Product Code: ETC098623 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India wood based panel market import shipments witnessed a significant decline with a CAGR of -9.2% from 2020 to 2024. The growth rate between 2023 and 2024 further plummeted by -28.6%, indicating a substantial contraction in market activity, reflecting a downward trend with decreasing momentum.
The market Outlook for wood based panel in India is positive, as there is a growing demand for sustainable and high-quality building materials. The increasing urbanization, increased disposable incomes, and the shift of people towards eco-friendly products are some of the key drivers of this market growth.
The growth of the India wood based panel market is driven by several factors such as increasing investments in infrastructure, rising consumer demand for decorative and interior products, growing population driving housing demand, government initiatives to promote the use of timber based products in construction sector and rapid urbanization. The availability of cheap labor and raw materials also increases the cost competitiveness of India manufacturers. Moreover, technological innovations are resulting in higher levels of automation and increased efficiency that further reduces production costs. Additionally, international collaborations with foreign partners have helped boost exports from India thus increasing overall sales volume.
There are certain challenges that need to be addressed such as environmental regulations (which pose difficulties for sourcing raw materials) and pricing competition with other traditional materials like brick etc., which may hamper growth prospects somewhat.Moreover, the availability of low cost imported panels can also hinder domestic production capacity utilization leading to stagnant or declining local prices in some cases.
Major players operating in India Wood Based Panel Market include CenturyPly Industries Ltd., Greenply Industries Limited , Merino Laminates Pvt Ltd., Uniply Industries Pvt Ltd., Action Tesa Furniture Co Pvt Ltd., Apple Plywood Industry Private Limited , Sri Lakshmi Timber Mart LLP , Khemka Plyland Private Limited amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Wood Based PanelMarket Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Wood Based PanelMarket Revenues & Volume, 2021 & 2031F |
3.3 India Wood Based PanelMarket - Industry Life Cycle |
3.4 India Wood Based PanelMarket - Porter's Five Forces |
3.5 India Wood Based PanelMarket Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Wood Based PanelMarket Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Wood Based PanelMarket Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for affordable housing and commercial spaces in India |
4.2.2 Growth in the furniture industry and interior designing sector |
4.2.3 Government initiatives promoting sustainable construction practices |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting production costs |
4.3.2 Competition from alternative materials like PVC and aluminum |
4.3.3 Challenges in obtaining certifications for sustainable practices |
5 India Wood Based PanelMarket Trends |
6 India Wood Based PanelMarket, By Types |
6.1 India Wood Based PanelMarket, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Wood Based PanelMarket Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Wood Based PanelMarket Revenues & Volume, By Medium density fiberboard (MDF), 2021-2031F |
6.1.4 India Wood Based PanelMarket Revenues & Volume, By High density fiberboard (HDF), 2021-2031F |
6.1.5 India Wood Based PanelMarket Revenues & Volume, By Particleboard, 2021-2031F |
6.1.6 India Wood Based PanelMarket Revenues & Volume, By Oriented Strand Board (OSB), 2021-2031F |
6.1.7 India Wood Based PanelMarket Revenues & Volume, By Softboard, 2021-2031F |
6.1.8 India Wood Based PanelMarket Revenues & Volume, By Hardboard, 2021-2031F |
6.2 India Wood Based PanelMarket, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Wood Based PanelMarket Revenues & Volume, By Furniture, 2021-2031F |
6.2.3 India Wood Based PanelMarket Revenues & Volume, By Construction, 2021-2031F |
6.2.4 India Wood Based PanelMarket Revenues & Volume, By Packaging, 2021-2031F |
7 India Wood Based PanelMarket Import-Export Trade Statistics |
7.1 India Wood Based PanelMarket Export to Major Countries |
7.2 India Wood Based PanelMarket Imports from Major Countries |
8 India Wood Based PanelMarket Key Performance Indicators |
8.1 Forest certification percentage |
8.2 Percentage of wood waste recycled |
8.3 Adoption rate of eco-friendly wood panel products |
8.4 Investment in research and development for sustainable practices |
8.5 Green building certifications achieved by wood panel manufacturers |
9 India Wood Based PanelMarket - Opportunity Assessment |
9.1 India Wood Based PanelMarket Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Wood Based PanelMarket Opportunity Assessment, By Application, 2021 & 2031F |
10 India Wood Based PanelMarket - Competitive Landscape |
10.1 India Wood Based PanelMarket Revenue Share, By Companies, 2024 |
10.2 India Wood Based PanelMarket Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |