The global villages are facing a wave of economical and industrial disturbance that we all know. Year 2020 has been extremely difficult for the survival of almost every sector but they are trying to recover.
In this whole phase one of the most affected sectors was plywood. While talking about this sector one question arises how it’s going to hit back strongly to survive amid crisis? The answer is a possible surge in demand and positive consumer behaviour.
Talking about this sector, its market is expected to dominate the furniture market as the demand for wooden furniture has increased manifold in India. India thrives in the natural resources of diverse tree species, and the wooden furniture industry uses both indigenous wood and imported wood to sustain.
The upcoming scenario of the market in India is competitive due to the presence of a large number of small and local manufacturers that accounts for a larger share in production.
Southern and Northern India has a high demand for furniture products, but it is majorly in the South where most manufacturers and distribution networks exist. Conforsply in Northern India hails from Yamunanagar, Haryana spreading its network by delivering quality plywood across India.
Conforsply is best known supplier of commercial plywood, calibrated plywood, flush door, block doors, and marine plywood. The calibrated plywood being one of the most sturdy and durable variety, shows immense aspects and opportunities for manufacturers to innovate and deal with growing demand in the furniture market.
The need for modular furniture provides immense opportunities for wooden furniture and hardware manufacturers in the market. Furniture producers are considering variety of factors while designing furniture, such as the plywood thickness, quality functionality, look, aesthetic and value.
Calibrated plywood fulfills all the requirements and becomes a supreme quality material for a lot of wood made luxury.
The demand for calibrated plywood in the Indian market is mainly driven by the residential sector. The contribution of the residential sector’s demand is comparatively better than commercial sector. One of the prominent reasons for this elevation in demand is mainly because people are utilizing calibrated plywood in homes in constructing many things such as cupboards, kitchen cabinets, modular kitchen surfacing, sofa sets, dining sets, chairs, beds, wooden decors, and other purposes.
The humongous demand and supply chain will create boom for engineered wooden furniture in metro cities, such as Delhi, Bangalore, Mumbai, and other major cities.
The residential real estate is witnessing prolific growth in the last couple of years, due to the increasing population and growing demand for affordable housing accommodation, which is likely to further remain in the list of one the deciding factors for the Calibrated Plywood future in Indian market.
As a matter of fact it is noticeable that the market size of the Indian plywood segment in year 2018 was around 2.5 Billion USD, topped by unorganized players having a share of more than 70% in the market. Calibrated Plywood is the most preferred wood for making furniture in India.
It is a manufactured wood panel made from thin sheets of wood veneer in a thickened form. Plywood is durable so it is widely used for any furniture/wood panel application in the Indian wood furniture market. However, the parallel competitor of calibrated plywood can be Bamboo Material Boards (BMB) which is becoming popular in the Indian market for manufacturing furniture.
Conforsply is one of the major suppliers and manufacturer of calibrated plywood with advanced technology so can be a leading player in the organized plywood Indian market.
However, still there are other traditional popular types of wood used in the Indian furniture industry such as teak, sandalwood, sheesham, ebony, walnut, sal, red cedar, and rosewood, therefore, it will take some time for calibrated plywood to become pervasive and be the first choice of every home.
The furniture market in India is moving from the unorganized sector to the organized industry to adapt to fast paced changes. The crucial states for the wood furniture market in India are Kerala, Punjab, Andhra Pradesh, West Bengal, Uttar Pradesh, and West Bengal.
The engineered calibrated plywood made goods are gaining popularity in Indian cities due to rise in demand for ready-to-assemble furniture in towns.
Moreover, the ease of buying from the online platform is also encouraging the growth of modular and multifunctional furniture in the market for home décor.
Calibrated Plywood demand is showing increase with excellent acceptance and awareness among users. The recent market inputs and demand sentiment researches are suggesting that users are asking for calibrated plywood because of growing uses of costly decorative surfaces or new coating that make the furniture extremely beautiful.
Plywood manufacturers from Yamunanagar (Haryana), Punjab, Gujarat, Kolkata, Karnataka etc. are scaling up their approach of manufacturing with the changes they are bringing in their factories like cold press, calibration machines, thickness control equipment, core composer, require free flow of material movement. A well nurtured and growing potential in the Calibrated Plywood segment can be observed that can be helpful to add value in business.
As we all are aware of that the expenditure on furniture and home decor has increased as a result of upsurge in incomes, urbanisation, investment in real estate, western influence, etc.
Moreover, the introduction of new designs and diverse product range of furniture have further helped in creating a demand among the consumers. Expanding distribution network and exclusive outlets of furniture manufacturers in the region has also helped in influencing the market for plywood.
The demand of calibrated plywood is the pavement for a better empire and network in future. It is going to be very pocket-friendly and popular as it will open dimensions for various entrepreneurs, local manufacturers and will also provide options to consumers. If we see it from economical perspective it is going to move nation ahead with revenue and pervasive business dominance.
Many market experts are predicting the growth of plywood sector in upcoming 5-10 years at very dramatic rate which is supposed to be an adherent demand factor responsible for it.
