About Wood-
The global wood market is a crucial segment of the forestry industry, encompassing the production, processing, and distribution of wood for various applications, including construction, furniture, paper, packaging, and bioenergy. The demand for wood is primarily driven by the construction sector, where timber is used for structural applications, flooring, and interior furnishings. Additionally, the rise in sustainable building practices has increased the adoption of engineered wood products like cross-laminated timber (CLT) and plywood, which offer durability and environmental benefits. The furniture industry also contributes significantly to the market, with rising consumer demand for high-quality wooden furniture and home décor. In recent years, deforestation concerns, regulatory restrictions, and climate change policies have influenced the market dynamics, leading to increased investments in sustainable forestry practices and certified wood products. The growth of bio-based materials and wood-derived energy solutions, such as wood pellets and biomass, has further expanded market opportunities. However, supply chain disruptions, fluctuating raw material costs, and illegal logging issues pose challenges to market stability. Leading industry players, including West Fraser Timber, Weyerhaeuser, and Stora Enso, are focusing on sustainable sourcing, technological advancements in wood processing, and circular economy models to meet the growing demand while ensuring environmental responsibility.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Wood is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that India Vendors will contribute the maximum growth to India Wood- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Century Plyboards (India) Ltd. (West Bengal), Greenply Industries Ltd. (West Bengal), Kitply Industries Ltd. (Assam), Duroply Industries Ltd. (West Bengal), Archidply Industries Ltd. (Karnataka), Merino Industries Ltd. (West Bengal), Uniply Industries Ltd. (Tamil Nadu), Austin Plywood (West Bengal), National Plywood Industries Ltd. (Assam) and Haryana Industry (HIL) Ltd. (Haryana) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SRG Ply & Boards (Tamil Nadu), Amul Boards Pvt. Ltd. (Uttarakhand), Mayur Plywood (West Bengal), Shirdi Industries Ltd. (Maharashtra) and Saburi Panels Pvt. Ltd. (New Delhi).
Segmentation Overview
AMA Research has segmented the market of India Wood- market by Type (Hardwood, Softwood, Plywood, Laminates & Veneers, Particle Board & MDF (Medium-Density Fiberboard) and Engineered Wood), Application (Furniture & Interiors, Construction & Infrastructure, Packaging & Pallets, Paper & Pulp Industry and Others) and Region.
On the basis of geography, the market of Wood- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Wood- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Wood- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Luxury & Custom Wood Products
Market Growth Drivers:
Growing Construction & Infrastructure Development and Increasing Use of Engineered Wood & Composites
Challenges:
Lack of Skilled Labor in the Woodworking Industry
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Rising Investment in Smart Homes & Premium Interiors and Expansion of Domestic Wood-Based Manufacturing Units
Market Leaders and their expansionary development strategies
In December 2024, The Wood Industry Association announced its 2025 Board of Directors, led by Chairperson Rebecca Thompson, a sustainability expert in eco-friendly wood manufacturing. The new board emphasizes priorities such as sustainable forestry, technological advancements, workforce development, and global trade partnerships, aiming to drive innovation and growth while preserving industry traditions.
In March 2025, Celebrating its 25th anniversary, INDIAWOOD 2025 is scheduled at the India Expo Mart & Centre (IEML), Greater Noida, Delhi-NCR. This milestone event aims to drive the growth of the Indian furniture manufacturing and woodworking sector, positioning India as a leading manufacturing hub in the region.
Key Target Audience
Government Authorities, Research and Development, Investors, Venture Capitalist and Third Party Knowledge Providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.