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India Paper Market Outlook, 2023
Paper industry of India is turning the new page of development. Put behind all prediction likewise, digital revolution would make paper as obsolete as the typewriter.
By: BONAFIDE RESEARCH & MARKETING PVT. LTD.
'India Paper Market Outlook, 2023' gives a comprehensive analysis on the paper market of India. Since last few years, India is experiencing a major growth in the paper products sales. The continuous improvement of literacy rates, the enhancement of consumers healthy lifestyle, E-commerce, consideration of personal grooming and extended lifespan, plus improvements in conditions and distribution channel development in rural areas, has all created opportunities for expansion of the paper market. Increase in paper, paperboard and packaging materials is due to increased use of electronics, ready to cook meals and pharmaceuticals.
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India paper market is calculated to grow with a CAGR of more than 10% in value terms during review period starting from 2011-12 to 2016-17 and the market is anticipated to reach more than Rs. 75,000 crores at the end of forecasted period year 2022-23. Paperboard & industrial packaging paper, paper stationery, newspaper print and speciality paper altogether creates the overall paper market. As paper industry of India are become more competitive by adding improvements of key ports, roads & railways and communication facilities, revision of forest policy is required for wood based paper industry so that plantation can be raised by industry, cooperatives of farmers and state government. In addition, growing Indian economy, the rising disposable income of consumer, higher literacy rate, growth of FMCG market, etc. encourage the use of paper for writing, printing, newspaper, packaging and much more. Among them paper for paperboard and packaging is used in highest ratio of total paper market. And secondly largest share is contributed by stationery. Altogether both segments are anticipated to sale more than 15 million tonnes (MT) at the end of forecasted period. The emerging segment of paper is speciality paper which includes paper use in bank, bond, cheque, currency note, paper for security printing, stamp paper, etc. has the wider opportunities of growth in near future.
As aggressive environment changes and rising pollution in the country, make people to shift their preference over paper from plastic for packaging and also the support of government encourage the use of paper. Due to technology advancement, wide availability of eco-friendly paper products available encourages the market growth. Marketers are trying to give more innovative products with high durability shows the future growth of paper market.
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Major companies that operate into the paper market in India are ITC Limited, Tamil Nadu Newsprint and Papers Limited (TNPL), J K Paper Limited, Ballarpur Industries Limited, Century Pulp and Paper Limited, The West Coast Paper Mills Limited, International Paper APPM Limited, Seshasayee Paper & Boards Limited (SPB), Emami Paper Mills Limited, N R Agarwal Industries Limited (NRAIL).
Covered in the report:
• India Paper Market
• Paper Board & Industrial Packaging Paper
• Newspaper Print Paper
• Speciality Paper
• Paper Stationery
How it will help solving your strategic decision making process??
The report gives an in-depth understanding of the paper market in India:
- India Paper Market Size By Value & Forecast
- India Paper Board & Industrial Packaging Paper Market Size By Value & Forecast
- India Newspaper Print Market Size By Value & Forecast
- India Speciality Paper Market Size By Value & Forecast
- India Paper Stationery Market Size By Value & Forecast
- Market Size Size By Value & Volume & Forecast
- India Paper Market Share By Segmental Analysis: By Segment, By Company
- Major Players of the Market.
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
- Primary Research Data
- Primary research interviews of various channel partners
- Secondary Research Data
- Secondary research database from company annual reports, financial reports and proprietary databases.
Bonafide Research & Marketing Pvt. Ltd.
Steven Thomas – Sales & Marketing Manager