Introduction

The Indian paper industry plays a vital role for the growth and development of the economy. India is the fastest growing market for paper.

Indian Paper industry accounts for about 3% of the world’s paper production. The estimated turnover of the industry is 50,000 crores approximately and is expected to reach more than 75000 crores by the end of 2023.

The domestic demand increased from 9.3 million tonnes in FY08 to 17.12 million tonnes at a CAGR of 6.3%. The industry provides employment to more than 0.5 million people directly and 1.5 million indirectly.

The mills use a variety of raw material (i.e. bagasse, recycled fibre, wood, bamboo, wheat straw, rice husk, etc). Approximately 24% of total production is based on wood, 65% on recycled fibre and 11% on agro-residues. There are about 700-800 paper mills across the country.

The industry is classified under four segment: Printing & Writing, Packaging Paper & Board, Specialty Papers & Others, and Newsprint.

Growing Indian economy, the rising disposable income of the individual, growth in FMCG market, etc. encourage the use of paper for printing, writing, newspaper, packaging and much more.

To read more Visit : https://www.elearnmarkets.com/blog/sector-paper/