Indian Paper Industry - Present Scenario

Due to wide spread of COVID-19 Pandemic, the sector has seen a de-growth in the year 2020-21, however, in a fair assessment, the paper industry in India, which registered a growth of about 6.5 -7% per cent by the year 2023-24 and it is expected that the industry will grow @rate of 7- 7.5% by the year 2024-25. Among various business segments within the paper industry, the packaging industry has fared well across segments such as pharma sector, FMCG and growth of the e-commerce business have played major role in growth of this segment. However, looking into the overall projected forecast of the Indian Paper industry, it is offering better business opportunities to technology suppliers to find genuine buyers to induct state-of-the art technologies which can bring overall growth to the industry. Around 15% of world population is staying in India but consumes only 4% of the total paper produced in the world. India's growing FMCG sector and high spending in education as well as more health conscious people etc are triggering factors of growth prospects of Indian Paper Industry, particularly the packaging industry in India is expected to grow @15-18%. No doubt post Covid-19 era will be robust period for Indian paper and allied industry as the industry is gradually coming back to its normal level of growth.