The India Wood Market Report is Segmented by Type (Hardwood and Softwood), Material (Plywood, Laminates, MDF, and Other Materials), Application (Residential and Commercial), and Distribution Channel (Offline and Online). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The woodworking industry in India is amongst the fastest growing sectors. According to a study conducted by World Bank, the organized furniture market across the country was expected to grow at a rate of about 20 percent annually over the next few years. The country has also been importing wood and wood products. The value of imports in the industry was more than 581 billion Indian rupees at the end of fiscal year 2023.

Industry insight

India has a thriving range of industries that deal with processed and semi-processed value-added timber products. Plywood, veneer and wooden furniture, handicrafts, and pulp and paper are also popular segments within the industry. In 2019, the wood exports from the country were valued at over 70 billion Indian rupees. In response to the growing demands, the wholesale price index of wood and wood products has also increased in recent years.

Growing concerns

To cope with domestic and international demands, tree loss in the nation has been consistent over the last 20 years. The damage along the north eastern parts of the country was severe in the last five years, due to the ‘’slash and burn’’ cultivation approach. Growing concerns and pressure from environmental organizations possibly reduced the proposed investments in the timber sector. Nonetheless, the demand and growth in the industry is most likely to remain unaffected by the ‘minor’ growth inhibitors.

The Report Covers Wooden Flooring Manufacturers in India and it is segmented by product type (solid wood flooring, laminated wood flooring, and engineered wood flooring), by end-user (residential and commercial), and by distribution channel (home centers, specialty stores, online retailers, and other distribution channels). The report offers market size and forecasts for the Indian wood flooring market in terms of value (USD million) for all the above segments.

In 2023, after two years of growth, there was significant decline in the Indian wood-based panels market, when its value decreased by -5% to $11B. Over the period under review, the total consumption indicated strong growth from 2012 to 2023: its value increased at an average annual rate of +6.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

In the fiscal year 2022, the wood valued at over 40 billion Indian rupees were imported to India. Of these, imported wood and articles of wood accounted for a significantly larger amount than exports, with almost 14 billion Indian rupees being exported. This industry came under the delicensed category.

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Wooden Furniture Market Size 2025-2029

The wooden furniture market size is forecast to increase by USD 126.8 billion at a CAGR of 5.9% between 2024 and 2029.

The market is experiencing significant growth due to the expansion of the real estate and construction sectors. The increasing demand for sustainable and eco-friendly home furnishings, such as hardwood cabinets and chairs, is driving market growth. However, challenges persist for manufacturers and companies, including rising costs of raw materials like hardwood and plywood, as well as the emergence of alternatives like rubber and plastic furniture. Outdoor furniture and luxury furniture segments are also witnessing increased demand, with innovations like LED lighting and upholstered furniture adding to the market's appeal. The spa and wellness industry's focus on creating relaxing environments is further fueling the demand for high-quality wooden furniture.
Overall, the market is expected to continue its growth trajectory, with trends like customization and technological advancements shaping the future landscape.

What will be the Size of the Wooden Furniture Market During the Forecast Period?

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The market encompasses a diverse range of products, including hardwood and softwood offerings for both residential and commercial applications. Mass market players and specialty stores cater to various segments, such as furniture stores, offices, hospitals, hospitality infrastructure, and commercial applications. The market exhibits a strong growth trajectory, driven by the increasing demand for modular furnishing, premium home interiors, and remodeling services. New residential construction also contributes significantly to market expansion. Popular wooden furniture types include chairs, tables, cabinets, and various specialty items made from mango wood, sheesham wood, rubber wood, lamination, medium-density fiberboard, and other materials. Overall, the market is poised for continued growth, driven by evolving consumer preferences and the versatility of wooden furnishings in various sectors.

How is this Wooden Furniture Industry segmented and which is the largest segment?

