India’s Paper and Print Industries show large potential. Demand for paper is growing, also due to an increase in demand for packaged products. Resources for the paper market are limited, but domestic production is increasing. The paper industry of India is providing employment to 400,000 people directly and 1.5 million indirectly. Paper consumption in India is approximately 15 million tonnes per annum. In addition, it is expected to reach 23.5 tonnes per annum by 2025. Some of the paper mills are existing for several decades, which make up-gradation and investments into newer machinery necessary. This opens up opportunities for manufacturing companies in the sector. The print market in India is growing as well. This is mainly because of the growing demand for high-qualitative products. In fact, the print machinery production registered a year-on-year growth of 20% in the last few years. Besides, the two sectors projected to grow the most are packaging and published printing.
• Printing and writing segment demand is expected to grow at a CAGR of 4.5%. It is expected to reach 5.8 million tones in the fiscal year 2020-21
• Demand for Packaging Paper & Board segment is expected to grow at a CAGR of 8.9%. It is expected to reach 11.1 million tones in FY21
• The value of the print industry across India was estimated to be over 296 billion Indian rupees in 2019. This was expected to go up to over 370 billion rupees by 2022, indicating a compound annual growth of just around one percent.
• The growth of the Indian Printing Industry is at a rate of 12% per annum.
• The value of the print industry in India expected to go up to almost INR 410 billion by fiscal year 2024
• Global paper packaging Market is expected to reach USD 227 billion by 2024
• Indian Packaging market to reach USD 34.24 billion by 2024, driven by the rising consumer demand for resource efficient and eco-friendly products
• The global book printing market is anticipated to reach values of around $49 billion by 2024