In India, numerous varieties of paper are produced, including those used in printing and packaging, writing, and a few specialty papers. Copier paper, super printing paper, bond paper, cream weave paper, map litho paper (surface size and non-surface), coating base paper, and other types of paper are available for printing and writing. Boards, Kraft paper, posters, and other types of paper are used in packing. Chromo paper/board, art paper/board, and other types are also available. There are roughly 600 paper mills in India, with twelve of them being big players and world-famous.
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In India, 40% of total paper production comes from hardwood and bamboo fiber, 30% from agriculture waste, and 30% from recycled materials. The total amount of paper utilized for publications and newsprint is 2 million tonnes. A total of 1.2 million tonnes of newsprint is produced, with the remainder purchased from other suppliers. This means that around 40% of newsprint is imported from outside the country.
Indian Market Overview
The Indian paper and paper products market is expected to increase at a CAGR of 7.8% between 2019 and 2024, from $ 8.6 billion in 2018 to $ 13.4 billion in 2024.
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The demand for upstream paper products such as tissue paper, filter paper, tea bags, lightweight online coated paper, and medical-grade coated paper is expected to drive the paper & paper products market in India in the coming years, as is the demand for better quality packaging of FMCG products marketed through organized retail. Ballarpur Industries Limited (BILT) and ITC are two of the country's leading paper makers.
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How Demand of Paper Industry in India can Rise?
By strengthening critical seaports, airplanes, roads, trains, and communication infrastructure, India's paper sector may become more competitive. To support the wood-based paper sector, plantations must be raised through whatever methods possible, including industry, cooperative farmers, and state governments.
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This necessitates a revision of the forest policy. Plantations of wood pulp can be grown on degraded forest lands. Customs duties on waste paper imports might be decreased, and new and used machinery/equipment imports could be allowed duty-free for a more straightforward and cost-effective technology upgrade.
Filter paper, tea bags, tissue paper, medical grade coated paper, lightweight online coated paper, and other paper-based products are becoming increasingly popular in Indian markets, indicating that the paper sector in India has a bright future ahead of it.
Furthermore, many current players are expanding their capacity to satisfy the rising demand. However, high production costs due to the scarcity and high cost of raw materials, high power costs, mill concentration in specific areas, technical obsolescence, and environmental issues are some of the reasons limiting the market growth.
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Segments of Paper and Pulp Industry
· The raw material, application, and region segments of the Indian paper and paper products market have been identified. The market has been divided into waste & recycled paper, wood, and Agro-residue categories based on raw material.
· Due to increased worries about the chopping down of trees for pulp production, the waste & recycled paper segment is likely to dominate the market throughout the projection period. The market has also been divided into writing and printing paper, paperboard and packaging, newsprint, and specialty paper based on application.
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· Paperboard and packaging demand is rising at the fastest rate among the application segments, as it serves industries such as FMCG, food & drinks, textiles, and pharmaceuticals. Due to reasons such as expanding urbanization, rising preference for ready-to-eat foods, and the need for better-quality packaging of FMCG products sold through organized retail, this category is likely to dominate the market.
· In India, the paper and paper products market is divided into four regions: north, south, east, and west. Due to rising paper consumption, particularly in FMCG products, the Western area is the country's leading consumer of paper and paper products. Tamil Nadu, Andhra Pradesh, Maharashtra, Punjab, Madhya Pradesh, and Gujarat are the states with the most paper mills.
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