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 organized 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. Around 15 percent of the world population stays in India but consumes only 5 percent of the total paper produced in the world.
The emphasis on education and literacy coupled with growth in organized 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, organized retail, booming e-com merce, and other segments, it said.