Segmentation By Product (Plywood and Laminate); By Application (Furniture, Building Interior & Construction, Packaging and Others); By End User (Residential and Commercial); By Usability (New Construction and Replacement) and By Sector (Organized and Unorganized) - Industry Demand Analysis and Opportunity Assessment 2018-2027
Buy NowIndia Plywood and Laminates Market
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview
2. Research Methodology
2.1. Variables (Dependent and Independent)
2.2. Multi Factor Based Sensitivity Model
3. Executive Summary- India Plywood and Laminates Market
4. Market Factors Influencing The Usage Of Plywood And Laminates
5. Market Dynamics
5.1. Drivers
5.2. Challenges
5.3. Opportunities
5.4. Trends
6. India Plywood and Laminates Market Outlook
6.1. Market Size and Forecast, 2019-2027
6.1.1. By Value (USD Million)
6.1.2. By Volume (Square Ft.)
6.2. Market Size and Forecast, By Segment (2019-2027, USD Million)
6.2.1. By Product
6.2.1.1. Plywood, 201-2027F (USD Million & Square Ft.)
6.2.1.2. Laminates, 2019-2027F (USD Million & Square Ft.)
6.2.2. By Application
6.2.2.1. Furniture, 2019-2027F (USD Million & Square Ft.)
6.2.2.2. Building Interior & Construction, 2019-2027F (USD Million & Square Ft.)
6.2.2.2.1. Doors, 2019-2027F (USD Million & Square Ft.)
6.2.2.2.2. Flooring, 2019-2027F (USD Million & Square Ft.)
6.2.2.2.3. Stairs, 2019-2027F (USD Million & Square Ft.)
6.2.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
6.2.2.3. Packaging, 2019-2027F (USD Million & Square Ft.)
6.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
6.2.3. By End User
6.2.3.1. Residential, 2019-2027F (USD Million & Square Ft.)
6.2.3.2. Commercial, 2019-2027F (USD Million & Square Ft.)
6.2.4. By Usability
6.2.4.1. New Construction, 2019-2027F (USD Million & Square Ft.)
6.2.4.2. Replacement, 2019-2027F (USD Million & Square Ft.)
6.2.5. By Sector
6.2.5.1. Organized, 2019-2027F (USD Million & Square Ft.)
6.2.5.2. Unorganized, 2019-2027F (USD Million & Square Ft.)
6.2.6. By Zones
6.2.5.1. North India, 2019-2027F (USD Million & Square Ft.)
6.2.5.2. East India, 2019-2027F (USD Million & Square Ft.)
6.2.5.3. West India, 2019-2027F (USD Million & Square Ft.)
6.2.5.4. South India, 2019-2027F (USD Million & Square Ft.)
7. North India Plywood and Laminates Market Outlook
7.1. Market Size and Forecast, By Segment (2019-2027, USD Million)
7.2.1. By Product
7.2.1.1. Plywood, 201-2027F (USD Million & Square Ft.)
7.2.1.2. Laminates, 2019-2027F (USD Million & Square Ft.)
7.2.2. By Application
7.2.2.1. Furniture, 2019-2027F (USD Million & Square Ft.)
7.2.2.2. Building Interior & Construction, 2019-2027F (USD Million & Square Ft.)
7.2.2.2.1. Doors, 2019-2027F (USD Million & Square Ft.)
7.2.2.2.2. Flooring, 2019-2027F (USD Million & Square Ft.)
7.2.2.2.3. Stairs, 2019-2027F (USD Million & Square Ft.)
7.2.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
7.2.2.3. Packaging, 2019-2027F (USD Million & Square Ft.)
7.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
7.2.3. By End User
7.2.3.1. Residential, 2019-2027F (USD Million & Square Ft.)
7.2.3.2. Commercial, 2019-2027F (USD Million & Square Ft.)
7.2.4. By Usability
7.2.4.1. New Construction, 2019-2027F (USD Million & Square Ft.)
7.2.4.2. Replacement, 2019-2027F (USD Million & Square Ft.)
7.2.5. By Sector
7.2.5.1. Organized, 2019-2027F (USD Million & Square Ft.)
7.2.5.2. Unorganized, 2019-2027F (USD Million & Square Ft.)
7.2.6. By States
7.2.5.1. Uttar Pradesh, 2019-2027F (USD Million & Square Ft.)
7.2.5.2. Punjab, 2019-2027F (USD Million & Square Ft.)
7.2.5.3. Haryana, 2019-2027F (USD Million & Square Ft.)
7.2.5.4. Himachal Pradesh, 2019-2027F (USD Million & Square Ft.)
7.2.5.5. Rest of North India, 2019-2027F (USD Million & Square Ft.)
8. East India Plywood and Laminates Market Outlook
8.1. Market Size and Forecast, By Segment (2019-2027, USD Million)
8.2.1. By Product
8.2.1.1. Plywood, 201-2027F (USD Million & Square Ft.)
8.2.1.2. Laminates, 2019-2027F (USD Million & Square Ft.)
8.2.2. By Application
8.2.2.1. Furniture, 2019-2027F (USD Million & Square Ft.)
8.2.2.2. Building Interior & Construction, 2019-2027F (USD Million & Square Ft.)
8.2.2.2.1. Doors, 2019-2027F (USD Million & Square Ft.)
8.2.2.2.2. Flooring, 2019-2027F (USD Million & Square Ft.)
8.2.2.2.3. Stairs, 2019-2027F (USD Million & Square Ft.)
8.2.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
8.2.2.3. Packaging, 2019-2027F (USD Million & Square Ft.)
8.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
8.2.3. By End User
8.2.3.1. Residential, 2019-2027F (USD Million & Square Ft.)