The report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Home
  Office


Distribution Channel

  Offline
  Online


Type

  Hardwood
  Softwood


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  South America



  Middle East and Africa

By Application Insights

The home segment is estimated to witness significant growth during the forecast period. The home segment holds a significant share in the market, accounting for the majority of applications. In residential spaces, the preference for wooden furniture continues due to its usability and aesthetic appeal. The trend of compact living and frequent home relocations has led to an increase in demand for portable, wooden furniture. Innovative designs that maximize comfort while minimizing space are highly sought after. This segment encompasses furniture for living rooms, bedrooms, kitchens, dining rooms, bathrooms, and other areas. In commercial applications, it is also popular for its durability and versatility. Wood-based materials, including hardwood, softwood, plywood, particleboard, and engineered wood, are commonly used for both residential and commercial furniture production.
The market is influenced by housing demand, furnishings demand, interior design trends, and sustainability concerns. Natural and eco-friendly materials, such as reclaimed wood and sustainably sourced wood, are gaining popularity due to their minimalist design principles and responsible wood sourcing practices. Furniture repair, refinishing, and upcycling are also growing trends in the market. Wooden furniture is used extensively in various commercial sectors, including office spaces, hospitals, hospitality infrastructure, and commercial construction. The market is expected to grow, driven by these trends and the increasing demand for premium home interiors and remodeling services. Outdoor furniture trends and new residential construction also contribute to the market's growth.

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The home segment was valued at USD 273.40 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC held a signifi

The Indian wood fuel market fell slightly to $9.7B in 2024, stabilizing at the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $12.4B. From 2017 to 2024, the growth of the market failed to regain momentum.

In March 2022, CenturyPlyboard was the leading company in the wood and wood product companies category, with a market capitalization of 152.19 billion Indian rupees in India. This was followed by Greenpanel Ind, with a market capitalization of approximately 69 billion Indian rupees.

In 2017, the amount of pine wood imported into India totaled X cubic meters, lowering by -X% against the previous year. In general, pine wood imports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2009, an increase of X% year-to-year. Over the period under review, the pine wood imports reached its maximum volume of X cubic meters in 2011; however, from 2012 to 2017, it failed to regain its strength.In value terms, pine wood imports stood at $X in 2017.

The Report Covers Furniture Industry in India and the Market is Segmented by Material (Wood, Metal, and Plastic and Other Furniture), Type (Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online, and Other Distribution Channels). The Report Offers Market Size and Forecasts for United States Luxury Furniture Market in Value (USD Million) for all the Above Segments.

This statistic shows the revenue of the industry "Manufacture of products of wood, cork, straw and plaiting materials" in India from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of Manufacture of products of wood, cork, straw and plaiting materials in India will amount to approximately 3,7 billion U.S. Dollars by 2024.

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Wood Packaging Market Size 2024-2028

The wood packaging market size is forecast to increase by USD 18.8 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth due to the cost benefits it offers over alternative materials. This sector is witnessing innovation In the design and production of wooden pallets, which is driving market expansion. However, fluctuating raw material prices pose a challenge to market growth. The use of wood packaging is increasingly popular due to its sustainability and versatility, making it a preferred choice for various industries. This market caters to various industries, with a significant focus on export-oriented packaging for e-commerce and food & beverages storage. The cost-effectiveness of wood packaging, particularly for bulk and heavy products, is a major factor contributing to its market growth. Furthermore, the continuous innovation in the design and engineering of wooden pallets is expanding their applications and enhancing their value proposition. Hardwood and softwood, as well as plywood, are popular choices for wood packaging, with their durability and strength making them suitable for transportation applications. Despite these growth factors, the market faces challenges from the volatility of raw material prices, which can impact the profitability of manufacturers. Overall, the market is expected to continue its growth trajectory, driven by its cost benefits and the ongoing innovation in wooden pallet design.

What will be the Size of the Wood Packaging Market During the Forecast Period?

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The market encompasses a diverse range of products, including wooden crates, pallets, boxes, bins, cases, spools, dunnage, and various types of wooden drums. The use of eco-friendly packaging materials and sustainable alternatives has gained considerable traction due to growing environmental concerns. However, concerns about deforestation and the ecological impact of wood packaging production and transportation have led to increased scrutiny.
Efforts to reduce carbon emissions and transportation costs are driving innovation In the market, with research and development focused on improving the sustainability and efficiency of wood packaging solutions.

How is the Wood Packaging Industry segmented and which is the largest segment?

The wood packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Pallets
  Cases and boxes


Application

  Food and beverages storage
  Transportation
  Industrial
  Shipping
  Others


Geography

  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

    Brazil


  North America



  Europe

By Product Insights

The pallets segment is estimated to witness significant growth during the forecast period.

