The production of veneer sheets in India is expected to grow steadily from 2024 to 2028, with forecasts showing an increase from 299.25 thousand cubic meters in 2024 to 315.15 thousand cubic meters in 2028. Comparatively, the production stood at 295.34 thousand cubic meters in 2023. This represents a predicted annual growth rate of approximately 1.3%.
Year-on-year growth from 2024 onward shows consistent increases, reflecting a stable expansion in the sector. Over the next five years, the compound annual growth rate (CAGR) is projected to be around 1.3%.
Future trends to watch for include advancements in manufacturing technology, sustainable practices driving production efficiency, and fluctuations in domestic and international demand affected by economic conditions and regulatory policies.
