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India Plywood and Laminates Market

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

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Report ID: 2366 | Published On: Feb 09, 2023
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India 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.


Market Drivers and Challenges

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.


India Plywood and Laminates Market Graph
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Market Segmentation Synopsis

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.

India Plywood and Laminates Market Graph

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. 

India Plywood and Laminates Market CAGR Graph


India Plywood and Laminates Market CAGR Graph
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Top Featured Competitive Landscape


In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

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.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the India Plywood and Laminates market?

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.

2) What would be the CAGR of India Plywood and Laminates market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 4.83% over the forecast period, i.e. 2019-2027.

5) Who are the major players dominating the India Plywood and Laminates market?

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.

6) How are the company profiles selected?

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.

7) What are the major segments in the India plywood and laminates market?

Ans: The market is majorly segmented by product, application, end user, usability, sector and by zones.

8) What can be the significant growth opportunity for the product segment in the India plywood and laminates market?

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.

8) What are the restraining factors for the market?

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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