According to a report released by the Indian Paper Manufacturers Association (IPMA), the per capita paper consumption in India is currently around 13-kgs, while the global average is 57-kgs. This is projected to increase to at least 17-kgs by 2024-25. India’s share in world production of paper is about 3.7%, with estimated production of over 15-million tpa.
The report said the paper industry has the market size of more than 17-million tonnes of paper and growing at around 7% per annum in India.
Meanwhile, the annual turnover of the paper industry is estimated to be Rs 60,000-crore, with around INR 4,500-crore contribution to the exchequer. The industry provides direct employment to about 0.5-million persons, and indirectly to around 1.5-million.
The top 15 paper manufacturers who are IPMA members, produced 3,828,415-tonnes of paper, out of total production 3,368,994-tonnes sold in domestic market. The export figure was 448,980-tonnes.
By 2024-25, domestic consumption is projected to rise to 23.5-million tpa and production to 22.0-million tpa. About one million tpa of integrated pulp, paper and paperboard capacity is required to be created in India on an annual basis over the current capacity to meet the growing demand.
The Indian paper and paper products market is projected to grow from $ 8.6 billion in 2018 to $ 13.4 billion by 2024, exhibiting a CAGR of 7.8% during 2019-2024.