In FY 2022-23, the Indian plywood market achieved a significant size of INR 208.5 Billion. Plywood is a board manufactured by assembling thin wood veneers at right angles, using strong adhesives. It utilizes various wood varieties like maple, mahogany, oak, pine, cedar, and spruce to produce plywood for a wide range of applications. Plywood offers several advantages, including improved flexibility, reusability, easy installation, and high chemical, moisture, and fire resistance. As a result, it finds diverse uses in flooring, roofing, furniture, doors, interior walls, and external cladding.
Leading plywood companies are making substantial investments in research and development (R&D) to introduce advanced product variants that possess enhanced durability, low toxicity, improved aesthetics, and environmental sustainability. Many key players are adopting advanced technologies to strengthen their position in the market. These nanotechnology-infused products contain highly activated and energized nanoparticles that have the ability to rupture and eliminate viruses upon contact with the plywood. The market is expected to reach a size of INR 306.5 Billion by FY 2028-29, exhibiting a compound annual growth rate (CAGR) of 6.74% during the forecast period from FY 2023-24 to FY 2028-29.
Archid Ply Industries Ltd
- Established in 1976
- Headquartered in New Delhi, India
- Revenues: INR 100 cr – 500 cr
Archid Ply Industries Limited is a prominent manufacturer and seller of wood and paper-based products in India. Their product range includes decorative laminates, archidply, monarchy, silvi, and ojus plywoods, PVC boards, WPC board, and hybrid WPC board. Known for their high-quality products available in a wide variety of colors, Archid Ply Industries gained recognition as the pioneer of Low Formaldehyde emission plywood in India, introduced in 2008.
Austin Plywood Private Limited
- Founded in 2006
- Headquartered in Kolkata, India
- Revenues: INR 100 cr – 500 cr
Austin Plywood Private Limited specializes in designing and manufacturing wood products. Their offerings include plywood, block boards, and flush doors for various applications such as bedrooms, offices, living rooms, kitchens, and outdoor areas. Austin Plywood has established a reputable presence in the international plywood industry, serving customers in more than 25 countries worldwide. Notably, Austin Plywood is the only brand approved by BS 1088 Lloyds from London, UK.
Century Plyboards India Ltd.
- Established in 1986
- Headquartered in Kolkata, India
- Revenues: Over INR 500 cr
Century Plyboards India Ltd. is a leading manufacturer and seller of plywood, laminates, decorative veneers, pre-laminated boards, particle boards, medium-density fiberboards (MDF), and flush doors in India. Additionally, they provide container freight station services, trade in chemicals and panel products, and offer pre-engineered doors, fiber cement boards, and PVC sheets. The company’s products are primarily marketed under the following brands: CENTURYDOORS, CENTURYLAMINATES, CENTURYVENEERS, Zykron, STARKE, and CENTURY PLY.
Duro Ply Industries Limited
- Established in 1957
- Headquartered in Kolkata, India
- Revenues: INR 100 cr – 500 cr
Duro Ply Industries Limited is a renowned player in the plywood industry, known for its flagship brand “Duro.” They specialize in producing high-quality plywoods, blockboards, decorative veneers, and flush doors. Duro Ply Industries prides itself on sourcing handpicked raw materials and holds certifications such as FSC (license code FSC-C108194) and E1, making it a forest-friendly company. Notably, they were the first to manufacture and market plywood made from European Beech.
Green Ply Industries Limited (GIL)
- Established in 1984
- Headquartered in Kolkata, India
- Revenues: Over INR 500 cr
Greenply Industries Limited (GIL) is the largest interior infrastructure company in India. They manufacture a diverse range of interior infrastructure products, including block boards, decorative laminates, plywood, decorative veneers, laminate flooring, medium-density fiberboards (MDF), and restroom cubicles. With 45 branches across India and a presence in approximately 300 cities, they have an extensive network of over 13,000 distributors, dealers, sub-dealers, and retailers. Greenply Industries was also honored with the Best Green Manufacturing Company award by National Feather Awards.
Green Panel Industries Limited
- Established in 2010
- Headquartered in Haryana, India
- Revenues: Over INR 500 cr
Green Panel Industries Limited is the largest manufacturer of wood panels in the country. They offer plain and pre-laminated medium-density fiberboards, plywood, decorative veneers, flush and commercial doors, and trade in medium-density fiber boards and allied products. With a robust distribution network comprising over 3,000 outlets nationwide, Green Panel Industries caters to the growing demand for wood panels.
Kajaria Ply
- Established in 2018
- Headquartered in Delhi, India
- Revenues: INR 1 cr – 100 cr
Kajaria Plywood Pvt. Ltd., a subsidiary of Kajaria Ceramics Ltd., the largest manufacturer of ceramic/vitrified tiles in India, operates under the brand KajariaPLY. They specialize in the production of wood panel products, including plywoods, blockboards, flush doors, and laminates. Kajaria Plywood currently exports its products to 35 countries.
Merino Industries Limited
- Established in 1965
- Headquartered in Uttar Pradesh, India
- Revenues: Over INR 500 cr
Merino Industries Limited is a versatile manufacturer and marketer of interior solutions. Their extensive product range includes laminates, boards, doors, and vinyl flooring, catering to homes, offices, commercial areas, and public spaces. While the company originated as a plywood manufacturing unit, it has expanded its offerings over the years. Merino Industries also operates in other business segments, including Agro Business and information technology services.
These are some of the prominent plywood companies in India, each offering a diverse range of products to cater to various industries and customer requirements.`
