India Fiberboard Market (2025-2031) Outlook | Value, Growth, Industry, Trends, Analysis, Companies, Size, Share, Forecast & Revenue

India Fiberboard Market Import Shipment Trend (2020-2024)

The India fiberboard market import shipment demonstrated strong growth with a CAGR of 17.6% from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024, showing a decrease of 23.6%. Overall, the market expanded significantly but showed signs of slowing down towards the end of the period.

India Fiberboard Market Synopsis

The India fiberboard market is estimated to be worth INR 17,000 crore. The industry has seen a CAGR of around 8% and is projected to grow at a CAGR of 6.6% during the period. Major players contributing to the growth of this market are Greenply Industries Limited, Century Plyboards (India) Ltd., Duroply Industries Pvt Ltd., Goel Ganga Group, Ravani Timber & Plywood Industries, etc. The demand for fiberboard products such as particle board and medium density fibreboard (MDF), among others has been on an increasing trend due to factors such as rising population leading to increased housing requirements and rising disposable income that leads towards higher expenditure capacity towards home d?cor items.

Market Drivers of the market

The India Fiberboard Market experiences growth due to the thriving construction and furniture industries in the country. Fiberboard, including medium-density fiberboard (MDF) and high-density fiberboard (HDF), serves as a cost-effective and eco-friendly alternative to solid wood. The rising demand for affordable and aesthetically appealing furniture drives the use of fiberboard in the furniture manufacturing sector. Additionally, the construction industry`s requirement for interior applications like cabinetry, paneling, and partitions further boosts the fiberboard market. The ease of machining and superior surface finish offered by fiberboard also makes it a preferred choice for various applications, propelling its demand in the India market.

Challenges of the Market

The India Fiberboard Market encounters certain challenges that impact its growth and adoption in the construction and furniture industries. One of the primary challenges is the competition from other engineered wood products and materials. Fiberboard faces competition from plywood, particleboard, and other composite wood products, which offer similar characteristics and functionalities. Price fluctuations in raw materials, especially wood fibers, also impact the cost of fiberboard production. Ensuring a stable supply of quality wood fibers becomes crucial for manufacturers. Moreover, the limited moisture resistance and susceptibility to swelling in humid conditions can limit the application of fiberboard in certain environments, posing a challenge for its widespread use. Addressing these limitations and continuously innovating to improve product properties are essential for the fiberboard market`s sustained growth.

Covid-19 Impact on the Market

The India Fiberboard Market faced challenges during the COVID-19 pandemic, mainly due to the disruptions in the construction and furniture industries. The slowdown in construction activities and the closure of furniture stores and showrooms affected the demand for fiberboard. Many construction projects were put on hold or delayed, impacting the consumption of fiberboard in applications like interior paneling and cabinetry. The supply chain disruptions and transportation challenges also led to increased costs and uncertainties for manufacturers. However, with the gradual resumption of construction activities and the shift towards remote work arrangements, there was an increased focus on home improvement and refurbishment projects. This drove the demand for fiberboard for DIY applications and home renovations. As the construction and furniture industries regained momentum, the fiberboard market started recovering and is expected to witness steady growth in the post-pandemic era.

Key Players of the Market

The India Fiberboard Market is served by major manufacturers and suppliers of fiberboard products catering to the construction and furniture industries. These key players offer a wide range of fiberboard solutions, including medium-density fiberboard (MDF) and high-density fiberboard (HDF), to meet the diverse needs of consumers and industries. Some of the major players in this market include Greenply Industries Ltd., Century Plyboards (India) Ltd., Everest Industries Ltd., Action TESA, Rushil Decor Limited, Associate Decor Limited, Sahyadri Industries Ltd., Uniply Industries Ltd., Bansal Sales Corporation Pvt. Ltd., and Kitply Industries Ltd. These companies play a critical role in providing cost-effective and eco-friendly fiberboard solutions, contributing to the growth of the fiberboard market in India.

Key Highlights of the Report:

• India Fiberboard Market Outlook
• Market Size of India Fiberboard Market, 2024
• Forecast of India Fiberboard Market, 2031
• Historical Data and Forecast of India Fiberboard Revenues & Volume for the Period 2021-2031
• India Fiberboard Market Trend Evolution
• India Fiberboard Market Drivers and Challenges
• India Fiberboard Price Trends
• India Fiberboard Porter's Five Forces
• India Fiberboard Industry Life Cycle
• Historical Data and Forecast of India Fiberboard Market Revenues & Volume By Board Type for the Period 2021-2031
• Historical Data and Forecast of India Fiberboard Market Revenues & Volume By Hardboard for the Period 2021-2031
• Historical Data and Forecast of India Fiberboard Market Revenues & Volume By Medium/Hard Density Fiberboard MDF/HDF for the Period 2021-2031
• Historical Data and Forecast of India Fiberboard Market Revenues & Volume By Other Fiberboard for the Period 2021-2031
• Historical Data and Forecast of India Fiberboard Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Fiberboard Market Revenues & Volume By Construction for the Period 2021-2031
• Historical Data and Forecast of India Fiberboard Market Revenues & Volume By Roofing for the Period 2021-2031
• Historical Data and Forecast of India Fiberboard Market Revenues & Volume By Others for the Period 2021-2031
• India Fiberboard Import Export Trade Statistics
• Market Opportunity Assessment By Board Type
• Market Opportunity Assessment By Application
• India Fiberboard Top Companies Market Share
• India Fiberboard Competitive Benchmarking By Technical and Operational Parameters
• India Fiberboard Company Profiles
• India Fiberboard Key Strategic Recommendations