Press Release

India Paper and Paper Products Market to Surpass $ 13 Billion by 2024

Requirement of better-quality packaging of FMCG products, rising demand for upstream market of paper products and increasing income levels to boost India paper & paper products market through 2024


According to TechSci Research report, India Paper and Paper Products Market By Application, By Raw Material, Competition, Forecast & Opportunities, 2024, paper & paper products market in India is projected to reach $ 13.4 billion by 2024. Notably, the need for better-quality packaging of FMCG products, increasing demand for upstream market of paper products and rising income levels are anticipated to drive India paper & paper products market through 2024. The world's three largest paper producing countries are China, US and Japan (capturing nearly 50% of the total global paper production), whereas India accounts for a small yet growing share of the global market.

Browse 22 market data Tables and 8 Figures spread through 50 Pages and an in-depth TOC on "India Paper & Paper Products Market"

Based on raw material, waste & recycled paper segment dominated the market in 2018 and is expected to maintain its leading market position in coming years, owing to increasing focus on environment protection. In terms of application, the market has been segmented into writing & printing paper, paperboard & packaging, newsprint and specialty paper. With huge demand in industries including FMCG, food & beverages, textiles and pharmaceuticals, paperboard & packaging segment is expected to account for the largest market share during forecast period.  The packaging paper & board segment is registering strong growth, on account of growing fondness for ready-to-eat food items and need for superior-quality packaging of FMCG products which are marketed through organized retail.

Regionally, the paper & paper products market has been segmented into North, South, East and West. Among these regions, the western region is anticipated to dominate the paper & paper products market, owing to the availability of forest resources in the vicinity of the plant location, availability of water and flexible forest policy of the states in the region.

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“In India, imports account for over 20% of the paper consumption. Domestic paper manufacturers are less competitive against imports, given the superior quality and low costs of imported paper. As per the Indian Paper Manufacturers Association (IPMA), paper from ASEAN countries that is produced from raw wood is available at approximately $ 40 per tonne, compared to $ 110 per tonne in India. Furthermore, rising imports at high prices from surplus countries such as China is a major concern for local market players in India.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Paper & Paper Products Market By Application, By Raw Material, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of India paper & paper products market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India paper & paper products market.


About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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