Press release
India Wood Based Panels Market Estimated to reach USD 6,243.10 Million By 2033
The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The India wood based panels market size reached USD 1,570.30 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 6,243.10 Million by 2033, exhibiting a growth rate (CAGR) of 14.80% during 2025-2033.
Report Attribute and Key Statistics:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 1,570.30 Million
Market Forecast in 2033: USD 6,243.10 Million
Market Growth Rate (2025-2033): 14.80% CAGR
Overview of India Wood Based Panels Market:
India wood based panels market is witnessing strong growth, fueled by the growing construction and infrastructure markets, growing need for modular furniture, and expanding consumer demand for interior solutions with aesthetic appeal. Government policies focusing on sustainable forest management and constant innovation in panel technology further enhance the market. The trend of using environmentally friendly building materials leads to wood based panels being used as a product of choice both in residential and commercial sectors.
Request for Sample Report: https://www.imarcgroup.com/india-wood-based-panels-market/requestsample
India Wood Based Panels Market Trends and Drivers:
The Indian construction sector, accounting for about 8% of the GDP with an estimate of about USD 126 billion, acts as a strong propeller for the wood based panels market. These panels find wide usage in construction applications like flooring, wall paneling, and roofing due to their high strength and versatility. Government programs such as the Urban Infrastructure Development Fund (UIDF), which will provide USD 1.2 billion every year to improve infrastructure in Tier-2 and Tier-3 cities, further boost demand for high-quality building materials, such as wood based panels. Moreover, the changing consumer trends towards high-end and comfortable home interiors have increased the demand for decorative and functional interior products, making wood based panels a first choice solution for contemporary interior design requirements.
Critical factors driving the market are the boom in modular furniture demand fuelled by urbanisation and shifts in lifestyle that calls for dynamic and long-lasting material such as wood based panels. Government regulations endorsing sustainable forest policies guarantee consistent supplies of raw material, supporting the growth in the market. Innovative technologies developed for panel making raise product standards and widen uses. In addition, the growing awareness and demand for green and sustainable building materials among consumers and developers alike play a major role in driving the market's growth.
Browse Full Report with TOC & List of Figures: https://www.imarcgroup.com/india-wood-based-panels-market
India Wood Based Panels Market of Key Growth Drivers:
• Expansion of the construction sector, contributing 8% to India's GDP.
• Government initiatives like the Urban Infrastructure Development Fund (UIDF) enhancing infrastructure in Tier-2 and Tier-3 cities.
• Rising demand for modular and functional furniture due to urbanization.
• Increasing consumer preference for aesthetically appealing and eco-friendly interior solutions.
• Technological advancements in panel manufacturing improving product quality and applications.
• Government policies promoting sustainable forestry ensuring raw material availability.
India Wood Based Panels Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and national levels for 2025-2033. The report has categorized the market based on product type, distribution channel, application, and region.
Product Type Insights:
• Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF)
• Oriented Strand Board (OSB)
• Particleboard
• Softboard and Hardboard
• Plywood
• Others
Distribution Channel Insights:
• Direct Sales
• Online Stores
• Specialty Stores
• Others
Application Insights:
• Furniture
• Construction
• Packaging
• Others
Regional Insights:
• North India
• West and Central India
• South India
• East India
Competitive Landscape:
The market research report has also provided an in-depth analysis of competition. Competitive analysis such as market structure, positioning of major players, winning strategies of leading players, competitive dashboard, and company evaluation quadrant have been provided in the report. Additionally, full-profile analysis of all major players has been provided.
Key companies include:
• Greenply Industries Limited
• Century Plyboards (India) Limited
• Rushil Decor Limited
• Action TESA
• Archidply Industries Limited
• Kitply Industries Limited
• Merino Industries Limited
• Uniply Industries Limited
• Mangalam Timber Products Limited
• National Plywood Industries Limited
India Wood Based Panels Market News:
• March 2025: Greenply Industries announced the launch of a new range of eco-friendly plywood products, aligning with the growing consumer demand for sustainable building materials.
• January 2025: Century Plyboards inaugurated a state-of-the-art manufacturing facility in Gujarat, aiming to increase production capacity and meet the rising market demand.
• December 2024: Rushil Decor Limited reported a 20% year-on-year increase in revenue, attributed to the surge in demand for modular furniture and interior solutions.
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
Ask an analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31524&flag=C
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No.: +91 120 433 0800
Americas: +1 631 791 1145 | Asia: +91-120-433-0800 | UK: +44-753-714-6104
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Wood Based Panels Market Estimated to reach USD 6,243.10 Million By 2033 here
News-ID: 3994261 • Views: …
More Releases from IMARC Group
Global Polycarbonate Market Size, Price Trends, Industry Report 2033
The global Polycarbonate market reached USD 11.3 billion in 2024 and is projected to climb to USD 17.6 billion by 2033, expanding at a CAGR of 4.81% during the forecast period (2025-2033). This growth is fueled by rising demand across high-value sectors - especially in medical applications, electronics safety design, and luxury automotive manufacturing. Polycarbonate's unmatched blend of transparency, impact resistance, heat tolerance, and moldability makes it indispensable across industries…
Global Snowmobile Manufacturing Market: Trends, Size, Share, and Forecast 2025-2 …
The global Snowmobile market reached USD 1.82 billion in 2024, and is anticipated to expand to USD 2.47 billion by 2033, registering a CAGR of 3.15% (2025-2033). This growth is being driven by the rising popularity of winter recreational tourism, enhanced rental and trail infrastructure, and a wave of innovations - such as cleaner, quieter engines and more efficient riding technologies - that are making snowmobiles more accessible and appealing…
Global Cell Counting Market Size, Share, Growth Analysis 2025 - 2033
The global Cell Counting Market is on a robust growth trajectory, fueled by the rising demand for precision in life science research, drug discovery, and clinical diagnostics. As laboratories increasingly adopt automated and high-throughput solutions to enhance accuracy and efficiency, the market is experiencing significant momentum. According to IMARC Group, the market is projected to expand from a 2024 valuation of USD 11.80 billion to reach USD 19.83 billion by…
Brazil 3PL Market Size, Share & Growth Forecast 2033
Brazil 3pl Market Overview
Market Size in 2024: USD 29.3 Billion
Market Forecast in 2033: USD 56.0 Billion
Market Growth Rate: 7.49% (2025-2033)
According to the latest report by IMARC Group, the Brazil 3pl market size was valued at USD 29.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 56.0 Billion by 2033, exhibiting a CAGR of 7.49% from 2025-2033.
Brazil 3pl Industry Trends and Drivers:
The Brazil 3PL market is…
More Releases for India
India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035).
India Smart Air Purifier Market Overview
The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features…
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
