Published on October 26, 2015

The plywood industry is experiencing a transformational from unorganized market to the organized. A rise in willingness to spend on branded plywood amongst middle class and above has been noted in the recent years. India Plywood Market is projected to reach INR 479.7 Billion by the end of 2019.

Decorative laminates usually increase the life span of surfaces and give an attractive finish. Asia-Pacific represents the largest and fastest growing market for decorative laminates. Increasing disposable income allow the customer to spend more on furniture and furnishings in which decorative laminates play key role.

Market source said that, the market of decorative laminates is anticipated to witness a significant growth in the coming years. Governments and private sectors across the globe are investing in better infrastructure facilities. Construction of residential and non-residential buildings leads to the increase demand for decorative laminates market in near term.

Market predictors said, in the coming years, shifting consumer trends and their preferences towards quality and branded players, rollout of GST, and increasing expenditures of major players on technology and operations will improve the growth of the organized market over the unorganized market.