Industry Growth Indicators
The Indian paper industry has evolved to a great extent.
Due to growth in literacy, change in lifestyle and increasing consciousness for personal hygiene, per capita consumption of paper and tissue in India is increasing day by day. The growth in GDP of India has led to the increase in manufacturing activities, increasing the demand for paper products especial the paper boards for carrying out wide range of activities ranging from packaging to storage, transportation and lot more.
Indian Paper & Pulp Market was valued at US$ 11.48 Bn. in 2021, and is expected to reach US$ 31.41 Bn by 2029, at a CAGR of 13.4% during forecast period.
Paper and paperboard exports from India reached an all-time high of Rs. 13,963 crore (US$ 1.79 billion) in FY21-22, an increase of nearly 80% year on year. According to data issued by the Directorate General of Commercial Intelligence & Statistics (DGCI&S), exports have increased fourfold since the fiscal year 2017. Paper exports from India increased in volume from 0.66 million tonnes in FY17 to 2.85 million tonnes in FY22, and in value from Rs. 3,041 crore (US$ 391.97 million) to Rs. 13,963 crore (US$ 1.79 billion) during the same time.
This growth spans different grades of paper. Coated paper and paperboard exports climbed by 100% in value, uncoated writing and printing paper by 98%, tissue paper by 75%, and kraft paper by 37%.
Paper mills in India, particularly in the organised sector, have invested over Rs. 25,000 crore (US$ 3.22 billion) in new capacity and clean-green technology during the last 5-7 years. India has been a net exporter of paper in volume terms during the last two fiscal years. UAE, China, Saudi Arabia, Bangladesh, Vietnam, and Sri Lanka are among the top export destinations.