India’s furniture market is undergoing a major shift with a move towards ready-made furniture and a rising preference for medium density fibre (MDF) over plywood in line with the global trends. Moreover, the culture of ready-made furniture is being accepted widely across India as we see in the case of IKEA. The growth rate of plywood today in the Indian market is about 8 to 9 per cent whereas the MDF business today is about 1700 crores, growing between 17 to 20 per cent per annum. Witnessing a steady growth, MDF is now ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!