8.2.3.2. Commercial, 2019-2027F (USD Million & Square Ft.)
8.2.4. By Usability
8.2.4.1. New Construction, 2019-2027F (USD Million & Square Ft.)
8.2.4.2. Replacement, 2019-2027F (USD Million & Square Ft.)
8.2.5. By Sector
8.2.5.1. Organized, 2019-2027F (USD Million & Square Ft.)
8.2.5.2. Unorganized, 2019-2027F (USD Million & Square Ft.)
8.2.6. By States
8.2.5.1. Bihar, 2019-2027F (USD Million & Square Ft.)
8.2.5.2. Jharkhand, 2019-2027F (USD Million & Square Ft.)
8.2.5.3. West Bengal, 2019-2027F (USD Million & Square Ft.)
8.2.5.4. Odisha, 2019-2027F (USD Million & Square Ft.)
8.2.5.5. Rest of East India, 2019-2027F (USD Million & Square Ft.)
9. West India Plywood and Laminates Market Outlook
9.1. Market Size and Forecast, By Segment (2019-2027, USD Million)
9.2.1. By Product
9.2.1.1. Plywood, 201-2027F (USD Million & Square Ft.)
9.2.1.2. Laminates, 2019-2027F (USD Million & Square Ft.)
9.2.2. By Application
9.2.2.1. Furniture, 2019-2027F (USD Million & Square Ft.)
9.2.2.2. Building Interior & Construction, 2019-2027F (USD Million & Square Ft.)
9.2.2.2.1. Doors, 2019-2027F (USD Million & Square Ft.)
9.2.2.2.2. Flooring, 2019-2027F (USD Million & Square Ft.)
9.2.2.2.3. Stairs, 2019-2027F (USD Million & Square Ft.)
9.2.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
9.2.2.3. Packaging, 2019-2027F (USD Million & Square Ft.)
9.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
9.2.3. By End User
9.2.3.1. Residential, 2019-2027F (USD Million & Square Ft.)
9.2.3.2. Commercial, 2019-2027F (USD Million & Square Ft.)
9.2.4. By Usability
9.2.4.1. New Construction, 2019-2027F (USD Million & Square Ft.)
9.2.4.2. Replacement, 2019-2027F (USD Million & Square Ft.)
9.2.5. By Sector
9.2.5.1. Organized, 2019-2027F (USD Million & Square Ft.)
9.2.5.2. Unorganized, 2019-2027F (USD Million & Square Ft.)
9.2.6. By States
9.2.5.1. Maharashtra, 2019-2027F (USD Million & Square Ft.)
9.2.5.2. Madhya Pradesh, 2019-2027F (USD Million & Square Ft.)
9.2.5.3. Gujarat, 2019-2027F (USD Million & Square Ft.)
9.2.5.4. Rajasthan, 2019-2027F (USD Million & Square Ft.)
9.2.5.5. Rest of West India, 2019-2027F (USD Million & Square Ft.)
10. South India Plywood and Laminates Market Outlook
10.1. Market Size and Forecast, By Segment (2019-2027, USD Million)
10.2.1. By Product
10.2.1.1. Plywood, 201-2027F (USD Million & Square Ft.)
10.2.1.2. Laminates, 2019-2027F (USD Million & Square Ft.)
10.2.2. By Application
10.2.2.1. Furniture, 2019-2027F (USD Million & Square Ft.)
10.2.2.2. Building Interior & Construction, 2019-2027F (USD Million & Square Ft.)
10.2.2.2.1. Doors, 2019-2027F (USD Million & Square Ft.)
10.2.2.2.2. Flooring, 2019-2027F (USD Million & Square Ft.)
10.2.2.2.3. Stairs, 2019-2027F (USD Million & Square Ft.)
10.2.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
10.2.2.3. Packaging, 2019-2027F (USD Million & Square Ft.)
10.2.2.4. Others, 2019-2027F (USD Million & Square Ft.)
10.2.3. By End User
10.2.3.1. Residential, 2019-2027F (USD Million & Square Ft.)
10.2.3.2. Commercial, 2019-2027F (USD Million & Square Ft.)
10.2.4. By Usability
10.2.4.1. New Construction, 2019-2027F (USD Million & Square Ft.)
10.2.4.2. Replacement, 2019-2027F (USD Million & Square Ft.)
10.2.5. By Sector
10.2.5.1. Organized, 2019-2027F (USD Million & Square Ft.)
10.2.5.2. Unorganized, 2019-2027F (USD Million & Square Ft.)
10.2.6. By States
10.2.5.1. Karnataka, 2019-2027F (USD Million & Square Ft.)
10.2.5.2. Kerala, 2019-2027F (USD Million & Square Ft.)
10.2.5.3. Tamil Nadu, 2019-2027F (USD Million & Square Ft.)
10.2.5.4. Andhra Pradesh, 2019-2027F (USD Million & Square Ft.)
10.2.5.5. Rest of South India, 2019-2027F (USD Million & Square Ft.)
11. Competitive Landscape
11.1. Company Profiles
11.1.1. Greenlam Laminates
11.1.2. Greenply Industries Ltd.
11.1.3. Century Ply Boards Ltd.
11.1.4. Uniply
11.1.5. Duroply Industries Ltd.
11.1.6. National Plywood Industries Ltd.
Growth Indicators
According to the statistics of the Ministry of Housing and Urban Affairs, Government of India, out of the total population in India (population census of 2011), 31.16% of the population are in urban areas.
