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The Indian paper industry faces challenges from increased virgin board capacity in China and Indonesia, which could create oversupply and intensify price competition in FY 2024-25.
The Indian paper industry faces challenges from increased virgin board capacity in China and Indonesia, which could create oversupply and intensify price competition in FY 2024-25. Rising imports in writing, printing, and board segments may also pressure domestic volumes and costs. However, India’s economic growth, urbanization, and rising demand from e-commerce and hygiene awareness are driving sector expansion. The paperboard market is set to grow, supported by FMCG, pharmaceuticals, and education sectors, with a positive long-term outlook for the industry.