INDIAN PAPER INDUSTRY AT A GLANCE IN 2020 - 2021
Printing and writing segment in Indian Industries’ demand is expected to grow at a CAGR of 4.5%. It is expected to reach 5.8 million tonnes in the fiscal year 2020-21. Paper consumption is forecasted to increase by 7.6% per year in the coming years.
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.
COVID had a huge impact on the paper and print industry in India. The paper and printing industry is going through a steep decline in volume because of its reliance on the education sector, commercial and promotional printing. Due to cost containment measures, modifying business plans and cancelling investments, the paper industry has got a great hit. Add to this with schools and colleges resorting to e-learning, the need for paper-based materials has gond down quite rapidly. Digitalization is also taking a huger toll on the Indian Paper industry.
The sector can grow as the per capita paper consumption in India is at 15 kg against the global average of 57 kg. While the demand for paper is growing at 6-7 per cent per annum, India’s share in world production of paper is at about five per cent, with an estimated output of 19 million tonnes per annum (TPA) and an annual turnover of about ₹70,000 crore wherein the domestic market size of ₹80,000 crore.
According to Industry data, India has 861 paper mills with 526 operational and with total installed capacity of 27.15 million tonnes.