The India plywood and laminates market is thriving on the back of rapid amplification in the urbanization of the country, which is contributing to the growth of the furniture and construction industry, in turn is expected to drive the growth of India plywood and laminates market during the forecast period. Moreover, the replacement cycle of old furniture is anticipated to lower down at a massive rate over the years, raising the need amongst furniture manufacturers to increase their manufacturing scale, which in turn will raise the demand for plywood and laminates from the end user industries. Apparently, several other factors, which include supportive housing facilities by the government of India that promotes low and affordable housing to the low and middle income families, along with the implementation of goods and service tax (GST) in the nation’s tax reforms, which has lowered the price difference between the organized and unorganized sectors, is letting to the inclination of consumers towards branded wooden products. Such factors are anticipated to drive the growth of the India plywood and laminates market.
Barriers
Challenges faced with the unavailability of certain raw materials used in the manufacturing of plywood and laminates raises the overall production cost of the manufacturer, which is anticipated to have a negative impact on the growth of the India plywood and laminates market.
By Product
The India plywood and laminates market is segmented on the basis of product into plywood and laminates. Plywood segment is estimated to expand at a CAGR of 4.55% and is showcasing great potential for the future growth of the segment. Plywood is a new alternative of wood-based products. These are used for commercial and residential applications and are made up from sheet of wood veneer. Plywood are available in different types such as waterproof plywood, decorative plywood, commercial plywood and many others. Increasing demand for plywood in the nation is opening several new opportunities for investors and manufacturers from foreign to invest in the Indian market. Further, the laminate segment is estimated to achieve absolute $ opportunity of USD 676.2 million between the years 2018 and 2027.
By Application
The India plywood and laminates market is also segmented on the basis of application into furniture, building interior & construction, packaging and others. It is observed that there is a high demand for plywood and laminates for the manufacturing of furniture which is promoting the growth of the furniture segment. Plywood and laminates offer a decorative look to the furniture. As such, consumers are preferring the use of plywood and laminates in replacement of raw wood-based products. The furniture segment is anticipated to attain a CAGR of 4.97% during the forecast period. Moreover, the building interior & construction segment is anticipated to grow with the highest CAGR of 5.61% and attain an absolute $ opportunity of USD 813.6 million during the assessment period.
Some of the affluent industry leaders in the India plywood and laminates market are Greenlam Industries Limited, Greenply Industries Limited, Century Plyboards (I) Limited, Uniply, Duroply Industries Limited and National Plywood Industries Ltd. Apparently numerous companies are investing massively and focusing on expansion in product mix and product line so as to gain an extra edge of competitiveness in the India plywood and laminates market.
December 2019: Greenlam Industries Limited announced the launch of an exclusive display showroom which displays a range of products of its exclusive brand NewMika Laminates in Zirakhpur (Chattisgarh), India. The showroom will help the customers of the company to experience the wide product range offered by the company and also choose designs and textures from the selection.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Factors such as rapid urbanization and growing government’s focus towards developing low cost housing and infrastructure are some of the major factors that are driving the growth of the market.
Ans: The market is anticipated to attain a CAGR of 4.83% over the forecast period, i.e. 2019-2027.
Ans: The major players in the India plywood and laminates market are Greenlam Industries Limited, Greenply Industries Limited, Century Plyboards (I) Limited, Uniply, Duroply Industries Limited and National Plywood Industries Ltd.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is majorly segmented by product, application, end user, usability, sector and by zones.
Ans: The product segment is anticipated to hold the largest market share and attain a CAGR of 4.55% over the forecast period owing to the product being used as an alternative to wood-based product and being available in wide forms.
Ans: Challenges faced with the unavailability of certain raw materials used in the manufacturing of plywood and laminates is one of the major factors anticipated to act as a barrier towards the growth of the India plywood and laminates market.
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