Plywood manufactured from very thin layers of wood veneer or plies of wood, is a sheet material in which the plies of wood veneer are glued together. Each ply is usually rotated at up to 90 degrees to the adjacent layer so that there the probability of shrinkage is reduced and the strength gets improved. Certain varieties with special usage are also there like timber wood which is used for construction work or teak wood used for doors, windows, sculptures etc. Teak is recognized by the chemical industry for its various applications reason being its resistance to harsh chemicals and its durability.
In India the history of plywood industry is quite recent, it goes back about 75 years ago. Like all other manufacturing industries plywood industry claims a bright future in India. A major consumer of composite wood, the plywood industry in India is producing more plywood than it has produced in the last 20 years. In recent days there is a shift in trend from non-branded to branded plywood by the consumers. Also, the plywood prices pay a huge role in this change.
The Indian plywood and allied products industry has an annual revenue of about Rs. 25,000-30,000 crores. Out of this 25 to 30 percent is the organized sector and approximately 70 percent is dominated by the unorganized sector comprising of a multitude of mutely players. As per the market research the estimated turnover of the Indian Infrastructure Industry is Rs 13000 crores and the expected future growth rate of 10% per annum is estimated for the Indian Infrastructure Industry. The Uttarakhand Plywood Manufacturing Association (UPMA) however is of the belief that the growth of the industry will be 25 percent this year as compared to the previous year.
Recently, the Indian plywood industry has been hit by the slump in the real estate industry, which has always been a significant source of demand for plywood. Also, the Indian plywood industry is having a tough time against cheap imports of China against holding its own.
President of the Federation of India Plywood and Panel Industry, Sajjan Bhajanka has said that the Chinese plywood products invading the Indian markets was a matter of concern, especially for the unorganized and small players in the Indian plywood industry. His view was seconded by the president of North India Plywood Manufacturer Association (NIPMA), Naresh Tiwari. Plywood manufacturers are of the view that this year although Chinese imports have been lower quantity wise because of the quality issues, they are afraid that once China with the quality products starts flooding of the Indian markets, then the Indian industry especially the unorganized segment of the Indian industry could be in danger.