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To safeguard the industry, the Indian wood panel and plywood industry members are collectively seeking a stimulus package. During a webinar organized by The Ply Reporter on 12April 2020,
South India plywood and panel industry contributes approximately 20 percent of demand in India market.
After Greenply, another big plywood brand Century Ply is also going to set up face veneer manufacturing establishment in Gabon Special Economic Zone.
Working from the grass root level to upwards, there are four key stakeholders which comprise of plywood industry i.e. Farmers, Plywood manufacturers, Government authorities and Skilled Professionals.
The objective of entire wood panel and related furniture materials producers are common, that they want to reduce their dependency on men power, and wish to adopt automatic manufacturing establishment for volume production.
A lot is happening on capacity additions in Plywood, Doors, Laminates, PVC boards, Particle Boards, MDF, Edge band, Adhesives, Decorative surfaces and Floorings segment hence there will be growth in market size with more material supply.