India Plywood Market Overview, Size, Share, Manufacturers, Growth and Business Opportunities 2022-2027
According to IMARC Group’s latest report, titled “ India Plywood Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast FY 2022 to FY 2027 ”, the India plywood market size reached INR 195.8 Billion in FY 2021-22. Looking forward, IMARC Group expects the market to reach INR 297.2 Billion by 2027-28, exhibiting a CAGR of 7.4% during 2022-23 to 2027-28. Year Considered to Estimate the Market Size: Base Year of the Analysis: 2021 Historical Period: 2016-2021 Forecast Period: 2022-2027 Plywood is fabricated from multiple layers of softwood veneer bonded together with the grain direction of each layer perpendicular to that of the adjacent layers. The function of the core layers is to surge the separation among the outer layers where the bending stress is the highest, thus further improving resistance to bending forces. Plywood offers several advantages, which include enhanced flexibility, easy installation, improved reusability, and high resistance to chemicals, moisture, an