
Other factors, such as the emergence of eco-friendly and sustainable building practices, the availability of a wide range of plywood grades and types, and the rapid growth of e-commerce and online sales channels, are creating a positive outlook for the market across India.
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:
The report has segmented the India plywood market based on sector, product type, application, consumer price, dealer price and states.
Breakup by Product Type:
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Key Highlights of the Report:
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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