Paper consumption in India is likely to witness 6 to 7 per cent annual growth and will reach 30 million tonnes by FY 2026-27, largely driven by emphasis on education and literacy coupled with growth in organised retail, according to industry body IPMA.
The paper Industry holds immense potential for growth in India as the per capita consumption globally is one of the lowest, the Indian Paper Manufacturers Association (IPMA) said in a statement.
“Around 15 per cent of the world population stays in India but consumes only 5 per cent of the total paper produced in the world,” the statement said.
The emphasis on education and literacy coupled with growth in organised retail and demand for better quality paper are the major drivers of
growth.
Moreover, there has been continued demand for quality packaging of FMCG products, pharmaceuticals, textiles, organised retail, booming e-commerce, and other segments, it said.