The market encompasses various product categories, including wooden crates, pallets, boxes, bins, cases, spools, and dunnage. Among these, pallets held the largest market share in 2023. This growth can be attributed to the construction industry's expansion, particularly in Asia Pacific, where urbanization and increasing disposable income are driving residential building construction. Wooden pallets offer higher load capacity compared to alternatives like plastic pallets, making them a preferred choice for transporting heavy construction materials. Ecofriendly packaging materials and sustainable practices are gaining traction In the market due to environmental concerns. Wooden packaging alternatives, such as hardwood and softwood pallets, crates, cases, boxes, and bins, are being adopted for their sustainability and circular economy initiatives.

Despite these benefits, concerns regarding deforestation and the ecological impact of transportation costs and carbon emissions persist. Sustainable sourcing and eco-friendly practices are essential to mitigate these concerns and ensure the market's long-term growth.

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The Pallets segment was valued at USD 55.80 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 31% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC is experiencing significant growth, driven primarily by the e-commerce and retail industries. China and India are leading markets in this region, with the food and beverage sector being a major consumer of wooden cra

The size of the Engineered Wood Flooring Market in India market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.40">> 6.40% during the forecast period. In fact, engineered wood flooring is gaining popularity not only for residences but also for commercial buildings in India. The construction process involves laying a number of plywood and hardwood veneers over a plywood core. This kind of construction makes the engineered wood flooring more robust and stable than various other types of flooring created from solid hardwood. Engineered wood flooring gives the customer a lot of benefits over the traditional flooring materials. This is because it is less prone to warping, shrinking, and swelling due to changes in relative humidity. Sensitivity to moisture becomes advantageous with this feature, given the climatic conditions prevailing in India. Engineered flooring can be laid over different subfloors, thus reducing preparation before installation.Growth in the Indian engineered wood flooring market is seen to continue steadily, driven by increased disposable income, more awareness regarding interior designs, and a high demand for premium materials. Not to be missed on this tally is the added edge of durability and aesthetics that engineered wood flooring provides in respect of flexibility in designing. Recent developments include: May 2023: Greenply Industries Ltd, a manufacturer of plywood and allied products, entered into a joint venture agreement with Samet BV for manufacturing and selling functional furniture hardware, June 2022: Greenlam acquired a laminate manufacturing facility in Gujarat for USD 4.39 Million. This acquisition will reinforce Green Lam's leading position in the laminate industry, raising its capacity to 24.5 million sheets., March 2022: Greenply Industries Limited announced its association with the first-ever team from Uttar Pradesh in the T20 tournament, the Lucknow SuperGiants, as an associate partner of the franchise.. Key drivers for this market are: Growing Wine Consumption Culture is Driving the Wine Cooler Market, Increasing Hospitality Industry's Wine Offering is Driving the Market. Potential restraints include: High Initial Costs of Wine Coolers Act as a Restraint. Notable trends are: Rise In Construction Activity is Increasing Demand For Wooden Flooring.

The report covers India Particle / Chip Board Market Trends & Manufacturers. The market is segmented by Raw Material (Wood, Bagasse, and Other Raw Materials) and Application (Construction, Furniture, Infrastructure, and Other Applications). The market size and forecasts for India Particle Board Market are provided in terms of revenue (USD Million) for all the above segments.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The Indian wood kitchenware and tableware market rose remarkably to $430M in 2024, surging by 5.9% against the previous year. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market attained the maximum level in 2024 and is likely to see steady growth in the near future.

The Report Covers Wood Adhesives Market Suppliers and is segmented by resin type (natural and synthetic), technology (solvent-based, water-based, and other technologies), application (furniture, plywood, cabinets, doors, and windows, and other applications), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The market size and forecasts of the Wood Adhesives Market in terms of revenue (USD million) for all the above segments.

The Report Covers Outdoor Furniture Manufacturers in India and the Market is Segmented by Material (Wood, Metal, Plastic, Other Materials), Product (Chair, Tables, Seating Sets, Loungers and Daybeds, Dining Sets, Other Products), Market Type (Organized and Unorganized), End User (Commercial and Residential), and Distribution Channel (Online and Offline). The Report Offers the Market Sizes and Forecasts in Value (USD Million) for all the Above Segments.

The India pallet market size reached 220.3 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 372.9 Million Units by 2033, exhibiting a growth rate (CAGR) of 5.72% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the India pallet market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on type, application and structural design.