Indian Paper Industry - Future Growth

Paper consumption in India is likely to witness 6-7 per cent annual growth and will reach around 35 million tonnes by FY 2030, largely driven by emphasis on education and literacy coupled with growth in organised retail. The paper Industry holds immense potential for growth in India as the per capita consumption globally is one of the lowest. Around 15 per cent of the world population stays in India but consumes only 5 per cent of the total paper produced in the world..The emphasis on education and literacy coupled with growth in organized retail and demand for better quality paper are the major drivers of growth. Moreover, there has been continued demand for quality packaging of FMCG products, pharmaceuticals, textiles, organized retail, booming e-commerce, and other segments. The future of Indian Paper Industry is bright, particularly packaging, specialty papers, etc.